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Crypto is softer overall, with Bitcoin below the 19-handle and trading $18,928 on $27B of volume. Ethereum is off -1.5% to $1275 on $9B of turnover — hardly a change to both majors in terms of volumes over the past few weeks. The overall market cap of crypto sits at $943B, down 1.7% on the day. DeFi tokens have been trading lower, with Uniswap, Sushiswap, and Synthetix all down close to 10%. The long USD trade continues to work, as USDJPY runs all the way to 151.94 at its peak intraday.

NFT volumes haven’t changed much, with ETH-NFTs at under $10M and Solana-NFTs hovering around $1M. As the week closes, it's worth taking a look at the top projects over the past 7-days:

RENGA, Nyolings, ENS, and CloneX all had a $2M turnover week. Doodles fell out of favor post-announcement of their jumbo fundraise and had $1M total, along with DigiDaigaku, which secured a commercial slot for the upcoming 2023 Super Bowl.

As a quick side note, Burberry is collaborating with Minecraft — a sign fashion brands are still open to advertising in the Metaverse despite the crypto winter conditions.

Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard

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NFT headlines:

NFL Players Become Deadfellaz Zombies in DraftKings Fantasy NFT Collab

IT’S GAME ON FOR BURBERRY & ‘MINECRAFT’

Aptos NFTs Are Coming — And May Put Network Scalability Claims to the Test

Four U.S. states order a metaverse casino to halt sale of NFTs

OpenSea revises NFT rarity ranking protocol after community feedback

Alien Worlds NFT Game Launches In-Game DAOs to Spur Competition

Rarible NFT marketplace adds Web3 aggregation with new version

Sims, SimCity Legend Will Wright Is Making A ‘Metaverse’ NFT Game On The Blockchain

NFT marketplaces ditching standard royalty fees labeled “short-sighted”

Warner Bros. Chooses The Lord of the Rings for Its First Film NFT Release

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