gm - October 21st, 2022

gm 👋

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:

  • Loot — $13M with 70 trades

  • Bored Ape Yacht Club — $11M with 400 trades

  • Azuki — $6.6M with over 1000 trades

  • CryptoPunks — $4M with 40 trades

  • Otherside — $3M with 900 trades

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.

Burberry collaborates with Minecraft (image: Highsnob Society)

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.

Snapshot of Blue-Chip NFTs

Check out our Dune dashboard for details →


NFT headlines:

NFL Players Become Deadfellaz Zombies in DraftKings Fantasy NFT Collab


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


Please let us know your thoughts at [email protected]

Buy an NFT now and pay later →