OpenSea top-10 NFT projects soar as new liquidity enters the market
The success of MoonBirds and traders’ anticipation of Yuga Labs’ The Otherside land sale is bringing a wave of fresh liquidity to the NFT market. Spring is here and with it came a newfound awakening for nonfungible tokens (NFTs). In the last week of March, total sales volume rallied to $20 billion, but this metric took a dive from midApril to $17.6 billion. However, on April 16, the newly landed Moonbirds NFT, pumped over $280 million worth of liquidity into the market and this, compounded with rumors of Yuga Labs’ Otherside land drop, sent the total volume sales for NFTs into a steady....
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Monthly volumes on OpenSea have declined in comparison with January’s record-breaking start, but select NFT collections are still seeing their floor prices soar. Despite a number of attempted vampire attacks, nonfungible tokens (NFTs) continue to have a strong run on OpenSea, with the number of unique users and transactions increasing. However, the NFT market’s overall volume is falling behind last month’s figure of nearly $3 billion. While there are NFT projects readying to hit the secondary market, it seems the sector, as a whole, is navigating the next move regarding utility and the....
Most of the NFT market is in a downtrend, but data shows funds continuing to flow into blue-chip tier projects. In May 2021 OpenSea closed out nearly $140 million in total volume. Fast forward a year and the most dominant NFT marketplace closed over $880 million in less than a week partially because of the Yuga Labs’ The Otherside mint. As a result of this mint, a fresh surge of liquidity was injected into the NFT ecosystem and as it stands the current NFT total market capitalization is over $19.4 billion. NFT market capitalization and volume. Source: NFTgoFor the past two weeks most of....
Defi startup Moma Protocol has completed a private funding round to create a decentralized liquidity solution that aggregates multiple markets. Boosting defi liquidity has become an obsession among crypto projects emerging onto the scene, with increasingly novel solutions proposed. While most projects are content with achieving deeper liquidity, Moma is intent on going to infinity […]
Non-fungible token (NFT) assets have taken the world by storm in 2021 and three current projects in the NFT universe have seen sales stretch into the billions. Statistics show that the NFT marketplace Opensea, the blockchain NFT game Axie Infinity, and the digital collectible series Cryptopunks have collectively captured over $10 billion in sales. Opensea, Axie Infinity, Cryptopunks Crack $10 Billion in Sales As the end of September approaches, the combined sales of three distinct NFT projects have made more than $10 billion in all-time sales. All three projects are unique as well, as the....
On September 15, the top non-fungible token (NFT) marketplace, Opensea, revealed that an Opensea executive profited from insider trading. “Yesterday we learned that one of our employees purchased items that they knew were set to display on our front page before they appeared there publicly,” Opensea informed the public on Wednesday. Opensea did not name the employee, but social media posts accused an Opensea executive of using “secret wallets” on Tuesday. Opensea Team Says NFT Market Operators Are ‘Incredibly Disappointed’ Opensea is the leading....