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OpenSea continues to dominate the NFT market, accounting for over 95% of total volume. Daily volume hit an all-time high this Sunday with a $300 mn turnover.
CryptoPunks and Bored Apes Yacht Club had a monster weekend, with news of Chinese billionaires and Stephen Curry buying up these blue-chip PFP projects. FOMO ensued and drove floor prices significantly higher in just 2 short days.
ArtBlocks has an explosive week with just over 80,000 ETH of volume coming through. This anomaly mostly stems from several high profile purchases of Curated Art Blocks such as Fidenzas, Ringers, and Squiggles.
Price action for majors has been awful as of late, but there’s a ray of hope with flows starting to pick up in the last couple of hours. Avalanche ecosystem coins took a beating after Fantom and Celo both announced liquidity mining programs.
The Endless Open Sea
OpenSea continues to dominate the NFT market, accounting for over 95% of total volume. Daily volume hit an all-time high this Sunday with a $300M turnover.
Since June, the number of unique users that have interacted with OpenSea has more than doubled thanks to the NFT mania.
OpenSea recorded sales of over 1.5M NFTs in August, and the company grossed $215M in fees so far this month.
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