Ethereum NFT trading volume falls by 70% in June

Edition #24 - 1 JULY 2022


The total volume of Ethereum NFT trades has declined by 55% in the past month, from 1.3 million ETH to just 584,000 ETH. That’s a drop from just under $2.6 billion to about $672 million, which is roughly a 70% decrease when valued in USD.


gaming developments


metaverses & Adoption


defi

  • Crypto community confused as distressed Celsius continues with weekly rewards;

  • MakerDAO members refuse a proposal to create a centralised advisory board in a voting turn-out of record numbers;

  • CoinFlex plots to resume customer withdrawals by issuing a new token for “Sophisticated Investors”, offering up to 20% annual return;

  • Capgemini report: 71% of high-net-worth individuals have invested in digital assets, with 91% adoption amongst those under 40 years old;

  • Three Arrows Capital’s woes continue as Voyager Digital goes through with its plans to issue a default notice to the distressed hedge fund.


funding rounds

  • Kaiko, a digital market data provider, closed its $53 million Series B this week, with Eight Roads leading the funding round;

  • PolySign, a blockchain infrastructure provider, raised a $53 million Series C round, with participation from Brevan Howard, GSR and Cowen Digital;

  • Unizen, a crypto exchange, received a $200 million capital commitment from Global Emerging Markets (GEM) in a milestone-based deal.

 



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