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

• No Man’s Sky players self-invented and implemented a crypto coin, hoping to never trade it for real money;

• Axie Infinity’s Ronin bridge finally reopens for the first time since the $600 million exploit back in March;

• Cantina Royale announces Elrond Apes integration into its game in a cross chain NFT collaboration.

metaverses & Adoption

• Grayscale’s Bitcoin spot ETF application rejected by the regulators, Grayscale launches a legal challenge against SEC;

• ProShares short ETF becomes second-largest bitcoin fun in record time;

• Polkadot reveals Governance 2.0 to become more decentralized and censorship-resistant;

• Digital metaverse property saw almost 900% price appreciation over the last 2 years, compared to 39% increase in real property;

• Citadel Securities, part of the broader Citadel financial family, names CEO for its crypto trading and market making venture.

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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