Chart of the Week
NFT borrowing volumes have surged in recent months, driven by platforms like Blur’s new lending platform, Blend. Blend exceeded 100,000 ETH in total volume, or approximately US$181 million, in just 17 days after its launch.
New Project Spotlight
NFT Collectibles
[COMING SOON] ‘Most Valuable Lions’ is a project by Crypto.com, inspired by its partnership with the Philadelphia 76ers. Dropping on 9 June on Crypto.com NFT, it features ‘Unguardable’ and ‘The Process’, the two remaining felines in the ‘Most Valuable Lions’ collection.
[COMING SOON] ‘Endless’ is a collection by NFT development team VerAI. This drop comprises 24 NFTs generated using techniques such as polygonal modelling and fractal generation. The collection goes live on Crypto.com NFT on 12 June.
Blockchain Games
[COMING SOON] Croskull is launching new pets for its Season 5 adventure. It has also released a tool for its Ordinals bitCroSkull collection, which includes metrics such as holders count, floor wall, and other market data.
[LIVE] Snook has released 100 special skins, and counting, for the game. Players can use traits they collect to unlock special skins on Snook, subsequently upgrading their NFTs’ value.
NFT Metrics
The following table shows select top collections (by weekly sales volume on each platform) and a sample of their art:
| Platform | Collection | Sales Volume (USD) | Floor Price (USD) | Sample |
|---|---|---|---|---|
| OpenSea | Bored Ape Yacht Club | $60,654,000 (+80%) | $87,500 |  |
| OpenSea | Azuki | $20,218,000 (+119%) | $32,700 |  |
| Crypto.com NFT | Loaded Lions | $82,900 (+8%) | $1,300 |  |
| Crypto.com NFT | Crypto.com Land – The First Frontier | $34,000 (-28%) | $60 |  |
| Minted | VVS Miner Mole | $9,100 (-33%) | $150 |  |
| Minted | MarbleVerse | $7,200 (-2%) | $16 |  |
| Platform | OpenSea |
|---|---|
| Collection | Bored Ape Yacht Club |
| Sales Volume (USD) | $60,654,000 (+80%) |
| Floor Price (USD) | $87,500 |
| Sample | |
| Platform | OpenSea |
| Collection | Azuki |
| Sales Volume (USD) | $20,218,000 (+119%) |
| Floor Price (USD) | $32,700 |
| Sample | |
| Platform | Crypto.com NFT |
| Collection | Loaded Lions |
| Sales Volume (USD) | $82,900 (+8%) |
| Floor Price (USD) | $1,300 |
| Sample | |
| Platform | Crypto.com NFT |
| Collection | Crypto.com Land – The First Frontier |
| Sales Volume (USD) | $34,000 (-28%) |
| Floor Price (USD) | $60 |
| Sample | |
| Platform | Minted |
| Collection | VVS Miner Mole |
| Sales Volume (USD) | $9,100 (-33%) |
| Floor Price (USD) | $150 |
| Sample | |
| Platform | Minted |
| Collection | MarbleVerse |
| Sales Volume (USD) | $7,200 (-2%) |
| Floor Price (USD) | $16 |
| Sample | |
Blockchain Game Metrics
The following table shows select top games by weekly Unique Active Wallets (UAW):
| Game | Blockchain(s) | UAW | Volume | Logo |
|---|---|---|---|---|
| Splinterlands | Hive, WAX | 102K (+24%) | $3K |  |
| Hippo Dash by Gameta | BNB Chain | 99K (+7%) | $2K |  |
| Iskra | Klaytn, Ethereum | 65K (+34%) | $298K |  |
| Axie Infinity | Ronin, Ethereum | 36K (+12%) | $12.1M |  |
| Planet IX | Polygon | 32K (-15%) | $282K |  |
| Game | Splinterlands |
|---|---|
| Blockchain(s) | Hive, WAX |
| UAW | 102K (+24%) |
| Volume | $3K |
| Logo | |
| Game | Hippo Dash by Gameta |
| Blockchain(s) | BNB Chain |
| UAW | 99K (+7%) |
| Volume | $2K |
| Logo | |
| Game | Iskra |
| Blockchain(s) | Klaytn, Ethereum |
| UAW | 65K (+34%) |
| Volume | $298K |
| Logo | |
| Game | Axie Infinity |
| Blockchain(s) | Ronin, Ethereum |
| UAW | 36K (+12%) |
| Volume | $12.1M |
| Logo | |
| Game | Planet IX |
| Blockchain(s) | Polygon |
| UAW | 32K (-15%) |
| Volume | $282K |
| Logo | |
Gaming Token Performance
The total market cap for gaming tokens now stands at US$10.39 billion, down -6% from last week.
News Highlights
- Luxury fashion house Louis Vuitton is set to debut a limited series of NFTs, each priced at about $41,712. Named ‘Treasure Trunks’, it consists of only a few hundred NFTs and each one will come with a matching, made-to-order physical Louis Vuitton luggage trunk.
- Bored Ape NFT #2758 has signed a movie contract with Pirexia Films, led by Netflix director JM Cravioto. This marks the first time an NFT actor will star in a film and be issued a salary that matches the rates set by the Screen Actors Guild (SAG).
- Nike’s NFT platform .SWOOSH is set to be integrated with EA Sports, potentially allowing Nike’s virtual footwear and apparel to appear in games. The partnership would allow Nike to unlock new experiences for the .SWOOSH community and the EA Sports fan base.
- Global travel platform Trip.com has announced its first NFT collection tailored specifically for regular travellers. The collection features a variety of dolphin-themed characters known as ‘Trekki’ and holders will be able to accumulate valuable rewards as they travel around the world.
Recent Research Reports
 |  |  |
| Research Roundup Newsletter [May 2023]: In our latest issue of Research Roundup, we feature trending market insights in May, charts of the month, and our latest research reports exploring memes — what makes them successful, their role in crypto and Web3, and the resurgence of meme mania. | Alpha Navigator: Quest for Alpha [May 2023]: Asset classes mostly dipped in May and crypto remains the best performer YTD. US debt ceiling dispute defused. Interest rate decisions from multiple central banks in the coming month. | The Evolution of Memes and What Makes Them Successful: What are memes, how have they evolved, and what makes them successful? We also explore the role they play in crypto and Web3, and what the future holds for memes |
| |
| |
| |
| Research Roundup Newsletter [May 2023]: In our latest issue of Research Roundup, we feature trending market insights in May, charts of the month, and our latest research reports exploring memes — what makes them successful, their role in crypto and Web3, and the resurgence of meme mania. | |
| Alpha Navigator: Quest for Alpha [May 2023]: Asset classes mostly dipped in May and crypto remains the best performer YTD. US debt ceiling dispute defused. Interest rate decisions from multiple central banks in the coming month. | |
| The Evolution of Memes and What Makes Them Successful: What are memes, how have they evolved, and what makes them successful? We also explore the role they play in crypto and Web3, and what the future holds for memes |
Recent University Articles
 |  |  |
| What Is Cryptocurrency?: Still wondering what cryptocurrency actually is, how it works, and how to use it? We’ve got the answers in this crypto beginner’s guide. | A Short History of Bitcoin Price: The price of BTC has experienced peaks and valleys ever since it launched in 2009. Learn all about Bitcoin’s price history. | How to Buy Bitcoin and Other Cryptocurrencies: Wondering how to buy your first Bitcoin? Or cryptocurrency in general? Here’s a step-by-step guide on crypto buying for beginners. |
| |
| |
| |
| What Is Cryptocurrency?: Still wondering what cryptocurrency actually is, how it works, and how to use it? We’ve got the answers in this crypto beginner’s guide. | |
| A Short History of Bitcoin Price: The price of BTC has experienced peaks and valleys ever since it launched in 2009. Learn all about Bitcoin’s price history. | |
| How to Buy Bitcoin and Other Cryptocurrencies: Wondering how to buy your first Bitcoin? Or cryptocurrency in general? Here’s a step-by-step guide on crypto buying for beginners. |
We’re all ears.
Your feedback has always helped us provide insightful crypto market trends. Tell us how we can improve this newsletter further by taking a quick survey below (it will only take less than a minute). Thank you!
Authors
Research and Insights Team
Disclaimer
The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement.
The brands and the logos appearing in this report are registered trademarks of their respective owners.
Nothing in this report is intended to suggest that NFTs are investment products, nor securities, nor anything similar or “financial” of any description. NFTs are to be reserved for fun only and NOT with any expectation of “value”, “profit”, “yield” or “investment”. You are also aware that NFTs are not a store of value, are not a generally accepted medium of exchange, and are considered very illiquid and volatile.
Get fresh market updates delivered straight to your inbox:
Be the first to hear about new insights:
