Blockchain News

NFTs Decoupling from the Crypto Market as Unique Collections Catch Bid

Data on cryptoslam.io and Twitter display bullish sentiment for the NFT market on ETH and SOL.

CryptoSlam Gives Insight into NFT Bid

ETH, SOL, and BNB have seen drastic corrections but data on cryptoslam.io displays NFT volume and floors increasing for SMB, Azuki, CryptoBatz, and Bored Ape Yacht Club.

NFT price action remains a novel market force in Web3 and crypto. In the recent market downturn, data from cryptoslam.io displays alternative fortunes for some top collections. 

Solana Monkey Business, Azuki, CryptoBatz, and Bored Ape Yacht Club are just a few collections that have seen 30-100%+ volume increases in the past week. Notably, these collections have seen sturdy floor prices in wake of downside volatility.

Looking at the cryptoslam.io dashboard, Azuki topped the charts with 112M in seven-day volume, double that of Bored Ape Yacht Club. Ozzy Osborne’s, CryptoBatz peaked with a ~1.5 ETH floor and logged 35M in volume.

Sales Volume of 7D on cryptoslam.io


Solana NFTs Soaking up ETH

In the past 24 hours, Solana Monkey Buisness, one of the top NFTs on Solana has caught bid aswell. According to cryptoslam.io the volume has increased 100% to 2M over one day. This comes after many successes for SMB, notably the recent fractionalization of the DAOJONES SMB, trading at 1.3M market cap according to CoinGecko.
The floor across marketplaces was swept up moving from ~150 SOL to 180 in a short time frame. As the market continues to favor NFTs SMB continues to grab attention in the growing Solana ecosystem.


Su Zhu Echo’s Recent ‘NFT’ Tape Action

Su Zhu, the co-founder of highly reputed hedge fund, Three Arrows Capital Ltd. also took to Twitter to echo the NFT price action. He joked that people from traditional finance didn’t get why NFTs were holding strong in the wake of the recent selloff. It is as simple as looking at the ‘tape’ for Su.

The tape can most easily be thought of as the price action – for NFTs, the floor and volume are fundamental metrics.


What is CryptoSlam?

CryptoSlam is an aggregator of non-fungible token (NFT) data from a growing list of popular blockchains, including Ethereum, Ronin, Solana, Flow, Polygon, WAX, and many others.

Launched in 2018 by a lifelong baseball card collector as a way to track the early Ethereum NFT collectible game MLB Champions, CryptoSlam has supported the NFT industry from its infancy by being the first to track and organize NFT data across multiple blockchains.

CryptoSlam has obtained the backing of many prominent investors, including the renowned entrepreneur and television personality Mark Cuban, and has established itself as a trusted source of transparency for the NFT industry at large.

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