Sam Martin

<div id="highlights-block_617725d07bf3f" class="highlights">
        <ul>
                <li>Bored Ape Yacht Club flips CryptoPunks in terms of floor price</li>
                <li>Axie Infinity remains the largest NFT collection by trading volume over the past 7 days</li>
            </ul>
    
</div>



<p>Bored Ape Yacht Club flips CryptoPunks in terms of floor price. </p>



<p>Opensea volume has rebounded during the month of December.</p>



<p>Axie Infinity is still the largest non-fungible token collection by trading volume over the past 7 days.</p>



<h3 class="wp-block-heading"><strong>Latest in Macro:</strong></h3>



<ul class="wp-block-list"><li>S&amp;P 500: 4,696, +1.02%</li><li>NASDAQ: 15,521, +1.18%</li><li>Gold: $1,803, +0.76%</li><li>WTI Crude Oil: $72.96, +2.60%</li><li>10-Year Treasury: 1.453%, -0.034%</li></ul>



<h3 class="wp-block-heading"><strong>Latest in Crypto:</strong></h3>



<ul class="wp-block-list"><li>BTC: $49,214, +0.40%</li><li>ETH: $4,035, -0.10%</li><li>ETH/BTC: 0.0819, -0.17%</li><li>BTC.D: 40.37%, -0.74%</li></ul>



<h3 class="wp-block-heading">BAYC flips CryptoPunks floor price</h3>



<p>Popular NFT art collections Bored Ape Yacht Club (BAYC) and CryptoPunks have seen their floor prices, the lowest priced piece of art in a given collection currently for sale on a secondary market, converge over the past month.</p>



<p>Today the BAYC floor price officially ousted CryptoPunks as the most expensive NFT community to join, with its floor prices sitting at 52.84 ETH and 52 ETH, respectively, according to data from <a href="https://dune.xyz/hildobby/BAYC-vs-CryptoPunks" target="_blank" rel="noreferrer noopener">Dune Analytics</a>. </p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" decoding="async" width="916" height="365" src="https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-2.02.20-PM.png" alt="" class="wp-image-13071" srcset="https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-2.02.20-PM.png?w=916 916w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-2.02.20-PM.png?w=300 300w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-2.02.20-PM.png?w=768 768w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-2.02.20-PM.png?w=428 428w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-2.02.20-PM.png?w=470 470w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-2.02.20-PM.png?w=389 389w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-2.02.20-PM.png?w=80 80w" sizes="(max-width: 916px) 100vw, 916px" /><figcaption>Source: Dune Analytics</figcaption></figure></div>



<p>The rise of BAYC can in part be attributed to high-profile celebrities such as <a href="https://cointelegraph.com/news/post-malone-features-bayc-nfts-in-new-music-video-with-the-weeknd" target="_blank" rel="noreferrer noopener">Post Malone</a>, <a href="https://nftevening.com/nba-legend-stephen-curry-buys-bored-ape-nft-for-180000/" target="_blank" rel="noreferrer noopener">Steph Curry</a> and <a href="https://www.yahoo.com/now/tv-host-jimmy-fallon-reveals-164716453.html" target="_blank" rel="noreferrer noopener">Jimmy Fallon</a> purchasing apes to become part of the community.</p>



<p> &#8220;We describe NFTs as stores of culture because they embody a moment in history,&#8221; Yat Siu, co-founder and chairman of NFT game developer Animoca Brands, <a href="https://cointelegraph.com/news/nfts-offer-a-new-way-for-society-to-store-culture-says-animoca-brands-ceo" target="_blank" rel="noreferrer noopener">said</a> in a Cointelegraph interview. </p>



<p>Many NFT market participants believe that these profile pictures are representative of their identities online and are not open to selling, even at a price tag equal to over $210,000. </p>



<p>&#8220;Heyy are you interested in selling me your pink Bored Ape? I&#8217;m absolutely in love with it,&#8221; billionaire Kylie Jenner messaged @WillyTheDegen, an anonymous NFT collector, on <a href="https://twitter.com/WillyTheDegen/status/1455708737847451657?s=20" target="_blank" rel="noreferrer noopener">Twitter</a>. </p>



<p>Willy <a href="https://twitter.com/WillyTheDegen/status/1455712522816819206?s=20" target="_blank" rel="noreferrer noopener">tweeted</a> in response to her direct message saying, &#8220;I hit delete message, by the way. Diamond hands baby,&#8221; and proceeded to block her, &#8220;for the culture.&#8221; </p>



<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">For the culture <a href="https://t.co/CRnHjlpGiM">pic.twitter.com/CRnHjlpGiM</a></p>&mdash; Willy ₿ullish 🍌 (@WillyTheDegen) <a href="https://twitter.com/WillyTheDegen/status/1455721284927582208?ref_src=twsrc%5Etfw">November 3, 2021</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>While BAYC floor price has in fact flipped CryptoPunks, it is worth noting that the lifetime trading volume is more than double BAYC&#8217;s with nearly 670,000 volume of ETH traded, according to data from <a href="https://dune.xyz/hildobby/BAYC-vs-CryptoPunks" target="_blank" rel="noreferrer noopener">Dune Analytics</a>. </p>



<p>BAYC is also planning to launch a token in early 2022, which could be contributing to the price appreciation according to <a href="https://www.theblockcrypto.com/linked/119966/bored-ape-yacht-club-plans-to-launch-its-own-token-in-q1-of-2022" target="_blank" rel="noreferrer noopener">The Block</a>.</p>



<h3 class="wp-block-heading">Opensea volume rebounds</h3>



<p>Opensea volume has rebounded during the month of December, on pace to hit roughly $2.82 billion in monthly sales, according to data from <a href="https://dune.xyz/rchen8/opensea" target="_blank" rel="noreferrer noopener">Dune Analytics</a>.</p>



<p>If OpenSea&#8217;s trading volume maintains its current pace, this would mark the highest number since September. Daily volume has been tapering off over the past few days, but maybe those last-minute Christmas shoppers will push volumes higher.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="264" src="https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.29.31-PM-1024x264.png" alt="" class="wp-image-13080" srcset="https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.29.31-PM-1024x264.png?w=1024 1024w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.29.31-PM-1024x264.png?w=300 300w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.29.31-PM-1024x264.png?w=768 768w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.29.31-PM-1024x264.png?w=428 428w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.29.31-PM-1024x264.png?w=470 470w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.29.31-PM-1024x264.png?w=389 389w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.29.31-PM-1024x264.png?w=80 80w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.29.31-PM-1024x264.png?w=1137 1137w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption>Source: @bit_hedge</figcaption></figure></div>



<h3 class="wp-block-heading">NFTs overview</h3>



<p>Despite a lot of action going on in the world of NFTs, Axie Infinity was still the top collection by sales according to data collected by the <a href="https://twitter.com/esatoshiclub/status/1473758238445350931?s=20" target="_blank" rel="noreferrer noopener">Satoshi Club</a>.</p>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="798" src="https://blockworks-co.imgix.net/wp-content/uploads/2021/12/top-5-last-week-1024x798.jpg" alt="" class="wp-image-13081" srcset="https://blockworks-co.imgix.net/wp-content/uploads/2021/12/top-5-last-week-1024x798.jpg?w=1024 1024w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/top-5-last-week-1024x798.jpg?w=300 300w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/top-5-last-week-1024x798.jpg?w=768 768w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/top-5-last-week-1024x798.jpg?w=1536 1536w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/top-5-last-week-1024x798.jpg?w=2048 2048w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/top-5-last-week-1024x798.jpg?w=330 330w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/top-5-last-week-1024x798.jpg?w=335 335w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/top-5-last-week-1024x798.jpg?w=281 281w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/top-5-last-week-1024x798.jpg?w=80 80w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption>Source: @esatoshiclub</figcaption></figure>



<p>Trading data from <a href="https://opensea.io/rankings" target="_blank" rel="noreferrer noopener">OpenSea</a> and <a href="https://solanalysis.com" target="_blank" rel="noreferrer noopener">Solanalysis</a> of some of the top Solana and Ethereum projects can be found below:</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="337" src="https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.33.25-PM-1024x337.png" alt="" class="wp-image-13082" srcset="https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.33.25-PM-1024x337.png?w=1024 1024w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.33.25-PM-1024x337.png?w=300 300w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.33.25-PM-1024x337.png?w=768 768w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.33.25-PM-1024x337.png?w=428 428w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.33.25-PM-1024x337.png?w=470 470w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.33.25-PM-1024x337.png?w=389 389w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.33.25-PM-1024x337.png?w=80 80w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.33.25-PM-1024x337.png?w=1235 1235w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption>Top Ethereum Projects</figcaption></figure></div>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="285" src="https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.33.33-PM-1024x285.png" alt="" class="wp-image-13083" srcset="https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.33.33-PM-1024x285.png?w=1024 1024w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.33.33-PM-1024x285.png?w=300 300w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.33.33-PM-1024x285.png?w=768 768w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.33.33-PM-1024x285.png?w=428 428w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.33.33-PM-1024x285.png?w=470 470w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.33.33-PM-1024x285.png?w=389 389w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.33.33-PM-1024x285.png?w=80 80w, https://blockworks-co.imgix.net/wp-content/uploads/2021/12/Screen-Shot-2021-12-22-at-4.33.33-PM-1024x285.png?w=1209 1209w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption>Top Solana Projects </figcaption></figure></div>



<p>If you made it this far, thanks for reading! I am looking forward to catching up tomorrow.</p>



<hr class="wp-block-separator"/>



<p><strong>Get the day’s top crypto news and insights delivered to your inbox every evening.&nbsp;<a href="https://cms.blockworks.co/newsletter/" target="_blank" rel="noreferrer noopener">Subscribe to Blockworks’ free newsletter</a>&nbsp;now.</strong></p>



<hr class="wp-block-separator"/>
