NFT On-Chain Update: Super Bowl Avatars, Blur NFT Marketplace, and BendDAO Reach New Heights
The NFT space continues to heat up with numerous exciting developments taking place in the past few days. Let's take a look at some of the biggest NFT news from the past week.
The NFT market is thriving with the Super Bowl Polygon-based Reddit avatars averaging 195K mints in the past 8 days.
The NFT marketplace is seeing a growing number of buyers, as indicated by the Blur marketplace's buyer-seller ratio of 0.59 and the average of 4.28 trades per user.
Super Bowl Polygon-Based Reddit Avatars:
A total of 1,562,389 avatars were minted via the Polygon-based Reddit partnership, averaging 195K mints in the past 8 days.
The Kansas City Chiefs collection was the smallest, with only 13.5% of the total Super Bowl mints, while the Philadelphia Eagles had double the mints, with a total of 413,317.
Blur NFT Marketplace Surpasses 100K Unique Buyers:
The Blur NFT marketplace has reached a significant milestone, surpassing 100K unique buyers. The platform has already seen an impressive 880,567 ETH in volume, with over 1,832,141 total sales since its inception.
During 2023, Blur saw a daily average of 10,211 ETH in volume, with 18,303 sales made by 11,686 buyers and sellers. The average user on the Blur marketplace is also making 4.28 trades, showcasing the level of activity and engagement on the platform.
BendDAO Sees New ATH in Bored Ape Yacht Clubs, Mutant Ape Yacht Clubs, and Azuki NFTs:
Over the weekend, BendDAO saw a new all-time high in the amount of Bored Ape Yacht Clubs, Mutant Ape Yacht Clubs, and Azuki NFTs in its collateral.
On February 11th, a batch of 47 Azukis was deposited to the collateral, the biggest batch yet.
Treasure's MAGIC Surpasses 400K Users:
Treasure's MAGIC token has surpassed the 400K user milestone, with a total of 402,786 users. Trove, the NFT marketplace of Treasure, is seeing a surge in weekly active users and has not seen under 2,000 weekly active users since mid-November 2022.
Treasure DAO recently launched the MagicSwap v2, an automated market maker (AMM) protocol that supports universal token compatibility.
Meme Of The Week - Them: Please tell me you did something useful with your money!
Other Milestones:
BNS (Bitcoin Name System) Sees Significant Volume: BNS (Bitcoin Name System) saw 378.2K STX (~$108K) in 7-day volume.
30-Day Telegram Usernames See Over $3.5M in Volume: On February 10th, 30-Day Telegram usernames (regular + anon) saw over $3.5 million in volume, driven by two collections on the TON blockchain.
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