
Crypto.com and Hamster Kombat launch a new payment card. CryptoPunks leads the NFT market’s resurgence. Magic Eden announces its native token, $ME.
CryptoPunks, the leading profile picture (PFP) NFT collection, saw a remarkable resurgence, with its floor price rising 28% week-over-week (27.58 ETH at the time of writing) following a low of 21 ETH. It recorded over US$3.6 million in total volume on 21 August and the unique owner count grew by 40% to reach 3,980, indicating new buyers are entering the market.
Other blue-chip NFTs on Ethereum also experienced gains. Pudgy Penguins, Bored Ape Yacht Club, and Milady Maker saw ETH floor price increases of 14.9%, 6.6%, and 6.5%, respectively, over the last seven days. The upward trend appears to be driven by community sentiment and market momentum.
The following table shows selected top games by weekly volume in USD:
The total market cap for gaming tokens now stands at $19.51 billion, increasing by +4.67% from last week.
Crypto Market Sizing Report H1 2024 |
Interested to know more? Access exclusive reports by signing up as a Private member, joining our Crypto.com Exchange VIP Programme, or collecting a Loaded Lions NFT.
Your feedback helps make our reporting more insightful. Tell us how we can improve this newsletter by taking the survey below. It will take less than a minute of your time. Thank you!
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 your step-by-step guide to setting upan account with Crypto.com
By clicking the Submit button you acknowledge having read the Privacy Notice of Crypto.com where we explain how we use and protect your personal data.