Distributed research for distributed networks – OurNetwork is crypto's go-to platform for onchain analytics.📝 From the Editorial Team:
NFTs took 2021 by storm and subsequently collapsed, leaving embarrassment and regret in their wake. After featuring the image for a Bored Ape on its cover, Rolling Stone subsequently published an article about how NFTs are worthless.
Surprisingly to some though, some corners of the NFT market are alive and well — in fact, as of Dec. 16, the top 10 NFT projects had gained $2.5B in market capitalization over the previous 30 days.
There's been a lot of action lately, especially with holders of Pudgy Penguins and Lil Pudgys receiving each receiving around $58,000 and $6,000 respectively from PENGU, which at current prices is valued at $2.7B. We've also seen Miladys drop an ecosystem token with Azukis all but guaranteed to receive one of their own.
With the experimentation around ecosystem tokens alive and well, it's a good time to check the onchain data of a sector many have written off. Let's get into it.
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