Graphical cryptocurrency market: NFT transaction volume hits a record high, Ethereum’s inflation rate drops

summary

  • StarkWare launches L2 integrated flow cell solution dAMM, designed to solve the pain points of liquidity fragmentation
  • The market performed strongly, with both volume and price rising.
  • NFT market turnover reached another high point since April 20.

Industry News

StarkWare refined the track, and launched the dAMM function for the L2 “ZK Rollup” expansion plan, which mainly integrates Loopring and Deversifi to solve the problem of liquidity fragmentation caused by the lack of liquidity due to the lack of users of ZK Rollup’s DEX.

The dAMM function separates the price state and the liquidity pool state, so that each L2 creates its own dAMM state for the same trading pair, thereby realizing the exchange of liquidity information across L2 liquidity pools. If the local pool has insufficient liquidity, dAMM can also expand the liquidity pool by injecting L1LP tokens.

NFT trading volume hits a new high, ETH inflation rate plummets leading to market recovery | Foresight Ventures Weekly Brief

Source: https://medium.com/starkware/damm-decentralized-amm-59b329fb4cc3

Secondary market data

BTC price changes

NFT trading volume hits a new high, ETH inflation rate plummets leading to market recovery | Foresight Ventures Weekly Brief

BTC spot price, source: skew

From August 1 (last Sunday) to August 8 at 14:00, BTC rose by 6254 points, an increase of 16.1%, and the BTC market saw a strong rise, which boosted the overall rise.

BTC trading volume

NFT trading volume hits a new high, ETH inflation rate plummets leading to market recovery | Foresight Ventures Weekly Brief

BTC spot trading volume, source: skew

After a short period of market correction, the trading volume gradually increased and the overall market atmosphere improved.

ETH funding rate changes

1628478684(1)

Source: skew

Recently, the overall funding rate has increased to varying degrees, and the performance of small currencies has become more obvious. In the next period of time, the performance of funding rate arbitrage may improve compared to the previous period.

ETH price changes

NFT trading volume hits a new high, ETH inflation rate plummets leading to market recovery | Foresight Ventures Weekly Brief

ETH spot price, source: skew

From August 1 (last Sunday) to August 8 at 14:00, ETH rose by 474 points, an increase of 17.71%.

ETH transaction volume

NFT trading volume hits a new high, ETH inflation rate plummets leading to market recovery | Foresight Ventures Weekly Brief

ETH spot trading volume, source: skew

ETH’s recent trading volume performance is relatively strong, and affected by the positive news of EIP-1559, the future market performance may be stronger than BTC.

Primary market data

The total lock-up volume of the public chain

NFT trading volume hits a new high, ETH inflation rate plummets leading to market recovery | Foresight Ventures Weekly Brief

Source: Debank

Due to the rising currency price, the overall TVL continues to rise. Compared with last week’s data, the total locked position increased by $13.33B; the net locked position increased by $10.99B.

ETH agreement lock-up amount

NFT trading volume hits a new high, ETH inflation rate plummets leading to market recovery | Foresight Ventures Weekly Brief

Source: Debank Statistics Date: 2021.8.8

BSC agreement lock-up amount

NFT trading volume hits a new high, ETH inflation rate plummets leading to market recovery | Foresight Ventures Weekly Brief

Source: Debank Statistics Date: 2021.8.8

Polygon agreement lock-up amount

NFT trading volume hits a new high, ETH inflation rate plummets leading to market recovery | Foresight Ventures Weekly Brief

Source: Debank Statistics Date: 2021.8.8

Fantom agreement lock-up amount

NFT trading volume hits a new high, ETH inflation rate plummets leading to market recovery | Foresight Ventures Weekly Brief

Source: Debank Statistics Date: 2021.8.8

The total lock-up amount of each agreement

NFT trading volume hits a new high, ETH inflation rate plummets leading to market recovery | Foresight Ventures Weekly Brief

Source: Debank Statistics Date: 2021.8.8

The recent TVL increment situation is good agreement

NFT trading volume hits a new high, ETH inflation rate plummets leading to market recovery | Foresight Ventures Weekly Brief

Source: Debank

Overall borrowing

NFT trading volume hits a new high, ETH inflation rate plummets leading to market recovery | Foresight Ventures Weekly Brief

Source: Debank

The overall scale of borrowing has now reached the level before “5.19”, but the currency price has not yet fully recovered, indicating that the overall market share has recently increased significantly.

NFT market transactions

NFT trading volume hits a new high, ETH inflation rate plummets leading to market recovery | Foresight Ventures Weekly Brief

Source: Dappradar

NFT market transactions are still hot this week, and there are still a lot of leaps in prices, number of transactions and sales. Among them, Meebits, Bored Ape Kennel Club and MoonCats have performed well.

Changes in NFT market volume

NFT trading volume hits a new high, ETH inflation rate plummets leading to market recovery | Foresight Ventures Weekly Brief

Source: NonFungible

NFT trading volume has reached a new high since April 6, 2020, which fully reflects the activity of the NFT market.

Latest financing situation

1628490268(1)

1628490290(1)

1628490268(1)

1628490290(1)

 

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/graphical-cryptocurrency-market-nft-transaction-volume-hits-a-record-high-ethereums-inflation-rate-drops/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

Like (0)
Donate Buy me a coffee Buy me a coffee
Previous 2021-08-09 08:57
Next 2021-08-09 08:58

Related articles