Web3 Weekly Review: Opensea's possible token launch, Jupiter's airdrop plan...
NFT Weekly News #78 23rd December - 29th December
NFT News Weekly Update #78
(23/12/2024-29/12/2024)
GM
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Top News 🔝
📌 NFT | OpenSea teases OCEAN token coming (Dec 23)
Opensea foundation posted “Ocean enters the chat” on twitter.
📌 DEX | Jupiter reveals January airdrop plan (Dec 27)
Jupiter’s airdrop event, Jupuary, has been officially confirmed to happen in January 2025 and 2026.
The airdrop will likely happen in mid January, closely followed by Jupiter’s conference event, Castanbul in late January, where 30% of JUP’s token supply will be burnt live.
Market Update 📣
Last week, the primary NFT PFP projects that saw significant sales included Pudgy Penguins, Azuki Elementals and Azuki. These collections are famous for their charming characters and distinctive designs, which make them very popular in NFT market.
Winds of Yawanawa, Fidenza and Chromie Squiggles stood out as the main NFT Art projects sold last week. Fidenza has experienced in the past week an increase in trading volume, reclaiming public attention through its distinct aesthetic senses and creative ingenuity.
Credit to: @Deepnftvalue
Other News 👀
DEX | Concerns Over North Korean Threats to Hyperliquid Amid $2.3 Billion USDC (Dec 23)
Concerns are rising regarding Hyperliquid, a decentralized finance protocol, amid speculation about potential attacks from North Korean hackers. Currently, there is approximately $2.3 billion in USDC held within Hyperliquid's bridge contract deployed on Arbitrum.
Meme | Moodeng wins X meme of the year (Dec 24)
Ethereum co-founder Vitalik Buterin “adopts” the viral hippo Moo Deng with a $300,000 donation to support Khao Kheow Open Zoo. Meanwhile, Moo Deng wins the Meme of the Year award, generating 7.7 million posts about her.
NFT Chain Volume 💎
Over the past week, NFT marketplace volume went down to 187.4M from $435 million of one week before. Ethereum claimed the top spot with a 74.8% market share while with $139.8M chain volume, surpassing both Solana and Bitcoin.
Top 3 NFT PFP projects by volume are the same as two weeks past: Pudgy Penguins, Azuki and Lil Penguins, with 7-day trading volume at 6.5K, 6.1K and 3.6K ETH respectively.
Credit to : @NFTpulse
Memecoin Market Cap and Volume 🔑
Last week, the daily market cap for memecoins reached $98.49 billion on December 29th. This represents a 28.14% decline from its peak of $137.06 billion on December 9th.
The weekly trading volume totaled approximately $73.54 billion, reflecting a 56% decrease compared to the previous week.
Credit to : @CoinMarketCap