Say goodbye to floor price.

@erc6551 token bound accounts (TBA) will radically change NFT valuation models:

NFT (TBA) Value = NFT Value + Tokens owned value + NFTs owned value + Δ + social and historical value of transactions

Δ = Synergic value of the combined assets Let's break this down.

Since with TBA, NFTs can now hold other assets, and if they are transferred, all the assets held are also transferred, the NFT value is not just it's own value.

Your NFT can own other NFTs ✨

Tokenbound accounts (@erc655) have arrived to Ethereum, increasing NFTs utility and possibilities by an account.

Check our @DuneAnalytics dashboard tracking the first accounts being created under this new standard

📊 dune.com/sealaunch/erc-… To better understand Tokenboud accounts (ERC-6551), let's use a simple backpack analogy.

Imagine a collectible, an NFT, as a (virtual) person that now carries a ✨magical✨ backpack. 🎒

Nouns Builder is a tool that allows any DAO to form and govern completely onchain, in the format of Nouns DAO

103 have been deployed raising 439ETH from the auction mechanism

We created a @DuneAnalytics dashboard to analyse @nounsbuilder protocol

dune.com/sealaunch/noun… Every ween new DAOs are created and deployed using the protocol and so far, 103 DAOs fully deployed.

1/ Gas fees on Ethereum and the NFT Market activity seem to be negatively correlated (when gas is high, activity is lower).

We created a @DuneAnalytics dashboard comparing the median gas on Ethereum with the NFT volume, users and trades
dune.com/sealaunch/ethe… 2/ The impact gas has on the volume is more obvious when gas passes a certain threshold.

As a rule of thumb, weekly median gas fees above 40 gwei have a negative impact on the market volume.

1/ With the rise of Ethereum gas and the impact this had on the NFT market, we analyse how @ethereum and @0xPolygon contribute to @opensea usage in terms of volume, users, and sales.

📊 @DuneAnalytics dashboard
dune.com/sealaunch/open… 2/ It is not a surprise that most of the NFT volume is on Ethereum and the same happens on @opensea with 94% of the volume coming from this chain.
Also worth noting that @opensea volume on @0xPolygon has been increasing but still represents a single digit % share.

1/ Yesterday, NFT Ethereum volume reached a 27 days high.

Nevertheless this spike in volume, the NFT market still is at lower levels than in the end of February

@DuneAnalytics dashboard dune.com/sealaunch/NFT 2/ This spike in volume is mostly due to the Milady frenzy initiated (or catalysed) by @elonmusk tweeting a meme with a Milady

https://twitter.com/elonmusk/status/1656326406618619910?s=20

1/ jaredfromsubway is back and is eating Ethereum network resources! 🚨

Gas on Ethereum is at a 6 months high and one of the main causes is a MEV sandwich bot

In the last 24H, it spent $1,5M in gas fees

This represents 8% of the total gas usage on the Ethereum network 🚨 2/ jaredfromsubway is currently the highest spender of Ethereum gas for the past month, week, and day.

Below are the gas fees spent and the % of total network gas usage:

24H: $1,507,181 (8.01%)
Week: $5,657,361 (6.96%)
Month: $14,274,563 (5.28%)
3 months: $18,364,511 (2.83%)

1/ MEV bot (jaredfromsubway.eth) is back 🚨

In the last 24H, the address paid 285ETH
(~$530k) in gas fees

This represents❗️5%❗️of the gas paid in the Ethereum network 2/ How much is this MEV bot spending in gas fees?

jaredfromsubway.eth is the top Ethereum Gas Fees payer in the last 24H, past week and past month.

Gas fees paid (% of gas paid on the network):
24H - 285 ETH (5,58%)
Past week - 2,746 ETH (6,62%)
Past mont - 4,326 ETH (3,72%)

1/ As widely amplified yesterday, number of daily active users on NFT Marketplaces on Ethereum is at a low level

At the same time ETH gas fees are at a abnormally high value

So how does the same marketplace (@opensea), compares in terms of users between Ethereum and @0xPolygon? 2/ Gas fees on Ethereum have been at a abnormally high value, taking into account the Median gas price in the last 6 months (and at the highest since the merge).

Data by @hildobby_

1/ Sandwich MEV Attack Explained

A sandwich attack occurs when an attacker "sandwiches" a user's transaction between their own two transactions, leading to potential losses for the victim & profits for the attacker 2/ Why Sandwich MEV Exists

This attack is possible due to the mempool - a waiting area for unconfirmed transactions on the blockchain. If a user sets a high slippage, an attacker can exploit this by manipulating transaction order.

1/ Owls (@owlswtf) launched 4 days ago and got more than 10K ETH in secondary volume (~USD$16M).

Currently it is the #9 collection in terms of volume in the last 7D and #5 in the last 24H.

Check our @DuneAnalytics dashboard exploring the main metrics dune.com/sealaunch/owls
🧵 2/ What are @owlswtf?
Each owl was randomly generated on-chain at time of mint using a pseudo-random seed similar to what @nounsdao mechanics. The art itself is stored onchain and dynamically constructed as an SVG every time the tokenURI() is called.

1/ Since @blur_io airdrop, @opensea seems to be regaining volume market share (at a slow rate).

🧵
Check the @DuneAnalytics dashboard here
📊 dune.com/sealaunch/NFT 2/ Also the number of users market share on @opensea saw a slight increase

We deep dived on @blur_io on-chain data with @DuneAnalytics to find out how it is being used.

Where is the volume coming from?

Which collections are bringing in more volume?

🧵 Since it's official launch, buyers/seller ratio has been increasing to a top of ~61%.
Although, due to last days macro events, number of sellers increased steeply

🚀 Outliers vs 🪦 Dead NFTs in this bear market

We’ve seen multiple articles stating that NFTs were dead since the NFT market volume plummeted mid-May.

We analysed the on-chain data with @DuneAnalytics to understand what's happening in the NFT market during the 🧸

🧵 Opensea’s volume plateaued in the last 4 months = NFTs are going through a bear market much like the rest of the crypto market

'@blur_io continues to break records on volume, with a new all time high yesterday In terms of number of sales per fill source (the marketplace where the order was filled) it got ~16% market share