Nov 29
🧑💻 With markets rising over the past couple of months, there has been a bit of renewed crowd interest revolving around NFT's. Below are the top 10 NFT-related projects, according to our algorithm that calculates notable development activity:
1 Flow $FLOW
2 Decentraland $MANA
3 Enjin $ENJ
4 Axie Infinity $AXS
5 The Sandbox $SAND
6 Yield Protocol $DYP
7 Monaverse $MONA
8 Bounce Finance $AUCTION
9 Aavegotchi $GHST
10 Alien Worlds $TLM
Check out Santiment's methodology for pulling #github activity data from project repositories, and why it is so useful for #crypto trading.
Enjoy a free 1-week trial to Sanbase PRO to enjoy a big edge in your trading. 👇
Jan 20
In 2022, the play-to-earn gaming ecosystem experienced a significant decrease in user engagement due to the overall decline in the cryptocurrency market.
However, the current year has seen a resurgence of interest in the gaming aspect of the crypto industry. According to DappRadar, the leading P2E gaming platform, Axie Infinity, has observed a 59% increase in unique active wallets since 1 January.
Additionally, sales volume on the platform has risen by 214%, and the daily transactions count has increased by more than 100% during the year so far.
Due to heightened activity on the platform, new demand for its native tokens, Smooth Love Potion [SLP] and Axie Infinity Shards [AXS], and the number of daily active wallets trading these tokens rallied significantly to reach a peak by 14 January.
Since touching this peak, the prices of SLP and AXS have declined by 11% and 12%, respectively.
Nov 15
Our screener has highlighted an exchange inflow outlier in AXS...
... along with a significant loss on NRPL:
This appeared to be a trace of a single very wealthy wallet moving funds to Binance.
This wallet AXS holdings chart:
The wallet dumped 3.6 million AXS to Binance shortly after some weird pump happened:
Why? Capitulation? Weak hands? We don't know. Just a serious move.
Take care.