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Major NFT Collections Post Double-Digit Monthly Losses as Floor Prices Drop
Losses in the NFT markets have exceed ether’s decline, which is down 9.6% on-month.
Aug 24, 2023, 9:04 a.m.
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Some of the best-known “blue-chip” non-fungible tokens (NFTs) have seen their floor prices decline by more than 25% in the last month, according to Nansen.ai data.
NFTs are a special type of crypto asset that provide its holder ownership over a real or digital asset. The floor price in NFTs refers to the minimum price a seller wants for an item in a collection, serving as an indicator of a collection's popularity and perceived value.
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However this metric can be manipulated and does not always accurately represent the true market value of an NFT, with other factors like rarity traits and market conditions causing variations in prices.
On-chain data shows that the Bored Ape Yacht Club collection’s floor price has declined by 27% while DeGods is down by 55%. Azuki, which sold out its ‘Elementals’ NFT mint in 15 minutes in June, ranking in $38 million in the process, saw its floor prices drop by 36%.
Meanwhile, the Nansen NFT-500 index is down 40% year-to-date, while its Blue Chip 10 index is down 33%.
While ether prices usually dictate the value of NFTs, values have dropped faster than the currency they are usually denominated in. Ether is down 9.6% on-month, and is up 1.9% during the last year, according to CoinDesk Indices data.
However, it isn’t all bad news in the NFT market. Some lesser-known collections have seen gains.
Notably, @miladymaker have seen their floor price increase by 66% and is incredibly close to overtaking MAYC
— Nansen 🧭 (@nansen_ai) August 22, 2023
However, @sprotogremlins, the NFT of choice for BITCOIN holders, have increased by a staggering 262% over the past 30 days pic.twitter.com/z7cVuRBfB4
The floor price of Miladays has risen by 66%, approaching Mutant Ape Yacht Club, Nansen explained in a tweet thread, while Sproto Gremlins, which has a following amongst bitcoin HODLers, has surged 262% over 30 days.
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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market
Tarafından sipariş edildiKuCoin
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Bilinmesi gerekenler:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Tristan Thompson launches prediction market turning NBA stats into stock
NBA veteran Tristan Thompson launched basketball.fun, a new prediction market platform that turns top athletes into tradable assets.
Bilinmesi gerekenler:
How it works: The platform differentiates itself from standard betting by treating the NBA's top 100 players as individual financial assets to collect.
- Users can buy and open "packs" of players, mimicking the nostalgic experience of buying physical trading cards.
- Player "share prices" luctuate based on real-time performance, rising if a player records a triple-double or dropping if they struggle after an injury.
- Users can trade these player shares on a secondary marketplace.
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