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ROLLUP: Axie Infinity, Binance Squeeze, JPMorgan ETH Staking, EIP 1559 (1st Week of July)

Jul 9, 2021
Dive into the latest fluctuations in Bitcoin and Ethereum prices, exposing underlying market dynamics. Discover the resilient NFT market thriving despite bearish claims, marking high transaction volumes. Learn about the significant EIP-1559 release and its impact on Ethereum's gas fees. Explore recent advancements in Layer Two innovations, highlighting Balancer on Polygon and institutional interest in DeFi. Unravel the implications of evolving regulations and the rise of DAOs, shaping the landscape of decentralized finance.
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INSIGHT

Ether Exchange Levels

  • Ether is reaching all-time lows on exchanges, suggesting increasing self-custody or DeFi usage.
  • This potentially signals a bullish trend as users hold rather than exit to fiat.
INSIGHT

Bitcoin vs. Ethereum Outlook

  • Bitcoin appears to be in a rut, lacking clear future narratives.
  • Ethereum, on the other hand, has multiple tailwinds like EIP-1559 and the merge.
INSIGHT

NFT Market Analysis

  • Despite claims of an "NFT bear market," OpenSea's June volume hit an all-time high.
  • This suggests overall NFT growth, even if specific categories decline.
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