The rise and fall of NFTs – what’s left?CryptoSlate's latest report dives deep into the boom-bust trajectory of NFTs: from their euphoric peak and inscription speculation, through the subsequent collapse in activity and value.
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The rise and fall of NFTs – what’s left?CryptoSlate's latest report dives deep into the boom-bust trajectory of NFTs: from their euphoric peak and inscription speculation, through the subsequent collapse in activity and value, to the current search for stability and meaning in the aftermath. 📖 α Weekly ResearchBitcoin hit its new ATH without fresh supply, forcing buyers to chase dormant coinsBitcoin’s rally to $111,700 unfolded with minimal young coin activity, exposing tight float conditions. Bitcoin’s 30-day price volatility falls to 6-month lowThe market’s lowest 30-day price volatility has arrived hand in hand with a new all-time high, raising the prospect of a volatility squeeze.
📖 More α ResearchFutures desks made 9 out of 10 Bitcoin trades in May while spot activity slowed downDerivatives carried Bitcoin past $111,000 in May while spot desks recorded the lightest activity since February. Bitcoin supply near total profitability as institutional demand drives value flowsShort-term holder profitability near 100% now reflects professional desks more than retail wallets. Solana’s $9.17 billion DeFi surge hides a stablecoin stockpile ready to igniteLiquidity has poured into Solana protocols like Raydium and Kamino, lifting DeFi participation to multi-month highs.
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