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Obscure NFT Collection Rockets to $83M


Hello Defiers! Here’s what we are covering today!

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NFT Collections

Obscure NFT Collection Based on Memes Fetches $83M Market Cap

Founded by Punk6529 The Memes Seeks to Change Up NFT Model and Pursue ‘Open Metaverse’

By Owen Fernau 


On Jan. 19, something unusual happened in the NFT market — a CryptoPunk, which typically sells for a minimum of $100,000, was swapped for a full set of tokens from an obscure collection called The Memes

Read the full story in The Defiant

NFT Marketplaces

Magic Eden Eyes Change As It Navigates Bear Market

NFT Marketplace Is Betting On Multichain Strategy and Loyalty Program

By Aleksandar Gilbert  


Like its competitors, NFT marketplace Magic Eden has had a rough year. It dominates the NFT market on Solana, handling at least 90% of the trading volume on any given week, according to an analysis of data from Nansen. On Ethereum, NFT trading volume is a fraction of what it was at the beginning of 2022 – on Solana, trading volume has held steady.

Read the full story in The Defiant

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Market Action

Layer 1 Tokens Rally As Investors Shrug Off GDP Growth

Aptos and Canto Enjoy Stellar Week

By Owen Fernau


Tokens for smart contract platforms defied the mild swoon in crypto markets Thursday and Friday. MATIC, the native token of the Polygon blockchain, a popular scaling solution for Ethereum, jumped 8% in the last 24 hours in early morning trading U.K. time. Fantom’s FTM is up 6%, according to The Defiant Terminal.

Read the full story in The Defiant

Crypto Phones

Solana Unveils App Store For Saga Phone

Marketplace Will Be Free and Use Solana Pay For Transactions

By Tarang Khaitan  


Solana Mobile has released details of its native App store, which will be available exclusively on Solana’s Saga phone when it launches.

Read the full story in The Defiant

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Doodles launching on Flow Blockchain?

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What is Vertex?

A Sponsored Primer on a Key Decentralized Trading Platform

By Rahul Nambiampurath    


The FTX collapse injected doubt into the very concept of centralized platforms. In contrast, decentralized exchanges offer both transparency and self-custody. But how can DEXs bridge the liquidity gap that CEXs offer?

Read the full explainer in The Defiant


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