Ethereum NFT Volume Surges Amid Symbolic Torch Event Ahead of 10th Anniversary
2025-07-20 21:58:50
Main Idea
Ethereum celebrates its 10th anniversary with a symbolic NFT torch event, coinciding with a 300% surge in NFT trading volume and a significant price rally.
Key Points
1. Ethereum launched a symbolic NFT torch relay to commemorate its 10th anniversary, starting on July 20 and ending on July 30 with a commemorative NFT mint.
2. Ethereum's NFT market saw a 300% surge in trading volume over two weeks, reaching $75 million weekly, more than half of the total $140 million market volume.
3. ETH's price rose nearly 50% from $2,525 to $3,730 since early July, fueling renewed interest in NFTs.
4. Other blockchains like Bitcoin and Polygon also saw increased NFT activity, with Bitcoin-based NFTs doubling their weekly volume to $25.6 million.
5. Yuga Labs is shifting focus to its metaverse project Otherside by divesting intellectual property from Moonbirds, CryptoPunks, and Meebits.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Ethereum celebrates its
Latest News
- Yala (YALA) Listing on Binance Alpha Could Offer Early Access to Emerging Crypto Opportunities2025-07-21 02:55:26
- XRP Dominates Upbit Trading Volume with 15.26% Share Amid Market Surge2025-07-21 02:55:08
- Bitcoin Faces $411M Short Liquidation Surge Above $119K and $511M Long Liquidation Risk Below $116K on Major CEXs2025-07-21 02:42:26
- XRP Shows Potential for Further Gains Amid Rising On-Chain Activity and Technical Breakout2025-07-21 02:42:12
- James Wynn Expands BTC Short Position to $10.23M Amid Ongoing Increase2025-07-21 02:19:38