Lucky Trader NFT Power Rankings Review | October 7
The Lucky Trader Power Rankings uses a set of weighted attributes to curate a full set of numbered rankings for NFT projects across blockchains.*
Each week we take a snapshot of the rankings (at 10:00 a.m. ET) and review the movement in rankings as a result of the latest news, trades, and more.
You can read through last week's rankings check here.
*Full details on our weighted rankings can be found at the bottom of the Power Rankings page.
Find details on this week's ranking movement below...
Despite a major week of notable headlines, the Top 30 projects in our Lucky Trader Power Rankings were quite stable. Below was the movement in the top 10.
There was minor movement throughout the top ten, highlighted by a one spot jump for Doodles (back into the top ten!) and Clone X to number 7 overall.
Clone X's jump comes on the heels of some speculation and teasers from RTFKT throughout the course of this week. First off, the project asked users to turn on Twitter notifications, because Clonetober is beginning.
Turn notifications on 🔔— RTFKT (@RTFKT) October 4, 2022
Clonetober is about to begin 👁🗨🪐
Then later in the day, the project teased "Story Mode" with a cryptic tweet and video teaser. Details are pretty sparse, but this is nothing new for the RTFKT team that seemingly thrives on cryptic, complex mechanisms to help drive intrigue and innovation in web3.
And...well the NFT community seems to support it. Based on NFTInspect data, Clone X actually leads all PFP projects represented with profile pictures on Twitter.
Doodles is nearly a month removed from a notable re-announcement of a major funding round, and while no newsworthy events have populated our newsfeed since, the project has been slightly more active on social media. As ridiculous as that seems, the project was previously chastised for its lack of communication and "gm tweets."
Of course, it would be ridiculous to speculate that the uptick in tweets from the Doodles account (two this week) has any bearing on the secondary volume or floor price, but those are the only metrics that would have an impact on our power rankings - as at this time we do not utilize any social data to generate our power rankings.
The project has posted a modest gain in floor price (7.69 ETH) over the last week according to our project rankings page.
Deafbeef's generative audiovisual collections saw a notable jump in the power rankings up 34 spots to number 21 overall in the Top 30 rankings. The collection saw its first sale in more than 3 months when an offer was accepted for 43 ETH (~$57,000) yesterday.
Given the major overlap of the Top 30 and the PFP rankings, these rankings also experienced very little change when compared to the last week.
Doodles jumped up one spot, bumping down the Bored Ape Kennel Club - but as noted above, nothing has changed status-wise for Doodles (despite a minor volume, and floor price boost over the last week).
Bored Ape Kennel Club remains the forgotten sibling in the Yuga Labs ecosystem and I'm actually somewhat surprised it even exists inside the top ten of the current iteration of our power rankings. Most of that is likely attributed to the historical volume and lengthy stability of the project (when compared to other projects).
I'd expect this collection to eventually fall out of the top ten, but it may require a hint of the bull market to produce significant volume and floor price change for surrounding projects.
Gutter Cat Gang
Gutter Cat Gang was down another three spots to number 15 as the floor price was down ten percent on only 50 ETH in volume over the course of the last week. Our project rankings page only registered 9 total sales for the collection during that time frame, a pretty jarring number for what many believe is a "notable" NFT collection.
Deadfellaz moved up 3 spots to number 22 in our PFP rankings. The project recently announced an upcoming IRL event and continues producing lore for its Wranglers Partnership. The collection has always floundered at the lower end of last summer's bull run PFP projects and until it breaks free of that it is likely to exist in this range.
While the previous two ranking categories had very little movement, the Art Rankings were quite volatile over the last week. Perhaps much of that can be attributed to increased volumes on the back of major announcements from Art Blocks and the first top-30 inclusion from Tyler Hobbs' QQL Mint Pass.
This week's Art Blocks Dominance: 60%
That means a small increase in the Art Blocks Dominance number, as 18 of the top 30 projects in our Art Rankings were dropped on the Art Blocks Platform.
While historical Art Blocks pieces are likely to always litter these rankings, it will be interesting to follow the movement of the newest Art Blocks projects from "Art Blocks Presents."
ICYMI: Lucky Trader's Tyler Warner gave his too early predictions on the expected impact on the market, and more.
Art Blocks veteran Tyler Hobbs made another splash on the Art Rankings page this week. His QQL Mint Pass was up 20 spots to number 15 overall. This is the first time the collection has been ranked inside the top 20.
As the collection picks up even more trading volume, I'd expect that number to continue climbing upwards. Particularly given the significance of Tyler Hobbs, the creator of the number one Art project, Fidenza.
A few other bullets from the rankings:
- Deafbeef is up to number 7 on the back of a volume increase in a small set with low liquidity.
- Terraforms by Mathcastles, a longstanding hybrid art/land project is up to number 12. The five-spot jump comes on increased volume and a nearly 60 percent floor price boost to 1.79 ETH.
- Beeple's Everydays jumped 17 spots to number 39 thanks to a minor floor price and volume increase.
The NFT space at present time is dominated by profile pictures and art, so for the most part each week I'll look to include "the rest" in a final category, highlighting anything of note. Below I've included a few things that stood out from the news of the week.
New project, OzDAO jumped 12 spots to number 11 overall in our Membership rankings. The newly founded DAO project saw its membership pass NFT jump nearly 100 percent to 16 ETH at the time of writing. While the project is not widely known, the project describes itself as "an unparalleled monitoring system and encyclopedia for Crypto-native social activity."
This will be something to keep our eye on.
Terraforms by Mathcastles
Terraforms made a significant jump in our art rankings and thanks to the data that boosted it there, it jumps to number three overall in our Land rankings.
The project describes itself as "onchain land art from a dynamically generated onchain 3D world," and has now overtaken both Treeverse and NFT Worlds in our Land Rankings.
CrypToadz by GREMPLIN
CrypToadz jumped up to number 2 overall in our CC0 Rankings. The project was the only CC0 project in our top five rankings to post a positive floor price gain over the last week, jumping more than 7 percent to 1.89 ETH.
The collection of pixelated toads jumped up two spots, surpassing both Grifters by XCOPY and CryptoDickButts to claim the second spot.
Want to see how things shake out next week? Be sure to follow our Power Rankings and look for this column on Friday! Furthermore, be sure to download the Lucky Trader app to stay updated on all things NFTs!