Morning Minute | A Big Weekend on Blast
TylerD's Market Summary
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📈 Blast's Big Weekend
When the news broke that Blast was delaying its TGE to late June, many were disappointed.
Some threatened to quit farming entirely.
Well, they lied (or else they've been replaced).
What Happened?
Blast had a busy weekend with a series of headlines across projects, tokens and NFTs.
- Fantasy Top completed Main Tourney 2 and launched its first Common Only and Rare Only tourneys
- Wolf Game opened its Blast Migration, saw 20,000 Sheep minted and bWOOL soar
- The $PEW token presale was 17x oversubscribed and received $10M in deposits
- The Blast Jackpot is up to over 2M Gold (even after a 10% win for $OLE)
Blast TVL is up 10% over the weekend as well to $1.59B, effectively its highest levels other than a brief spike.
Juice and Thruster are leading the way in TVL with $400M+ each, but 7 protocols now have 9-figure TVL on Blast and Wasabi is trying to make it 8 (hit $90M over the weekend).
Now a bit more on the tokens and protocols.
Fantasy Top Week 3 Begins
Fantasy Top had a bumpy weekend.
Main Tournament 2 ended and the team announced the introduction of 4 league to split up players (to make competitions more fair).
And even though most seemed happy with the prizes from Tourney 2, floors dumped after unlock.
It seems after each tourney a percent of players are quitting and exiting.
We will see if they come back with the new leagues and perhaps after the next Blast Gold allotment.
As for this week, the Common 20-Star tourney ends today, the Rare Tourney just started yesterday and the 15-Star Common Tourney kicks off Weds afternoon.
Wolf Game Moves to Blast
Arguably the biggest story in NFTs right now is Wolf Game.
The team has re-sparked major interest in its game after opening a bridge to Blast.
- They've seen 20,000 Blast Sheep minted in their free mint open to holders of various Blast and ETH NFT communities.
- The bWOOL token is up 100% to $20M mc
Many are speculating that Pacman will reward this team for making the move, with a big Blast Gold allotment, a Jackpot hit (or maybe both).
With the new Cave Game to begin soon, expect big attention on this eco this week.
$PEW Sees $10M in Deposits
The wildest story from the weekend may be from $PEW.
The team opened a presale on Friday and it was quickly oversubscribed - by 17x.
They received $10M+ before closing it and have since distributed the tokens (with a ~90% refund).
The team also appears to be copying the Pacmoon playbook, by offering 500k $PEW to the best Twitter content.
This has quickly become the token to watch on Blast when it goes live for trading.
Notis on.
Conclusion
Blast traders are hungry for tokens and NFTs.
Most that have launched to date have been vaporware.
Pacman needs tokens and NFTs for his L2 ecosystem to thrive and boom.
It's not hard for one to reach the conclusion that NFTs (like Wolf game) and tokens (like PEW) will be rewarded in this ecosystem.
And if they are, it could be a strong launch pad for growth.
It's going to be a big week on Blast - time to pay attention if you aren't already.
🚚 What else is happening in NFTs?
Here is the list of other notable headlines from the day in NFTs:
- ETH led NFT trading volume with $4.6M on the day (-5%); BTC was next with $3.5M (-4%) and then Polygon with $1.8M (+45%)
- BTC NFT leaders dipped over the weekend on lower volume; Puppets at 0.175 BTC, NodeMonkes at 0.275, OMB at 0.32 and Quantum Cats at 0.33
- ETH NFT leaders were mostly red down 3-4%; BAYC +1% to 13.43 ETH, Pudgy -4% to 11.45, Azuki -4% to 5, DeGods -3% to 1.75
- Nina's Super Cool World was the top performer, jumping 90% to 0.015 ETH; Wolf Game & VeeFriends also jumped 23% and 13%
- Solana NFTs mostly chopped over the weekend; Mad Lads at 61 SOL, Tensorians -3% at 12; DeGods -2% to 30, and SMB Gen 2 -1% at 32
- Blast NFTs were mostly green on Sunday; Apollo (+2%), Plutocats (+5%) and Blastopians (-1%) led volume
- Pudgy Toys are now available in Australian retailer, Big W
- Wolf Game formally launched its Blast migration with a bridge for $WOOL as well as its NFTs, along with a free mint for several communities
- Memeland introduced its next Stakeland project as $MON, the Pixelmon token
- Pons announced a Hikeshi Manga BTC mint happening today (0.0057 BTC)
💰 Token, Airdrop & Protocol Tracker
Here's a rundown of major token or airdrop news from the day:
- The $PEW presale on Blast ended on Friday 17x over-subscribed with over $10M raised; the token claim is live and will be available for trading soon, and the team is now running a social campaign with airdrop rewards
- $OLE hit a 10% Blast Jackpot last night returning 228k Gold to holders ($1.4M), though the token fell 22% after
- Friend Tech meme clubs Hog McCrankerson and Shitcoin Summer continued to pump, with Hog running to 809 FRIEND ($4.1M mc) and Shitcoin at 330 FRIEND ($1.08M)
- Wasabi began offering 40% APR on its wUSDB vault along with Gold incentives (now down to 22%)
- Etherfi announced a partnership with Ethena where USD depositors can earn share of 500k ENA tokens
🌎 Around Crypto and Web3
A few other Crypto and Web3 headlines that caught my eye:
- Crypto majors are mixed this morning ahead of the week; BTC even at $67,100; ETH even at $3,100, SOL +3% at $178
- Memecoin majors were mixed with DOGE -1%, WIF +7%, PEPE even, BONK -9%; ZACK, MAGE, GME outperform
- BTC ETF inflows for last week tallied $950M including 3 straight days of inflows from GBTC
- The Pump dot fun exploiter was arrested in London on Sunday
- Hugo Boss & Imaginary Ones teamed up for Roblox wearables
🚀 Memecoin Movers
- $ZACK (+150%, $40M market cap, Solana)
- $MAGA (+120%, $45M market cap, ETH)
- $BUILD (+40%, $33M market cap, Base)
- $GME (+38%, $48M market cap, Solana)
- $SLOTH (+32%, $102M market cap, Solana)
📈 NFT Floor Price Increase (ETH)
- Super Cool World (90%, 0.15 ETH Floor)
- Wolf Game (25%, 0.24 ETH)
- VeeFriends (13%, 1.02 ETH)
- Early Retired Cats (11%, 0.33 ETH)
- CyberKongz (10%, 0.84 ETH)
🗓 Upcoming NFT Mints and Reveals
Today is a busier day of mints and events to start the week.
Pons is doing his first Ordinals mint with Hikeshi for Hikeshi Spirits, a Manga collection minting for 0.0057 BTC.
Absolutely Wrong is the meme card artist, and there are a handful of new mints on Blast today.
Fantasy Top's Common Only tourney ends today at 2 pm ET as well, likely to impact that market after unlock.
See the full list and dive in for more details with Swizzy's daily mint monitor.
- Hikeshi Spirits (8:00 a.m. ET)
- Memes by 6529 (11:00 a.m. ET)
- Fantasy Top - Common Tourney ends (2:00 p.m. ET)
- Blast Punks (3:00 p.m. ET)
- Gold Farmers (5:00 p.m. ET)
Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @tyler_did_it or reach out via email to tyler.warner@luckytrader.com.
