Floors Follow ETH
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Sponsor: Frax — Fraxtal Ecosystem: Where DeFi Meets AI.
ETH surged 28% on the week, its best 7-day performance in years.
During this span, the floors of popular Ethereum NFTs like CryptoPunks, Pudgy Penguins, and Azuki each pumped ~30% in USD terms, yet remained flat in ETH terms—between -1% and +2% respectively.
In other words? ETH did the heavy lifting this week, and it gusted strength into many other ether-price assets.
In contrast, when NFT floors climb in ETH, that shows ETH holders are bidding harder on NFTs than on ETH itself. That wasn't the case in recent days, as inflows went to the top coin.
The good news for the NFT ecosystem is that in prior cycles, NFTs have trailed big ETH moves by days or weeks. We could be in for a considerable rally here in short order accordingly.
Plus, NFTs can meet this momentum halfway. The space is probably just a few well-placed catalysts away from tilting back into an NFT wave the likes of which we haven't seen since 2021.
The next leg up might be pixelated...
Plus, other news this week:
📰 General news
🎨 Cryptoart
🏆 Digital collectibles
🎮 Decentralized gaming
- Cartridge added support for Discord wallet generations
- Coldlink added support for linking Roblox usernames
- Parallel Colony is ramping up its Alpha testing
- Sudoswap launched on Kamigotchi's Yominet
- Unimon minted out on Unichain
📱 Onchain social
🪙 Memes & NFTfi
- Coin This Post launched on Solana
- Flaunch released its latest platform update
- GONDI hosted a 1.15M USDC XCOPY sale
🌐 Virtual worlds
- Decentraland added a new streaming feature
- Drifters is running a 3D avatars drop next week
- Hyperfy published a thread on its architecture
- Nifty Island added support for Apechain
The Fraxtal ecosystem is expanding at lightning speed—this month’s biggest highlight is IQAI.com, the newest Agent Tokenization platform from IQ and Frax. IQ is building autonomous, intelligent, tokenized agents launching on Fraxtal in Q1. Empower onchain agents with built-in wallets, tokenized ownership, and decentralized governance—all within a fast-growing Fraxtal ecosystem.
- 🪙 Adcoins — Social Graph Ventures
- 🚢 Port City Protocols — tyson
- 📊 Abstract XP Engine — Meta
- 🔵 Base Mini Apps Guide — David Tso
- 🏰 The McMansions of the Internet — Darkstar
- 🤔 Why Do I Find Zora So Interesting? — alexander