Revival of NFTs? 🖼️

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Logo](~/AAQRxQA~/RgRosD-VP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPTR2cWt4d3Yzd3FibVcDc3BjQgpmu5W6zWbGL0JLUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 27 Aug 2024 11:35 UTC NFT bagholders are finally seeing a glimmer of hope. After a long and dreary NFT winter, things seem to be looking up. Leading blockchains like Ethereum, Solana and Polygon are seeing more sales. Unfortunately, the overall value of trades are still on a downtrend. Are we witnessing the first sparks of an NFT resurgence? Let’s find out in today’s newsletter! Here’s a TLDR of today’s top stories: - Bitcoin struggles to maintain momentum, with analysts warning of potential short-term corrections. [How has BTC reacted?](~/AAQRxQA~/RgRosD-VP0R6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1zdGFnbmF0ZXMtYXMtYW5hbHlzdHMtd2Fybi1vZi1pbW1pbmVudC1wcmljZS1jb3JyZWN0aW9uP2xpZD1kbTZ2c28yMGxuenZXA3NwY0IKZruVus1mxi9CS1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) 📉 - PayPal USD’s growth highlights growing interest in regulated digital currencies. [What milestone did PYUSD achieve?](~/AAQRxQA~/RgRosD-VP0R7aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvcGF5cGFscy1zdGFibGVjb2luLXB5dXNkLXN1cnBhc3Nlcy1kb2xsYXIxLWJpbGxpb24taW4tbWFya2V0LWNhcD9saWQ9Y3M1OHAzaHB3eG1oVwNzcGNCCma7lbrNZsYvQktSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) 💵 - EigenDA enhances security for layer-2 networks with native token restaking, boosting potential yield for token holders. [What does this mean for L2s?](~/AAQRxQA~/RgRosD-VP0SIaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZWlnZW5sYXllcnMtZWlnZW5kYS1leHBhbmRzLXN1cHBvcnQtZm9yLW5hdGl2ZS10b2tlbi1yZXN0YWtpbmctaW4tbDItbmV0d29ya3M_bGlkPThjbDcxdWRvaXY0eFcDc3BjQgpmu5W6zWbGL0JLUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) 🔐 - NFT sales rebound on major blockchains, with Polygon leading the charge. [Is the NFT due for a rebound?](~/AAQRxQA~/RgRosD-VP0R5aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvbmZ0LXNhbGVzLXJlYm91bmQtb24tbWFqb3ItYmxvY2tjaGFpbnMtYWZ0ZXItcHJvbG9uZ2VkLWRlY2xpbmU_bGlkPWYydTAzNGswbGVqMFcDc3BjQgpmu5W6zWbGL0JLUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) 🎨 - Ethereum co-founder Vitalik Buterin sparks debate by questioning DeFi's long-term viability. [What did Buterin say?](~/AAQRxQA~/RgRosD-VP0SSaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdml0YWxpay1idXRlcmluLXF1ZXN0aW9ucy1kZWZpcy1sb25nLXRlcm0tdmlhYmlsaXR5LXNwYXJrcy1kZWJhdGUtaW4tZXRoZXJldW0tY29tbXVuaXR5P2xpZD1yNDg3ZHU0bDlqdWtXA3NwY0IKZruVus1mxi9CS1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) 🤔 Let’s dive in after the market overview! MARKET OVERVIEW GLOBAL MARKET CAP $2.19T ▼2.76% (24h) 24H MARKET VOLUME $67.46B ▲26.88% (24h) BITCOIN’S DOMINANCE 56.44% ▲0.23% (24h) FEAR & GREED INDEX 54 Neutral [Bitcoin] Bitcoin $62,490.76 ▼2.35% (24h) [Ethereum] Ethereum $2,634.68 ▼4.07% (24h) [BNB] BNB $552.41 ▼2.45% (24h) [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRosD-VP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPXk0MWlhOXVkNWlyMlcDc3BjQgpmu5W6zWbGL0JLUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRosD-VP0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9MnpkcXh4czF5bTVhVwNzcGNCCma7lbrNZsYvQktSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRosD-VP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD01YWxrdWhsbW5qMDRXA3NwY0IKZruVus1mxi9CS1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRosD-VP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPXh0Y2p3OHlhdGdybVcDc3BjQgpmu5W6zWbGL0JLUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) TOP GAINERS 24H% [White Yorkshire] [White Yorkshire](~/AAQRxQA~/RgRosD-VP0Q1aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3doaXRlLXlvcmtzaGlyZS9XA3NwY0IKZruVus1mxi9CS1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▲3832.66% [UE Coin] [UE Coin](~/AAQRxQA~/RgRosD-VP0QtaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3VlLWNvaW4vVwNzcGNCCma7lbrNZsYvQktSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲853.85% [TON Token] [TON Token](~/AAQRxQA~/RgRosD-VP0QuaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3RvbnRva2VuL1cDc3BjQgpmu5W6zWbGL0JLUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲496.79% TOP LOSERS 24H% [BSC Layer] [BSC Layer](~/AAQRxQA~/RgRosD-VP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2JzYy1sYXllci9XA3NwY0IKZruVus1mxi9CS1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▼99.82% [NOT] [NOT](~/AAQRxQA~/RgRosD-VP0QpaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL25vdC9XA3NwY0IKZruVus1mxi9CS1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▼99.47% [FLAKY] [FLAKY](~/AAQRxQA~/RgRosD-VP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2ZsYWt5L1cDc3BjQgpmu5W6zWbGL0JLUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼88.94%     Bitcoin Faces Bearish Signals Bitcoin slipped 1.51% after Wall Street's open on August 26, struggling to stay above $64,000. Analysts warn of a possible short-term correction, with trading tools showing bearish shifts in liquidity. Concerns about a "Bart Simpson" pattern add to the caution. Despite positive U.S. macroeconomic developments, Bitcoin's momentum remains stifled. [What else are market analysts saying?](~/AAQRxQA~/RgRosD-VP0R6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1zdGFnbmF0ZXMtYXMtYW5hbHlzdHMtd2Fybi1vZi1pbW1pbmVudC1wcmljZS1jb3JyZWN0aW9uP2xpZD1iMnNlMG0xMjlqNHRXA3NwY0IKZruVus1mxi9CS1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   NFT Market Shows Signs of Life The NFT market is stirring from its slumber, with a surprising uptick in weekly sales volumes across major blockchains. Polygon leads the charge with a jaw-dropping 123.20% increase, while Ethereum and Solana follow suit with impressive gains. The number of NFT buyers has surged by nearly 38%, with over half a million collectors jumping back into the fray. [Are we witnessing the first sparks of an NFT renaissance?](~/AAQRxQA~/RgRosD-VP0R5aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvbmZ0LXNhbGVzLXJlYm91bmQtb24tbWFqb3ItYmxvY2tjaGFpbnMtYWZ0ZXItcHJvbG9uZ2VkLWRlY2xpbmU_bGlkPWxkZHNzN21zbmE3eVcDc3BjQgpmu5W6zWbGL0JLUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   Ethereum's Vitalik Buterin Sparks DeFi Debate Ethereum's co-founder Vitalik Buterin has stirred the DeFi pot. In a recent tweet, Buterin questioned the long-term sustainability of many DeFi projects. Buterin praised only a select few while criticizing the "2021-era liquidity farming craze." This has left many Ethereum enthusiasts scratching their heads. Synthetix founder Kain Warwick accused Buterin of trying to "meme non-DeFi things into existence." [Is Buterin onto something, or has he lost touch with the Ethereum ecosystem?](~/AAQRxQA~/RgRosD-VP0SSaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdml0YWxpay1idXRlcmluLXF1ZXN0aW9ucy1kZWZpcy1sb25nLXRlcm0tdmlhYmlsaXR5LXNwYXJrcy1kZWJhdGUtaW4tZXRoZXJldW0tY29tbXVuaXR5P2xpZD00b2N1eGhpdngxZzZXA3NwY0IKZruVus1mxi9CS1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   CMC NARRATIVES: MEME COINS Meme coin market cap drops to $37.65B from $39.78B, with daily volume steady at around $2.8B. Justin Sun launches SunPump on Tron, challenging Solana's PumpFun with a $10M incentive program. SUNDOG token on Tron surges 261% in 7 days, leading meme coin gainers. Most top meme coins show negative 7-day performance; the overall trend is bearish from the July peak. PumpFun faces declining popularity, with new address creation down 84% amid controversy... [Continue Reading.](~/AAQRxQA~/RgRosD-VP0R4aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGhpcy13ZWVrLWluLW1lbWUtY29pbnMtdHJvbnMtc3VucHVtcC1iYXR0bGVzLXNvbGFuYXMtcHVtcGZ1bj9saWQ9NmVuZmUxcGRmYXZ5VwNzcGNCCma7lbrNZsYvQktSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [CMC NARRATIVES: MEME COINS](~/AAQRxQA~/RgRosD-VP0R4aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGhpcy13ZWVrLWluLW1lbWUtY29pbnMtdHJvbnMtc3VucHVtcC1iYXR0bGVzLXNvbGFuYXMtcHVtcGZ1bj9saWQ9dHNldWRhcnBtYXBhVwNzcGNCCma7lbrNZsYvQktSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   Track larger Meme Coin trends on CMC Narratives: [Track Narrative](~/AAQRxQA~/RgRosD-VP0Q1aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS92aWV3L21lbWVzP2xpZD1nbG9vczA2Y2hpdTlXA3NwY0IKZruVus1mxi9CS1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   PayPal's PYUSD Hits $1 Billion Milestone PayPal USD (PYUSD) has surpassed $1 billion in market cap, highlighting the rising interest in regulated, dollar-backed digital currencies. Launched in 2023 and integrated with PayPal's payment systems, PYUSD is making strides in the competitive stablecoin market. Despite being overshadowed by giants like USDT and USDC, PayPal's strategic partnerships and blockchain expansions aim to boost its presence. As the digital currency landscape evolves, PayPal positions PYUSD as a crucial bridge between traditional and digital finance. [What’s the outlook for PYUSD?](~/AAQRxQA~/RgRosD-VP0R7aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvcGF5cGFscy1zdGFibGVjb2luLXB5dXNkLXN1cnBhc3Nlcy1kb2xsYXIxLWJpbGxpb24taW4tbWFya2V0LWNhcD9saWQ9M3drMHo4eWZxbXhqVwNzcGNCCma7lbrNZsYvQktSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   EigenDA Expands Support for Layer-2 Networks EigenDA, a key player in data availability, is enhancing its services by supporting native token restaking for layer-2 scaling networks. This move strengthens security and boosts potential yields for token holders. This also addresses critical challenges in data storage for Ethereum's layer-2 solutions. With nearly $12.75 billion in total value locked, EigenLayer continues to lead in providing scalable and secure data solutions. [Will Eigen maintain its lead or will other competitors like Celestia catch up?](~/AAQRxQA~/RgRosD-VP0SIaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZWlnZW5sYXllcnMtZWlnZW5kYS1leHBhbmRzLXN1cHBvcnQtZm9yLW5hdGl2ZS10b2tlbi1yZXN0YWtpbmctaW4tbDItbmV0d29ya3M_bGlkPXlidnE5NjU0bGt3NVcDc3BjQgpmu5W6zWbGL0JLUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   And that's it for today. See you tomorrow!   [Apple Store](~/AAQRxQA~/RgRosD-VP0Q6aHR0cHM6Ly9hcHBzLmFwcGxlLmNvbS9hcHAvY29pbm1hcmtldGNhcC9pZDEyODIxMDcwOTg_bHM9MVcDc3BjQgpmu5W6zWbGL0JLUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Google Play](~/AAQRxQA~/RgRosD-VP0RQaHR0cHM6Ly9wbGF5Lmdvb2dsZS5jb20vc3RvcmUvYXBwcy9kZXRhaWxzP2lkPWNvbS5jb2lubWFya2V0Y2FwLmFuZHJvaWQmaGw9ZW5fVVNXA3NwY0IKZruVus1mxi9CS1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Twitter](~/AAQRxQA~/RgRosD-VP0QyaHR0cHM6Ly90d2l0dGVyLmNvbS9Db2luTWFya2V0Q2FwP2xpZD01Mmpxc2FtMHFsNTVXA3NwY0IKZruVus1mxi9CS1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Telegram](~/AAQRxQA~/RgRosD-VP0QraHR0cHM6Ly90Lm1lL0NvaW5NYXJrZXRDYXA_bGlkPXN2Z3R4ZGNiODd1c1cDc3BjQgpmu5W6zWbGL0JLUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Facebook](~/AAQRxQA~/RgRosD-VP0Q3aHR0cHM6Ly93d3cuZmFjZWJvb2suY29tL0NvaW5NYXJrZXRDYXA_bGlkPXB0dGFreGV4OGtieFcDc3BjQgpmu5W6zWbGL0JLUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Instagram](~/AAQRxQA~/RgRosD-VP0Q5aHR0cHM6Ly93d3cuaW5zdGFncmFtLmNvbS9jb2lubWFya2V0Y2FwLz9saWQ9bTgxdWlkZmt0dm52VwNzcGNCCma7lbrNZsYvQktSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [LinkedIn](~/AAQRxQA~/RgRosD-VP0RAaHR0cHM6Ly93d3cubGlua2VkaW4uY29tL2NvbXBhbnkvY29pbm1hcmtldGNhcC8_bGlkPXpxYjlyaGI1OHRralcDc3BjQgpmu5W6zWbGL0JLUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) DISCLAIMER: Please be aware that CoinMarketCap is NOT a cryptocurrency exchange and does NOT facilitate the buying, selling, withdrawal or trading of crypto/token assets. 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