@benjamincowen When the top of the top are capitulating each other it’s a sign folks
Weather up or down I’m calling it here 😂
I guess I’ll be the one right at the end
🔥 @NeoTokyoCode Biweekly Update
🛰️ In this issue, I’ll be covering:
👉 Major Headlines
👉 Recent Top Sales
👉 Core Metrics
👉 BYTES Yield Report
👉 Floor Ratio Report
👉 News Roundup
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🗞️ MAJOR HEADLINES
💪 The first 3 S1 Identity NFT mint auctions have averaged 3125 BYTES weekly, with a resulting burn of 7.5k BYTES (80% burned, 20% to liquidity)
🇩🇪 NT Citizen meetup at Gamescom Germany was a big success; more details below
⚫️ While LP APR has dropped as expected, @BlackholeDex is still attracting impressive liquidity for BYTES on Avalanche, now at $880k
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💰 RECENT TOP SALES
🥇 Top S1 Sale:
👉 #373 @ 2.49Ξ ($11.4k)
🥈 Top S2 Sale:
👉 #5247 @ 0.79Ξ ($3.6k)
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🧮 CORE METRICS
🏙️ FLOORS
🔸S1 Elite Floor: 3.49Ξ ($16k)
🔸S1 Floor: 1.55Ξ ($7.1k)
🔹S2 Floor: 0.262Ξ ($1.2k)
🧙♂️ Writs Floor: 0.016Ξ ($75)
1️⃣ SEASON ONE
🔸Migrated Supply: 2016
🔸Non-Migrated: 102
🔸Total M+NM Supply: 2118
🔸Staked: 1490 (70.3%)
🔸Available Supply: 526 (24.8%)
🔸Listed: 65 (3.0%)
2️⃣ SEASON TWO
🔹Migrated Supply: 3575
🔹Non-Migrated: 195
🔹Total M+NM Supply: 3770
🔹Staked: 1779 (47.2%)
🔹Available Supply: 1796 (47.6%)
🔹Listed: 75 (2.0%)
💲BYTES STATS
🔹Holder Count ETH: 8651
🔺Holder Count AVAX: 758
🔹BYTES 24hr High: $2.24
🔹BYTES Market Cap: $10.9M
// {includes staked}
💧Cross-Chain Liquidity: $1.1M
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💲BYTES YIELD
🥩 Common RR2 S1 staked with 2k BYTES for 1 year is currently yielding 1.124 BYTES/day or ~34.3 BYTES/mo
🤔 Imagine: If BYTES hits $100, this yield would = $3430/mo
🧠 Remember, yield keeps going even after lock period ends as long as you don’t un-stake, so even a 1-mo or 3-mo staking period could make sense for you
📉 BYTES emissions yield is down to just 1776/day according to @0xSansSerif ’s latest report; tokenomics are creating the perfect supply shock setup for the coming alt season
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🧮 S1E/S1/S2 FLOOR RATIOS:
📊 On average, past 6 months:
👉 Elite S1 floor was 2x above S1
👉 S1 floor was 6.77x above S2
📊 Today:
👉 Elite S1 floor at 2.25x above S1
👉 S1 floor at a 5.9 x above S2
🔮 Ratio imbalance suggests S1’s are currently the best value; haven’t seen a ratio this low since Nov-2024
📊 Follow my floor ratio tracker to help spot potential bargains:
🔗 https://t.co/FROrPFBZ8J
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📡 NEWS ROUNDUP
🚏 An official @ByteStreet meeting was called for a public Discord presentation of how eligibility & distribution flow will work for the upcoming NT-native Launchpad; here’s my full recap thread:
🔗 https://t.co/FkpByRMygh
🇩🇪 Citizen Meetup event during Gamescom, Cologne, Germany, Aug. 22 was a big success, with guests attending from OpenSea, Avalanche, Gunzilla, Immutable, Mythical Games, Ubisoft, WolvesDAO, Flaw Gaming, Parallel and more; some exciting plans were discussed with most:
🔗 https://t.co/XtFboySrI1
🏪 Neo Tokyo service @ShibuyaMall has relaunched with a v2 website, now accepting BYTES as payment (with 10% burned)
🤝 Shibuya Mall partners with brands to design, produce, and deliver top-tier custom merchandise:
🔗 https://t.co/ZPY5qiswxL
📈 Citizen Partner @Kerberus, born of the Citadel, has just made a big move, acquiring Pocket Universe, their second acquisition in less than a year, expanding their security capabilities even further:
🔗 https://t.co/qi0zRiUcjM
🌐 In big news for @RengoXYZ, the “The Crypto Investor Network,” an official service of Neo Tokyo, has joined the Circle Alliance Program (yes, that USDC Circle), a global initiative uniting companies to advance stablecoin adoption and blockchain-based financial solutions:
🔗 https://t.co/XvGCW4hWuV
🚫 Not financial advice, do your own research, independently verify all information
🗼 Grand Rising