DeGods trading volume spiked 530% following y00ts migration announcement
Quick Take
- The popular NFT project DeGods saw a five-fold increase in trading volume last week.
- On Aug. 10, DeGods revealed its third “season,” and its founder said sister project y00ts will migrate to Ethereum.
The popular NFT project DeGods saw trading volume increase five-fold last week to $16.1 million from nearly $2.6 million in the previous week, according to The Block's Data Dashboard.
The floor price of a DeGods NFT now sits at 7.1 ETH (over $13,000), according to the NFT marketplace OpenSea.
y00ts moves to Ethereum
The surge is likely due to two major announcements for DeGods, which both came on August 10.
The first is the decision to bring DeGods' sister project y00ts onto Ethereum, with the founder known as Frank saying the migration will unite the DeGods and y00ts communities. DeGods transitioned to Ethereum from Solana in April.
The second is the forthcoming "DeGods Season III" drop, which will include female avatars, omitted traits and an additional 20,000 new pieces of art to the collection using generative creation.
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