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. 


© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

Editor

To contact the editor of this story:
Nathan Crooks at
[email protected]

WHO WE ARE

The Block is a news provider that strives to be the first and final word on digital assets news, research, and data.

+ Follow us on Google News
Connect with the block on