Market Surprises and NFT Action
Today's talking points:
- Rallies broke out all over the place this week: DYDX, the token for the dYdX derivatives exchanges, soared on news it was delaying unlocking more tokens until December. Likewise Optimism's OP token hit all-time highs even as activity on the network lagged.
- Aave has also been in a tear as it gears up to release its stablecoin, GHO.
- The overall market also TK (Note: let's see what happens today after GDP data is released.
- On the NFT front, Pudgy Penguins and Doodles sought out L1 alternatives to Ethereum out of wariness gas prices may rise again; this is an ongoing issue for the No. 1 NFT network.
- Soulbound tokens, long favored by Vitalik Buterin, also got a boost when Pudgy Penguins embraced them as a new offering.
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