NFT Market Update - 9th September, 2022

Solana flips OpenSea - the number of daily traders on Magic Eden surpassed OpenSea. There were 312k new Solana NFTs minted which is a 2x from the previous daily ATH of 146k (June 10, 2022).

Crypto degens wasted no time after the passing of Queen Elizabeth II, flooding the crypto market with more than 40 new Queen-related meme tokens, and hundreds of new NFTs. Queen Elizabeth Inu token on PancakeSwap pumped an eye-watering 28,506%.

Magic Eden continues to rapidly develop new functionality after announcing its new allowlist feature. The tool allows creators to generate allowlists for free and collect wallet addresses based on customizable criteria.

The White House announced cryptocurrency mining like Bitcoin must be more climate friendly or could face being banned.