Onchain HighlightsDEFINITION: The relative amount (share) of gas consumed by the Ethereum network by transactions interacting with non-fungible tokens. This category includes token contract standards (ERC721, ERC1155) and NFT marketplaces (OpenSea, Blur, LooksRare, Rarible, SuperRare) for trading those.
Ethereum's gas usage by NFTs has exhibited significant shifts over the past few years, mainly as different platforms have gained and lost prominence. Recent data indicates that Blur and OpenSea have consistently dominated gas consumption since early 2024.
This reflects the increasing activity on these platforms as traders and collectors continue to engage in the NFT market. In contrast, platforms like Rarible and SuperRare show relatively lower gas usage, highlighting their smaller user bases or less frequent transactions.
Ethereum: Gas Usage by NFTs: (Source: Glassnode)Historically, significant spikes in gas usage by NFT transactions correlate with broader trends in Ethereum's price movements. For instance, the surge in early 2021 coincided with a considerable bull run in the crypto market, driving more transactions and higher gas fees. As Ethereum's price stabilized in mid-2023, NFT-related gas usage also normalized, illustrating the interconnectedness of these metrics.
The current landscape suggests that while new NFT marketplaces emerge, established platforms like Blur and OpenSea maintain relative dominance, continually influencing Ethereum's overall gas consumption patterns. This dynamic plays a crucial role in understanding the operational costs and transaction efficiency of the Ethereum network.
Ethereum: Gas Usage by NFTs: (Source: Glassnode)While relative usage may be compatible with past cycles, overall NFT gas usage has plummeted since January 2023 as a percentage of overall network activity. At its peak, gas usage broke 40%, with a consistent level above 30%. Current levels are below 4%, partly due to the increasing popularity of layer-2s like Base and side chains like Polygon and an overall downtrend in the NFT market.
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Bitcoinsistemi.com is a news site, does not provide investment advice and does not recommend investing in any projects or digital assets. In this context, the content and content authors on Bitcoinsistemi.com cannot be held responsible for the investment decisions you make.
There were developments in the Bitcoin and cryptocurrency markets where volatility increased extremely due to the influence of the FED and the week closed in the red zone as a result of a sudden decline in the BTC price.
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SuperRare is a leading NFT platform, having accumulated approximately $90 million in digital art and $3 million in artist royalties to date.
What is SuperRare (RARE)?SuperRare originated from version 1.0, where the core team handpicked and approved artists to mint their works as SuperRare NFTs under a unified smart contract. SuperRare 2.0 revolutionized this by introducing web-scale curation, independent storefronts on the platform, and self-minting contracts for artists to mint, promote, and sell their works directly to collectors.
By embarking on this progressive decentralization journey, SuperRare transferred network ownership and governance to the community. SuperRare 2.0 operates as a DAO—a decentralized autonomous organization that oversees fundamental platform parameters, allocates funds from the Community Treasury, and votes on proposed improvements to the network and protocol.
SuperRare transitioned to version 2.0 by addressing three core issues:
Curation and monitoring by a single team are not conducive to a scaled art ecosystem.Artists deserve as much support as possible, but a single team cannot provide this.The NFT art ecosystem is fragmented, and there isn’t a good way to manage one’s entire collection.SuperRare resolved these issues by introducing SuperRare Spaces, independent storefronts on SuperRare that can select artists, promote sales, organize auctions, and collect commissions. Each Space can launch its branded ERC-721 token and invite artists to mint NFTs with them on a one-time or ongoing basis. This allows each Space to function as its independent crypto art gallery.
Furthermore, self-governing minting contracts enable artists to deploy a dedicated NFT minting contract and uniquely tokenize and sell their art as independent artists. Therefore, artists have another option besides joining a shared contract with other artists and can establish their independent creative platforms.
RARE Coin can be quickly and securely purchased via Binance, the world’s largest cryptocurrency trading platform by trading volume.
To purchase RARE Coin, you must first register on Binance and then deposit fiat currency. After sending a fiat currency like USD, you can proceed with buying RARE Coin in the Bitcoin (BTC) $60,983, Tether (USDT), BUSD, or Binance Coin (BNB) trading pairs where RARE is listed.
Additionally, users can place a purchase order at a lower price than the market value on Binance. For this, you need to use the Limit tab and enter the amount and price at which you want to buy.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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Dogecoin (DOGE) surged more than 8% in the last 24 hours after Elon Musk unveiled plans for a proposed “Department of Government Efficiency” (D.O.G.E),
The billionaire founder of SpaceX and Tesla, speaking at a Pennsylvania town hall, shared his vision for the department, boosting DOGE’s price to $0.1343 as of 2:40 a.m. EST, its highest level since late July, according to CoinMarketCap.
The idea for the department was originally proposed by Donald Trump, who said he would appoint Musk to lead it if he wins next month’s presidential election
Musk Outlines Plans For Proposed D.O.G.E The proposed governmental department, abbreviated D.O.G.E., will aim to optimize government spending of taxpayer money. It will also try to streamline departments that handle spending.
During the town hall, the tech mogul suggested the proposed department could operate in the same way as a company, incentivizing the department’s top performers while penalizing anyone who fails to deliver results.
as far as $DOGE betas go, i expect 'Department of Government Efficiency' (the ETH memecoin) to also catch a bid off strong Dogecoin performance
especially since Elon is literally memeing the 'Department of Government Efficiency' concept every other day
there seems to be a… https://t.co/ySDg8IsLqM pic.twitter.com/V8boPiZeAE
— Unipcs (aka 'Bonk Guy') 🎒 (@theunipcs) October 18, 2024
Only POPCAT Outperformed DOGE Dogecoin was also able to outperform almost the entire crypto market during the past 24 hours. Solana meme coin Popcat (POPCAT) was the only crypto to post a larger 24-hour gain than DOGE after its price rose over 13%.
Dogecoin extended its weekly gain, and has now surged 24% over the last 7 days.
When it comes to the rest of the crypto market, the total valuation for the digital asset sector rose just a tad. But funding for some presale cryptos is surging amid debate over whether a meme coin supercycle is beginning.
Among standout performers is Pepe Unchained (PEPU), probably the most successful ICO of the year after raising more than $20.4 million.
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The rapidly growing new social game MemeFi has gained over 50 million users across platforms and already boasts 3.4 million followers on X.
The game combines social interaction with meme-based gameplay, where players can form clans, compete with popular memes, and earn in-game credits in an immersive world.
“Go wild on a meme battle arena: battle, loot and grow immense riches,’’ says it website. ‘’Fight Till The Last One Is Standing.’’
Up until now, players have not been able to redeem their credits for physical cash. But that will change soon with the project’s upcoming token airdrop and exchange listings.
MemeFi Token To Launch On Six Leading Centralized Exchanges There have been several rumors regarding listings for MemeFi’s token. On Oct. 6, the team addressed these rumors in an X post and confirmed key details about the token distribution event.
According to the team, the game’s token will be listed on at least 6 leading centralized exchanges. The post added that there is also one pending listing. With regards to the date of the listing, the MemeFi team said that the event will be pushed back to Oct. 30 due to “a few externalities” outside of their control.
Clarity on Listings, TGE and Airdrop: All Cards on Deck 🗓
We understand your desire for transparency.
❗️Our top priority has always been to reward you in ways you deserve the most. With millions of players involved, and several examples of airdrop designs gone wrong in… pic.twitter.com/hO7LKf0SE1
— MemeFi (@memeficlub) October 6, 2024
The model to determine each user’s allocation will be “complex, weighted and non-linear,” the team said in the post. This is to ensure players’ involvement across the ecosystem is rewarded.
Any participants who acquire airdrop points by cheating the system will be disqualified. Accounts suspected to be bots will be slashed as well, the post added.
MemeFi Airdrop Criteria Leading up to the listings, the MemeFi team has recently released the airdrop criteria for both its vast Telegram user base and the project’s Web3 community. According to the team, 85% of the token’s supply will be allocated to the game’s Telegram user base, while 3% of the total tokens are reserved for the Web3 community.
Who's getting the MemeFi airdrop?
Today we're revealing the complete criteria for the MemeFi airdrop. Some of you guys have already had a peek at the draft in the chats. We've made a few revisions to the text, so worth taking another look at it again.
❕You can find the full… pic.twitter.com/awfJwaqmjY
— MemeFi (@memeficlub) October 16, 2024
Telegram user eligibility will be determined mainly by the value of all token purchases or the amount of coins held. Only users who have accumulated a minimum number of coins will be considered for the airdrop, according to the team.
Other criteria that will be used to determine how much of the airdrop each Telegram user will receive will include their participation in on-chain transactions, giveaways and whether they have a MemeFi Premium membership.
When it comes to the Web3 community, mainnet and testnet points, as well as the ownership of certain Non-Fungible Tokens (NFTs) will be used to determine each person’s share of the MemeFi airdrop.
Other factors such as whether community members hold branded ERC-404 NFTs, Website Fortune Wheel tokens, or Elite and Royal NFTS will be taken into consideration. Anyone who fulfills a Discord OG role will also be eligible.
The team added, however, that some of the criteria remains a secret in order to prevent exploitation.
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Ripple chief legal officer Stuart Alderoty says the recent filing by the US Securities and Exchange Commission (SEC) in its case against Ripple Labs does not appeal the ruling that XRP is not a security.
Alderoty’s comments follow an Oct. 16 Form C filing by the SEC with a pre-judgement statement against certain aspects of the court’s summary judgment.
Alderoty Says Court Decision Regarding XRP’s Security Status “Stands As The Law Of The Land” Ripple defense attorney James Filan shared the filing on Oct. 17. In their appeal, the SEC asks the court to review its decisions related to Ripple’s XRP sales through exchange platforms. It also requests the court to review the ruling on the personal sales executed by Ripple executives Brad Garlinghouse and Chris Larsen.
The SEC went on to argue that Larsen and Galinghouse violated securities laws by offering and selling XRP. It also said that they both “aided and abetted Ripple’s violations of those provisions.”
Alderoty responded to the SEC’s request by saying that the court’s decision regarding XRP’s security status “stands as the law of the land.” He added that the fintech firm intends to file its own Form C next week.
No surprises here — once again it’s been made clear. The Court’s ruling that “XRP is not a security” is NOT being appealed. That decision stands as the law of the land.
Stay tuned for Ripple’s Form C to be filed next week. https://t.co/m9molUGSBv
— Stuart Alderoty (@s_alderoty) October 18, 2024
SEC Ripple Case Expected To Continue Through July 2025 According to a timeline shared by Fox Business producer Eleanor Terret on X, the Ripple SEC case could carry on well into July next year. After Ripple files its own Form C next week, both the regulator and Ripple Labs will need to “agree on a briefing schedule.”
🚨NEW: Just had a great chat with @s_alderoty of @Ripple who gave me a rundown of the appeals timeline.
📌The @SECGov’s last day to file Form C (which will give some level of detail about what it plans to appeal) is tomorrow.
📌Seven days later, Ripple will file its own Form…
— Eleanor Terrett (@EleanorTerrett) October 15, 2024
Thereafter, the SEC will have up to 90 days to file its first brief according to Terrett, who cited Alderoty. She added that Alderoty believes the regulator will take advantage of this period, and try to only make its filing at the end of the 90 days. Thereafter, the full briefing process “will go through July 2025,” according to the Ripple legal chief.
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New PolitiFi coin FreeDum Fighters ($DUM) has quickly raised $100,000 in just one hour, as MAGA ($TRUMP) and $MAGA whales take notice by making a big splash in this newly launched presale.
As the U.S. election heats up and the crypto space bets big on their presidential pick through Polymarket, FreeDum Fighters takes a more lighthearted approach to patriotism, adding a bit of fun before polling day.
The project invites political junkies to side with “Magatron” or “Kamacop 9000,” two mechanized versions of the leading candidates for office.
Both crypto libs and dems can join this gamified version of the U.S. election and participate in debates, voting, and earning rewards with the project’s native token, the cross-platform accessible $DUM.
Right now, early contributors can buy $DUM for $0.00005 per token. However, the price will increase through multiple presale stages, with the next round set at $0.000075 per $DUM.
PolitiFi Is Heating Up With The U.S. Elections Nearing The PolitiFi sector within the crypto sphere is buzzing, climbing 6.26% in the past 24 hours to reach a market capitalization of $772 million.
Bettors on Polymarket are wagering $622 million on a Trump win, compared to $414 million for Harris – something that could potentially aggravate the Vice President’s Trump Derangement Syndrome, if she indeed has it. Overall trading volume in the presidential election winner market on Polymarket has surpassed $2 billion.
It’s clear that the industry is banking on a Trump victory, which has positively impacted the prices of Trump-related PolitiFi coins. For instance, $TRUMP surged by 6.72%, while $MAGA soared by 2.78% in the past day.
That said, Kamala Harris-related coins have also fared well. In the same timeframe, Kamala Harris ($HARRIS) ticked up 7.11%, and Kamala Horris ($KAMA) saw a 14.28% bump. Belatedly, the Harris camp is also signaling positive regulatory vibes for crypto, so whoever wins, digital asset investors will probably be smiling.
While this meme coin subset is making a lot of noise lately, with Election Day just two and a half weeks away, whales are also turning their attention to new coins in the industry.
One that has caught their immediate interest is FreeDum Fighters, which quickly raised $100,000 in just one hour on Thursday.
But what is it about FreeDum Fighters that has crypto’s most politically inclined investors so engaged?
Prepare For The FreeDum Fighters: Magatron Versus Kamacop FreeDum Fighters introduces Magatron and Kamacop 9000, both ready to bring the rumble to the polls.
These incarnations of Trump and Harris are rallying support from all corners of the crypto political spectrum to participate in weekly debates, mirroring the fierce campaigning leading up to Election Day in a satirical way.
Users can craft witty arguments for the “Maga Machine” or the “Hunter of Injustice” on FreeDum Fighters’ social media accounts, and the winning team scores secret airdrops of “government funds,” transforming political engagement into real profits.
MAGA fans, hippies, rednecks, and commies 🇺🇸
Freedum Fighters presale is coming!
Get ready to make promises you won't keep, 'cause $DUM is about to Make Crypto Great Again 💪 pic.twitter.com/ffJtkWzaMo
— FreeDum Fighters (@Freedum_Fighter) September 24, 2024 Additionally, the project features a voting mechanism through staking, allowing users to select their FreeDum fighter and collect a hefty staking bounty across two staking protocols.
The passionately patriotic Magatron offers an impressive 861.51% APY, while the trailblazing feminist Kamacop 9000 boasts an astounding 28,755% APY.
$DUM, the primary currency for entering the FreeDum Fighters ecosystem, powers the debate rewards and staking. This token enables users to vote, earn rewards, and engage in various activities within the project.
When users invest in the presale, they are prompted to vote (stake) their $DUM tokens for one of the candidates.
If their chosen candidate wins a debate or significant favorable events arise, they will receive airdropped rewards added to their staked balance.
Only those who have voted (staked) will qualify for these rewards.
Around 108 Billion $DUM Tokens Will Be Up For Grabs In The ICO The project’s token has a total supply of 270 billion, with 40% – or 108 billion $DUM tokens – allocated for the presale.
Twenty percent, equating to 54 billion $DUM, will go into a liquidity pool to ensure robust trading on decentralized exchanges (DEXs). An equal amount will be reserved for staking pools.
Additionally, 10% of the total supply, or 27 billion $DUM, will fund the abovementioned debate rewards, giving all participants a chance to claim a share of this pot.
The remaining 10% will cover various initiatives, including marketing strategies tied to real-world political milestones to boost the project’s visibility. According to the FreeDum Fighters’ roadmap, these efforts are set to kick off as early as Phase One.
This final allocation will also support the upcoming token listing, which is expected to follow the crowning of the new leader between Magatron and Kamacop 9000.
How To Participate In The FreeDum Fighters’ ICO Political-themed tokens are rallying this year, and $DUM is primed to ride the wave as elections continue to dominate the headlines.
The head-chopping face-offs between the two parties set the stage for some much-needed comic relief from FreeDum Fighters, with $DUM offering a playful spin on this intense showdown while appealing to both sides of the political spectrum.
Whether it’s Magatron or Kamacop 9000 that claims victory, one thing’s certain: $DUM’s price is ready to blast off to the moon.
Visit the project’s official website to join Stage One of the presale—also known as the preliminaries. Connect your wallet, and with its multichain availability, you can choose between Ethereum, Binance Smart Chain, Base, and Solana, allowing you to purchase $DUM using ETH, BSC, BASE, SOL, USDT, and USDC.
FreeDum Fighters’ smart contract is fully audited by Coinsult and SolidProof, ensuring that its code contains no critical issues.
To stay updated with the latest developments, join the community on X or Telegram. Join the showdown.
Visit FreeDum Fighters.
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SuperRare, a well-recognized NFT art marketplace, has integrated Chainlink CCIP to enhance the functionality of its native token, RARE. This strategic partnership allows for secure and seamless interchangeability within multiple chains, especially Base and Ethereum. With the help of Chainlink’s sophisticated integrations, SuperRare is establishing itself as a leading platform for secure P2P NFT exchange across various blockchains.
What is Chainlink’s CCIP? Chainlink is a decentralized oracle network whose primary purpose is to link smart contracts with real-world data and become the intermediary between blockchain-based systems and the outside world. CCIP is intended to guide global blockchain systems’ interactions to provide a harmonized approach. It makes data and tokens portable across these chains, which counters the fragmentation apparent within the crypto space.
For SuperRare, the integration of the CCIP means that the holders of RARE tokens can transact securely across multiple chains. This eliminates the need for traditional bridges, which most of the time have been vulnerable to various security threats, and makes it easier for the users to transfer assets between ecosystems.
SuperRare’s Vision: Expanding the Reach of Digital Art SuperRare is one of the leading platforms for buying and selling digital art since it provides artists with the means through which they can turn their work into collectibles and tokenize them into NFTs. According to SuperRare, by integrating chainlink CCIP, more people can use art, and it can be safe in every blockchain network. The platform’s native token known as RARE, is directly aligned with this vision since it makes users part of the voting process with regard to the curation of the marketplace on the platform.
By using the CCIP from Chainlink, RARE token holders are now able to transfer their assets between the Base and Ethereum networks safely. Effectively, this capability not only increases the RARE token fluidity but also enables users to apply the token in a broader range of DeFi applications.
Benefits of the Integration: What It Means for Users The partnership between SuperRare and Chainlink brings several benefits to the NFT and DeFi communities:
With Chainlink’s secure oracles and CCIP, SuperRare can now offer its users a safer method to transfer tokens across chains that do not include the risks of bridges. Through integration, the RARE token could work across different blockchains, enabling more flexibility for its users. With this partnership, RARE token holders can now utilize it for more services in the DeFi space and across different blockchains, including providing liquidity, staking, and yield farming. Chainlink’s Growing Influence in the Blockchain Space Chainlink CCIP protocol is a significant step toward solving one of the industry’s biggest challenges: interoperability. Chainlink allows the chains to interact securely across the systems which will make the environment unified in the future.
The fact that SuperRare has integrated Chainlink’s CCIP proves that compatibility is crucial to NFT marketplaces. It also emphasises the ongoing increase of NFT market places that target to integrate with multiple blockchains for a better decentralised future of art.
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With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
SuperRare (RARE) has surged roughly 50% in the last 24 hours, reaching its highest price levels in nearly two months. This sharp rally has pushed its Relative Strength Index (RSI) into overbought territory for the first time since November 2024, signaling extreme bullish momentum.
Additionally, RARE has broken above the Ichimoku Cloud, suggesting a potential shift in market sentiment. With no major catalysts behind the move, traders are closely watching key support levels in case a sharp correction follows.
RARE RSI Reached Overbought Levels For The First Time In MonthsSuperRare has seen a sharp spike in its Relative Strength Index (RSI), jumping from 35.8 yesterday to 81.2 today, alongside the strong price surge.
This rapid increase reflects intense buying pressure, pushing RARE from near-oversold levels into overbought territory.
Such a move signals heightened bullish momentum, but it also raises questions about whether the rally can be sustained or if a pullback is imminent.
RARE RSI. Source: TradingView.RSI is a momentum indicator that measures the speed of price changes on a scale from 0 to 100. Readings below 30 indicate oversold conditions, while levels above 70 suggest an asset may be overbought.
With RARE’s RSI now at 81.2, it has reached overbought territory for the first time since November 2024, marking its highest level in seven months.
This could indicate exhaustion in buying pressure, increasing the likelihood of consolidation or a correction unless demand remains strong enough to sustain further gains.
SuperRare Ichimoku Cloud Shows Momentum Could Change SoonSuperRare has made a strong breakout above the Ichimoku Cloud, signaling a shift in trend momentum.
After consolidating below the cloud for several days, the price surged, pushing well above the red resistance zone. The breakout was accompanied by strong bullish candles, confirming the strength of the move.
Additionally, the Tenkan-sen (red line) has turned upward, aligning with the bullish trend.
RARE Ichimoku Cloud. Source: TradingView.In Ichimoku analysis, the cloud (Kumo) acts as a support or resistance zone, with a breakout above it suggesting a potential trend reversal to the upside.
The fact that RARE has now cleared the cloud with strong momentum indicates buyers are in control. This is the first time in several months that RARE has established itself decisively above the cloud, suggesting a shift in market sentiment.
However, with the cloud still flat ahead, traders will watch whether the price can sustain above it or if a retest of the breakout level occurs.
RARE Could Strongly Correct SoonSuperRare price is approaching a potential golden cross formation, where the shorter-term EMA could cross above the longer-term EMA, signaling a bullish trend shift.
If this crossover occurs, it could trigger further upward momentum, potentially pushing RARE toward the $0.10 level for the first time since mid-January.
The EMAs are gradually aligning for this setup, and if buying pressure remains strong, RARE could extend its rally as traders react to the bullish signal.
RARE Price Analysis. Source: TradingView.However, no fundamental catalysts or major developments appear to have contributed to this recent surge, raising concerns about its sustainability.
If momentum fades and a correction begins, RARE could first test support at $0.062.
A breakdown below that level would open the door for a deeper decline toward $0.052 or even $0.046, representing a potential correction of over 50% from its recent highs.
In This Article SuperRare (RARE) Outperforming The Marke,t Giving Hope To Lagging NFT SectorWhy Is RARE Pumping? Bullish Catalysts On The HorizonBONUS: Mind Of Pepe (MIND) Surpasses $7.2m In Presale Funding: Could MIND Be The Saviour Of The AI Sector? NFT platform SuperRare (RARE) is quietly outperforming the rest of the crypto market, up more than 20% on the last day alone. These impressive gains come as Ethereum (ETH) slides a further 8% daily, taking it below $2,000 for the first time since November 2023.
Per CoinGecko, RARE is trading for around $0.12 and has a market cap of $98 million. The surge in price has caused a spike in trading volume; in the last 24 hours, RARE has processed over $800 million in volume.
(@Moon_Whales_)
SuperRare (RARE) Outperforming The Marke,t Giving Hope To Lagging NFT Sector The performance of RARE in the past 30 days indicates a growing activity in the NFT space and a boost to digital art platforms like SuperRare.
RARE has been tearing up while Bitcoin (BTC) and Ethereum (ETH) continue to tank, hitting $80,000 and $1,900, respectively. CoinGecko data shows it has risen by 67% in the past 30 days, 140% in the past 7 days, and nearly 25% in the last 24 hours.
This impressive price action from RARE still drops into the ocean when zooming out. For RARE to return to its all-time high in 2021, it would have to increase a further 20-30x from here. If the NFT space recovers, RARE is perfectly placed as a blue-chip investment within the sector.
Market investors are seemingly exhausted with tokens due to continued underperformance in what is supposed to be a bull market. This exhaustion could be part of the reason that there is renewed attention on projects related to digital art.
With the SuperRare platform seeing an uptick in activity, it is no surprise that its governance token, RARE, has spiked in price. Holders of RARE are effectively stakeholders within that SuperRare platform, essentially it is like owning a stake in a physical art gallery.
As SuperRare operates as a decentralized autonomous organization (DAO), RARE holders have an active say in the platform’s future. According to its website, “token holders will have the opportunity to guide the evolution of these necessary developments in a transparent, democratized manner.”
DISCOVER: 9+ Best High-Risk, High–Reward Crypto to Buy in March 2025
Why Is RARE Pumping? Bullish Catalysts On The Horizon
(@MaxanceRol)
Aside from a general shift toward the NFT sector, SuperRare has a few reasons why its token outperforms most of the market.
In less than a month, on April 3rd, SuperRare will inaugurate its own art gallery in New York City. It made the announcement during its live event in Paris at the end of February.
SuperRare also recently introduced ‘Daily Rare’, a daily auction on its platform highlighting a unique digital art every day at 12:00 PM ET.
The Daily Rare initiative has been a huge hit thus far. It offers a daily auction for unique digital artwork selected from the best 1/1 creations. The auction starts every day at 12:00 PM ET, providing collectors with the opportunity to acquire exclusive works.
Innovation doesn’t stop here for SuperRare. To meet the growing demands of fervent collectors, SuperRare will soon offer a private sales service and art consultancy.
These services will offer personalized assistance in selecting and acquiring digital art pieces, facilitating private transactions and providing expert consultations.
With the introduction of the Daily Rare daily auctions, the expansion into physical galleries, and the upcoming offering of personalized services, SuperRare continues to lead the way in the NFT space.
BONUS: Mind Of Pepe (MIND) Surpasses $7.2m In Presale Funding: Could MIND Be The Saviour Of The AI Sector?
The AI sector is seemingly biding its time before it bounces back with a pop. While there are some doomers calling the AI space dead, there is no way that blue-chip AI projects won’t explode once market sentiment turns bullish again.
What is more likely is that the AI space has grown stale, with many cut-and-paste projects that lack true innovation. This is where Mind Of Pepe (MIND) enters the chat. This hot new AI agent is taking the market by storm and has been experiencing healthy daily funding even amid a bloody crypto market.
MIND is hitting the market when market conditions offer investors a lottery ticket for true blue-chip projects. This new AI agent technology analyzes market sentiment and uncovers valuable insights that are paywalled for MIND holders.
Using cutting-edge AI technology, MIND Of Pepe can identify and create opportunities by tracking trends and helping investors navigate the market more easily.
Unlike conventional trading tools, MIND Of Pepe is powered by the latest AI learning models and continuously improves through autonomous intelligence, giving its holders an edge over the market.
Join the MIND of Pepe community on X and Telegram to stay updated.
Remember, there are approximately 12 hours until the $MIND price increases, so don’t wait too long to explore MIND of Pepe.
Visit The MIND Of Pepe Presale Website Today
Explore: Is Bitcoin Preparing For Another Dip, This Time To $70,000? This Whale Is Heavily Short
Join The 99Bitcoins News Discord Here For The Latest Market Updates
SuperRare (RARE) Has Pumped 20% Over The Last 24 Hours RARE continues to surge while the wider crypto market bleeds SuperRare uptick in activity showing signs of life for the NFT sector Addition of physical New York gallery plus upcoming private sales and art consultancy services reasons behind RARE price action Mind Of Pepe (MIND) hits $7.2m in presale funding as investors seek blue-chip AI projects during this bloody market #Presales
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Last updated:
July 28, 2025
The NFT marketplace SuperRare’s RareStakingV1 contract was exploited, allowing attackers to drain 11.9M RARE tokens.
Importantly, the vulnerability did not compromise the underlying $RARE token contract or its core functionalities. SuperRare’s exploited RareStakingV1 contract was part of the platform’s staking and curation initiative launched in August 2023.
The Rare Protocol was introduced as a solution to a persistent problem in the NFT space: quality curation and creator discovery. Through its Curation Staking mechanism, participants use the native $RARE token to stake on artists, join their Community Pools, and receive rewards when those artists make sales.
SuperRare Staking Contract Exploit Origin: Faulty Permission Check in updateMerkleRootAccording to the alert from Web3 security firm Blockaid and threat intelligence platform MistEye, the exploit stemmed from a flawed permission check in the “updateMerkleRoot” function within the RareStakingV1 contract.
🚨 Our real-time exploit detection systems had identified malicious transactions targeting one of the staking contracts used by @SuperRare
The attacker had deployed an exploit contract – but the actual attack was performed by a frontrunner one block later.
Updates in 🧵 pic.twitter.com/WzqePDzbhJ
— Blockaid (@blockaid_) July 28, 2025 The function was designed to restrict updates to the Merkle Root, which verifies staking and rewards claims. However, the code failed to enforce this, letting anyone modify the Merkle Root and claim tokens.
🚨SlowMist TI Alert🚨
MistEye detected that @SuperRare has been exploited. The root cause for this exploit was an incorrect permission check in the updateMerkleRoot function, allowing anyone to modify the Merkle Root and claim tokens.
As always, stay vigilant!… pic.twitter.com/n5J0o6hqgq
— SlowMist (@SlowMist_Team) July 28, 2025 As a result, any address could pass verification and make unauthorized claims.
Blockaid reported that the exploit unfolded in two steps: first, the attacker deployed an exploit contract. Before the attacker could execute their exploit, another address observed the pending transaction and front-ran it in the following block, successfully draining the funds. Cyvers confirmed this front-running event and traced the original attacker’s funding to Tornado Cash about 186 days earlier.
🚨ALERT🚨Our system has detected a malicious transaction targeting a @SuperRare staking contract.
The attacker’s address, funded via @TornadoCash approximately 186 days ago, executed the exploit and gained 731K worth of $RARE.
The stolen funds currently remain in the attacker’s… pic.twitter.com/9CZ6IG4b4B
— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) July 28, 2025 However, further research revealed that the attacker might be “an active DeFi farmer,” as the address has interacted with several platforms, including Pendle, Uniswap, Odos, Reservoir, and Morpho.
Notably, the funds, valued at approximately $731,000, remain in the attacker’s contract and have not been moved or laundered through exchanges or mixing services.
As of now, SuperRare has not released a post-mortem or detailed remediation plan.
First Exploit After NFT Market Roars Back with $1B RevivalThis exploit comes as the NFT sector begins to show signs of resurgence. After a long market slump, the NFT space added over $1 billion in value in just 24 hours, with trading volumes soaring 287% to $37.4 million.
This resurgence is closely tied to Ethereum’s ongoing rally, with ETH gaining 55% over the past month and momentarily hitting $3,814, its highest price since December 2024. Because many NFTs are priced in ETH, its bullish momentum has revitalized buyer interest and driven up floor prices across top collections.
CryptoPunks and Pudgy Penguins have emerged as frontrunners in this recovery. CryptoPunks saw a 16% rise in floor price to 47.5 ETH (approximately $179,000), generating $14 million in sales over 24 hours. Pudgy Penguins followed closely, pulling in $5.7 million in daily trading volume and a 15% increase in floor price.
A critical bug in the SuperRare staking contract allowed an attacker to drain $730,000 in RARE tokens.
Summary
SuperRare lost $730,000 to a hack. Attackers targeted its staking contract. Critical bug enabled anyone to take ownership. Crypto hacks continue to plague crypto protocols. On Monday, July 28, a critical vulnerability on the NFT platform SuperRare (RARE) enabled attackers to steal an estimated $730,000 in RARE tokens. According to several crypto security platforms, including Blockaid, the attackers targeted one of SuperRare’s staking contracts.
In particular, attackers targeted the RareStakingV1 staking contract, which suffered from a critical vulnerability in its code. Subsequent analysts showed that the RareStakingV1 contract had a bug that enabled anyone to pass the verification and take over the contract.
X post by Raz Niv, co-founder and CTO of Blockaid, explaining the SuperRare hack | Source: X After the attackers managed to take control of the smart contract, they transferred the assets to their wallets. Still, blockchain security experts stressed that the attack only the staking contract, with the NFT marketplace and the RARE token remaining unaffected.
SuperRare token dips 6% after the hack Following the hack, the SuperRare token dipped 6%, from its daily high of $0.0617 to $0.05815. Still, the token remains above its weekly lows and is still up 13% from the month prior. This is likely due to the fact that the vulnerability affected only a small fraction of the assets on the marketplace.
Currently, RARE has a market cap of $48.01 million. According to DappRadar, the SuperRare marketplace has a lifetime volume of $249.71 million, with 6,120 individual traders. Still, volumes in the NFT marketplace took a significant dip in recent years. Over the past 30 days, the platform registered just $2,120 in sales, with the average sale falling under $450.
SuperRare's new ERC-20 tokens treat onchain market state as a creative primitive.
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SuperRare has long been a force in cryptoart. I have NFTs I collected there in January 2020 that I still hold and cherish to this day.
Yet amid the ongoing bear market, it's a good time for veteran projects to explore new approaches. For their part, SuperRare has begun leaning into networked art, beginning with Liquid Editions.
If you don't know what either of these things are, SuperRare's 124.eth wrote a good introduction last week, "A New Era of Networked Art."
In that post, he explained:
SuperRare is aiming to "deepen the experience for the collectors who are already here, and [...] lower the cultural cost of entry for everyone else."For this, the team is leaning into networked art, which "treats the network as part of the canvas [...] where participation matters, meaning can change over time, and the audience is not only viewing but also shaping the social reality around the piece."SuperRare's first rollout here will be Liquid Editions, which "treat the onchain market state as a creative primitive. Not finance for its own sake or a wrapper to pump liquidity, but a new vocabulary for participation, circulation, and collective behavior with art at the center."That explains the basics and the rationale of this vision. But we already know more about the technical details and the first drop, too.
Something entirely new is coming to @SuperRare.
Introducing Liquid Editions: a new primitive where ERC-20 tokens function as living, generative artworks.
We are proud to kick off this era with "Value Discovery" by @ripe0x.
Thursday, March 5th @ 12:00pm ET. 🧵 pic.twitter.com/zt6dSamJvn
— SuperRare (@SuperRare) March 3, 2026 Specifically, Liquid Editions will be generative artworks that use fungible ERC-20 tokens instead of NFTs as their vessels. The token's own market behavior, like trades and transfers, determines what the art looks like at any given moment.
In other words, there's no static image file underlying these tokens. Instead, a smart contract serving as an onchain renderer will read the live market state and paint the visual outputs from that.
The artwork is essentially a function of its own economic activity, recomputed continuously, always on.
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And the good news is we don't have to wait for long to see Liquid Editions in action. The first launch using this primitive, slated for March 5th at noon ET, will be Value Discovery by ripe (whom you might recognize from their recent excellent To Be a Machine drop).
As SuperRare explained: "The project explores a profound parallel: how image processing discovers 'brightness' through error, and how markets discover 'price' through disagreement."
To make that theme concrete onchain, the plan for Thursday is that ripe will launch two liquidity pools, each with distinct fee tiers, for one token.
That fee disparity creates a persistent price spread between the two pools, and the onchain renderer reads that spread as its input to create a degraded, shifting dollar bill image.
Now, it's true we've already seen fungible art experiments before like DN-404 hybrid NFT + ERC-20 combos, fxhash Art Coins, Zora content coins, etc.
But in each of these cases, there's some element of abstraction or separation. DN-404 coins run in parallel to their NFT counterparts, Art Coins complement and evolve their collections, and content coins are tied to external media.
There's nothing wrong with any of these things. In fact, fxhash's Art Coins are quite innovative. But what I find interesting about Liquid Editions is that the coins are the thing.
They aren't counterparts, or divisible complements, or representative of anything outside of themselves. They are the art, or in the very least, an indivisible part of the art.
Whether it's NFTs or ERC-20s, I think ownable programmable art like this that is always generated in real-time and can always be interacted with and participated in represents a new medium in the art world and the future of art in the Ethereum ecosystem.
Plus, ripe is a superb onchain artist and a fine pick to usher in this new Liquid Editions era for SuperRare. Keep your eyes peeled for the drop on Thursday if you're curious.
SuperRare has launched Liquid Editions, generative art that adapts in real-time to market dynamics.
NFT marketplace SuperRare has launched Liquid Editions, which are ERC-20 tokens with embedded liquidity pools, enabling artworks to evolve based on live market data.
The debut piece by artist Ripe visualizes the friction and discovery of value in real-time, offering collectors a dynamic experience tied to market conditions. This new medium allows artists to use on-chain data, such as price and depth, as creative inputs, introducing a novel way for art to interact with the financial ecosystem.
Liquid Editions are designed to integrate with SuperRare's existing "Cultural Liquidity Stack," which includes 1/1 artworks and community-focused ERC-1155 tokens.
A unique aspect of Liquid Editions is the ability for artists to issue companion ERC-721 NFTs, serving as distinctive visual “lenses” over a shared market state. This feature allows artworks to morph in real time, responding to collectors' trading activity.
As the digital art world evolves, SuperRare's Liquid Editions are a novel way to integrate real-time financial data into the creative process, offering a glimpse into the future of art in the blockchain era.
This article was generated with the assistance of AI workflows.
NFT collection, Guild of Guardians, remains the leader of the NFT market in terms of the weekly volume of sales, collecting an impressive amount of $18.93 million. Nevertheless, this is a massive reduction of 20.80% in comparison to last week.
Even with the loss, the NFT project based on the game maintains a comfortable position, having more than 2282 buyers and 3868 purchases. This strength when volume declines, shows that it has an underlying strong base of users, though market fatigue could be approaching.
Courtyard and DMarket See Steady Gains Second in rank is Courtyard which boasts of a week of sales of $17.53 million and an excellent 11.67 percent increase during the current week.
With more than 18,743 buyers and a staggering 104,686 transactions, Courtyard seems to gather speed, possibly because of heightened utility or new NFT releases.
DMarket, in the meantime, holds the 3rd place with the weekly sales worth of $9.03 million and a rather modest growth of 1.04 percent.
But it tops the charts in terms of user activity, signing up a towering 19,591 buyers and a massive 287,460 trades, which underscores its wide popular audience and subsequent trading habits.
Gods Unchained Surges with Over 31% Growth Gods Unchained experienced the largest increase in the velocity of the top-line collections, jumping 31.10 percent to total $6.63 million in sales. Although the number of buyers is average at 698, this trading card game is gaining popularity, effectively due to new gameplay mechanics or community rewards.
The collection has risen through the charts by 1,248 transactions, indicating a possible explosion of potential within the NFT-gaming niche.
Panini and SuperRare Stun with Triple-Digit Growth This week the largest surprises occurred with Panini and SuperRare. Panini NFTs posted an impressive 671.03 percent gain, having netted $1.85 million in sales through just 880 buyers and 25,295 transactions.
SuperRare was the most impressive on the list as its sales surged by an astonishing 2,675 percent to $1.25 million. Although only 19 buyers were involved in 60 sales, the rise hints at a number of high-ticket sales or the emergence of a new drop to appeal to high-net-worth collectors.
The DogeZuki, meme-based NFT project, also posted a 13.75 percent increase up to 1.35 million weekly volume. DogeZuki has the largest number of buyers of any collection (23,447) and 25,418 sales, demonstrating that meme coins and their NFT equivalents still exercise control over retail investors.
Established Collections Struggle as Market Rotates Unlike emerging stars, some of the most iconic collections in the market crashed. The CryptoPunks fell by 9.69 percent to $2.88 million with just 13 buyers exchanging 22 sales.
Bored Ape Yacht Club (BAYC) did not perform better, declining by 39.26 percent to only $938.89K traded by 23 buyers and 30 sales.
Milady Maker also dropped 9.55% to make a total of 874.33K with 55 buyers. By far the largest downward adjustment was to Pudgy Penguins which fell by a margin of 47.32 per cent to rest at 871.36K.
Mutant Ape Yacht Club was humbly resilient, with a rise of 3.35% to 808.41K to remain within the top 12 by volume, with 178 sales.
AUTHOR
With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
Risk Disclosure: Guides, news, articles and analyzes on Bitcoinsistemi.com do not constitute investment advice. Keeping in mind that Bitcoin and cryptocurrencies are high-risk products, you should do your own research for each investment decision. Otherwise, you may come to the point of losing your entire investment. In this context, you should know that you are responsible for the losses that may arise from all your transfers and transactions.
Bitcoinsistemi.com is a news site, does not provide investment advice and does not recommend investing in any projects or digital assets. In this context, the content and content authors on Bitcoinsistemi.com cannot be held responsible for the investment decisions you make.
Risk Disclosure: Guides, news, articles and analyzes on Bitcoinsistemi.com do not constitute investment advice. Keeping in mind that Bitcoin and cryptocurrencies are high-risk products, you should do your own research for each investment decision. Otherwise, you may come to the point of losing your entire investment. In this context, you should know that you are responsible for the losses that may arise from all your transfers and transactions.
Bitcoinsistemi.com is a news site, does not provide investment advice and does not recommend investing in any projects or digital assets. In this context, the content and content authors on Bitcoinsistemi.com cannot be held responsible for the investment decisions you make.
