Ripple’s RLUSD stablecoin has gained momentum in decentralized finance (DeFi), attracting significant supply to Aave’s V3 Ethereum Core market, with a notable amount in loans taken. 

Daily top performer — Sui Network (SUI)

The S&P 500 gained 1.67% on easing trade tensions and Fed reassurance, but pared gains after tariff cut hopes were downplayed. Gold fell from its $3,500 high, signaling a bearish reversal. Key support lies near $3,167, with further downside possible. The Coindesk Indices, which tracks the broader crypto market, fell 0.53%, with Bitcoin and Ether up 2.19% and 5.92%, respectively, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is SUI, up 7.3%, following OVERTAKE's partnership with Sui to build a scalable and trustless game asset trading platform.

Sui Network (SUI), founded in 2022, is a Layer 1 blockchain by Mysten Labs, built to improve web3 scalability, speed, and security. It aims to reduce smart contract latency and support innovative NFT gaming, like Sui Monstar, with a developer-friendly environment. 

, efficient game asset trading platform. Leveraging Sui’s object-centric architecture, parallel execution, zkLogin, and modular infrastructure, OVERTAKE aims to enable trustless trading, verified in-game assets, and a real, on-chain game economy.

Check out the latest prices, charts, and data of 

 has gained momentum in decentralized finance (DeFi), attracting significant supply to Aave’s V3 Ethereum Core market, with a notable amount in loans taken. Initially slow, the stablecoin's growth has accelerated after its debut on Aave. RLUSD has a market cap close to $300 million and a supply cap, with borrowing limited to a specific amount. Ripple aims for RLUSD to become a top-five stablecoin by year-end. Ripple's collaboration with Chainlink enhances RLUSD’s utility across both institutional and DeFi applications.

Yesterday, BTC spot ETFs saw $273.8M in total inflows, all from non-GBTC funds.

, with 10% of MILK’s 1B supply allocated for eligible users—mPoint holders, oolitia NFT holders, and milkINIT testers. Opt-in is required for CEX claims; wallet claims need no action. Pre-deposits close April 26, 12 PM UTC.

Beginner

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Ripple’s RLUSD stablecoin gains momentum with Aave integration and growing DeFi presence

VanEck’s BNB Spot ETF proposal could bring BNB to U.S. markets, expanding access and marking a key milestone for BNB Chain's growth in regulated finance.

After the US Securities and Exchange Commission (SEC) approved spot exchange-traded fund (ETF) products based on 

 (ETH) in 2024, a flurry of new altcoin ETF applications emerged in early 2025. Many prominent asset management firms are vying for the approval of their ETF products, based on coins like 

 (AVAX) and others. Even some smaller-cap meme coins, specifically Pudgy Penguins' 

, have joined the SEC's ETF waiting list.

Given that most top cryptos already have their ETF applications filed with the country's financial regulator, it's little surprise that BNB Chain's 

, the fifth-largest cryptocurrency by market capitalization, has joined the bandwagon. In late March 2025, the New York–based global investment management giant VanEck registered a trust entity named VanEck BNB ETF in the US state of Delaware. The registration is an early sign that the acclaimed investment manager is planning to lodge a BNB ETF application with the SEC.

If approved, it will be the first US-based BNB ETF product on the market, likely leading to significant growth within BNB Chain's already well-established ecosystem.

On Mar 31, 2025, one of the leading asset managers in the world, VanEck, registered a trust named VanEck BNB ETF in the US state of Delaware. This is the strongest imaginable indicator that the company plans to subsequently launch an application with the SEC for the ETF’s approval. If approved by the regulator, the product will be the first spot ETF in the US to track BNB coin. As of the time of this writing (Apr 23, 2025), VanEck hasn't formally applied with the SEC, but this step is likely imminent.

Following the SEC filing, BNB coin will join a long list of other leading cryptocurrencies whose spot ETF applications have been lodged with the US regulator. Over the past few months, the SEC has received spot ETF applications for Solana, 

The VanEck BNB Spot ETF will track BNB coin, allowing holders to invest in the asset without directly holding it. While BNB is among the most popular assets in the crypto market, many investors are eschewing it and other cryptocurrencies due to their unregulated nature. Upon approval, the ETF product would be available for trading on regulated stock exchanges.

The exact composition of a crypto ETF product is usually unknown before its application is filed with the SEC. Therefore, we can assume that at this stage the ETF will be based entirely upon tracking BNB coin. Any additional components, such as minor holdings of other assets such as cash equivalents, could theoretically be included, but this will only be known upon VanEck’s formal application to the SEC.

VanEck itself is among the leading ETF issuers in the finance industry and is a pioneer of crypto ETFs. The firm already offers approved 

, and has filed applications with the SEC for spot ETFs based on several other cryptocurrencies, including a 

Currently, there’s no ETF in the US based on the BNB coin. In that respect, VanEck’s registration is the first serious effort to introduce such a product. Internationally, there is one exchange-traded product (ETP) that tracks BNB — the 21Shares Binance BNB ETP (ABNB), listed on the Swiss Stock Exchange. This ETP is offered by 21Shares, a leading digital asset management firm based in Zurich, Switzerland.

. ETPs may be based on various assets, such as stocks, bonds, commodities or cryptocurrencies. However, ETFs often offer better liquidity, lower fees and greater tax efficiency than other types of ETPs.

In short, despite the presence of the ABNB ETP on the market, the BNB ETF landscape remains an empty niche, as the 21Shares product isn’t a full-fledged ETF and has no regulatory approval in the US.

Current impact of BNB ETF applications on the crypto market

VanEck’s BNB ETF application — or, to be precise, its registration in Delaware — has so far had no immediate impact on the coin’s market price. In fact, BNB coin is currently trading at $615.68, barely different from its price of $600 in the early days of April when news of the ETF’s registration first surfaced.

BNB is a major cryptocurrency featuring at least one billion dollars in daily trading volumes. The news of VanEck's initiative is unlikely to seriously affect BNB’s price. However, if the ETF ultimately gains approval from the SEC, such a development may have a significant positive impact on the crypto's future price.

What will it mean if a Spot BNB ETF application is approved?

If the SEC approves the Spot BNB ETF, it will likely lead to higher demand for BNB coin — as demand from investors for the product rises, VanEck will need to source more BNB to back its ETF shares. This increased demand would push the price of BNB higher. As noted above, BNB is one of the market's largest cryptos and features substantial trading volumes. Therefore, it's unlikely that a Spot BNB ETF would cause drastic rises in the coin’s price. However, a certain positive price effect is a safe bet, and the magnitude of the effect will be directly related to the popularity of the ETF among investors.

Additionally, the ETF will improve the visibility of the BNB ecosystem, potentially leading to more 

 (DApps) and projects launched on its blockchain.

If approved by the SEC, the Spot BNB ETF by VanEck would usher in a new era for the coin. For the first time ever, BNB as a financial asset would become available through the regulated environment of US stock exchanges. This would not only help support the coin’s price and expand the chain’s ecosystem, but would also be a major reputational gain for Binance, the world’s largest crypto exchange and the corporate entity behind BNB Chain.

Over the years, Binance has had its fair share of troubles and arguments with US regulators. A fully approved spot ETF based on Binance’s own coin would, therefore, send a signal to the crypto market that the major components of the Binance ecosystem — BNB crypto, BNB Chain’s blockchain and the Binance crypto exchange — aren’t as risky to deal with as some Americans may believe.

Intermediate

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BNB Spot ETF: A new gateway as BNB Chain evolves

In this article, we explore liquid staking protocol StakeStone's key features, the STO token launch, tokenomics and how to trade STO on Bybit.

StakeStone (STO) is a next-gen omnichain liquidity infrastructure protocol designed to optimize yield and cross-chain liquidity. Its introduction of liquid yield-bearing versions of ETH and BTC — STONE and STONEBTC — enables users to earn sustainable yield while enhancing capital efficiency. This article explores StakeStone’s architecture, core assets, founding team, tokenomics and recent market performance.

 is a decentralized liquidity infrastructure protocol that issues liquid, 

-bearing assets like STONE (Ethereum) and STONEBTC (Bitcoin). Designed for omnichain integration, it empowers users and protocols with composable 

 solutions and efficient cross-chain liquidity.

Launched in 2024, StakeStone was built to address the fragmented and capital-inefficient nature of ETH and BTC staking by introducing secure, flexible and modular primitives. StakeStone’s mission is to maximize on-chain yield while ensuring deep liquidity across ecosystems.

StakeStone was founded in 2023 by a team of DeFi-native builders led by Charles K, a crypto veteran with over 10 years of experience in centralized exchanges (CEXs), hardware wallets and DeFi infrastructure The core team includes Rose Li, Chief Strategy Officer, and Ivan K, Chief Marketing Officer.

The project has secured funding from notable crypto funds, including Polychain Capital, Binance Labs, OKX Ventures, Amber Group, HashKey Capital and Bankless Ventures. These backers not only provide capital but also strategic ecosystem access — positioning StakeStone as a serious player in omnichain liquidity and yield infrastructure.

StakeStone converts ETH and BTC into liquid, yield-bearing assets — STONE (ETH) and STONEBTC (respectively) — through a modular and omnichain framework. When ETH is staked, it flows into the StakeStone Vault and is allocated to the Strategy Pool, and STONE is minted via the Minter.

Yield is generated through strategies such as:

Users can deploy STONE across chains via the 

 (LP) rewards, with optional LP locking for enhanced returns. SBTC is the liquid BTC asset mirroring Bitcoin’s value, with STONEBTC adding a yield layer to BTC and unlocking passive income without sacrificing liquidity.

StakeStone implements key security measures, including the following:

STONE (ETH): Omnichain yield-bearing asset

 derivative. It’s minted when users stake ETH, and is backed by underlying yield from stETH, EigenLayer restaking and additional DeFi strategies.

STONE supports seamless cross-chain bridging, enabling deployment across supported networks and STONE-Fi Pools for additional rewards. Users benefit from passive yield, cross-chain utility, governance participation and on-demand liquidity.

SBTC is a liquid Bitcoin asset that mirrors BTC’s value and enables seamless use within EVM-compatible chains. STONEBTC, on the other hand, enhances SBTC by adding a yield layer, empowering users to earn yield from BTC-based strategies while preserving liquidity.

 utility by unlocking native BTC liquidity and enabling new use cases, such as cross-chain lending and borrowing, LP participation in BTC-based DeFi pools and composable integration across multichain DeFi protocols.

Together, SBTC and STONEBTC aim to position Bitcoin as an active capital layer across Ethereum and beyond.

 of StakeStone, with a total supply of 1 billion. It underpins protocol governance via OPAP proposals, voting-escrowed STO (veSTO) staking and 

Emissions are set to taper gradually until 2031, aligning incentives with long-term ecosystem growth.

According to CoinGecko, as of Apr 24, 2025, 

with a market cap of over $25 million. The token has recently shown strong momentum, rallying 85.4% over the past two weeks. Furthermore, StakeStone’s value could benefit from various catalysts, such as the rise in demand for 

 the STOUSDT Perpetual futures contract in the Innovation Zone, with up to 20x leverage.

 a Bybit account, complete identity verification and fund your 

 using crypto deposits or fiat currencies. 

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StakeStone (STO): Cross-chain liquid staking protocol

The MANTRA (OM) token’s wild crash on Apr 13, 2025, shocked the crypto world. Discover the causes, fallout, and what’s next in MANTRA’s road to recovery.

In the morning and daytime hours of Apr 13, 2025, the MANTRA blockchain's native token, OM, sat at a respectable market cap of $6 billion, making it the third-highest-ranked cryptocurrency in the 

 (RWA) category, the area the platform specializes in. Everything seemed like smooth sailing for the token.

Then, just after 6 PM UTC, the price of the OM token suddenly began to free-fall, declining from nearly $6 to about $0.50 in the space of just two hours.

A project that started the day as one of the top players in the RWA field was now worth 90% less as the evening approached. OM's abrupt, sharp crash immediately caught the market's attention, with speculation of a 

However, MANTRA's CEO, John Patrick Mullin, immediately sprang into action for PR damage control on social media, reassuring the public that the team members weren’t dumping OM tokens at all. Instead, MANTRA's founder and CEO alleged that deliberate actions of some 

 (CEXs) had caused the catastrophic plunge.

As of our coverage date of Apr 23, 2025, this is a developing story. In this article, we’ll establish what actually happened, who's involved and what awaits the OM token in the foreseeable future.

 decentralized network dedicated to RWA tokenization and utilization in compliance with real-world regulatory requirements.

 It features high scalability and low transaction fees. The project is one of the earliest initiatives dedicated to RWA use via blockchain technology. Originally, MANTRA debuted as a 

 (ETH) in August 2020. In October 2024, the project migrated to its own dedicated Layer 1 platform, the MANTRA Chain. The MANTRA blockchain is based on the Cosmos SDK framework, and is part of the wider 

The MANTRA ecosystem's main products include MANTRA DEX, a 

 (DEX); a digital identity (DID) management tool; a compliant token development and management solution; and a comprehensive compliance and permissioning system. MANTRA has also partnered with global powerhouses like Google Cloud, and with DAMAC Properties, one of Dubai's most prominent developers, to propel innovative solutions for 

Starting in late 2024, right after its own dedicated mainnet launch, MANTRA had become a significant player in the RWA corner of 

 (DeFi). By late February 2025, the platform’s native OM token had climbed to a value of nearly $9, with its market cap peaking at around $8.2 billion. Before the fateful events of Apr 13, 2025, OM was the third-highest-capped crypto in the RWA category, trading at $6.27, with a market cap of slightly over $6 billion, according to the CoinGecko portal.

In the evening hours (UTC time) of Apr 13, 2025, OM began to lose its value precipitously, dive-bombing from over $6 to about $0.52 in the space of two hours. The token’s market cap fell to slightly under half a billion dollars — a loss of more than 90%.

CEO John Mullin was quickly online, reassuring the crypto community that no team member had sold their OM holdings, and that this wasn’t a case of the bad ol’ rug pull. Instead, Mullin alluded that after OM tokens were moved to two leading CEXs (Binance and OKX) to use as collateral, the exchanges initiated a cascade of 

 of positions backed by the token. Both exchanges refuted the allegations, and connected OM’s price collapse to its recent unusually high price 

, and significant tokenomics changes made to OM in October 2024 that greatly undermined its value.

As a chain of liquidations took place, the token’s price started to plummet, causing significant panic that quickly led to further price drops. The situation only stabilized closer to the end of the day, with OM’s price remaining under $1. As of Apr 23, it’s trading at $0.5543 — a far cry from its rate of over $6 just two weeks ago.

After investigating, crypto analytics firm Lookonchain concluded that 17 wallets had deposited 43.6 million OM tokens (4.5% of the token's circulating supply) into the implicated exchanges. Two of these wallets are believed to belong to Laser Digital, one of MANTRA's investors. Another investor in the project, Shorooq Partners, is also suspected to be among the 17 wallets. Both Shorooq and Laser Digital have denied the allegations.

Although the price plunge was immediately compared to the 2022 collapse of the 

 (LUNA) blockchain, many analysts point out that the two crashes are fundamentally different. Terra's crash resulted from structural abnormalities in the 

 regulating UST, the project's stablecoin. In contrast, OM's fiasco is suspected to be the direct result of market-driven manipulation by 

, and possibly exchanges. No security breach, disruption to services or data, or other adverse structural events have occurred on the platform.

While this development is unprecedented for the project, MANTRA has been embroiled in other controversies throughout its history. One of these was its 

, first announced in August 2024 and then delayed multiple times. Around 50% of the wallets believed to be bots were cut off from the airdrop list. However, many considered the bot-culling process to have been conducted without much proof.

There have also been reports of vote rigging in the project's governance system in a bid to obscure MANTRA’s centralized model of profit allocation. Additionally, some analysts have accused the project of "forced bridging" to manipulate the market price. Platform users had to migrate their Ethereum-based OM tokens to MANTRA's native OM tokens via 

, which would increase gas fees and allow the project team to control the token's circulation pace.

How is MANTRA (OM) headed toward recovery?

MANTRA’s CEO rapidly reassured users that the team is now working hard to jump-start the token’s recovery. On Apr 14, 2025, Mullin unveiled plans to initiate a buyback scheme, along with the intent to burn all OM tokens held by the project team. The team's supply totals 300 million tokens, representing about 17% of the total supply.

He also denied factually incorrect assertions circulating online that the team effectively controls 90% of OM's supply. Mullin further assured the public that no large-scale selling events by investors have occurred.

As OM’s value has stayed firmly under $1, it remains to be seen how these PR efforts — as well as the planned buyback and burn — will affect the token’s future.

 as a swap pair with USDT, or on the Derivatives market as the 

Naturally, given the ongoing situation with the OM token, buying OM is at your own discretion, as right now the token is truly for the adventurous and brave at heart.

As of Apr 23, 2025, the OM token is trading at $0.5543, 93.8% lower than its ATH of $8.99 on Feb 23, 2025, and 3,138.8% higher than its ATL of $0.01726 on Oct 12, 2023.

Curiously, most crypto price prediction portals are optimistic about the OM token's long-term prospects. DigitalCoinPrice 

 of $1.81 in 2027 and $2.82 in 2030, whilePricePrediction 

It's hard to verify all the allegations flying around regarding the involvement of exchanges and key investors in the MANTRA OM incident. What matters at this stage is that the project team has been quick and proactive in injecting transparency and clarity into the situation.

The free fall in the token's price seems to be over by now. In fact, OM’s decline was over within hours of the incident. Moreover, unlike Terra's LUNA and UST coins, OM hasn't become worthless. All these factors point to potential stabilization and recovery ahead. The question now is: Will the pace and magnitude of the recovery be enough to save the project in the long term? At this early stage after the collapse, few people could answer the question with confidence. We'll eagerly await the developments over the next few weeks to see if MANTRA finds its way out of the woods. 

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MANTRA (OM): Understanding its wild ride and road to recovery

NBA Top Shot is an NFT marketplace for registered users to trade short video clips from NBA and WNBA games as NFTs.

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The National Basketball Association (NBA) is one of the world’s most popular sports leagues, with millions of fans in the U.S. and all over the world regularly tuning in to watch its games. In 2020, blockchain technology venture Dapper Labs, in partnership with the NBA, launched a basketball-themed 

The platform is now among the most popular NFT and collectible crypto projects. Thanks to the NBA’s massive popularity, NBA Top Shot has also contributed significantly to raising the awareness of the NFT and blockchain concepts among wider consumer audiences.

Canadian blockchain technology developer 

 is a well-known outfit in the crypto industry. The company was behind the hugely popular 

, the first high-profile play-to-earn NFT game. In 2019, Dapper Labs announced the launch of its own blockchain network,

 (FLOW), as well as a partnership with the NBA to introduce the NBA Top Shot NFT platform.

The platform went live in October 2020. NBA Top Shot allows its registered users to trade short video clips from National Basketball Association (NBA) and Women's National Basketball Association (WNBA) games. Each video is an NFT of its own.

NBA Top Shot is built on Dapper Labs’ Flow blockchain, which features fast transaction speeds and low gas fees.

The project is an innovative attempt by Dapper Labs to capitalize on the general popularity of the sports trading card concept — in this case, within the digital, blockchain-based environment.

The NBA regularly supplies Dapper Labs with officially licensed video highlights of the league’s hugely popular games. Dapper Labs creates video clips from the supplied content and releases them on 

in the form of NFTs. Users can buy these NFTs in packs and sets. NBA Top Shot also maintains an NFT marketplace where users may trade their initially purchased NFTs in the secondary market.

To use the platform, you have to sign up for an account. In the past, it was a rather straightforward process. However, due to recent cases of account abuse, it’s now mandatory to provide identity verification during registration.

Once you successfully create an account, you can start buying newly released NFTs, participate in challenges and contests, and list and delist your NFTs on the marketplace. The NFT listing and delisting is free of charge for all users. When a sale is completed, sellers pay 5% of the transaction amount to the platform. The marketplace’s default pricing is in USD. You may view the equivalent prices in ETH and FLOW cryptos, although actual crypto payments aren’t yet supported on the marketplace.

The videos released by Dapper Labs are called “Moments.” Each Top Shot Moment™ is typically based on some in-play episode — e.g., a skillful defensive steal or an impressive attacking combination — and is dedicated to the player involved in the episode. The player’s name is the main identifier for the Moment. For example, currently, the most popular Moments are associated with the Los Angeles Lakers’ legendary forward, LeBron James.

Moments are classified into four different tiers — Common, Fandom, Rare and Legendary. Moments in the Common tier normally have a large number of copies, from a few thousand to a few dozens of thousands. On the other end of the rarity spectrum are Moments from the Legendary category, with only a few dozen unique items per edition.

The Common Moments are normally, though not necessarily, the least rare, and therefore tend to have the lowest prices. Out of all the NBA Top Shot NFTs, they make up 95.8%. Some Common Moment editions may have as many as 60,000 items. These are the most Common editions within the tier. They feature the lowest prices, and might be a good entry point for NFT collectors who prefer to test out the platform with minimal investment.

The typical edition size for the Common tier is 40,000 items. Some of the Moments in this tier may have fewer copies, making them rarer and, therefore, more valuable. The rarest Moments in this tier have about 3,000 to 4,000 items.

The Fandom tier Moments are often based on videos linked to some special occasions or games that stand out from the NBA season’s usual routine. These Moments are often available only to specific fan groups. Currently, 2.5% of all NBA Top Shot NFTs belong to the Fandom tier.

Some of the Fandom Moments have fewer items compared to the Common tier editions. There are quite a few Fandom editions with around 1,000 to 2,000 items. However, the Fandom tier doesn’t necessarily feature rarer editions as compared to the Common tier. An occasional Fandom Moment may have more than 60,000 copies, the current maximum for the Common tier.

An example of such a Fandom Moment is a vintage video from February 2006, in which Miami Heat guard Dwyane Wade scores a goal against the Detroit Pistons. There are nearly 240,000 items/NFTs for this Moment.

The Rare Moments feature episodes from key games or videos involving legendary players of the league. As of the time of this writing (August 26, 2022), 1.6% of all the platform NFTs belong to the Rare tier. The Rare Moments typically have a few hundred copies per edition.

However, just as with the Fandom tier, there is no specific upper limit on the number of NFTs for a Rare Moment. Some Moments in this tier have up to around 2,000 copies.

The Legendary tier features the rarest and most valuable Moments. Many Moments in this category have 99 copies per edition, though some Moments feature as few as 20–30 items. Meanwhile, the least Rare editions within the tier may have up to 125 items. Only 0.09% of all the NFTs on the platform belong to the Legendary tier.

Moments are the platform’s most basic product unit. They’re released in packs, rather than individually. Each pack contains several Moments. Depending on the 

, these Moments may come from different tiers.

There are currently three standard types of NBA Top Shot packs:

Dapper Labs also makes additional, customized pack types, available from time to time. An example of these is the 

, which may have Moments from Common, Rare and Legendary tiers in variable proportions.

There are three common ways for collectors to get their hands on NBA Top Shot Moments: Purchasing packs, completing Flash Challenges and using the NBA Top Shot marketplace.

1. Pack Purchases (Starter Pack and Pack Drops)

Buying packs is one way to become a part of the NBA Top Shot collector community. Normally, Dapper Labs makes base packs, such as the Starter Pack and the WNBA Starter Pack, available for purchase at any time. Additional non-base packs and sets of packs may also be offered via the platform’s 

Challenges are also a popular way to earn Moments. A common type of challenge frequently run by NBA Top Shot is the Flash Challenge, which is based on game or player stats. For example, challenge participants might be asked to submit a Moment with the player who’s scored the most points in the previous NBA round. Winners of Flash Challenges are given select Moments as prizes.

3. NBA Top Shot Marketplace (Peer-to-Peer Trading)

The third way to become a proud owner of NBA Top Shot Moments is via the platform’s marketplace. This option gives you the widest choice, thanks to the great variety of the previously released Moments listed for sale by their owners. While the marketplace might not have all the latest releases, it opens up opportunities to pick and choose Moments using a variety of useful filters. You can search for Moments for a specific player, team, NBA season, tier and more.

New NBA Top Shot Moments released by Dapper Labs may be bought using cryptocurrency as well as fiat money. Although the platform runs on the Flow blockchain, Dapper Labs has designed it to be as user-friendly as possible for people with limited knowledge of crypto.

You may buy Moment packs and sets using popular debit and credit cards Visa and MasterCard, so there’s no need to open a crypto wallet and use crypto coins to make these purchases. This helps the platform target wider consumer segments, specifically fans and collectors who are still uncomfortable with using crypto payments.

You may also use various crypto coins for pack purchases. Currently, Dapper Labs 

While crypto payments are supported for new packs and sets, the platform’s NFT marketplace only accepts credit and debit card payments. On the marketplace, you may view prices in ETH and FLOW, but you won’t be able to make payments in these or any other cryptos yet.

The basic starter packs released by Dapper Labs are currently offered for $9 per pack. The pricing for other packs varies wildly, depending on the pack’s Moments, players featured, events or games linked to, edition rarity and a myriad of other factors. For instance, at the time of this writing, the only non-starter pack on offer is a 5-Moment WNBA Premium pack dedicated to the female league’s superstar Sylvia Fowles. The pack is priced at $89.

There is no maximum price set for packs. Recently, the most expensive Premium packs or sets of packs dropped by Dapper Labs were priced at $999.

On the platform’s marketplace, the cheapest individual Moments/NFTs are typically traded for $2–$3. The 

 on the marketplace might be priced in hundreds of thousands. Currently, the most expensive NFT by asking price is a legendary Moment dedicated to Derrick Rose. This particular Moment has an asking price of $1 million.

The top three NBA Top Shot NFTs by asking price

NBA Top Shot is the first high-profile platform that has set out to leverage the popularity of sports trading cards in the crypto world. It also has the backing of the NBA, one of the most popular sports outfits in the world. These factors have helped drive the current popularity of the platform among collectors and fans.

There’s been no shortage of enthusiasm toward the Top Shot NFTs, with some of the most expensive pieces having sold for hundreds of thousands of dollars.

The most expensive NBA Top Shot NFT sold so far, featuring LeBron James, went for $230,023. The Lakers’ forward enjoys massive popularity on the platform in general, with the top four most expensive NFT sales to date all based on his Moments.

Dapper Labs also skillfully adds the elements of scarcity and varying degrees of rarity to the NFTs, further driving the user community’s interest in the platform. All these factors help add value to the NFTs.

NBA Top Shot NFTs might be well worth investing in if you believe that your NFT is likely to gain value in the future. However, as with any other crypto asset, expected returns from these NFTs may vary depending on a large number of factors, both external and those specific to the platform.

In general, we would expect these NFTs to perform relatively well in the foreseeable future due to the following factors:

Many NFT collectors and traders look at a variety of different NFT platforms before making a purchase decision. During these evaluations, NBA Top Shot is often compared to another hugely popular NFT platform — the 

BAYC is a collection of 10,000 NFTs with images of “bored” primates. Unlike NBA Top Shot, where new NFTs are regularly released by the platform’s operator, the BAYC collection is fixed at 10,000 items. This adds a further degree of scarcity to these NFTs. As a result, the cheapest NFTs in BAYC are now on sale for nearly 80 ETH (around $136,000).

If you’re not a high-stakes NFT trader or investor, even the cheapest Bored Ape NFTs are probably out of your budget. In comparison, the entry point to ownership of an NBA Top Shot NFT is just $2–$3, hardly a sum that will break your bank.

Check out other NFT projects on Bybit NFT Marketplace now

The outlook for NBA Top Shot is quite positive, and we expect the platform to continue building on its current success. As far as the future NFT prices are concerned, it’s likely that the cheaper NFTs on the platform — those based on high-volume Common tier editions — will keep trading for minimal amounts due to the regular supply of new NFTs by Dapper Labs.

Already released Premium NFTs might gain more value in the future as these Moments gradually acquire vintage status.

Given that the new NFT supply is controlled by Dapper Labs, the company may adjust the supply levels to create more scarcity for its Premium packs and sets. This would help support or boost the pricing for Premium NFTs in the secondary market as well.

Overall, the platform’s business model and current performance look very promising, particularly for NFT traders interested in good returns from moderately priced Premium Moments.

What Is NBA Top Shot: A New Way To Score NFTs

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