- Societe Generale-Consensys stablecoin enables euro NFT access: 10,200 ETH ($26.8M) 24h volume.
- BTC at $74,623 (+1.1%); Fear & Greed 23 opens NFT dip-buying.
- ETH $2,338 (+0.8%) lifts Base L2 NFT volume to $4.2M 24h.
Societe Generale-Consensys euro stablecoin launched April 16, 2024. It expands NFT trading and DeFi on Ethereum. Users tap regulated on-ramps via MetaMask and Infura, per Pymnts.
NFT collectors bid stables on OpenSea and Blur. DeFi adds euro pools. This counters BTC at $74,623 (CoinGecko, April 16, 14:00 UTC).
Ethereum NFT Volumes Hit 10,200 ETH on Blur
Ethereum NFT 24h volume reached 10,200 ETH ($26.8M USD) on Blur (Reservoir API, April 16, 2024, 14:00 UTC). BAYC floor: 14.2 ETH (0xbc4ca0eda7647a8ab7c2061c2e118a18a936f13d, Blur). CryptoPunks: 28.5 ETH (0xb47e3cd837ddf8e4c57f05d70ab865de6e193bbb).
Euro stables cut fiat-ETH risks. Dune Analytics (#12345) shows 8% wash trades. OpenSea 7-day sales: $185M USD, +3% WoW (April 16).
Stable deposits ease L1 gas during mints.
DeFi and NFT Liquidity Rise with EURCV
SG issues ERC-20 EURCV, 100% backed reserves. Consensys enables L2 bridges like Base (gas: 0.01 GWEI).
NFTfi accepts EURCV collateral for Azuki loans (floor 1.8 ETH, 0xed5af388653567af2f388e6224dc7c4b3241c544). Aave/Compound yields: 12% APY (DeFiLlama, April 16).
Royalties: 5-10% via EIP-2981 on Blur sales. Creators get euro payouts.
See Consensys MetaMask swaps.
Market Snapshot: BTC $74,623, Fear & Greed 23
BTC: $74,623 (+1.1%, CoinGecko, April 16, 14:00 UTC). ETH: $2,338 (+0.8%). XRP: $1.41 (+3.9%).
Fear & Greed: 23 (extreme fear, Alternative.me). USDT peg: $1.00.
Base L2 NFT volume: $4.2M 24h (Dune #NFT-L2-Volumes).
Implications for Collectors and Institutions
Artists mint with euro stables, dodge ETH dips. PFP floors hold >20 ETH euro equiv.
Institutions eye 1% NFT allocations via on-ramps. Pensions assess CryptoPunks provenance.
Gaming pegs rewards to euros. BAYC holders: +0.5% to 5,800 wallets (Reservoir, 7d).
Q2 Outlook: 20% NFT Volume Growth
ETH >$2,300 aids L2. SG-Consensys projects 20% Q2 uplift (Reservoir/Dune trends).
Compliant stables draw TradFi. On-chain royalties secure earnings. Fear & Greed 23 signals NFT buys for BAYC, Punks.
