If you've been keeping an eye on the latest in DeFi and NFTs, you might have caught wind of NFTStrategy pools. Recently, GeckoTerminal highlighted this feature in a tweet, making it easier for traders to track these innovative protocols.
What is NFTStrategy?
NFTStrategy is a clever automated system designed to generate profits from NFTs. Here's how it works in simple terms: these protocols take the trading fees generated from token transactions and use them to buy "floor NFTs." A floor NFT is basically the cheapest available NFT in a popular collection, like CryptoPunks or Pudgy Penguins. Once purchased, the protocol lists these NFTs for sale at a higher price, aiming to pocket the difference as profit.
This approach turns passive trading fees into active investments, creating a self-sustaining loop that benefits token holders. It's particularly appealing in the volatile world of meme tokens and NFTs, where quick flips can lead to significant gains.
Why Track on GeckoTerminal?
GeckoTerminal, built by the team behind CoinGecko, is a real-time DEX tracker that now supports monitoring NFTStrategy pools. According to their recent update, you can dive into metrics like 24-hour transactions (over 17,000 in the screenshot) and trading volumes reaching $34.9 million.
This integration makes it straightforward to spot trends and performance across various chains. For instance, the platform categorizes these pools, allowing users to filter by highest transactions or volumes.
Top NFTStrategy Pools to Watch
Based on the latest data from GeckoTerminal, here are some standout pools:
PNKSTR (PunkStrategy): Tied to CryptoPunks, one of the OG NFT collections. Prices hover around $0.18-$0.19, with fully diluted values (FDV) up to $182 million. 24-hour volumes can hit $5-9 million, though recent changes show dips of 20-25%.
PUDGYSTR (PudgyStrategy): Focused on Pudgy Penguins, a fun, meme-inspired NFT series. Trading at about $0.00094, with an FDV of $9.4 million and liquidity around $1.9 million. It's seen sharper 24-hour declines, around 37%.
APESTR (ApeStrategy): Linked to Bored Ape Yacht Club vibes. Priced at $0.00098, FDV $9.5 million, showing mixed short-term gains but longer-term drops.
BIRBSTR (BirbStrategy): Another one in the mix, at $0.00066, with lower volumes but steady interest.
These pools often operate on networks like Ethereum or Tron (indicated by icons like TW), adding layers of accessibility for different users.
The Bigger Picture in Meme Tokens and DeFi
NFTStrategy represents an exciting fusion of meme culture, NFTs, and DeFi. By automating NFT arbitrage with token fees, it lowers the barrier for everyday traders to participate in high-value NFT markets without needing massive capital upfront. Plus, with endorsements from figures like Bobby Ong of CoinGecko, who praised the integration and even invested in some tokens, it's gaining traction.
If you're into meme tokens, this could be a way to diversify—think of it as meme strategies evolving beyond simple hype into functional protocols.
For the full details, check out the original tweet from GeckoTerminal or head straight to their NFTStrategy category page. Keep an eye on these pools; in the fast-paced crypto world, today's dip could be tomorrow's moonshot.