Introduction

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Introduction

Azuki is a collection of 10,000 anime-inspired non-fungible tokens (NFTs). Since its launch by Chiru Labs in 2022, it has become a strong force in the Web3 field. Azuki's launch saw the series sell out in just minutes and amasse more than $29 million in funding. The project owes its status today to its diverse and loyal community. Stunning statistics aside, what makes Azuki unique is actually the team's ambition to create a gamified metaverse. Their goal is to create a space called Hilumia that provides an immersive and interactive experience for its holders.

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IPX x Chiru Labs: A Revolutionary Web3 Expansion Action

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Source: Tweet @Azuki

The collaboration marks a ground-breaking combination of Web3 and existing IP, covering content co-creation, retail distribution in LINE FRIENDS stores, and immersive offline events. Now that BEANZ and LINE FRIENDS have begun, this collaboration is likely to expand to other IPs, including those managed by IPX's designated Web3 partners.

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source:Tweet@Azuki

Follow The Rabbit: Hype, mystery and details

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Azuki is back and they will be hosting an exciting event - "Follow The Rabbit" on June 23, 2023 at the Hakkasan nightclub in Las Vegas. Their previous "Check Your Wallets" and NYC NFT campaigns were widely acclaimed. And they also promised to provide participants with an immersive experience at this event in the Year of the Rabbit.

"Follow The Rabbit "The registration channel has been opened as early as mid-April, giving priority to Azuki and BEANZ token holders, but due to the huge demand, Azuki has reopened the registration window, and it will not officially end until May 28, 2023. Tickets are free, there is a $100 refundable deposit for non-holders, and registration is handled through the tokenproof app. Attendees must be 21 years or older.

The event may serve as a platform for big exposure of Azuki's future plans. As speculation grew, some Azuki whales began buying and selling rare Azuki NFTs at floor prices. This strategy hints at possible airdrops or token distributions in the future. As Azuki prepares for the event, the attention from the outside world is also increasing, bringing a sense of suspense and excitement to the NFT community. Zagabond, the mysterious founder of Azuki, has a knack for keeping the community engaged without revealing too much, so his approach further fuels curiosity.

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Azuki Leverages Spirit DAO's Comic Book Token Attributes to Enhance Interactivity

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Source: Tweet @Azuki

In an exciting development for the project, Spirit DAO, a private group of Azuki NFT collectors, has been granted the red-hot comic book token properties by Azuki. Spirit DAO members can load this attribute to enhance their Azuki experience and differentiate themselves from ordinary members in the Azuki community.

In essence, Azuki's partnership with Spirit DAO through the comic book token attribute is an important step in enhancing user interaction and collector engagement within the Azuki community. This development will surely catalyze Azuki's goal of establishing a prominent brand presence in the Metaverse.

data analysis

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Looking back at the performance of the NFT market in the past three months, we found a downward trend. The market capitalization dropped sharply by 23.64%, from 5.1 million ETH to 3.9 million ETH. Although there was a short-lived rebound between May 31 and June 5, the blue chip index also generally followed a downward trend - from 85,000 ETH to 75,000 ETH, a decrease of 12.22%.

Azuki

However, Azuki and Beanz bucked the market trend and managed to jump into strong projects, thanks to the strong community support behind them and the attractiveness of the product.Azukifirst level titleIn a bear market trend,giant whale

Investors also increased. These phenomena also reflect the strong power of followers. The number of project transfers was high compared to sales, and there was a surge in high-value transfers. This is a sign of the Diamond Hand pattern, which means the item is considered to have long-term value. In essence, Azuki's contrarian rise reflects not only its strong market position, but also its vibrant community and strategic partnerships, which will continue to drive its growth.

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Azuki's recent market performance is stable and has continued to grow, especially last month's floor price rose from 13.34 ETH to 17.54 ETH, an increase of 31.38%. In addition, the average price has reached a new high for the year, marking an important milestone for Azuki. There was a small fluctuation on May 17, but the overall trend remains positive. The average price increased by 28.6%, from 13.6 ETH to 17.49 ETH. The number of transactions initiated by high-volume transactions in the market is also a key indicator of Azuki's market dynamics.

Interestingly, the number of whale buyers and sellers has remained fairly balanced, implying a stable market without significant manipulative pressure. In addition, it is extremely rare for both buyers and sellers to be whales, proving that the Azuki market is not only dominated by heavyweight investors, but also actively participates in collectors from all walks of life. This positive market performance is due to Azuki's consistent brand growth strategy and community planning. The combination of factors has not only effectively continued the interest of existing collectors, but also attracted new players to Azuki's NFT market.

secondary title"Follow the Rabbit "Market capitalization and trading volume: Trading activity is stagnant, Azuki market capitalization breaks through with event marketing

In the past three months, Azuki's market value has been growing in oscillation. Most notably from May 29 to June 1, coinciding with the high-profile

It is worth noting, however, that while there has been a considerable increase in market capitalization, total sales in the last month have been relatively lower than in previous months. That could suggest that while investors are optimistic about Azuki's value, deal activity has leveled off somewhat. This may also have something to do with the Las Vegas event - even with high expectations, investors still want to see the results before making further transactions.

In conclusion, market capitalization and sales volume trends suggest that Azuki's strategic partnerships and event-led marketing are positively influencing investor sentiment and contributing to the project's overall market strength. This reinforces the brand's prominence and potential for further growth in the NFT space.

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Trading, Liquidity, and Holders: Loyal Community and Whale Confidence as Sources of Azuki's Market Resilience

In the past month, Azuki's ecosystem has shown an interesting trend - although liquidity has declined compared to the previous three months, the number of transfers has consistently exceeded the number of sales. This not only speaks to the strong sense of solidarity in the community, but also demonstrates the diamond hand mentality of Azuki holders. They will hold the assets in their hands for a long time and expect long-term value. This mentality may be influenced by the "Follow the Rabbit" campaign.

At the same time, holders have decreased slightly by 1.97%, while the market capitalization has increased significantly by 21.66%. This counter-intuitive phenomenon suggests that while the number of participants decreased slightly, the remaining holders upped their stakes, driving the market capitalization higher. This is consistent with our observation of a 2.86% increase in the number of giant whales.

This shift of almost the same amount from shorter holding periods to longer holding periods reveals an interesting trend: Instead of selling, many holders who held for 3 months to 1 year decided to continue holding Yes, thus entering the holding period of more than 1 year. This demonstrates strong confidence in Azuki's long-term value and growth potential, while reaffirming that Azuki's community is not just investing for short-term gain. They seem to be looking at the long term, with a deep trust in Azuki's roadmap and the project team's strategic decisions.

In essence, Azuki's ecology is a loyal and optimistic community. Despite the ups and downs in the market, they still firmly believe in Azuki's potential and strategy, and are full of expectations for the bright future of the project.

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Trading Platform: Blur Jumps to Major Trading Platform for Azuki NFTs

Based on data from Dune Dashboard @sealaunch, it is clear that the Blur trading platform has become the main market for Azuki transactions. There are mainly the following reasons:

Secondly, the fact that Blend does not charge copyright fees is also quite attractive to traders. Blur, by contrast, charges a royalty of 0.5% on each transaction. All things considered, Blend is more cost-effective.

sales ranking

BEANZ

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secondary titleBEANZLowering barriers to entry and boosting Azuki Universe’s market performance

In Azuki's world,"Follow the Rabbit "But a competent companion, it's a more cost-effective alternative. The number of collectors of BEANZ NFTs has increased significantly, mainly due to their low price compared to Azuki, which greatly lowers the barrier to entry into the Azuki universe. The strategic partnership with LINE FRIENDS has spawned BEANZ IP and characters such as "Jay" and "Jelly", expanding BEANZ's population reach. The partnership exposed BEANZ to millions of new consumers, driving significant growth in its user base and opening up new revenue streams through merchandise and event collaborations.

After event registration became accessible through wallets holding Azuki or BEANZ tokens, transaction volume spiked significantly. Participants will naturally choose BEANZ, which is affordable, so the transaction volume rose from 256.58 ETH to a staggering 1289.19 ETH, an increase of 402.45%. The trend has pushed its trading volume and market capitalization to three-month highs.

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sales ranking

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From Azuki's lending volume on the Blur platform, it can be seen that in the past month, Azuki's lending volume has been dominant near the peak of the market, and even showed rising volatility. Since May, Azuki’s lending volume has witnessed a significant surge from 3437 ETH to 6408 ETH, a powerful increase of 86.44%. This trend shows that the market demand for Azuki NFT is escalating, solidifying its position as a strong competitor in the NFT ecosystem.

In early May, Azuki's daily borrowing volume on Blur performed well, accounting for more than 50% of the total borrowing volume. Although it has declined slightly since then, it has maintained its position in the top three of the market, with a stable volume share of 20 to 30%. This consistency not only gives Azuki holders sufficient confidence, but also enhances the attractiveness of Azuki and BEANZ items to potential collectors, while also increasing their market visibility. This trend shows the strength of Azuki and BEANZ in the face of adversity, and also allows the outside world to recognize their potential for continued growth in the future.

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Likelihood of Change (NFA)

RSI Strategy: A trading signal designed based on the relative strength characteristics of buying and selling of the RSI. A signal below the range indicates buying, while a signal above the range indicates selling. The larger the deviation, the stronger the signal.

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