Selling:

Asset: Nansen
Tranche: $1.5m+
Pricing: Negotiable

Any questions: DM @otcnick

Buying:

Asset: Celestia
Tranche: $3m
Pricing: $2.6b

Any questions: DM @otcnick

Selling:

Asset: Circle
Tranche: $5m+
Pricing: Negotiable

Any questions: DM @otcnick

Selling:

Asset: Celestia
Tranche: $1.5m
Pricing $2.6b

Any questions: DM @otcnick

Selling:

Asset: Aleo
Tranche: $5m+
Pricing: Negotiable

Any questions: DM @otcnick

Selling:

Asset: Kraken
Tranche: $1m+
Pricing: $16 PPS

Any questions: DM @otcnick

Selling:

Asset: SEI (locked tokens)
Tranche: $3m+
Pricing: Large discount to spot

Any questions: DM @otcnick

Buying:

Asset: Altlayer
Tranche: $1.3m
Pricing: Negotiable

Questions: DM @otcnick

Sharing our August 2023 secondary market report, with the September 2023 report due next week:

Key takeaways on Web3 secondary market in Aug 2023 by SecondLane

- 26% growth in amount of offers vs July
- $217M in Asks and Bids
- $2.1m avg Buy Ask vs $2.6M avg Sell Offer ($1M median)
- 27% median spread on FDV of Buy/Sell IOIs of the same projects - spreads narrowed down in August
- same 2x median spread on minimum amount of Buy/Sell IOIs of the same projects
- top projects: Celestia, Starkware, Scroll, EigenLayer, GMX, Berachain, Fuel, LayerZero, Dune Analytics, Blockdaemon
- 67% SAFT and 33% equity deals
- 74% (Pre-)Seed, 26% Rounds A-D
- 59% of offers on L1, L2, DeFi, and blockchain services

Subscribe for insights:
Twitter

Buying:

Asset: Monad
Tranche: $500k
Valuation: Negotiable

DM @otcnick

Buying:

Asset: Farcaster
Tranche: $750k+
Valuation: Negotiable

Any questions: DM @otcnick

Sharing our September 2023. Growth is accelerating. Platform V2 coming soon™

Key takeaways on the Web3 secondary market in September by SecondLane

- 2.6x growth in amount of offers since August
- $315M in Asks and Bids
- $3M avg Buy Ask vs $3.1M avg Sell Offer ($1.5M median)
- 19% median spread on FDV of Buy/Sell IOIs of the same projects - almost 60% drop from Aug
- 2x median spread on minimum amount of Buy/Sell IOIs of the same projects
- top projects: Celestia, Starkware, Scroll, dYdX, Arbitrum, Optimism, Sei, Aleo, Circle, Consensys
- 34% SAFT and 66% equity deals - 1/3 shift from SAFTs to equity since August
- 29% (Pre-)Seed, 71% Rounds A-D - 20% shift from earlier to later stages
- 66% of offers on L1, L2, DeFi, and blockchain services

Subscribe for insights:
Twitter

Questions: DM @otcnick

Selling:

Asset: Arbitrum (locked tokens)
Tranche: $1m+
Pricing: Discount from spot

Any questions: DM @otcnick

Selling:

Asset: Notion Labs
Tranche: $1m +
Pricing: 20% discount to previous round

Any questions: DM @otcnick

Buying:

Asset: Open AI
Tranche: $10m+
Pricing: Negotiable

Any questions: @DM @otcnick

Buying:

Asset: Weka
Tranche: $5m+
Pricing: Discount to previous round

Any questions: @otcnick

Selling:

Asset: Scroll
Tranche: $500k
Pricing: $2.2b

Any questions: DM @otcnick

Selling:

Asset: Phantom Wallet
Tranche size: $1m+
Pricing: Discount to previous round

Any questions: DM @otcnick

Buying:

Asset: SpaceX
Tranche: $10m
Pricing: Negotiable

Any questions: DM @otcnick

Selling:

Asset: OpenAI
Tranche: $20m+
Pricing $100b

Any questions: DM @otcnick

Selling:

Asset: DYDX (Locked tokens)
Tranche: $1m+
Pricing: Discount to spot

Any questions: DM @otcnick