Deep Dive
1. Cross-Chain NFT Liquidity (Bullish Impact)
Overview: Rarible’s July 2025 integration with Somnia – a gaming-optimized blockchain processing 1M+ TPS – enables minting/trading of interactive NFTs like Netherak Demon. This follows MegaETH testnet NFT launches that saw 4,000 ETH volume in 24h.
What this means: As 68% of 2025 NFT demand comes from gaming/utility use (Zoomex), Rarible’s multi-chain strategy positions RARI as liquidity middleware. Successful Q4 MegaETH mainnet launches could drive protocol fee burns.
2. Governance Participation Dynamics (Mixed Impact)
Overview: 19.5M circulating RARI has 3.8M (19.5%) staked for governance – up 22% since July’s liquid staking upgrade. However, only 21 proposals passed in 2025 (avg. 878K RARI votes).
What this means: High staking reduces sell pressure but risks centralization – top 5 delegates control 41% of voting power. Price could benefit if the DAO approves treasury allocations to buybacks (currently $4.9M treasury).
3. Altcoin Season Fuel (Bullish Impact)
Overview: CMC’s Altcoin Season Index rose 44.68% MoM to 68 (neutral: 50-75), while NFT sector volume grew 7.8% MoM despite 11% revenue decline.
What this means: Historical data shows RARI has 3.2x beta to ETH during alt seasons. With 57.58% BTC dominance, a break below 55% could trigger NFT token rotations into RARI.
Conclusion
RARI’s $0.95 price reflects bearish technicals (below 200D SMA $1.09) but holds catalysts from gaming NFT adoption and DAO incentives. Watch the Somnia partnership’s Q4 user growth – can Rarible capture 10%+ of the $2.8B utility NFT market while maintaining <30% circulating supply staked?