Try Quests to earn SOLThe Battle of the Solana NFT Aggregator
Introduction
Hyperspace is a marketplace for exchanging Solana NFT and NFT flex information and services. Hyperspace has developed a new NFT market aggregator that works in tandem with the Solana NFT analytics dashboard, allowing for a more targeted approach to trading NFTs. Because of this, its customers will be able to purchase NFT from any of Solana's major NFT markets. The evaluation platform will also function as a launch pad for new NFT collections to be displayed on the Solana blockchain.
Coral Cube is an NFT marketplace and aggregator that focuses on three web3 factors, Transparency with regard to NFT ownership and credentials; Simple and streamlined access to digital information on the Solana blockchain; Interactions with NFT marketplaces on the network. These three factors will ultimately reduce technological and economic obstacles for new companies to enter competition and limit the establishment of monopolies.
Method
In the current dashboard, we'll examine Hyperspace and Coral Cube, two NFT aggregator marketplaces on Solana, side by side. After that, we'll discuss the advantages of using each service.
To do this, we will mostly utilize the solana.core.fact nft sales database, filtering marketplace to hyperspace or coral cube to obtain the corresponding platform's results.
> * The investigations period time was the past 3 months by daily, but you can change it by header tapes.
We know these platforms are aggregator, but I was curious to compare those with Magic Eaden, too. so I put an additional sections in the end of dashboard to compare each on with Magic Eaden, the visuals present an assessment for Magic & hyperspace, If you want to see for Magic & coral cube, you can change it by above tape.
Before diving into the study, it's helpful to realize that the Hyperspace platform didn't debut until the middle of September 2022, while Coral Cube was first introduced all the way back in February. In light of the potential disparity in the aggregate comparison numbers, we will additionally analyze the average and growth metrics to get a more accurate conclusion about the relative merits of these two systems.
✍🏻 Conclusion
- Marketplace’s Sales Volume
> * In this case, the sales volume of SOL reveals two distinct scenarios. Hyperspace's early sales were more robust than those of its competitors. The volume of Coral Cube, however, skyrocketed around the middle of the month of October. Once again, on October 16th, Coral Cube rose after dipping below Hyperspace. > * Over the past three months, Coral Cube has seen sales of 410,000 SOL, whereas Hyperspace has seen sales of fewer than 72,000 SOL.
- Most Popular Collections
> - [ ] Hyperspace
> * Degods, ABC, Blockasset, Degen APes, Pen Frens, Degen Sweepers, So Dead, Communi3, Blockcsmith and Nekozuma
> - [ ] Coral Cube
> * Great Goats, Communi3, Trippin Ape, Just Ape, Kings of Da Street, Bubbglegoose, Okay Bears, Primates, Vandal City and Yeah Tigers
- Which One is Preferred for Use?
> Coral Cube appears to have seen more NFT activity over the past several weeks, suggesting that it has become more stable. Furthermore, the average NFT price is lower than the Hyperspace pricing, which is good news for potential buyers, who prefer to trade low cap NFT collections.
- Noticeable Market Trends
> Activity on Coral Cube grew sharply in the middle of October, following this announcement, and we've observed increases in sales volume, sales count, buyer and seller numbers, and total volume traded over the previous three months. , Hyperspace doesn't appear to be impacted nearly as much. > > \
At the end, I tend to appreciate @Pinehearst#1947 for her incredible dashboards, from which I learned so much.
About:
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Author: HaM☰d
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Discord: 0xHaM☰d#8391
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Twitter: @arjmandi_hamed
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Email: h_arjmandi2012@yahoo.com
Hyperspace vs. Coral Cube
Hyperspace and Coral Cube are the two most popular NFT aggregators on Solana. This means that they list all NFTs across different marketplaces along with allowing listings on their own marketplace.
> * Create a dashboard comparing KPIs between Hyperspace and Coral Cube. Which marketplace has done more volume? Which collections are popular on each marketplace? Why would I use one marketplace over the other? > * Are there any noticeable market trends between the marketplaces, especially after Solana marketplaces moved to a 0% creator royalty?
Hey there 👋!
Firstly, I appreciate you sticking with it until the conclusion.
I'm Hamed, a civil engineering Ph.D.
student interested in data analysis.
I've made many similar dashboards and visualizations since I started at Flipside in January.
Please take a look at my various contact details and let me know what you think.
:telescope: Findings:
Using the aforementioned figures, we can observe that Coral Cube has a much longer track record of sales than Hyperspace.
The number of sales transactions, active buyers, and sellers on Coral cube has decreased over the past three months, starting in late July and continuing until early October. However, in October 2022, sales volume (in Sols), active traders, and total sales all reached their highest points ever.
Coral Cube typically has more sales and more active traders than Hyperspace does on a daily basis, although Hyperspace is gaining ground.
Hyperspace outsells Coral Cube in terms of total dollar volume during most time periods, as seen by the normalized area chart on the right, although Coral Cube still has a larger proportion of the market in terms of total sales (Normalized bar chart right).
Hyperspace consistently outperforms the market in terms of average daily sales price.
Total sales activity on both channels has been down in recent days compared to their respective peaks.
:telescope: Findings:
Eventually, we can see that the NFT pricing on Hyperspace has been greater than the price on CoralCube on average. Even while it was stable in Coral Cube, between 0.5 and 2.3 SOL, it has been steadily rising over time. Current average in Hyperspace is greater than 3.5.
The 7-day moving average of prices shows that, while they are both rising for Hyperspace, they are both rising at roughly the same rate for Coral Cube.
The average price and the 7-day moving average in US dollars both saw significant increases in October 2019, but have since stabilized.
Based on the data presented above, Coral Cube outperforms HyperSpace in terms of the number of NFT sales, the total number of unique buyers, the total number of unique sellers, the number of exchanged NFT tokens, and the total volume of sales (in both USD and SOL) (which is logical due to its age)
The median and average sales volumes on Hyperspace are higher than those on Coral Cube (in both USD and SOL).
📊 Trends of Top NFT
The charts below show the health of the top NFT Projects. The projects are ranked by their all-time sales volume
🏆 Top Hyperspace Collection by Tx Count
- In terms of number of sales, DeGods is the most popular NFT collection on HyperSpace
🏆 Top Hyperspace Collection by Volume
- In terms of volume, DeGods has generated the most volume on Hyperspace as same as transactions count terms.
- DeGods NFT collection accounts for the vast majority of Hyperpsace's sales, whereas collections ranked lower than it do not come close to matching the volume of the top collections.
🏆 Top Hyperspace Collection by Buyers Count
- In terms of most tend purchasers, ABC is the most popular NFT colection on Hyperspace.
:hourglass_flowing_sand: The following visuals present the volume changes and buyers count on 7day period.
For the top 20 collections (by total sales volume), 5 pieces had increasing volume and buyer interest. The table below presents the total volume, buyers and sales count of the top collections on Hyperspace in the last 7, 14 and 30 days.
The following section’s Idea is credited to @Pinehearst#1947 dashboard.
🏆 Top Coral Cube Collection by Tx Count
Great Goats is the most widely-played NFT series on Coral Cube.
The top selling Coral Cube collections outsell the HyperSpace series by a wide margin.
🏆 Top Coral CubeCollection by Volume
On Coral Cube, Communi3:Mad Scientists has the most volume of sales in $USD.
🏆 Top Coral Cube Collection by Buyers Count
On the Coral Cube, Great Goats has tended by the most number of purchasers.
The number of attracted purchasers by Coral Cube top projects is more than HyperSpace.
:hourglass_flowing_sand: The following visuals present the volume changes and buyers count on 7day period.
For the top 20 collections (by total sales volume), 3 pieces had increasing volume and more of those buyer interest. The table below presents the total volume, buyers and sales count of the top collections on Coral Cube in the last 7, 14 and 30 days.
:telescope: Findings:
Although the Magic Eaden is a marketplace and the aforementioned platforms are aggregators, I tend to take a glance at comparison between those and Magic Eaden to acquire an overview of those. I compared Hyperspace with Magic Eaden, but you can change it to Coral Cube with header tape. As can be seen in the current sections’ visuals, Hyperspace has been more than Magic Eaden in all assessed metrics.
