Introduction

The NBA is the biggest basketball league in the world. Until March 2021, NBA Top Shot was a resounding success in the United States.

The NBA Top Shot coin can be used to sell artwork on Dapper Labs' NBA Top Shot. Why does it have such a high value? There can be no doubt that the NBA is essential. It's easier to export game-related content than other digital goods.

Owners of NBA Top Shot aren't feeling the blockchain vibe, either. Using a blockchain-based token is a success because most NBA Top Shot users don't know it.

Method

To begin, A.c1e4f4f4c4257510 will utilize the flow.core.fact nft sales table. In the NBA Top Shot, transactions on the TopShotMarketV3 marketplace were treated as non-factory trades (NFTs). After that, on May 9th, the number of sales (trades) and unique purchasers on this market were determined.

In order to compare the three exchanges, we used the same two characteristics in each: the Magic Eden (on Solana) and the Opensea (on Ethereum).

Analysis

Observation

Only 28.5k were sold on a daily basis after May 9, the day with the biggest sales volume (at least 1.5 times greater than any other day). Although a peak in sales may be detected between May 16 and May 22, a clear overall pattern for sales volume over time is not visible. The highest point in sales is, however, seen only on May 16.

It appears that the volume of daily customers and the volume of sales are trending in the same direction.. Despite a decline in the daily number of customers, it appears that the ratio of sales to total purchasers has not altered significantly.

Findings

As can be seen from the pie charts, Opensea dominates the other two marketplaces on both counts. Interestingly, though, greater scale does not always equate to greater efficacy. At least twice as many buyers in Top Shot buy than in Magic Eden, the second market, and 2.8 times as many buyers in Opensea are shown in the third pie chart.

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Look at these three markets and you'll see that Opensea's sales have doubled in just 30 days from the start to finish if you look at the trend. Magic Eden's sales, on the other hand, peaked on May 18th. There is a 10-day drop in sales after this high, which drops the amount of sales more than 50%.

In these 30 days, there are only seven days in which Magic Eden has more sales than Opensea, and in the rest of the days Opensea is the leading market place in terms of sales.

In all three markets, the volume of purchasers is trending in the same direction as the amount of sales.

On any given day, Top Shot does not have the upper hand when it comes to the quantity of unique buyers. There are only 2 days left in Magic Eden, whereas there are still 27 days remaining in Opensea.