Create a series of dashboards comparing wallet behavior for buying and selling NFTs on Flow compared to on Ethereum and Solana.

• comparing wallet behavior for buying and selling NFTs on Flow, Ethereum, and Solana.

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• Is there more or less "whale" activity on Flow compared to Ethereum, and Solana?

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• What do "whales" tend to focus on in Flow?

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• How common is "flipping" on Flow (selling within 24 hrs, within a week etc) compared to other chains, or do wallets tend to hold onto their NFTs?

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• Are wallets more interested in new projects, or already existing projects on Flow?

Since we have NFT data on flow from May 9th So compare it to other chains from May 9th.

In the first step, I show the sales volume in USD for each chain.

According to the below chart, Ethereum has the most sales volume. The peak of volume in this blockchain was on May 10th with more than 220M $. Then the volume decreased and fixed on the average volume, 65,000 $.

Solana follows ETH based on NFT sales volume. The peak of volume on Solana was in May 16th with almost 19M $.

Flow ranks last among these chains in terms of sales volume. The peak of sales volume was in May 26th with more than 2M $.

In the above chart, we can see the trend of sales volume in each blockchain over time. As you can see, the Ethereum grows by a steeper slope.

total NFT volume in USD on Flow, Ethereum and Solana.

When compared to Ethereum and Solana, the total volume on Flow is significantly lesser.

In the below chart, I show the daily unique buyer for each chain.

As you can see, Ethereum has the most daily unique users, and the other two blockchains follow it.

The peak of daily unique users on Ethereum was on Jun 2nd with more than 40,000. for Solana was on May 18th with 25,000 and for flow was on May 26th with 22,000.

Whale definition:

To answer the question of whale activity, we first need to define whale.

I define whales as those who have bought more than 50,000 dollars NFT in a single day.

So I should find the users who have the above condition and consider them as a whale. According to this, I show the number of whales that found in each blockchain.

According to the above chart, May 10th is a day with the most whale activity in Ethereum. The most solana whales was active in May 16th.

The chart below shows us which NFT collection the flow whales to tend focus on the most.

According to the above chart, most of the Flow whales focus on the Top Shot collection. This collection has nearly 230,000 $ volume by whales.

Topshot alone accounts for about 80% of flow nfts and most users are interested in using these nfts. This is also shown in the figure below

thanks to

The whale activity on Flow is seen in the below graph. The chart shows the top addresses with the highest token holdings on Flow

The highest tokens that an address holds since May 2022 is around 90K followed by 55K. Compared to etherium and solana the overall whale activity has been pretty low. Etherium is way ahead when it comes to whale activity.

The hold time of NFTs on FLOW and Ethereum displayed in the below graphs.

• The dominate period of holding NFTs on FLOW is between 1 week to 1 month.

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• On Ethereum, 63% of users hold NFTs more than 1 month.

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• The background and history of Ethereum prove this holding time in comparison with FLOW.

Finally, wallets on Flow tend to hold onto their NFTs than flip it.

Cunclusion

• We have analyzed wallet behavior and compared the wallet behavior of Flow with Etherium and Solana. It is seen that Flow has the potential of growing but as of now hasn't caught up with the lead of the other two blockchains.

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• Whale activity on Flow is lesser compared to other two chains.

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• wallets are interested in both new upcoming projects, as well as already existing projects on Flow

• It can be said that Flow network is one of the serious and powerful competitors for famous networks such as ethereum and Solana, and considering the diversity and practicality of the NFTs in it and looking at the amount of sales in this network, this network should be one of the considered serious competitors against ethereum and Solana networks.

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• Flow had the lowest daily USD volume and number of buyers when compared to Ethereum and Solana.

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• Among the three chains, there are less "whale" activity on Flow.

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• However, NBA Top Shot NFT collection is what "whales" tend to focus on in Flow, with a total of 230k USD purchases from whales.