Optimism NFT Purchasing Behavior
Analyze distribution of all NFT sales on Optimism by price
Introduction
Optimism is one of Ethereum layer 2 projects, which uses the Optimistic Rollup protocol to increase the transaction speed and reduce the cost in Ethereum.
This speed and low fee create a good environment to trade NFTs, so it has high potential to attract more and more users to do their NFTs work on it
Method
I included all sales that belong to OpenSea or quix on optimism.
first I analyzed the distribution of sales size with two metrics :
- total number of sales for each category and their percentage
- number of sales for each category and their percentage over Time
With this two metrics, we can know the status of sales size and notice their changes over time
Second I showed the average size of sale on a daily basis so that we can have a good understanding of sale sizes in optimism NFTs sales.
To better understand the flower price and answer the bounty questions, we have put the collections of both Ethereum and Optimism with their flower price and average price. It should be noted that these prices are calculated based on the last week sales.
And in order to know if Optimum's collections floor price is in a trend to be close to Ethereum's collections floor price, we put the daily average floor price of all the collections of the two together to make a comparison. In addition, we also checked the ratio of this averages over time so that we can answer the question with more confidence
I included all the data that are available on flipside tables.
Our approach in this dashboard is based on questions and answers, so please read each section carefully, and if a question is not answered in that section, the answer is probably mentioned below on other sections, so please read to the end of the dashboard.
Conclusion
Well, with all these data and information, maybe we can get good and acceptable results now, the first result we got is that in recent days, the percentage of sales with a size smaller than 0.001 ETH has decreased, and from that, the percentage of sales with a size between 0.001 and 0.01 ETH has increased,
and also at this point in time, can it be said that sales with a size higher than 0.1 have a significant share of sales? I have to say no, it is not like that, although we have seen their high sales number for a while, but they are still not impressive compared to the others, and even in the average size of the sales, this can be seen well, considering the small amount it has in the last days.
The next important question is, at this time, can it be imagined that the floor price of Optimism collections will reach the level of Ethereum collections? I have to say no, not only it is not like this, but at this time these two are getting further apart
Picture source: Link
- What is the status of the collection based on the average sale size and floor price (base on last week)? How has the average of collections Floor price changed over time? How is the situation compared to Ethereum? What message does the ratio of the average floor price of Ethereum collections to Optimism collections convey?
Answer
Looking at the stats of Optimum and Ethereum collections, we can find out several points: First, the floor price of the collections has not exceeded 0.15 ETH, and their highest is 0.13 ETH. Second, most collections have a floor price even lower than 0.03 ETH. Third, the statistics of the price collections of Ethereum and Optimism are so different that a fair comparison cannot be made In such a way that the highest floor price among Ethereum collections is almost 70, which is nearly 700 times the highest floor price of Optimism collections.
From the comparison of the average floor price of Ethereum and Optimism and the ratio of the two, we can reach several important conclusions: firstly, these two averages have not only become closer to each other, but they have also become further apart in the last few months, and this means that the price of Optimism's collections against Ethereum has not made significant progress as a whole
1. how is distribution of all NFT sales on Optimism?how many sales and percentage each category of sale size has? Have high size sales increased(in number and %) over Time?
Answer
We can clearly see that Sales below 0.01 ETH are more prevalent in Optimism with 90K sale and the highest percentage with 39.4%. Also In the last few days, we can clearly see that this category of sales hit a new record and reached their highest number on Oct 7th, but on the other hand, we can see in the normalized chart that the percentage of these sales is decreasing, and this is strange, what is the reason? Is it that the number of sales in other categories increased more? According to the data, we can say yes, because in the last days sales with a size between 0.01 and 0.1 ETH and sales between 0.001 and 0.01 ETH had a stunning increase in number and in percentage data as well. It can be seen that the sale category between 0.01 and 0.1 ETH is increasing its dominance.
What about higher categories? At the end of September we see a high number of sales with a size between 0.1 and 1, which exceeds 300 sale, the same is true for the sales with size greater than 1 ETH. Although these sales number are promising but they are not enough to provide a high percentage for these categories
3. What is the average size of sales ? Is it in a downward or upward trend? At this time, can we say that sale with high size have increased?
Answer
Although in the first days, we had a relatively high average Sale size, but over time, this average decreased drastically, so that it recorded a new low level.
Although we had days when this average had a high movement in the last month (late Sep), but they cannot be considered the beginning of an upward movement.
So also from here we can conclude that the majority of sales in optimism are still done with a small size
