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Which platform is the king of NFT royalties?
📝 Introduction
What is Opensea?
OpenSea is an American online non-fungible token (NFT) marketplace headquartered in New York City. The company was founded by Devin Finzer and Alex Atallah in 2017.
OpenSea offers a marketplace allowing for non-fungible tokens to be sold directly at a fixed price, or through an auction, based on the Ethereum ERC-721 standard, the layer-2 scaling solution for Ethereum Polygon, the KIP-7 standard for Klaytn, and the SPL standard for Solana.
In 2021, following a heightened interest in non-fungible tokens, the company's revenue reached $95 million in February 2021 and $2.75 billion in September of that year. By January 2022, the company had been valued at $13.3 billion and has been considered the largest non-fungible token marketplace. The daily trading volume on the OpenSea marketplace reached a record $2.7 billion on May 1, 2022, but four months later had dropped by 99%.
What is LooksRare**?**
LooksRare is the community-first NFT marketplace that actively rewards traders, collectors and creators for participating.
- 💎 Get rewarded - Users that buy or sell any NFTs on LooksRare earn LOOKS tokens.
- 🤝 Share the platform fees - 100% of trading fees are earned by LOOKS stakers.
- ⚡️ Creators get paid instantly - Creators get royalty payments at the moment of sale.
What is Larva Labs**?**
Larva Labs is where you can buy the popular line of CryptoPunks NFTs, and it doesn't charge any service fees for doing so. This lab also offers 3D characters called Meebits, as well as other blockchain and gaming projects. However, Larva Labs has a limited selection of NFTs compared to the major marketplaces. Read our CryptoPunks marketplace review to find out if it's right for you.
What is NFTX**?**
NFTX is a platform for creating liquid markets for illiquid Non-Fungible Tokens (NFTs).
Users deposit their NFT into an NFTX vault and mint a fungible ERC20 token (vToken) that represents a claim on a random asset from within the vault. vTokens can also be used to redeem a specific NFT from a vault.
Benefits include:
- LP and stake minted vTokens to earn yield rewards
- Better distribution and price discovery for NFT projects
- Instantly sell any NFT by minting it as an ERC20 and swapping via Sushiswap
- Increased liquidity for NFT investors and speculators
What is Rarible?
Rarible is a multi-chain platform where you can buy, sell, and create non-fungible tokens (NFTs). It is one of the main NFT marketplaces and is based on the Rarible Protocol, an open source multichain community-governed NFT Protocol.
As 2021 was a breakout year for NFTs, Rarible grew a lot and reached, according to their official Medium, more than 2 million active users per month. By July 2022, the marketplace was integrated with Ethereum, Polygon, Flow, Tezos, and Solana.
What is Sudoswap?
Sudoswap is a decentralized NFT marketplace on the Ethereum network, and it operates in a radically different way compared to other NFT marketplaces.
On OpenSea you trade NFTs with other people through an off-chain order book model. But on Sudoswap you buy and sell NFTs through liquidity pools, which are pieces of code on the blockchain that contain tokens. Users can deposit NFTs or ETH into Sudoswap’s pools and earn fees from trades that take place through these pools.
What is X2Y2?
X2Y2 is an emerging NFT marketplace that launched in February 2022. X2Y2 rivals OpenSea (the largest NFT marketplace), featuring bulk-listing, rarity tracking, and real-time notifications. The X2Y2 token is the governance token of the X2Y2 marketplace, currently trading at $0.32 with a market cap of $42 million and a total supply of 1 billion tokens.
The team behind X2Y2 is comprised of NFT and blockchain development veterans that noticed the downsides of centralization in the NFT ecosystem. Namely, 90% of all NFT transactions are on OpenSea and every time there is a downside or censorship, the whole NFT ecosystem is affected. Their message was “NFTs are not only on OpenSea.”
📃 Purposes of dashboard
In this dashboard, Opensea , LooksRare , Larva labs , NFTX , Rarible , Sudoswap and X2Y2 platform is analyzed :
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Total and Daily / Weekly / Monthly royalty volume (USD) at each platform.
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Daily / Weekly / Monthly royalty ratio at each platform.
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Top 10 NFT by volume (USD) of costing royalty .
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Top 10 NFT by higher royalty ratio .
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Top 10 NFT by 0% royalty ratio .
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User categorize by volume (USD) of costing royalty .
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User categorize by royalty ratio .
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Top 10 wallet by volume (USD) of costing royalty .
👀 Observation ( part(1) , part(2))
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The volume (USD) of royalty was in ==Jan==, ==Feb== and ==Apr== 2022 was more than other months.
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The maximum volume (USD) of royalty was ==38.8 M== in one day is related to ==1 May== of 2022.
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The maximum volume (USD) of royalty was in one week is related to ==forth week== of Jan 2022. (==610 M== in Jan and ==190 M== at forth week of Jan).
🏆 Openseawhich have the most volume (USD) of royalty. (==1.1 B 80.1%==)
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The royalty ratio was in ==Mar==, ==Jun== and ==Jan== 2022 was more than other months.
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The maximum royalty ratio was ==38.8 M== in one day is related to ==1 May== of 2022.
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The maximum royalty ratio was in one week is related to ==third week== of Jun 2022. (==715 M== in Jun and ==240 M== at third week of Jan).
👀 Observation ( part(6) , part(7))
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Most of users volume (USD) of royalty paid was ==100 - 500 USD==, ==245.53 K== (==25.3%==)
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After ==100 - 500 USD== most of users volume (USD) of royalty paid was ==10 -50 USD==, ==153.49 K== (==15.8%==)
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Most of users royalty rate paid was ==5% - 10%== , ==595.34 K== (==61.4%==)
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After ==5% - 10%== most of users of royalty rate paid was ==10% -20%==, ==195.82 K== (==20.2%==)
📃Contact Data
Discord : Abolfazl#2441
Email : Abolfazl.yeganeh77@gmail.com
Twitter : profile
Twite of this analyze : Link
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