Tensorians NFTs

    Tensorians NFTs are a captivating and innovative collection of non-fungible tokens (NFTs) that bridge the worlds of art, technology, and blockchain. These digital assets are a testament to the intersection of creativity and cutting-edge blockchain technology, offering a unique and captivating experience to collectors and enthusiasts alike.

    What Is Tensorians NFT?

    The Tensorian NFT Collection is a captivating series of digital artworks brought to life by the creative genius of Xeno, an exceptional pixel artist recognized within the Solana community. At the inception of this project, an early connection was forged with Xeno, also known as Xeno, who was invited to embark on the journey of crafting a remarkable pixel art Profile Picture (PFP) collection. This collection has been envisioned as an embodiment of the very essence of Tensor's user base, affectionately referred to as Tensorians Link.

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    Methodology
    Summary

    The Tensorians collection, a notable NFT project, has experienced significant activity and transactions. In the minting phase, approximately 8.5K mint transactions occurred, involving around 2.1K minters who collectively spent about 14.3K SOL for the minting process. On average, there were over 339 mint transactions per day, with daily participation from an average of over 85 individuals. The average wallet age of minters was less than 22 days, suggesting the use of Burner wallets for minting. Most minters minted only one NFT each, but 75 minters created more than 20 NFTs each. The peak day for mint transactions, minters, and mint volume was on August 8th, with around 5.44K transactions, 1.52K minters, and 9.18K SOL in volume. However, there was a declining trend in these metrics over time.

    In the secondary market, there were approximately 7.1K sales transactions, with around 1.8K users collectively spending about 132.3K SOL. The average price of items in the Tensorians collection was approximately 18.6 SOL, and there were over 270 transactions per day. Most users initiated only one transaction, and a significant portion of NFTs were sold within the 0 to $500 value range. The highest recorded figures for sales transactions, users, and sales volume were on August 8th, with around 1.06K transactions, 490 users, and 19.4K SOL in volume. However, there was an overall downward trend in these metrics.

    Regarding wash trading, there were 18 instances of such transactions involving 13 distinct users who collectively spent 268 SOL for these practices.

    Approximately 56 traders capitalized on buying and selling at higher prices, earning an average profit of about 6.4 SOL each. One user stood out with profits exceeding 44 SOL. Most profitable traders fell within the $10 to $50 and $100 to $250 profit ranges, with one trader exceeding $1000 in profits.

    To mint a Tensorians collection NFT, users burned 10 Shards and paid 1.69 SOL. In total, about 78.8K shards were burned during this period, equivalent to a value exceeding 124.8K SOL. On average, users spent around 15.8 SOL for minting a single Tensorian NFT. The highest volume of shard burning occurred on the initial launch day, reaching about 79.3K SOL. Burning shards positively impacted the collection's price, which increased from 0.93 SOL on the first day to 2.6 SOL as of August 13th. However, the price trend exhibited a mild upward trajectory until August 13th but declined afterward.

    This dashboard is dedicated to examining the Tensorians NFT Collection on the Solana network. Its purpose is to illustrate the collection's performance across various metrics. These metrics encompass the Mint sector, Secondary Sales sector, Wash Trading of the Collection, the most profitable Traders within this collection, Minters' Behavior on the Solana Network, and the process of minting a Tensorian, which involves burning 10 Shards and paying 1.69 Sol. Consequently, I have chosen to depict the performance of Shards burning and the subsequent impact on the collection's price since its inception.

    To achieve this, I have leveraged the Flipside database, specifically the Solana schema, to extract and present data pertaining to the Tensorians NFT Collection.

    Furthermore, I employed the Marqu dashboard to represent the performance of Tensorians collection sales. You can access the Marqu Dashboard through this Link.