RaceDay NFTs

    How does Speedway Motorsports RaceDay NFTs stack up to sports NFT collections in the FLOW ecosystem? What other projects are RaceDay fans buying? Date Created: 24/10/2022

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    INTRODUCTION

    Speedway is an NFT marketplace for motorsports fans built on the Flow Blockchain.

    METHODOLOGY

    Ιn the first part in this dashboard we will present a high-level overview about RaceDay’s NFT on Speedway.

    In the second part we will compare RaceDay to other NFT collections on Flow.

    DATA SOURCES: Data were taken by Flipside’s flow.core tables

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    Above we see the daily number of Sales and Buyers. Sales have a volatility with most days being at less than 50. Sales are lower now than they were on May - August. Buyers on the other hand are more stable, while being a little less than May-June the difference is small.

    Here we see the USD Volume. On a daily basis there is one day with 25k but all the others are less than 1.5k.

    On a weekly basis we see that Volume picked up on April 20 and then it dropped to about 4k a week and since then it is dropping steadily, now being at ~400$ weekly.

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    Above we see the 7-day price moving and the average price. The average price in the last few months is generally stable as it can be seen from both charts.

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    Here we see the total number of buyers at 516, the average price at 19$ and the total volume at $85k.

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    Here we see the weekly number of mints vs sales (on secondary markets). The majority of the action is mints with 96.8% market share of 131k so far and the other 3.2% or 4.3k being sales.

    We see the sales usually happen after the days of super high mint volume.

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    Here we compare the RaceDay vs all the other NFT projects on Flow.

    RaceDay represents only 0.6% of total USD Volume on FLOW, while having 16% of its total sales and 34% of its buyers.

    We see a lot of people on RaceDay but their volume is non-existant!

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    Here we see the weekly volume by collection on Flow.

    There is a drop from Nov 2021 until July 2022 where it started to pick up again. Now is around 350k per week. Most of this increase is on AllDay which now had more than 300k last week.

    Here we see the total volume of each collection. StarlyCard is first one with 2.7M, AllDay is second with 2.2M. UFC_NFT is third with a little less than 1M and Top_Shot is fourth with ~800k.

    Market Share by Volume: StarlyCard-26% / AllDay-21% / UFC_NFT-8% / TopShot-7%.

    Market Share by Users: RaceDay has 27%, TopShot has 11%, AllDay has 10%, StarlyCard has 9%.

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    Sales Metrics Over Time and Total.

    Mint vs Secondary Markets Sales.

    RaceDay vs NON RaceDays NFTs stats.

    Metrics on each Collection.

    CONCLUSION

    • RaceDay has $85k total volume, 516 buyers and 19$ average price.
    • Daily volume has dropped to less than 100$.
    • 97% of sales are minted and only 3% are sold on secondary markets.
    • RaceDay has 33% market share on Flow NFT Buyers, 16% number of Sales and only 0.6% of $ Volume.
    • Total $ Volume is on the rise on Flow in the last 2 months mostly due to AllDay NFT.
    • StarlyCard has the highest volume of $2.7M, AllDay is second with $2.2M.

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