Marketplace Comparison

    Dashboard by PM...#6566

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    What Is Magic Eden?

    Magic Eden is one of the most prominent Solana NFT markets where NFT may be produced, sold, and purchased. The platform does not impose a listing fee, but a 2% transaction fee is applied to all transactions. The portal only features a restricted number of projects from a select group of artists, and creators may also establish their royalty rates and get payment upon sale. This Solana NFT exchange supports the vast majority of Solana-based transactions. Launchpad is a component of Magic Eden that offers products and services to assist artists and producers mint their collections without having technological skills. Consequently, making it simpler for producers to continue marketing their work.

    What Is Solanart?

    Solanart is your best option if you're searching for a specialized NFT marketplace on the Solana blockchain. Solanart is also one of the most prominent Solana NFT markets where users may produce, sell, and purchase Solana-based NFT. Degenerate Ape Academy, Galactic Gecko Space Garage, Solpunks, and Aurora are some of the most popular NFT collections by Solanart. Solanart levies a 3% transaction fee for every successful NFT sale. Creators are allowed to choose their own prices.

    What Is Yawww?

    Yawww restores authority to the people, the proprietors. Yawww is more than simply an NFT collection(s), Solana's first peer-to-peer (P2P) automated escrow & trading service for NFTs, Solana's first and only P2P loans marketplace, and Solana's first and only Democratic Marketplace that returns control to the owners. Yawww has launched various first-of-its-kind services and platforms that have altered the playing field for Solana NFT owners.

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    The objective for this dashboard

    This investigation compares the three-month traction of zero-percent-royalty marketplaces such as Yawww and Solanart to that of Magic Eden. Since Solanart and Yawww provide zero percent royalties, we want to examine how Solanart and Yawww have impacted Magic Eden's market share alongside the most popular NFTs on zero percent royalty platforms. In this research, we take into account the NFT sales volume, NFT sales transactions, and NFT unique buyers.

    Comparison of zero-percent-royalty marketplaces such as Yawww and Solanart to that of Magic Eden by considering NFT sales count

    Comparison of zero-percent-royalty marketplaces such as Yawww and Solanart to that of Magic Eden by considering NFT unique buyers

    Comparison of zero-percent-royalty marketplaces such as Yawww and Solanart to that of Magic Eden by considering NFT sales volume (SOL)

    Top most popular NFTon 0% royalty NFT marketplace: Yawww and Solanart

    The charts above show the top most popular NFTs on Solanart by sales volume in SOL. We can see that DeGods has the most sales volume in Yawww, at 30 percent. Psyker has the second-most sales volume, at 23.3 percent, followed by Galatic Geckos, at 13.3 percent of the total.

    The charts above show the top NFTs on Yawww in terms of sales volume in SOL. DeGods has the highest sales volume in Yawww, at 49.1 percent. Okay Bears has the second-highest sales volume, accounting for 12.3 percent of the total, closely followed by Blocksmith Labs, accounting for 9.61 percent of the whole.

    Summary

    • In terms of sales count, unique buyers, and sales volume in SOL, we discovered that Magic Eden is much more popular than Yawww and Solanart
    • We also discovered that, as demonstrated by the daily NFT sales volume in SOL, the introduction of Yaww led to Magic Eden's NFT sales volume falling from July 12 to August 21.
    • DeGods is the most popular NFT collection in both the Yawww and Solanart markets, according to our analysis.
    • Finally, we discovered that the number of NFT buyers in the non-0% royalty NFT market is much bigger than in the 0% royalty NFT market, indicating that the majority of NFT buyers are no longer concerned with such fees.
    • We can observe that Magic Eden has the highest sales count percentage at 99.5%. While Yaww and Solanart contribute for 0.355% and 0.169% of total sales count, respectively.
    • Considering the cumulative number of sales transactions, we can observe that all NFT markets are trending higher, with Magic Eden dominating the market.
    • We can observe that the Magic Eden has been seen by 98.3 percent of NFT purchasers. Yaww has the second largest percentage of NFT purchasers, at 1.17 percent.
    • The debut of Yaww, as evidenced in the daily number of NFT purchasers, has affected the drop in Magic Eden's number of NFT buyers from July 12 to August 21.
    • When we consider the cumulative number of NFT purchasers, we can see that all NFT marketplaces are growing upward, with Magic Eden leading the market.
    • The Magic Eden has the highest sales volume (SOL), at 93.3 percent. Yaww has the second highest sales volume percentage, at 5.56 percent.
    • The release of Yaww, as indicated by the daily NFT sales volume in SOL, has contributed to Magic Eden's NFT sales volume dropping from July 12 to August 21.
    • When we look at the cumulative number of NFT sales volume, we can observe that all NFT markets are increasing, with Magic Eden taking the lead.

    Unique NFT buyers in 0% royalty and non 0 % royalty NFT marketplaces

    The two charts above indicate the proportion of and daily unique purchasers for marketplaces with and without 0% royalty. We can observe that the number of NFT purchasers in the non-0% royalty NFT marketplace is substantially higher than in the 0% royalty NFT marketplace, showing that most NFT buyers are no longer concerned with such fees. According to the daily chart, the number of NFT purchasers in the non-0% royalty NFT marketplace is increasing, suggesting that the non-0% royalty NFT marketplace will continue to be the most popular in the near future.