Try Quests to earn crypto
What is Quixotic?
The NFT Marketplace has become a prominent venue where users may purchase, sell, and explore NFTs. Many people became quite wealthy by purchasing NFTs that were initially inexpensive but afterwards became very costly. Nevertheless, there are always disadvantages to relying on a single source. For instance, OpenC utilizes the Ethereum blockchain. The experience of trading there might be sluggish and expensive. Quixotic is an NFT market that runs on optimism and is a rising star. This article examines in full what Quixotic crypto is and how to purchase NFTs on Quixotic. The largest NFT market based on optimism is Quixotic. Shortly after the optimistic airdrop announcement, Quixotic made its public debut announcement. Because it is fueled by optimism, its transactions and operations are more rapid and less expensive than those of other markets. Since its inception, Quixotic has managed to save its members approximately $1.7 million in costs. This number is extremely outstanding given that the debut occurred over a month ago. Additionally, around 14,500 addresses trade NFTs on the site, with a total volume of over 700 ETH.
Methodology:
Objective: This dashboard reflects the health of the Quixotic NFT market in the following metrics:
- Quixotic NFT Sales Metrics: Number of sales transactions, Number of NFT sellers, Number of NFT buyers, and NFT sales volume in USD.
- Distribution of Quixotic NFT sales volume by NFT buyers
- Top 10 Quixotic’s NFT projects by NFT sales volume
- Comparison of Quixotic NFT sales volume and other top NFT markets.
The four pie graphics on the top and the left depicts the distribution of NFT sales transactions, number of NFT sellers, number of NFT buyers, and NFT sales volume in USD received by various tokens on the Quixotic market. As seen in the graph, all activities from the ETH token are much larger than those of the OP token. The graph demonstrates that, among all token types, the vast majority of global Quixotic NFT sales transactions are paid in ETH.
The bar graph represents the number of NFT sales transactions on the Quixotic marketplace on a daily basis. The trend for the daily number of NFT sales transactions appears to be unstable over time, with the ETH tokens displaying the most notable pattern. Surprisingly, we noticed that after July 2, the ETH price started rising, which influenced the growth in the number of NFT sales transactions on the Quixotic platform. This finding also implies that the ETH token is the most extensively utilized in the Quixotic NFT market.
The bar graph demonstrates the daily volume of NFT sales (USD) on the Quixotic marketplace. The daily volume of NFT sales tends to fluctuate over time, with the highest point being on July 1 and ETH tokens having the most pronounced pattern. Surprisingly, the ETH price began to climb after July 2, resulting in an increase in the NFT sales volume (USD) on the Quixotic platform. This result also shows that the ETH token has the highest volume of sales on the Quixotic NFT market.
The bar graph illustrates the number of NFT purchasers in the Quixotic marketplace on a daily basis. The daily number of NFT purchasers tends to fluctuate over time, with ETH tokens displaying the most apparent trend. Surprisingly, after July 2, the ETH price started going up, driving a growth in the number of NFT purchasers on the Quixotic platform. This analysis also shows that the ETH token is the most often used in the Quixotic NFT market.
The bar and pie charts above illustrate the share of total USD sales volume of Quixotic NFTs held by buyers. Shrimp buyers with a sales volume between $0 and $10 USD are the most frequent Quixotic platform users, accounting for 73% of all buyers. At 16.1 percent, Crab buyers have the second-highest NFT sales volume. 9.82 percent of all buyers are Octopus buyers, followed by Dolphin buyers with 0.622%. Fish buyers have the lowest NFT sales volume, accounting for 0.423% of all buyers. The graph demonstrates that the majority of NFT sales volume is generated by buyers classified as Shrimp, Crab, and Octopus, indicating that the Quixotic NFT market is driven by common wallets.
The above bar and pie charts illustrate the top 10 NFT collections based on the volume of NFT sales on Quixotic in US dollars. 43.6 percent of the total NFT volume is sold the most through the Optipunk project. At 32.7%, the Apetimism collection has the second-highest NFT sales volume. Bored town collection's share of NFT sales volume is 4.77 percent, closely followed by Cryptotesters' 4.59 percent share. Among the top 10 NFTs with the highest NFT sales volume, Ganland collection has the lowest percentage of NFT sales volume at 1.9%. The graphs show that Optipunk and Apetimism collections account for the majority of the total NFT sales volume by NFT projects on the Quixotic platform.
The line chart depicts daily NFT sales transactions by platform. Quixotic NFT sales transactions are greater than those of OpenSea after June 15, 2022, but less than those of Magiceden. This data suggests that adoptions on the L2-Ethereum chain are superior than those on the L1-Ethereum chain. Nonetheless, Magiceden, the L1-Solana-based NFT marketplace, continues to have the greatest adoption rate.
The line graph illustrates daily NFT sales volume (USD) by platform. After 15 June 2022, Quixotic NFT sales volume in USD tends to be lower than OpenSea and Magiceden. This indicates that Magiceden is the most popular platform presently. Although the Quixotic adoption rate is higher than that of OpenSea, the Quixotic NFT sales volume is still lower than that of OpenSea; hence, the NFT pricing on the L1-Ethereum chain is higher than that on the L2-Ethereum chain.
The bar graph depicts the daily number of NFT sellers in the Quixotic marketplace. The daily number of NFT sellers appears to be fluctuating over time, with ETH tokens exhibiting the most prominent pattern. Surprisingly, following July 2, the ETH price started to increase, which encouraged the increase in the number of NFT sellers on the Quixotic platform. This result also implies that the ETH token is the most extensively utilized in the Quixotic NFT market.
> # Conclusion:
- We discovered that the total number of sales transactions was 19.7k transactions and the average number of sales transactions was 15.43 transactions per day.
- We discovered that the total number of NFT sellers was 10.02k sellers and the average number of NFT sellers was 7.84 sellers per day.
- We found that the total number of NFT buyers was 10.42k buyers and the average number of NFT buyers was 8.16 buyers per day.
- We found that the total amount of NFT sales was 411km USD and the average amount of NFT sales was 322 USD per day.
- We noticed that the majority of Quixotic NFT sales transactions were paid in the ETH token.
- We determined that the ETH price began to increase after July 2, which triggered an increase in the number of sales transactions, number of NFT sellers, number of NFT buyers, and NFT sales volume on the Quixotic platform.
- We found that the bulk of NFT sales volume was generated by buyers categorized as Shrimp, Crab, and Octopus, indicating that the Quixotic NFT market was driven by typical wallets.
- Furthermore, we discovered that the Optipunk and Apetimism collections accounted for the majority of the overall NFT sales volume by NFT projects on the Quixotic platform.
- Even if the Quixotic adoption rate was higher than OpenSea's, the Quixotic NFT sales volume was still smaller than OpenSea's; hence, the NFT price on the L1-Ethereum chain was higher than that on the L2-Ethereum chain.