Solana Bounty Q42: The Rise of DeGods

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    Objective:

    DeGods has developed into one of the most valuable NFT collections on Solana, because to its loyal community. Here, we create charts illustrating the amount of sales and unique wallet purchases made on Magic Eden since January 1st. We examine whether particular qualities have gotten more popular over time in anticipation of DeadGods, using the NFT database. $DUST is the token produced by DeGods for use in NFT auctions and will be required to convert DeGod art to DeadGod art. We then determine which swappers have traded for $DUST on Jupiter. Then, we examine whether it is associated with the wallets that purchased the most DeGods. Specifically, we discuss what will happen to the DeGods collection's pricing and $DUST when DeadGods launches on March 31st.

    Analysis I:

    This first analysis provides visualizations of the sales volume and unique wallet purchases made on Magic Eden since January 1st.

    As seen above, the daily sales volume and daily unique wallet purchasing charts are more likely to be unstable and exhibit prominent wave patterns. Additionally, both daily cumulative sales volume and unique wallet purchases have increased significantly throughout the time period considered, implying that increased buyer volume and unique wallet purchases will soon enter the DeGods.

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    Analysis II:

    This section identifies which swappers on Jupiter have exchanged for $DUST. Then, we check to see if it is linked to the wallets that purchased the most DeGods.

    As we interpret the three charts above, we believe that the price of the DeGods collection and $DUST may decrease when DeadGods launches on March 31st. This is because we discovered that the top ten $DUST swappers still have some of their $DUST tokens in their wallets and may sell some on the DeadGods launch date to profit.