Solport vs. Magic Eden

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    The purpose of this analysis

    • To compare the NFT sales volume on Solport to Magic Eden's sales volume since March 12th, 2022.
    • To investigate unique wallets that have used Solport over that timeframe compared to Magic Eden.
    • To compare Taiyo Robotics sales on each marketplace in terms of sales volume and the number of unique wallets.

    What Is Solport?

    Solport is a non-fungible token marketplace based on the Solana blockchain. It includes features such as rarity screening, user auctioning, and marketplace activity notifications through Discord/Telegram. There are no listing or refund fees on Solport. Solport, on the other hand, levies a 2% fee to vendors. Additionally, they have a list of notable Solana projects, like Monkey Business and Realm Kings Mutant. Solport Marketplace supports two popular wallets: Phantom and Solflare.

    What Is Magic Eden?

    The most well-known Solana NFT marketplace is Magic Eden, where you may create, sell, and purchase NFTs. They don't charge a listing fee, however a 2% transaction fee is charged. At the moment, Magic Eden only accepts a small number of projects and supports practically all Solana wallets. On the other hand, creators may establish their own royalties and get paid as soon as a sale is achieved. Magic Eden Launchpad's products and services are meant to assist creators in minting their collections without the need for technical expertise. As previously stated, they are only accepting a limited amount of projects at this time.

    Analysis I:

    This section compares the NFT sales volume on Solport to the sales volume on Magic Eden since March 12th, 2022. In addition, we compare unique wallets that have utilized Solport and Magic Eden within that time period.

    Analysis II:

    Since March 12th, 2022, this section compares Taiyo Robotics' NFT sales volume on Solport against that of Magic Eden. We also compare unique wallets that purchased Taiyo Robotics using Solport and Magic Eden at that time period.

    Observation I:

    The NFT sales volume and number of unique wallets on Magic Eden v2 are considerably greater than those on Solport one for the time period analyzed, indicating that Magic Eden v2 is acquiring a lot of popularity with users who wish to purchase NFT in the Solana ecosystem, as seen in the above results.

    Observation II:

    When looking into Taiyo Robotics' NFT collection, we discovered that the sales volume and number of unique wallets on Magic Eden were substantially greater than those on Solport between March 12th and March 27th, 2022, according to the two most recent data. However, starting on March 28th, 2022, the sales volume and number of unique wallets on Solport surpass those on Magic Eden, indicating that the Taiyo Robotics collection on Solport is getting a lot of popularity in the Solana ecosystem.