📝 Introduction

The Sandbox (SAND) in the cryptocurrency market is a virtual world where players have the ability to build, own and earn money through their experiences on the Ethereum blockchain. The initial fame of Sandbox (SAND) was due to its two mobile updates in 2011 and 2016, which generated 40 million downloads in the Android and iOS space. The native token of this platform is called SAND, which is required to use in-game features.

🔵 History of The Sandbox(SAND)

As mentioned, the fame of this project is due to its two updates called ''Sandbox'' in 2011 and ''Sandbox Revolution'' in 2016, which resulted in a total of 40 million downloads on iOS and Android phones.

In 2018, Pixowl, the developer, decided to transfer this exciting and successful game between users from the mobile phone to the blockchain. His main goal was to differentiate Sandbox from other games like ''Minecraft'' and ''Roblex''. He implemented this distinction by giving the creators of the in-game creatures ownership to themselves in the form of NFT.

In addition, it included rewards for participants in the sandbox game (SAND).

It should be noted that this project is one of the best NFT projects.

⚪ The first phase in the history of The Sandbox

The original idea of ​​Sandbox was born in 2011. After nurturing the initial idea, a beta version was made available for public use in 2012. In this version of the sandbox, players were able to display their pixel arts using limited facilities. This incident made players experience freedom of action in the gaming space for the first time. For this reason, Sandbox in this version managed to attract 500 users daily.

This event increased the capital of the programming team of this project by about 5 million dollars.

It should be noted that during that period, SAND currency or any other token had not yet entered the game space.

The popularity of this game was so high that iTunes introduced it as one of its top games. On the other hand, during 4 years, 45 updates for The Sandbox game happened from the side of the project team. During these 4 years, more than 1.5 million 2D worlds were created by users on this platform, which took a total of 150 million hours.

⚪ The second phase in the history of The Sandbox

The second phase in The Sandbox project started in June 2016. At first, The Sandbox team provided a new version of this game to the users. This version had significant differences with the previous games. The name of this version in which the game was given a very special effect was The Sandbox Evolution.

In the previous versions, users often felt the space limitation in the game process. For this reason, in this update, the dimensions of the worlds increased 10 times. In addition, in the new version users were able to destroy or rebuild a world. It should be noted that all these events took place in a 2D space.

One of the important events of this period was the introduction of cryptocurrency on The Sandbox platform. In this version, players were able to earn cryptocurrency by performing activities or creating content.

It should be noted that this currency had no blockchain support and therefore lacked the ability to buy and sell.

⚪ The third phase in the history of The Sandbox

Finally, the phase in which the game is now is the third phase. The final version of the game called The Sandbox was made available to users in 2018. This version was built on the basis of blockchain, and its native token was also able to be bought and sold on the Ethereum blockchain.

The native token of this game was considered as the main economy of the game, which was actually designed very well. Changing this game to the 3D version in this update, increased the income of users and the network's team.

One of the most attractive points about The Sandbox game is its multiplayer.

It should be noted that despite the management and development of this platform by its developer team, the sandbox game was purchased by Animoca Brands.

In this dashboard, the ==SAND== token is analyzed as the economic base of ==the Sandbox== project.

📃 Purposes of dashboard

In this dashboard, the performance of SAND token is evaluated in terms of price, volume and number of transfers and volume and number of swaps. The following metrics are used for detailed analysis:

🟡 Price Analysis

• Price per Day
• Price ATH
• Maximum Price Changes
• Range of Price Changes
• SAND Price vs. ETH Price & SAND Price vs. BTC Price
• Correlation Analysis: between SAND and ETH & between SAND and BTC

🟡 Transfers Analysis

• Volume of Transfers
• Number of Senders & Receivers & Transfers
• Top 20 SAND Senders/Receivers Based on Transfers Volume/Count
• Top 20 Addresses with the Most Tokens Collected
• Classification of Senders/Receivers Based on Volume
• Distribution of the Number of SAND Transfers/Receipts among Senders/Receivers

🟡 Swap Analysis

• Swap Count/Volume
• Daily Statistical Data (Average, Median, Maximum, Minimum)
• Top 20 SAND Buyers/Sellers based Purchases/Sales Volume/Count
• Classification of SAND Buyers Based on Volume ($USD)
• Distribution of SAND Purchases/Sales Count
• SAND Swap Volume on DEXs
• Distribution of Tokens Swapped with SAND (Tokens → SAND)
• Distribution of Tokens Purchased with SAND (SAND → Tokens)

✍🏻 Methodology

In this dashboard, the following tables are used to extract data:

• ethereum.core.fact_hourly_token_prices → ***This table has been used to extract all the data related to SAND price. ***
• ethereum.core.ez_token_transfers → Data related to SAND token transfers is retrieved from this table.
• ethereum.core.dim_labels → This table is used to find different address labels.
• ethereum.core.ez_dex_swaps→ All information related to the status of SAND tokens swaps is extracted from this table.
• The time frame considered in this dashboard → from the beginning of 2021 until now → block_timestamp::date>='2021-01-01'

SAND Transfers Analysis

• The highest volume of SAND token transfers was recorded in July 2021. This is while the largest volume of transfers of this token in terms of USD is related to November 2021. In November, the number of transfers, the number of sender addresses and the number of receiver addresses of the SAND token also reached their highest values.

• In 2022, the trend related to the volume of SAND token transfers between different addresses has been decreasing.

• Until October 2021, there was not much difference between the number of SAND token sender and receiver addresses. However, since November 2021, the number of receiver addresses has increased more than the number of SAND token sender addresses.

• The address related to ‘‘upbit deposit wallet’’ has so far sent the largest amount of SAND tokens to other addresses. The binance14 address is also in the second place, but the amount of tokens transferred by this address in terms of USD is more than the upbit deposit wallet address.

• Binance14== address is the top address in terms of receiving the largest amount of SAND tokens. This address also recorded the highest number of transfers. ==binance14== also recorded the highest number of SAND token transfers. (41.1k SAND transfers between approximately 24.8k unique recipients)

• The address related to ==‘‘crypto.com 2’’== has also sent SAND tokens to the highest number of unique addresses.

• The ==sand-weth uni-v2 lp== address has been the destination of the largest number of SAND token transfers.

• The names of many centralized exchanges can be seen among the top addresses.

• The three addresses that have net collected the most SAND tokens since the beginning of 2021 are:

  1- 0x0404d96d2583799bc73edb8d230aa037fc22b379

  2- Binance 8

  3- binance hot wallet

• The largest number of SAND token senders have sent amounts between 1k and 10k tokens to other addresses. (36%)

• 1794 unique addresses have sent more than 1M SAND tokens to other addresses.

• So far, only 432 addresses have sent less than 1 SAND token to other addresses.

• The largest number of SAND token receivers have received between 100 and 1000 tokens.

• The lowest number of users received less than 1 SAND token.

• 1555 unique addresses have received more than 1M of SAND token so far.

• About 129.5k SAND token senders have recorded only one transfer transaction.

• About 285.1k unique addresses have received SAND token in just one transaction.

SAND Price Analysis

• The highest price of the SAND token was recorded on November 25, 2021, equal to $8.27.
• The highest daily price changes of the SAND token were recorded on November 24, 2021 and equal to $2.42.
• Since December 2021, the price of the SAND token has entered a downward trend.
• The SAND token recorded the most price changes in November and December 2021.
• The price changes of the SAND token in the past days were between 1 and 3 cents.
• Since the end of November 2021, the price trend of SAND has been similar to the price trend of ETH and BTC.
• Checking the correlation coefficient shows that the correlation between the price of the SAND token and the price of the ETH coin is more than twice the correlation between the price of the SAND token and the BTC coin.

SAND Swap Analysis

• The highest number of SAND token purchases and sales was recorded in November 2021.

  • Number of purchase transactions → 36.08k

  • Number of sales transactions → 20.38k

    The number of SAND token purchase transactions this month was about 16k more than the number of sales transactions. The SAND token had the highest number of unique buyers and sellers this month. But the number of buyers was 12.74k more than the number of sellers. (21.195k vs. 8455)

    In the same month, the volume of buying and selling of SAND token also recorded the highest value of all time.

    • Purchase volume → 142.3504M SAND ($575.0049 USD)
    • Sales volume → 136.5941M SAND (555.4569 $USD)
• Since December 2021, the number of swaps, the number of buyers and sellers of the SAND token has entered a downward trend. The SAND token swap volume chart clearly shows a strong downtrend. This downward trend is directly affected by the bear market. In the previous part, the analysis of the price chart also showed that the prices of ETH and BTC coins entered a downward trend since December. 🐻
• Statistical data related to SAND swap status in the daily time frame:
  • The average daily purchase volume of SAND tokens is about 29.4k ($21.3k USD) more than its sales volume.
  • In half of the days, the buying volume was more than 1.041M SAND ($872.3k USD). This amount for the sales volume was about 1.211M SAND (1.047M $USD).
  • The highest volumes of buying and selling recorded in one day are respectively:
    • 67.62M SAND (68.38M $USD)
    • 55.56M SAND (59.72M $USD)
  • The average number of daily purchases is about 65 transactions more than the number of transactions related to the sale of SAND tokens. (284 vs. 219)
  • The number of SAND token purchase transactions was more than 174 transactions in half of the days. This is despite the fact that in half of the days, the number of transactions related to the sale of SAND tokens was more than 147 transactions.
  • The highest number of buying and selling transactions recorded in one day are → 5660 & 2156
  • The number of SAND token buyers in the daily time frame is more than the number of sellers of this token (212 buyers vs. 155 sellers).
  • In half of the days, the number of buyers and sellers was more than 124 and 105 users, respectively.
• The address ==0x4da0eda15a164e78fddc0eddbee9295a78aa230e== had the largest purchase volume of SAND tokens with 7712 purchases and a volume equal to 195.117M SAND ($208.054M USD). The same address had the highest sales volume with 7719 sales and a volume equal to 194.96M SAND ($210.197M USD). Other top addresses are:
  • 0x3a8e730807c58facb9a55f94bee7c28eb01b35f5
  • 0xe644f7b1c2f3bf68686c3298cefe434febdb9415
  • 0x0c4f0c0e59318048162b6b9ffe71a5f8f467cd29
• Most buyers have purchased a volume between 100 USD and 1000 USD (41%). This is while most sellers have sold a volume between 1000 and 10000 USD (38%).
• About 61,018 unique addresses have purchased SAND tokens in just one transaction. While the number of sellers who recorded only one transaction is equal to: 35746 addresses
• The largest volume of swap of SAND tokens is recorded in Uniswap.
• The top currencies traded with SAND are: WETH, REVV and USDC

Correlation(SAND,ETH)=0.587

Correlation(SAND,BTC)=0.247

💡 Conclusion

In this dashboard, the performance of SAND token was analyzed in terms of price, transfer status and swap status. Some of the most important results obtained are:

• The highest price of SAND was $8.28, which was recorded in November 2021.
• The most daily price changes of the SAND token were recorded in the months of November and December 2021.
• SAND token price correlation with ETH is higher than SAND price correlation with BTC.
• Since December 2021, the SAND token price has entered a downward trend.
• The highest volume of SAND token transfers was recorded in November 2021.
• The addresses of Binance, Upbit and Crypto.com exchanges have made the most SAND token transfers.
• The address 0x0404d96d2583799bc73edb8d230aa037fc22b379 has collected the largest amount of SAND tokens since the beginning of 2021.
• Most addresses receive a volume between 100 and 1000 SAND tokens, while most sender addresses send a volume between 1000 and 10000 SAND tokens.
• The highest volume of swaps was also recorded in November 2021, and since December, the volume and number of swaps of this token has entered a downward trend.
• In the daily time frame, the number of buyers and purchases, as well as the volume of purchases of SAND tokens, was more than the number of sellers, the number of sales, and the volume of sales.
• The most SAND token swaps are related to the address 0x4da0eda15a164e78fddc0eddbee9295a78aa230e.
• Most buyers buy a volume between 100 and 1000 $USD, while most sellers sell a volume between 1000 and 10000 $USD.
• Among the different DEXs, the most SAND transactions are recorded in Uniswap.

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Analyst: Emanoel

***Twitter: ***

Discord: Eman#9698

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Special thanks to the Flipsidecrypto 🧡