Aurory

What is Aurory?

Aurory is a turn-based, JRPG, Play-catch-earn or simply play-to-earn game, that’s free to get started with and that is built on the Solana blockchain.

The game description:

> Players are invited to explore a rich and diverse universe where they will travel across the worlds of Antik and Tokané as they complete quests, discover lost relics, defeat enemies, and compete against other players using creatures called “Nefties".

Token and NFT holders of Aurory are called Aurorians.

Agenda for this investigation:

1. Price to Volume Correlation
2. Staking
3. Summary & Evaluation

1. Price to Volume Correlation

In the following section we’ll be looking at volume or volume-proxy metrics to try to identify if there’s any correlation between sales volume and the price of the AURY token.

What can be seen is that both in terms of the number of transactions and in terms of volume there’s little to no correlation, other than the fact that as the AURY price started dropping the average amount SOL per purchase transaction increased. But this is just due to the popularity of the project and SOL prices declining so users increasing their sale prices.

Some interesting points that show correlation as such, on Feb 1st on the first dip there was a spike in the number of transactions and in volume, then again this is the case around March with volume leading to some positive price correlation then again June 2nd at a much smaller capacity.

Because of the fact that there are only 2-3 data points that have semi-direct correlation, they are not sufficient enough to conclude that volume and price are directly correlated. In fact, it seems that price action is mainly correlated with speculation about the token itself.

2. Staking

Let’s now look at the staking behaviour of the Aurorian NFTs themselves. Kudos to Dino-Crew (forked following queries) for looking into the staking behaviour.

What we can see, in terms of Aurorian NFT staking, in the last 60 days, is that there was a massive spike around April 17th and ever since there has been a decrease with the average staked count being around 1.1k a day. Which is not shabby at all! What we can also see is that the total number of unique staked Aurorians in the past 60 days is 6.66k which is much less than expected when looking at the daily staked chart. This probably means that users may choose to stake, then unstake then stake again later on, which is why we’re seeing this behaviour. What needs to be noted is that users that stake their NFTs get exclusive skins and in-game powerups. There are tier levels to these. There’s Tier 1 where the user needs to stake 1 Aurorian NFT, 2 for 2,3 for 3 and then 4 for 4 respectively. What we can see, is that the majority of staked Aurorian NFTs are tier 1, as it’s the most common one to be in, at about 61% and the least common, tier 4 has only about 8% of the share.

3. Summary & Evaluation

What we’ve investigated in this dashboard is price correlation with sales volume and transaction volume for Aurory Token and Aurorian NFTs respectively. What we’ve seen is that there is some correlation, but that this correlation is coincidental and thus we cannot conclude that there’s a strong correlation between price and volume. We then looked at staked Aurorian NFTs and the different tiers that people have, what tier is the most prominent (currently) and what is the least prominent (currently) one.

What I would have really liked to look into would be the airdropped NFTs and what their users do with them. Did they sell them, stake them or just hold them?

Again special thanks to Dino-Crew for the staked amount queries. I forked them from her.