Note : This article is highly influenced from my previous article on rand gallery NFT. You can check it out here

Introduction

ALGOxNFT is an online NFT marketplace based on the algorand block chain ecosystem where users can buy, sell or trade their NFTS.

Objectives

The objective of this article will be to analyze the sales on ALGOxNFT. We shall be looking at the total sales, volume of algo traded, fees and the costliest NFT. The important things we'll look at are

1. Show Daily NFT sale volume in # of sales, ALGOs, and USD over time.
2. Show how much ALGOxNFT has earned in fees daily and accumulated over time.
3. How many NFTs have been sold through ALGOxNFT and what is the total -volume in ALGOs of NFT sales.
4. What was the biggest NFT sale in both ALGOs and USD. What was the NFT?

Methodology

While there is no set address for ALGOxNFT , all fees related to the sales are deposited to a single address, XNFT36FUCFRR6CK675FW4BEBCCCOJ4HOSMGCN6J2W6ZMB34KM2ENTNQCP4 the ALGOxNFT fees address. So in order to identify the sales of NFT on ALGOxNFT. We look at the receiver address. We first find all the transactions with the receiver address, XNFT36FUCFRR6CK675FW4BEBCCCOJ4HOSMGCN6J2W6ZMB34KM2ENTNQCP4 and then identify the associated tx_group_id. Using these tx_group_id, we look at all the transactions in that group. Breakdown of transactions

1. The highest would be the sale amount.
2. The txns to XNFT36FUCFRR6CK675FW4BEBCCCOJ4HOSMGCN6J2W6ZMB34KM2ENTNQCP4 would be the fees paid to ALGOxNFT.
3. The royalty = (total amount) - ((fees) + (sale amount )).

Analysis

We first look at the total number of sale made daily and also the total amount of algorand paid for NFT daily in ALGOxNFT.

1. Number of sales

The orange graph above shows the trend of number of sales, we can notice that the number of sales has risen considerably over the months , being the highest in the month of May 2022. The maximum sales recorded was on May 6 of 1600 sales.

2. Volume of sales in algorand

The blue graph above indicates the volume of nft sales. It can be seen that the volume also follows a very similar trend to the number of sales as expected. The most volume generated was during the month of May 2022 with the maximum volume generated a day being 72k algo on May 3,2022.

Fees

We now look at the fees generated by the ALGOxNFT by facilitating NFT sales.

A whooping 16 thousand NFTs were sold on ALGOxNFT since its inception. Add to that the thousands that are still to be sold makes ALGOxNFT one of the largest (if not the largest) NFT marketplace on algorand ecosystem.

Total volume in algo

We now look at the total volume of algos used for the NFT transfers

We notice that the Fees generated by ALGOxNFT has risen considerably over time. The maximum fees appears to have been collected in the month of May 2022. This also verifies our earlier analysis of number of sales and volume of sales. The maximum fees generated was 2620 algos on May 3 2022. The cummulative fees was 39k algo at the time of writing.

Total Number of NFT Sales

We notice that that a total of 1.07 Million algos were used for buying NFTs on ALGOxNFT. This roughly corresponds to 0.6 Million USD. (at the time of writing)

Top NFT

We now look at the most costliest NFT sold on the ALGOxNFT.

Al Goanna 439 created by Al Goanna was the costliest in terms of algo, it sold for 27.7K algos. Below is an image of it.

Royalties

We now look at the royalties generated by the NFTs to the creators and their trend over time.

Similar to the trend seen before, we notice that January 2022 was where a lot of trading happened. This also resulted in generating royalty revenues to the creator. It reached a peak of 13.5 k algos on April 23, 2022. The cumulative royalty till now is close to 400k algos.