Try Quests to earn FLOWNFT Comparison
Compare and contrast the NFT market and ecosystem across at least three different chains (you can do more if you wish, but there must be at least three included.) Explain how the various chains differ in terms of metrics such as: Total Sales Total Unique Buyers Total Volume Average Sales/Day Average Buyers/Day Average Sales Price/Day
What we will cover in this dashboard?
We are going to compare these chains on different parts so sit tight and enjoy the ride.
Parts:
- Total and Daily Sales Comparison
- Total and Daily Volume Comparison
- Total and Daily Buyers Comparison
- Daily Average Price Comparison
- These Metrics That I Mentioned Earlier But Cumulative
Method
For solving this problem i analyzed nft stats for 4 chain ==(Ethereum,Solana,Flow,Optimism)== and compared them to each other to see who is the biggest.
I used ==“ethereum.core.ez_nft_sales”== table from ==Ethereum== data for Ethereum NFTs, ==“solana.core.fact_nft_sales”== table from ==Solana== data for Solana NFTs, ==“flow.core.ez_nft_sales”== table from ==Flow== data for Flow NFTs and ==“optimism.core.ez_nft_sales”== table from ==Optimism== data for Optimism NFTs. I grabbed all these data from Flipside data.
All the data that i analyzed and you are going to see are from the beginning of the year
(2022-01-01)
Introduction
What Is a Non-Fungible Token (NFT)?
Non-fungible tokens (NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other.
Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency. This differs from fungible tokens like cryptocurrencies, which are identical to each other and, therefore, can serve as a medium for commercial transactions.
More Info
Observations
- Chains order by sales from highest to lowest ----->1 .Ethereum 2.Solana 3.Flow 4.Optimism
- In the last 3 months Flow,Ethereum and Solana sales are almost the same
- According to the line and bar chart Flow NFTs launched at April 20th 2022 and on April 22th 2022 Flow NFTs recorded their highest sales and after that dropped slowly with a gentle slope
- Ethereum NFT sales were always bigger than Solana and Optimism sales but when flow NFTs launched, There were some days that Flow sales were bigger than Ethereum sales
- As we see in the pie chart, Ethereum with almost 15M total sales is in the lead and solana is in the second place with 13.16M sales
- Looks like people didnt welcome that much to Optimism NFTs and although they launched at Dec 2021, they only recorded 70K sales
Observations
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Ethereum volume is massively higher than others on everyday since the beginning of the year for sure
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I used log scale for the line chart to better understand the data, and as we see in the line chart,
all chains volume dropped a little since the beginning of the year but Optimism volume dropped almost 95% since Jan 2022
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After April 2022 all chains volume dropped and it was because of the bearish market
Observations
- There are some days that Solana buyers are more than Ethereum buyers but in overall Ethereum buyers are higher than other chains like other stats
- Solana recorded its highest number of buyers on Sep 7th 2022 with 258K buyers and its a huge number for buyers
- Recently Solana buyers increased i mean since the beginning of September
- Flow buyers didnt really changed since its NFTs has launched
Conclusion
- Ethereum is bigger than other 3 chains on every stats that i analyzed and Solana is the second one
- Looks like people dont like Optimism NFTs that much
- Bearish market did some effect on NFTs and their stats dropped because of that
- Opensea is the biggest NFT market place and its on Ethereum and i think because of that Ethereum has the biggest stats between all chains
- Although Flow NFTs launched at April 2022, they recorded massive stats in this short period of time