Try Quests to earn SOLQuix vs Magic Eden vs OpenSea
Method⚡
For solving this bounty and gather the data for these collections comparison, I used ==Solana== database for ==Magic Eden==, ==Ethereum.core== database for ==OpenSea== and ==Optimism.core== for ==Quixotic== from Flipsidecrypto and multiple tables to mix all the raw data and bring something out of it.
I used ==“solana.core.fact_nft_sales”== for Magic Eden and ==“solana.fact_swaps”== for Sol price.
==“optimism.core.fact_event_logs”== , ==“optimism.core.fact_hourly_token_prices”== , ==“optimism.core.fact_transactions”== , ==“optimism.core.fact_token_transfers”==
and ==“optimism.core.ez_nft_sales”== for Quixotic.
==“ethereum.core.ez_nft_sales”== for OpenSea.
Also i used Log Scale on some charts to understand the data better.
All the data and charts provided in this dashboard that you are going to see are since July 2022. (2022-07-01)
Introductionđźš©
What is Magic Eden?
Magic Eden is a decentralized NFT buying and selling platform that allows users to buy, sell and trade unique digital assets. It is built on the Solana blockchain and allows users to interact with each other in a trustless environment.
More Info
What is OpenSea?
OpenSea is one of the most well-known marketplaces, where users can buy and sell non-fungible tokens (NFTs). NFTs are unique digital assets that come in many forms. They are often collectible and include a wide variety of art, in-game assets like avatars, metaverse land, community access passes, trading cards, music, and even domain names.
More Info
What is Quixotic?
Quixotic is an NFT Marketplace project focusing on Digital Cards Collectibles, bringing these conventional items from the traditional world into the crypto space. The project believes that every single physical art form needs to be stored and digitized to keep as an original version.
More Info
Findingsđź‘€
- Magic Eden did very well in past 3 months
- Although OpenSea is better known between people but Magic Eden stats were so close to OpenSea. Magic Eden crossed OpenSea in multiple charts on Sep 7th and recorded its peak for almost every stats that i analyzed except volume since July
- OpenSea did not do anything special or any special move in the last 3 months
- After Aug 10th, Opensea volume started to drop slowly and now since then it dropped like 60%
- September was a good month for Quixotic so far and from Sep 20th until Sep 25th its stats rised dramatically
- If Magic Eden continues this momentum, it can eat OpenSea for breakfast in the near future
- After Aug 27th, Magic Eden Stats like buyers,sellers,sales,traded NFTs and volume started to rise very slowly and they suddenly got pumped on Sep 7th
- On Sep 7th(Magic Eden’s peak day), Magic Eden buyers and sellers crossed OpenSea and went above it but they could not hang on there and dropped under OpenSea again
- After July 16th, Magic Eden did better on number of sales than OpenSea
- Quixotic number of sales,buyers and sellers actually pumped twice in September, once on Sep 1st and the second one was Sep 20-Sep 25 . Quixotic also recorded its buyers peak on Sep 21th and sellers peak on Sep 23th, seems like who bought NFTs on Sep 21th, sold it 2 days later for some reason
Findingsđź‘€
- Looks like in OpenSea and Magic Eden people who bought 2-10 times are more than others but in Quixotic its not that way and the people who bought once are more than others
- Most of people in Magic Eden and OpenSea are spending 100$-1000$ on NFTs and in Quixotic people are spending under 10$ for flipping NFTs and i think Quixotic NFTs are cheaper than Magic Eden and OpenSea
- There are not many users that spend so much money on NFTs in Quixotic but in the other 2 there are so may people that buying expensive NFTs such as Bored apes or ABC
- ==“0x6431616a013198a7015ee181ec5bd88db65f6e8f”== has the highest sales in Quixotic since July and ==“0xbbbbbbbef0a891b553f4b43864de6c7f9a8bdf24”== has the highest volume in Quixotic and he is in sales top 5 too
- ==“0x36c72892fcc72b52fa3b82ed3bb2a467d9079b9a”== address is the most active trader in OpenSea with 13,448K total sales and 3.7M volume and this address recorded these huge numbers all by himself
- ==“7Rb5BKMC85HamvoEHvA4AR8kgpVubUjq679KcCosmrUs”== has the highest number of sales in Magic Eden since July with 13.44K sales
- ==“GAVhJ6sGpaPiHujKZAYW56LZN39n7Mmvq3ne176ArFMF”==
==“36PN7ECf3xzS7Hi8XUUcD47Fw9uLEq5iLrEJcVaaoPtd”== these 2 addresses recorded the highest volume in Magic Eden since July and they are in sales top 5 too
Findingsđź‘€
- ==“0xa95579592078783b409803ddc75bb402c217a924”== has the highest number of sales in Quixotic since July and he is the second highest volume too
- ==“0xbbbbbbbef0a891b553f4b43864de6c7f9a8bdf24”== recorded the highest volume in Quixotic and he is the biggest seller by volume
- ==“0x3e71f87fc14c5c429057abb9637a08a0692bb467”== and ==“0x3a8713065e4daa9603b91ef35d6a8336ef7b26c6”== are by far the biggest sellers in OpenSea
- ==“DnQqvSykMXXYJcPp6s7sSbutEjyH1zWYKA9q46gA87is”== and ==“7g2bSCut8dHdELfyTpDkEF1gPM4PPn1jn7Yi1FACCivD”== are the biggest sellers in Magic Eden by Volume and Sales
- As we see in charts, The biggest seller by volume is not necessarily the biggest seller by sales
- Sellers on Magic Eden and OpenSea were mostly sold their NFTs 2-10 times and their number is so close to the people who sold once
- Large sellers in OpenSea and Magic Eden have something to say but in Quixotic there are just a few of them
- Most of sellers in Quixotic sold once
- There were just 1 person who sold his assets by a large volume in Quixotic in past 3 months
- Like buyers, most of sellers by volume are 100$-1000$ in OpenSea and Magic Eden
Findingsđź‘€
- Boredapeyachtclup recorded 62M volume in USD just by itself and it is almost 25% of Magic Eden’s Total Volume in past 3 months
- Most popular collection in Magic Eden is ABC with 403K volume in sol and its volume is almost 100K more than the second ones(DeGods)
- OpenSea collections are recording great volumes in USD and as we see there are so many high balance wallets in OpenSea that are trading NFTs
- Optichads is the most popular collection in Quixotic with 277K volume in USD
OpenSea and Quixotic volume is in USD and Magic Eden volume is in SOL
Conclusionđź’ˇ
- Quixotic looks so tiny when we compare it to Magic Eden and OpenSea
- OpenSea has more than 1M Volume in USD more than Magic Eden but Magic Eden has more sales than OpenSea in past 3 months and the volume big difference is because of OpenSea NFT collections expensive prices
- Quix recorded 176K volume in USD and 16.36K sales in past 3 months, they are good stats for itself but in comparison with the other 2 we cant even see it
- OpenSea is older than the other 2 and Magic Eden is older than Quix so the difference in the stats totally makes sense
- Sep 7th and Sep 8th were good days for Magic Eden and it recorded its peak on several stats on those days
- Magic Eden largest volume in past 3 months was on Sep 6th
- Gradually over time since July, Magic Eden got better day by day and crossed OpenSea for multiple times
- OpenSea buyers and sellers have more power than Magic Eden or Quixotic buyers and sellers(Specially the first buyer and seller)
- Most popular collections since July are: ABC in Magic Eden, Boredapeyachtclub in OpenSea and Optichads in Quixotic