Try Quests to earn cryptoSolana NFT All-Stars
Compare 1/1 NFTs from popular Solana collections such as Degen Apes, DeGods, and Catalina Whales featuring sports jerseys and other similar attributes.
Charts based on Catalina Whales collections
Introduction
👀 What Is Solana?
Understanding Solana’s rapid growth requires a basic understanding of a problem proposed by Vitalik Buterin, known as the Blockchain Trilemma. It is widely understood that a blockchain can only optimize for two of three concepts: decentralisation, scalability, and security. Since 2016 layer one blockchain projects have launched attempting to solve this issue by creating chains that can maintain some degree of credible decentralization and security as well as scalability.
Solana is one such network that introduced a hybrid consensus model integrating a novel PoH (Proof of History) algorithm with PoS (Proof of Stake), giving the network a throughput claiming to rival TradFi payment processors such as Visa. Solana boosters say it represents a blockchain project capable of scaling to global demand; in numbers, Ethereum averages 13 transactions per second, whereas Solana has a theoretical throughput of 65,000 transactions per second. Solana arguably sacrificed decentralization in favor of scalability, but this has been the core factor driving the network’s popularity as greater scalability equates to faster transactions at lower costs.
Solana has risen to prominence, and a portion of the activity on the Ethereum network has migrated to this blockchain with lower gas fees and less congestion. A key growth area is the NFT space, and this article provides the reader with everything they need to know to become an active participant in the Solana network and begin minting, trading, and selling NFTs.
👀 What are Solana NFTs?
In short, a Solana NFT is simply an NFT stored on the Solana blockchain.
But what does that mean, exactly? An NFT or Non-Fungible Token is a blockchain-based certificate verifying ownership. These cryptographic assets and their contained metadata are unique and, therefore, non-fungible. The concept of fungibility relates to the quality of interchangeability; a dollar can be exchanged for another dollar, a bitcoin can be exchanged for another bitcoin, and a SOL can be exchanged for another SOL; hence these items are fungible. Something which is non-fungible cannot be exchanged, and many (but not all, such as ERC-1155s) NFT are unique and individual; therefore cannot be exchanged for another. Nansen provides a full overview: Everything You Need to Know About NFTs.
Methodology
👀 To get the data, the solana.fact_nft_sales table was first used and the data was separated with the succeeded = 'TRUE' filter, then I joined the solana.dim_nft_metadata table and filtered the data based on each collection of NFTs. In the following, I divided the collections into 2 parts, 'Sport Jersey' and 'Non-Sport', and the model that I show in the graphs below is as follows:
- SELLER Count 📊
- Buyers Count📊
- Sale Volume 📊
- Sale Number 📊
- Average Selle📊
- r Average Buyer📊
- s Average Sale Volume📊
📈 Charts are also displayed on a daily basis😉
Charts based on Degen Apes collections
👀Analyze
It can be seen that Non-Sport jerseys are superior to Sports-jerseys in the number of buyers and sellers It is the same in the volume and number of sales In the average graphs, it is the same way that Non-Sport jerseys are superior to Sport-jerseys
In the daily sales chart, it can be seen that at the end of January and the beginning of February, as well as in March and the beginning of April, the market had a good jump in Non-Sport, and this figure reached $25K on March 31 📅 Non-Sport' have an advantage in sales volume
The number of buyers has reached its highest number on 26 March 📅 with 91 and the number of sellers chart has increased and decreased a lot. The daily sales chart has a direct relationship with the daily volume chart.
👀Analyze
Darab is superior in the number of Non-Sport buyers with 88% 💯
"Non-Sport" is superior in the number of sellers with 89%, "Non-Sport" is superior in the number of sales and volume of exposure.
In the daily sales volume, the highest amount was recorded on August 27 📅, $48K for Non-Sport, and it can be seen that Non-Sports have an advantage in the sales volume.
In the beginning, this routine had a good increase in the number of sales and reached 224 units in the Non-Sport category on February 23 📅.
It can be seen that the number of sellers and buyers in Non-Sport is much more than Jerseys-Sport
Charts based on DeGods collections
👀Analyze
It excels in the number of Non-Sport sales with 94%💯
It excels in the number of Non-Sport sellers with 90%💯
in the number of Non-Sport buyers with 91% And 💯
it is superior in Non-Sport sales volume with 94% 💯 In the daily sales volume,
it can be seen that Non-Sport has an advantage and the highest sales volume of Non-Sport is $13K at the beginning on December 18, 2021📅
And the number of sellers, which has a direct relationship with the sales volume, is the highest on December 18, 2021 📅
with 3,020 It has superiority in the number of Non-Sport sellers It has an advantage in the number of Non-Sport buyers
Conclusion
It can be seen that the three collections Degen Apes, DeGods, and Catalina Whales featuring, according to the graphs,
'Non-Sport' has superiority over 'jerseys-Sport' and the number of buyers and sellers and the volume and number of sales in the general graphs.
And this is completely clear on a daily basis According to the daily charts, it can be seen that the volume and number of daily sales in the three collections Degen Apes,
DeGods, and Catalina Whales are decreasing and this trend is downward.😣