The Battle of the Solana NFT Aggregator
Overview
There is a new trend in Solana ecosystem which is NFT aggregator. Such aggregators display multiple NFTs listed on various marketplaces and allow traders and investors to easily trade NFTs from those marketplaces.
Two most popular NFT aggregators on Solana are Hyperspace and Coral Cube.
This dashboard presents an overview of these NFT aggregators and provides comparison analytics.
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Descriptives
This section provides an overview of NFT sales on Solana. As can be seen the number and volume of NFT sales on Solana is growing. The dominant marketplace is Magic Eden. Interestingly, Coral Cube is the second most popular NFT platform in terms of number of sales and HadeSwap is the second most popular NFT platform in terms of volume.
Graphs next to this box show the average and median NFT price in the past [N] days.
In the past 30 days at the time of writing (2022-10-31) Magic Eden has the highest average. However, Monkey business platform has the highest median.
The second top platform in terms of average is Coral Cube. However, the median NFT price of Coral Cube is not amongst the top platforms.
Hypersapce vs Coral Cube Relative to each other over time
Graphs below show the relative number and volume of NFT sales and number of NFTs sold over time. We can see that since the launch of Hyperspace, this platform has outperformed Coral Cube in terms of the volume of Sales.
In terms of number of sales hyperspace is competing with Coral Cube.
Conclusion
The data shows that:
- NFT market on Solana is growing in terms of number of sales and volume of sales in SOL.
- In the past 30 days, Magic Eden was by far the most popular marketplace in terms of number and volume of sales.
- In the past 30 days, Coral Cube was the second most popular marketplace in terms of number of sales.
- In the past 30 days, the average and the median price of NFTs on Coral Cube was higher than on Hyperspace.
- In the past 24 hours, however, the average and the median price of NFTs on Hyperspace was higher than on Coral Cube.
- While Hyperspace is a newer NFT aggregator than Coral Cube, its popularity is gaining in recent two weeks.
- This maybe results from deGods popularity.
- To choose platform, hyperspace with a rapid growth can be more promising than Coral Cube.