Which platform has the highest volume of sales for Doodles?

Opensea leads in sales volume with an impressive 24,451 transactions, surpassing the second-ranking platform, Blur, which recorded 6,672 transactions. This is approximately 72% of total sales for Doodles as illustrated in the donut chart below.
Opensea also claims the highest total sales in both ETH and USD as the Sales by Platform chart illustrates. Conversely, Sudoswap and Rarible show lower transaction counts at 15 and 10, respectively. Interestingly, platforms like Looksrare and Rarible, despite having fewer transactions the average price is relatively high.
With this analysis, potential Doodles NFT investors are most likely to use Opensea due to the high volume of sales for Doodles.

What is the average platform fee for Doodles in each platform?
Rarible has the highest average platform fee at 1,158 USD, while Opensea is less than half the amount at 433 USD.

As the Platform Fees chart illustrates, considering that Opensea has a moderate average platform fee and the highest volume of sales for Doodles, potentional investors are most likely to choose Opensea as their platform. For investors who want to pay lower platform fees, they can choose Blur since it has a comparably high volume of sales, according to the previous analysis, with very low average platform fees at 2.70 USD.

What are some of the top priced Doodle NFTs?

Doodle #2238 (left) had the highest transaction at approximately 270 ETH. Doodle #448 (middle) and Doodle #7675 (right) are tied for second at 250 ETH.

Just by looking at the top three Doodles, each NFT has a different background, body, head, and shirt. Based on just visuals alone, it is difficult to conclude which traits are more popular, thus worth more investing.
However, according to the Opensea website, these NFTs rank #9, #24, and #13 respectively, out of 10,000 on the rarity rank. Therefore, we can assume Doodles NFT ranked higher on the rarity rank are most likely to have higher transaction prices as well.

Conclusion
According to this analysis, potential investors interested in Doodles NFTs are recommended to use either Opensea for a more active community or Blur for lower platform fees. Opensea has the highest volume of sales and a moderate platform fee while Blur had one of the lowest platform fees but with only a quarter of volume of sales compared to Opensea. Despite the large difference, Blur still followed second in volume of sales and has a very low platform fee, making it also a suitable platform for investing in Doodles NFTs.
By identifying top priced Doodles, we found they are usually ranked higher on the rarity rank shared by Opensea. Doodles with rare traits are likely to be considered more valuable, thus resulting in higher sales prices.
Despite a recent decline in the monthly average sales prices for Doodles, there has been a subtle upward trend in the past few months, coupled with moderate sales activity. This suggests that it might be an opportune time to consider investing in Doodles.

What is the monthly daily sales price for Doodles NFT?

According to the Average Sales Price line plot, Doodles NFT had high monthly sales price for a year after its initial launch in October 2021. Since then, there has been a gradual decline in average sales price reaching its lowest in September 2023. In the past few months, although very small, Doodles NFT is on a slight upward trend.

What is the daily transaction volume for Doodles NFT?

There was a peak in transaction volume in October 2021 following its launch and has stayed relatively low afterwards except for a few active periods as illustrated on the Transaction Volume line plot. Sales and transfers were very active during the first quarter of 2023 but has declined since then. From October to November transaction volume slightly increases but more observation points are needed to assume this trend.

Important Considerations

There are discrepancies in the results of this analysis in comparison to similar results available on the Opensea website.

Top priced Doodles may differ from Opensea's "Highest last sale" ranking.
Opensea's ranking places Doodle #6914 (pictured below) as the top priced Doodle NFT at 296 ETH however this specific doodle is not recorded on the ethereum.nft.ez_nft_metadata table, thus missing from this analysis.

How many Doodles do the top buyers own?
The top holder of Doodles NFT currently owns 304 Doodles. Second holder has less than half at 123 Doodles and third only holds 83 Doodles.

What is the ownership distribution for Doodles NFT?
According to the Ownership Distribution chart, 11,248 people own only one Doodle and 3,114 own two Doodles. It is also noteworthy that more than 700 people own 10 or more Doodles. By analyzing the ownership distribution, we can conclude that the ownership of Doodles is decentralized therefore contributes to a more stable market for Doodles NFTs.