Optimism NFT Purchasing Behavior

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    About ==180,000 sales== have been made in Optimism. The number of buyers is ==higher== than the number of sellers, and this indicates more demand in Optimism Marketplaces. The sales volume of NFTs was more than ==5.6 million== dollars. The overall ==average volume per purchase== is about ==30== dollars. The ==highest NFT== sold in Optimism was sold ==above $14K==.

    The lowest amount was 0$

    METHOD

    > In this dashboard, we will analyze the NFT purchasing behaviors of users and also see if there is a limit to how high a floor for an NFT collection on Optimism can reach compared to on Ethereum.

    • First, we calculate overall ==sales, sales volume, buyers and sellers== Then we analyze the above case on a ==daily==, ==weekly==, and ==monthly== basis.
    • NFTs are bought and sold with ==OP== and ==ETH== on the Optimism network After that, we will compare the ==sales volume== and its ==average== in the Optimism network and Ethereum
    • We also examine sales ==distribution==, sales volume, and the number of buyers based on sales in Op and Eth tokens.
    • And we also check the ==top 10 collections== in each network based on the ==highest sales amount

    The following tables have been used to analyze the following cases:

    optimism.core.ez_nft_sales

    ethereum.core.ez_nft_sales

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    With a glance at the graphs, we can see that the volume of sales with the ==OP token== is much lower, and even in July, we did not have any purchases or sales with this token.

    On the other hand, with the ==ETH token==, we can see that the sales and purchases were very low until May, and after that, the sales suddenly increased, which could be due to the addition of ==more marketplaces== in the Optimism network.

    We almost see a ==sinusoidal selloff== in optimism It has had many ups and downs from May to September.

    If we pay attention, the distance between the growth of buyers and sellers is decreasing, and in my opinion, this means ==more holders== who do not intend to sell their NFTs.

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    OP PRICE

    ETH PRICE

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    Here we take a look at a quick and general comparison between Optimism and Ethereum.

    In one sentence, optimism has nothing to say against Ethereum

    The comparison has been made for both networks in 2022.

    In all cases, Ethereum is more than 95% higher.

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    Add Text Here

    What is Optimism?

    Optimism is an Ethereum-based layer 2 scaling solution. The fundamental characteristic of Optimism is that it makes Ethereum application transactions relatively inexpensive. Optimism causes transactions to flow from one blockchain to another. Gas prices are dramatically lowered as a result, and throughput rises. Optimism allows Ethereum developers to utilize all of the existing tools on Ethereum without having to make any changes. Traders will pay a 10x lower gas charge, according to the Optimism development team. Optimistic rollups are used to combat fraud and incorrect state transitions.

    source

    What's an NFT?

    NFTs are tokens that we can use to represent ownership of unique items. They let us tokenize things like art, collectibles, even real estate. Ownership of an asset is secured by the Ethereum blockchain – no one can modify the record of ownership or copy/paste a new NFT into existence.

    NFT stands for non-fungible token. Non-fungible is an economic term that you could use to describe things like your furniture, a song file, or your computer. These things are not interchangeable for other items because they have unique properties.

    Fungible items, on the other hand, can be exchanged because their value defines them rather than their unique properties. For example, ETH or dollars are fungible because 1 ETH / $1 USD is exchangeable for another 1 ETH / $1 USD.

    source

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    Here, we categorize sales distribution and sales volume based on the following:

    when PRICE < 0.01 then 'Less Than 0.01 ETH' 
    when PRICE >= 0.01 and PRICE < 0.1 then '0.01 - 0.1 ETH' 
    when PRICE >= 0.1 and PRICE < 1 then '0.1 - 1 ETH' 
    when PRICE >= 1 then 'More Than 1 ETH'
    
    when PRICE < 1 then 'Less Than 1 op' 
    when PRICE >= 1 and PRICE < 100 then '1 - 100 op' 
    when PRICE >= 100 and PRICE < 1000 then '100 - 1000 op' 
    when PRICE >= 1000 then 'More Than 1 op'
    

    In Optimism, like other networks, the most sales were in the range of ==less than 0.01 eth==, and there are also more sellers and buyers.

    But ==the largest sales volume== was in the range of ==0.1 to 1 eth==, and after that, with a slight difference, the range of 0.01 to 0.1 had the largest sales volume.

    Very few users have to buy ==more than 1 Eth== NFT on the Optimism network. It seems that there is still not enough trust in projects like the Ethereum network.

    On the other hand, we see buying and selling with the OP token, which has ==not been sold== over ==1000 OP== so far.

    The highest volume of sales, sales, buyers, and sellers was in the range of ==1-100 OP==.

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