In the table above, you can see the 10 profitable tokens that have made the most profit based on Eth in their trades The ID of the most profitable token is 1141, which has been profitable for 0.77 ETH in its trades.

Also, on the right side, you can see the average net profit in terms of eth per user, which is equal to -0.000042 ETH.

In the tables , we have shown how much profit and how much loss the top 10 traders had based on Eth.

The trader that had the most profit was equivalent to 0.95 ETH and the trade that had the most loss was equivalent to 5.10 ETH.

conclusion:

• There are 6.8k collection of NFTs in this marketplace, with more buyers than sellers. The volume of transactions is 8.6m ETH. which is a very high number and shows that many unrealistic transactions may have been done to draw the attention of others to this market.
• The volume of transactions has decreased from Feb 3 donwards.
• The number of tokens has decreased to March 7 and then increased to May26 , but the number of collections has had the same change .
• The number of buyers and sellers in this marketplace has been increasing and decreased from May26 .
• In this marketplace, the top collections are specified in terms of the volume and number of transactions and the number of buyers and sellers.
• The best buyers and sellers have been determined based on the number and volume of purchases and sales, and their addresses are listed in the Pie charts above.
• Most buyers and sellers have 0.1-1 ETH volume in their wallets
• Token with ID 1141 with 0.77 ETH income was the most profitable token in this marketplace.
• Almost the amount of profit and loss in this collection is the same.

In the this part, we want to check more detailed data The graphs below show how many buyers and sellers have what amount of balance in their wallets as assets. and categorized them according to the amount of assets to see that Are rich people engaging with the platform?

Since the Ethereum network is newly launched on Flipside database, it does not cover the complete data and only shows the data since beginning of 2022 .

In the following section, we see the general data related to this platform As we can see, nearly 210k buying and selling transactions have been done on this platform so far Also, nearly 70k sellers and 80k buyers interacted with this platform, the total volume of buying and selling in terms of Ethereum was 8.67ETH.

On the other hand, 6.8k collection of NFTs have been bought and sold on this platform, and the fee set for buying and selling on this network was close to 190k ETH

What is LooksRare NFT?

LooksRare is a community-based NFT marketplace. It has been built on the Ethereum blockchain allowing people to trade Ethereum NFTs available on OpenSea. Here you are charged a 2% sales fee in WETH on all types of NFT sales (excluding private sales). Anyone can get started here by linking a crypto wallet.

LOOKS is used for the following purposes.

Staking

LooksRare users can stake their LOOKS tokens on the platform to receive over 700% APR in WETH (wrapped Ether) and LOOKS. The APR will decrease over time with an increase in onboarding and number of stakers.

There are two types of staking: active and passive.

Most token stakers are active stakers, whose LOOKS tokens are fully unlocked.

For passive stakers, their LOOKS tokens are locked for trading but unlocked for staking — e.g., treasury, team and strategic sale tokens. Passive stakers don’t earn extra tokens when they stake LOOKS.

Daily LooksRare rewards are calculated at the end of each previous period, and split between active and passive stakers before being dispersed.

Methodology:

In this article, we are going to review LooksRare marketplace In this article, various parameters of this marketplace have been investigated, including the following

1. Number of nft buyers
2. The number of NFT sellers
3. Number of NFT transactions Volume of buying and selling transactions
4. Transaction fees on this platform and the average of all said data on a daily basis
5. The number of collections bought and sold on this platform
6. The number of tokens bought and sold on this platform

In the next section, we will check all the data of this platform on a daily basis and see their cumulative value over time.

The total and average volume of different fees(network fee, platform fee, total fee, creator fee) are plotted in the two graphs above from Jan to September 2022. As you can see, the total fee of the network reached its highest value on Jan 30, but all average of these values on Jan 23 were at their maximum value

The volume of daily transactions and their number The number of collection and the number of tokens The number of sellers and buyers and their changes in this period of time were also shown in the form of graphs.

Now let's see the data related to this platform on a daily basis

As we can see, the number of transactions of this platform in the middle of June is nearly 650 and nearly 500 buyers have also interacted with this platform. from March to May23 the number of transactions and buyers of this platform were increased. in June , July, August and September, it was decreased and does not have a specific trend

One thing to note is that the number of sellers on this platform is a little less than the number of buyers .

In the charts above, the volume of buying and selling transactions on this platform is shown on a daily basis in terms of ETH

As we can see, the volume of buying and selling decreased after Feb 6.

As we have seen and observed the trend of the charts above, the question arises whether this increase in the number of transactions and the volume of transactions in specific times is related to the increase in the number of NFT collections. Or it's related to the re-popularity of older collections on this platform, so we'll take a look at another chart.

As we can see in the graph above, the number of collections that have been bought and sold has increased in specific time, this means that the increase in the volume of transactions and the number of transactions is related to the increase in the number of collections on this platform.

As we can see in the graph above, the number of collections that have been bought and sold decreased to Feb 28 and then increased to June1.

Another parameter that helps us understand a platform is the cumulative data related to that platform because this data shows the growth rate over time in these platforms. This data may be used for the following purposes :

1. Growth in the number of transactions over time
2. Growth in the volume of transactions over time
3. Growth in the number of sellers over time
4. Growth in the number of buyers over time
5. Growth in the number of NFT collections over time
6. Growth in the number of NFT sold and bought over time

As we know, each NFT has a specific ID . Therefore, in the next part, we want to check the 10 popular NFT in different aspects, such as the number of transactions, the volume of buying and selling transactions, the number of buyers and the number of sellers.

These charts help us understand the characteristics of popular NFTs and see what features make them popular among other NFTs in those collection.

In the part above , we want to categorize buyers and sellers based on the number of transactions and the volume of transactions they have made on this platform.

And let's see how many transactions and what volume of ETH were traded by most users who interact with this platform

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In the next part, we want to examine whether buying and selling on this platform is profitable or unprofitable

As we can see in the table below, the highest profit per purchase and sale is shown for users

In the tables below, you can see the top 10 profitable collection and the top 10 unprofitable with the most loss.