Comparison of Trends on Ethereum by FTX Periods
METHODOLOGY
✓ I chose top 5 defi by current tvl volume.
('Makerdao','curve', 'aave', 'uniswap','compound')
✓ I chose top 6 ethereum nft games by market capitalization volume.
('MANA', 'SAND', 'GALA', 'ENJ', 'ANKR', 'AXS')
✓ I chose the 5 nft marketplace with the highest volume in September according to the flipside tables.
('x2y2','opensea','looksrare','larva labs','sudoswap')
NFT – DEFINITION OF A GROWING TREND
An NFT (Non-Fungible Token) refers to a token, a digital asset that is not interchangeable. This non-fungible token is typically a unique digital asset, certified through the blockchain. The Blockchain is a decentralized and secure system that will prevent falsification of digital property by verifying each information related to the token (signature, author, date, last transaction, etc.). Each NFT has its own value, which is why it cannot be traded.
What is Crypto Gaming?
While virtual video game money is not a new concept, the advent of blockchain technology has created opportunities for crypto gaming developers to add an element of real-world economics to their games. Crypto gamers can earn non fungible tokens(NFTs) or cryptocurrency by playing and winning a game, and those digital assets then become the property of the gamer. In many cases, in-game digital tokens can be exchanged for stable coin on either centralized or decentralized cryptocurrency exchanges. These digital assets can be sold or traded on online marketplaces or directly converted to fiat currency.
What Is Decentralized Finance (DeFi)?
Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies.
In the U.S., the Federal Reserve and Securities and Exchange Commission (SEC) define the rules for
centralized financial institutions
like banks and brokerages, which consumers rely on to access capital and financial services directly. DeFi challenges this centralized financial system by empowering individuals with peer-to-peer digital exchanges.
FINDINGS
When we look at the tables on the side, we can see that the nft marketplace with the most transactions is 'Opensea'. The total number is 1.6M. And when we look at the daily transactions, we can say that after the ftx disaster, there was a chronic decline and then a rise again. Also we can see that opensea always has higher values on all days, followed by x2y2.
FINDINGS
As I have already mentioned above, the reason for the high transaction fees of the curve is due to the high amount and low number of transactions. This naturally reflects on average transaction fees. In addition, there were days when the average transaction fees of the ‘compound’ increased considerably.
CONCLUSION
NFT
As a result of my analyzes in the nft trend, I can say that the nft marketplace that will grow more in the future is x2y2. It will come very close to Opensea in time with the total amount increasing recently.
CRYPTOGAMES
Although the number of users of Gala is less than the others, we can say that it is 1-0 ahead in terms of total amount and number of transactions. I hope that the increase experienced especially after the ftx disaster will continue in the coming days.
DEFI
Although the number of Curve transactions and users is low, it has a really high total amount. Uniswap has experienced a substantial increase in the number of transactions and users, but the total amount remains mediocre. That's why I think the most promising burial is curve.
FINDINGS
If we look at the transactions of these 5 defis, we see that the curve and uniswap’s numbers are close. In particular, I would like to draw attention to the fact that the total volume of the curve is several times higher, but these numbers are close to each other.
When we look at the daily transaction fees, curve's transaction fees are very high compared to the others because large amounts of transactions are made. Considering the low number of transactions, it is natural to look like this.
FINDINGS
Let's start reviewing the top 5 defis. Curve is clearly ahead in terms of total volume. It is followed by uniswap. Curve's percentile is 89.4, while uniswap’s percentile is 8.58.
Also, there was a big peak in curve on November 22 after the ftx disaster. If we look from the general perspective after ftx disaster, it can be said that there is a low increase.
FINDINGS
When we look at the transaction numbers of these nft games, we see that gala and sand are circulating in values close to each other. But again, gala is leading in this ranking. Also, if we look at the ftx disaster day, we see a pit in transaction numbers, but then we can see that sand, gala, and mana tokens reach their peaks.
FINDINGS
This time, strangely, the gala is placed in the 3rd place in the ranking. When we look at the number of users, sand takes the first place by a large margin. And then it follows the mana by making a difference to the gala. Our favorite gala, on the other hand, is in the 3rd place in a mediocre way.
FINDINGS
As for the user category, we see that opensea has more users, as expected from the high number of transactions. The total number of users this month is 902k, and the number of users of x2y2, which is the second, is 67.5k.
In addition, we can see that there is a stagnation in all marketplaces on the day of the ftx disaster. But then they increased their numbers by exceeding the previous user number limits.
FINDINGS
Since the ones with the largest volumes are opensea and x2y2, I will mention them. Let's take opensea first. As can be seen in the graph on the right and above, Opensea experienced its highest daily volumes before the ftx disaster, but after the ftx distaster it became stable and kept a certain number.
But if we come to x2y2, before the ftx disaster, their values were quite good and close to opensea's values. But, after the ftx disaster, their values dropped and stabilized at low levels.
Again, although the daily amount amounts are high, it is not as much as before the ftx disaster.
FINDINGS
In the tables on the side, we see this month's usd volumes of these nft marketplaces. We can say that x2y2 is the most useful this month. So much so that although the number of transactions is many times less than that of opensea, it has made a very good difference in terms of usd volume. And with a difference of about 220M, it managed to occupy 47.3 percent of the place in the first place.
Frankly, if we compare these usd volumes by looking at the number of opensea transactions, we can say that it is a little disappointing.





