Comparison of Trends on Ethereum by FTX Periods

    INTRODUCTION

    In this board, we analyzed 3 trends developing in Ethereum that could have a huge impact in future. As a result of these analyzes, we will identify the top names of the rising trends and talk about their future.

    Developing Trends:

    • Nft
    • Crypto Games
    • Defi

    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.

    First Developing Trend is NFT

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    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.

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    FINDINGS

    Strangely, we have a second in this category that we did not expect. Uniswap performed well in terms of users and peaked after the ftx disaster.

    And still the first of hearts is uniswap. With a total of 75.490 users, it covers 35.4 percent.

    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

    You can see the exact values ​​of the tables we examined above in the tables on the sides. In the transaction, gala has 8266, sand has 5664 and mana has 3847 transactions.

    On the right, sand has 1050 users, mana has 1063 users, and gala has 971 users.

    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.

    Third Developing Trend is Defi

    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

    In the table just below, we can see the total volume values.

    With a total volume of 19.2M USD, Gala occupies a place of 51.2% in this table. Then, SAND follows it with a volume of 10M USD and ranks second with 26.7 percent.

    FINDINGS

    When we look at the total volumes of the Top 6 nft'game, we can see that the one with the highest volume is GALA, the second one with the highest volume is SAND. Especially after ftx disaster, there was a tremendous increase in GALA.

    Second Developing Trend is Crypto Games

    FINDINGS

    Due to the ftx disaster and other reasons, transaction fees increased in November. But strangely, the marketplaces with the highest average transaction fees were those with low transaction numbers and usd volumes.

    Especially on the ftx disaster day, sudoswap had a very unproductive day.

    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.

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    FINDINGS

    Daily transaction fees are expected to be the highest at opensea. It will naturally be high as it has the largest number of transactions. X2y2's transaction fees are also ranked 2nd in terms of size.

    In addition, opensea's daily transaction fees increased up to 704k USD on 7 November.

    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.

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