[NFTx] - Highest Sales Volume
Bounty Question: Which 3 NFT collections have the most total sales volume in the last 60 days on NFTX? These are transactions where someone redeems their NFTX tokens for a specific NFT.
Introduction
- NFTX is a platform for creating liquid markets for illiquid Non-Fungible Tokens (NFTs). Users deposit their NFT into an NFTX vault and mint a fungible ERC20 token (vToken) that represents a claim on a random asset from within the vault. vTokens can also be used to redeem a specific NFT from a vault. (Source)
Methodology
To answer the questions of Bounty and according to the tips mentioned, in the table ethereum.core.ez_nft_sales
sales transactions in the nftx platform in the last 60 days (which is how to filter this category of transactions, filtering transactions that event_name they were redeem) were extracted. The NFTs sold were then examined based on sales number, sales amount, average amount per sale, and number of unique buyers. Finally, a daily survey was performed to give a better view.
-
In terms of number of sales, the first three collections are as follows:
- Milady
- Goblin Town
- Tubby Cats
-
Milady has about 2.5 times the Goblin Town sales and more than 3.3 times the Tubby Cats. In the scatter chart, you can clearly see the difference between Milady collection and other collections.
-
In terms of sales volume, but the situation is different. The Milady collection ranks first here as well, but the difference with the second rank (which belongs to the Doodles collection) is only 0.1%.
-
The most interesting part of this analysis is the strength of the BAYC collection, which with only 7 sales was able to occupy the third place in terms of sales volume. For this purpose, the sales amount of each collection was obtained for each sale. The results can be seen below
-
The first and third ranks in this parameter and the figures opposite them are very interesting:
- BAYC with an average of about $327k per sale.
- Nouns with an average of about $237k per sale.
- MAYC with an average of about $102k per sale.
-
The first collection (Milady) in terms of number of sales here has no place even among the top 9 collections.
- The first place for Milady collection in this parameter is not surprising. In terms of number, they have taken the first place in all polls.
-
Interestingly, the peak sales of these best-selling collections occurred just days after the UST depeg.
-
The record for the highest number of sales of these three collections is related to May 21st. About 66% of these sales are from the Goblin Town collection. Before and after May 21, there is no clear trend.
-
The charts clearly show that Goblin Town has changed a number of rules in favor of the game with its arrival. The kingdom of Milady also seems to be on the verge of extinction. (If not over yet.)