In this analysis, we will explore a gaming NFT project called Chikn Farm, which operates on the Avalanche blockchain.

Chikn Farm is a web3 game where players can engage in growing and competing with their Chikn, which are unique (NFTs). The game gained popularity, with 10,000 Chikn NFTs being minted and sold by December 2021. The main objective of the game is to enhance the size of your Chikn by strategically utilizing limited resources and outperforming other players.

Here are some key details about Chikn NFTs:

1. Look At Chikn Sales over time + Price and Volume

2. Activities related to Chikn Farm, like Feeding Chickens or Level Up

3. Top Holders, Top Profitable and Unprofitable users

4. Buyer's Behavior on Avalanche Chain.

Transactions and users

Chikn Farm introduced three types of NFTs - Chikn, Rooster, and Farmland - starting in November 2021. Among these, Chikn NFTs have consistently recorded the highest number of sales, making them the most sought-after collection within the Chikn Farm ecosystem. Chikn NFTs accounted for 51% of the total sales, demonstrating their popularity among users.

In terms of user engagement, Chikn attracted the highest number of buyers and sellers, with approximately 3,000 participants in each category. In contrast, Farmland had a comparatively lower user base, with fewer than 1,500 participants, indicating relatively lower demand.

Overall, Chikn NFTs have established themselves as the primary focus of Chikn Farm, with a strong market presence and a significant number of active users. The differentiated types of NFTs offered by Chikn Farm have provided users with various options to engage with the platform and participate in the NFT ecosystem.

Moving on to the sales amount in AVAX, it is evident that Chikn NFTs generated the highest sales volume among the different collections. With a total sales amount of 400,000 AVAX, Chikn emerged as the top-selling collection. The peak of activities for Chikn occurred in early 2022.

However, when Rooster was launched, its sales volume briefly surpassed Chikn, only to decline afterward, allowing Chikn to regain its leading position. Among the three collections, Farmland had the lowest sales volume, reaching 61,000 AVAX.

Among the collections on Chikn Farm, Chikn NFTs commanded the highest average price, averaging around 25 AVAX. From July to December 2022, the average price of Chikn experienced a substantial increase, reaching as high as 140 AVAX. This resulted in a significant price difference compared to the other collections. However, in recent months, the average price of Chikn NFTs has decreased, leveling off to be more comparable to the prices of other collections. The average price of Farmland stands at approximately 16 AVAX, while Roostr averages around 13.5 AVAX.

Please note that the average price is determined based on the latest sales rather than the listed prices on the marketplace.

The majority of Chikn buyers demonstrated a higher spending capacity, with more than 100 AVAX invested in purchasing NFTs. This group accounted for approximately 82% of the total volume generated from Chikn NFT sales. Similarly, the largest group of Roostr buyers spent between 10 and 25 AVAX, but the highest volume of sales, totaling 73%, came from those who spent more than 100 AVAX. Among Farmland buyers, the largest group spent between 5 and 10 AVAX.

However, once again, the highest volume shares, comprising 62% of the total, originated from buyers who spent over 100 AVAX.