Try Quests to earn cryptoLil Nouns NFT Collection
Introduction
- In this Analysis, You will read about Lil Nouns NFT collection on Secondary market places. Previously, I analyzed the mint processes of Lil Nouns but Now it’s time to analyze this Collection on marketplaces. I went through marketplaces and analyzed these parameters:
- Sales
- Average/Median/Max/Min/Total Sales volume
- Sales Per marketplace
- Floor Prices
- Buyers and Sellers Breakdown
- Top Holders
- Top Profitable users
- Top Losers
Analyzed By Hess - Reading Time Almost 10 min
Method
- We have an NFT sales table in Ethereum tables. From Opensea Marketplace, I found Lilnouns collections. From the collection page, I clicked on the Ether Scan button. From the Ether scan page, I found the NFT collection contract address which is:
0x4b10701Bfd7BFEdc47d50562b76b436fbB5BdB3B - I used My findings in the NFT sales table. Now I have all mentioned parameters.
- From buying and selling Lil nouns, A user gained nearly 28K US dollars. The second top profitable user earned 4K profits from buying and selling Lil nouns. Other top profitable users gained nearly 1K US dollars.
Lil Nouns Sales Per Platform
We already examined the Lil nouns sales in all parameters. Now, It’s time to examine the sales breakdown per marketplace.
- Almost Opensea has the highest number of sales, sales volume, and Unique buyers, and sellers. Until July, There wasn’t any serious rival for Opensea. But After that, I can see the NFTX marketplace increased. It is true that still, the difference is huge but more sales happened on these marketplaces in comparison to May and June.
- Like sales volume and number of sales, all other parameters related to Floor price decreased over time. For example, The minimum price of Lil nouns was 600 US dollars in May but right now the minimum price of Lil nouns is 180. More than 150% dropped. The highest NFT price was 39K US dollars which sold in May.
Lil Nouns Sales Volume and Price
- The total sales volume of Lil Nouns is 1.4M US dollars. As you can see, The highest sales volume happened between May 9 and May 30. About 50% of total sales happened in two weeks. After that time, The total sales volume decreased. In October, The weekly sales volume was around 10-15K US dollars. The average price of Lil Nouns NFTs was 618 Dollars. However, recently, The average Lil nouns price decreased to 200-250 US dollars. Over time, In four months, The average price of Lil nouns decreased from 2K US dollars to 200-250$.
What is Lil Nouns?
Lil Nouns are just like Nouns, but Lil! An expansion DAO based on Nouns DAO, Lil Nouns DAO works to create a new layer within the Nouns ecosystem; Nouns as kids. By expanding the ecosystem, Lil Nouns DAO aims at exposing more people to Nouns. Learn more below, or start creating Lil Nouns off-chain using the Playground.
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What is NFT?
A non-fungible token is a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership
A Summary of the Most Important Findings
- Until Now, The total number of sales of Lil nouns is 1690. Lil Nouns has 914 Unique Buyers and 781 unique Sellers.
- The total sales volume of Lil Nouns is 1.4M US dollars and the average price of Lil Nouns is around 618$.
- The Cheapest Sold NFT was 139 US dollars and the most expensive Sold NFT was 39K US dollars.
- Opensea has the highest sales volume, Unique buyers, and unique sellers in comparison to other marketplaces.
- Based on Floor price, The highest number of sales was for NFTs with a price between 300-500$. and The highest sales volume was for NFTs with prices above 2.5K US dollars.
- The large group of buyers and sellers bought and sold only 1 Lil Nouns. The price of those NFTs was between 300 and 500 US dollars.
- Lil Nouns Number 5, 956, and 2884 are the top Lil nouns based on transactions and volume.
- The top profitable Lil nouns were number 5 and the top unprofitable Lil nouns were number 519.
- The Top Lil Nouns holder holds 599 Lil Nouns.
- The top profitable user gained 28K US dollars and the top loser lost 18K US dollars.
Full Analysis
- One of the interesting thing about Lil Nouns is that the total number of Sellers are lower than buyers. This is a good parameter for a successful collection. The weekly share of Buyers and sellers show that the share of buyers were higher than Sellers. Not too much but a little higher than Sellers. However, If we ignore the Unique Users, The total number of sellers were higher than buyers.
All platforms together gained around 35K US dollars from Lil nouns sales on their platforms. They're earning decreased from 6K-6.5K to 200-250 US dollars per week. Their earnings have a direct relation with collection sales. The sales volume of this collection decreased, So The platform fees decreased too.
- The large group of buyers and sellers bought and sold only one Lil nouns since May 9. The second large group had 2 Lil nouns. Also, The sales volume of a large group of buyers and sellers was between 300 and 500 US dollars.
Lil Noun 5
Lil Noun 19
Lil Noun 148
Lil Noun 519
Lil Noun 325
Lil Noun 244
- Based on the Total number of sales, Lil Nouns 956 and 2884 with 6 sales are top Lil nouns, and based on sales volume, Lil nouns 5 and 19 with 49K and 17K sales are top Lil nouns.
It’s not always about earning profits. Some Users were loser. The top loser lost 11.5K US dollars from buying and selling Lil nouns. The second top user lost 8K US dollars. Other top losers lost 2-3K US dollars over time.
Conclusion
- It is true that all parameters decreased but I think this is a live and successful project. Users still mint new Lil nouns every 15 minutes and sell them on Marketplaces. The Lil nouns have enough buyers and sellers. Based on Crossovers and the Number of Collections, I can see Lil nouns holders are Pro in NFT. They bought NFTs from more than 10 Collections and they are holder of Top other projects in the Crypto world.
ALL CODES AND CONTENTS WERE WRITTEN BY Hess.
:bird: Twitter: @hessaminanloo
:flying_disc: Discord: hess#0890
:calendar: Analyze Date: 2022/NOV/05
