Conclusion

The detailed analysis of the Elixir NFT Automated Market Maker platform provided by this dashboard reveals an active and diverse ecosystem of trading activity. Over the past 90 days, despite a general downward trend in sales volume and the number of active users, the platform has hosted 24.1k sales events, resulting in a significant 168.9k SOL worth of NFT sales volume from 2.8k active users. In terms of market share within the Solana ecosystem, Elixir occupies a niche but vital space. It has captured between 2.5% and 0.7% of the NFT user market share, placing it above Hyperspace and Exchange Art, but below Haste Swap. In terms of sales volume, Elixir contributed between 5.2% and 0.5% of the total NFT sales volume on Solana, illustrating its importance as a trading venue. The diversity in collections traded on Elixir has been noteworthy. The most popular collection was Elixir Ovols, with impressive sales volume of over 40k SOL in 90 days. Other popular collections like Claynosaurz, Y00ts, DeGods, Lily, Mad Lads, and Vets on Creck also made their mark. Certain collections, such as the Chad's NFTs and Chipsverse NFTs, have stood out due to their frequency of sales events. In terms of user behavior, the platform has catered to a variety of user groups. While the median user made two sales events, the top 82 users generated about a third of all sales volume, suggesting a concentration of high-volume traders. User trading behavior was divided roughly evenly between those who both bought and sold NFTs (50%), those who exclusively bought (41%), and a smaller group who exclusively sold (9.3%). In conclusion, the Elixir NFT AMM platform has shown a robust and dynamic marketplace within the Solana ecosystem over the past 90 days. It caters to a diverse range of user behaviors and preferences, hosting numerous collections, and facilitating significant trading volume. Although there is a noticeable concentration of high-volume traders, the platform's overall user base is well-balanced, with a mix of buyers and sellers, suggesting a healthy level of liquidity and a broad base of participation. Despite a recent downward trend in volume and user activity, Elixir continues to be a significant player in the Solana NFT marketplace.

Elixir fAMM Activity