Opensea Fees
Q6. Find the wallet that collects Opensea fees. Make a dashboard showing how much Opensea has earned through Polygon transactions.
OpenSea is an American online non-fungible token (NFT) marketplace headquartered in New York City. The company was founded by Devin Finzer and Alex Atallah in 2017.[2][3]
OpenSea offers a marketplace allowing for non-fungible tokens to be sold directly at a fixed price, or through an auction, based on the Ethereum ERC-721 standard, the layer-2 scaling solution for Ethereum Polygon, the KIP-7 standard for Klaytn, and the SPL standard for Solana.
In 2021, following a heightened interest in non-fungible tokens, the company's revenue reached $95 million in February 2021 and $2.75 billion in September of that year. By January 2022, the company had been valued at $13.3 billion and has been considered the largest non-fungible token marketplace.
in this dashboard, we use the polygon tables and opensee contract address for answering the following questions:
opensea contracts:
- 0x9b814233894cd227f561b78cc65891aa55c62ad2 - main contract
- 0xf715beb51ec8f63317d66f491e37e7bb048fcc2d - handles fee distribution
- 0x5b3256965e7c3cf26e11fcaf296dfc8807c01073 - wallet that stores the NFT fees.
In this chart, we see the amount of sales and fees received in Ethereum units. For selling 21192 NFTs, 39.8 ETH was received. For 36.3k NFT sales, 30 ETH was received.
In this chart, we see the amount of sales and fees received in dollar units. For the sale of 90,548 NFTs, more than $125,000 was received. For 78216 NFT sales, $117706 was received.
There were two spikes in Opensea income. One occurred from June → September 2021. The second one was at the beginning of this year.
The highest income was on January 28th, which gained 125K US dollars.
The total income has decreased significantly since February.
Although, The price of ETH could impact Opensea's income.
The cumulative Fees in ETH are 5290 and in USD is 16.61M dollars.
The daily cumulative shows that the growth of NFT sales was higher than income. This means NFTs with lower prices have been sold more than NFTs with higher prices.
Also, the ETH price indeed decreased, but the growth of USD was higher than ETH.
The Cumulative transactions are 11.93M.
In this chart, we see the sales volume of the top 10 NFTs, for which the highest fees have been received.