Open Analytics Bounty: Solana (December 3)

    Open analytics bounties are all about deep dive dashboards into one specific topic.

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    What Is Solana (SOL)?

    Solana is a blockchain platform designed to host decentralized, scalable applications. Founded in 2017, it is an open-source project currently run by Solana Foundation based in Geneva, while the blockchain was built by San Francisco-based Solana Labs.

    Solana is much faster in terms of the number of transactions it can process and has significantly lower transaction fees than rival blockchains like Ethereum. The cryptocurrency that runs on the Solana blockchain—also named Solana (SOLUSD) and using the ticker symbol SOL—soared almost 12,000% in 2021 and at one point had a market capitalization of over $66 billion, making it the fifth-largest cryptocurrency by this measure at the time.

    Despite its popularity, SOL did not escape the cryptocurrency bloodbath of 2022. By Oct. , 2022, SOL had dropped to about $11.71 billion in market capitalization. It also fell to ninth place in market capitalization.3 Learn more about Solana and what makes it unique among thousands of imitators.

    The total number of minted NFTs,

    Total volume of NFT mint and Total solana NFT minters can be seen.

    The daily number of buying and selling of NFT Solana can be seen in the chart above. The number of sales and purchases is decreasing. The highest number of sales is 94,829k on Oct 11, this number will decrease over time. The number of purchases reached 18,691 in October 11, which is the highest number.

    Description Solana

    • The daily volume of NFT buyers is decreasing until Oct. 21, but there is a slight upward trend, and it suddenly increases from Oct. 29, and it reaches the highest volume of 3.325056 M on Oct. 31, and then decreases and fluctuates.
    • The daily sales volume of Nft does not have significant fluctuations, but on Nov 30, there was a sudden fluctuation and reached 21.24514 M.
    • In the above two charts, weekly Nft buying and selling has been examined. In the chart, the number of sales of Solana in the first week of October is 513,846 K, which is the highest number of sales in 11 weeks.
    • The lowest number of solana sales in the first week of dec is 117,272 k.
    • The number of nft buyers in Yesolana network is at its highest number of 77,261 k in the week of October 3, then the trend decreases and in the first week of December, it reached its lowest number, which is 16,313 k.
    • Nft buyer volume chart shown weekly It shows the fluctuations in the purchase volume. We see the highest purchase volume in the first week of October. This volume reaches the lowest amount in the second week of November.
    • The next chart shows that the lowest amount was in the last week of September, and in the three weeks of Oct 3, Oct 31, Nov 28, this volume is higher than 30 M, and the highest sales volume was recorded in the first week of Oct.
    • According to the above two charts, we notice that the volume of NFT buying and selling in the Solana network in the first week of October, and this means that for some reason, users were more inclined to buy and sell NFTs during this period.
    • The top 10 collections whose volume of buying and selling Nft was more than the rest shows that the okay bears collection is 33.8% more popular than the rest of the collections of the Yesolana network.

    • The address of the top 10 buyers who bought the most number of nfts is seen above. Address Fte5xtVTwAjv7h961d7G1oqNint5SPKETY87eVjuMc84

      has the first rank with 16.5% in the number of nft purchases and sales.

    Solana is already one of the world’s most popular blockchains when it comes to non-fungible tokens (NFTs) and decentralized finance (DeFi). Its native token, SOL, is currently ranked ninth in market cap among all crypto — and interest in Solana NFTs has risen rapidly throughout 2022.

    Users want platforms with faster and cheaper transactions, and Solana addresses both of these demands. As a result, several leading platforms are moving to (or already do) integrate with Solana. And, as more integrations are added, users are moving to Solana at ever-increasing rates.

    In this respect, Solana NFTs are one of Web3’s greatest hits so far. But, unfortunately, this doesn’t detract from how onboarding to new blockchains and NFT marketplaces remains a daunting task. But here’s the good news: we’re here to walk you through everything you need to participate in the Solana ecosystem. So get ready to become an expert on what Solana is, how it works, why there’s so much interest in Solana crypto and NFTs, and how you can make the most out of this fresh, new world.

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    Description market place

    Market place

    Non-Fungible Token or NFT marketplace is such a marketplace that functions as a public Blockchain platform. However, this platform is gaining traction and driving developers and businesses to construct a marketplace, despite being in its nascent stage. 

    Online marketplaces for digital assets are the recent talk of the fintech town. But, of course, you have to build your own marketplace if you are planning to set foot in the digital market. The words cryptocurrency trading and blockchain technology are no longer unknown, and many people trade goods on several marketplaces. 

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    • The average weekly statistics in markeplace magic eden v2 is higher than other market places.
    • weekly max /med statistics show that the max amount in the magic eden v2 marketplace is higher than the others, while the median amount is higher in the solana monkey business marketplace.
    • The things mentioned about the previous charts also apply to these charts in the 60-day period.
    • The chart on the left shows that operation days in Solanart market place are more than others and it ranks first with 491.
    • In the second place, magic eden has the second place of 448 and at the end of operation days, it is equal to 78 and less than the rest of the market places in Hadeswap and Hyperspace.