Try Quests to earn cryptoHighest Sales Volume
In this dashboard, we review NFTX and examine the 3 collections that had the highest sales volume in the last 60 days on NFTX.
Before reviewing the collections in NFTX, it is better to have a brief introduction of NFTX.
NFTX is a platform for creating liquid markets for illiquid Non-Fungible Tokens (NFTs). Users deposit their NFT into an NFTX vault and mint a fungible ERC20 token (vToken) that represents a claim on a random asset from within the vault. vTokens can also be used to redeem a specific NFT from a vault.
Benefits include:
- LP and stake minted vTokens to earn yield rewards
- Better distribution and price discovery for NFT projects
- Instantly sell any NFT by minting it as an ERC20 and swapping via Sushiswap
- Increased liquidity for NFT investors and speculators
Redemptions allow users to take ownership of an underlying NFT from within a vault. This means that a user can go to an AMM like Sushiswap, purchase a single vToken like PUNK and use that token to claim a random CryptoPunk from the PUNK Vault.
For an additional fee, usually 5% (1.05 vTokens), users are able to select a specific NFT from the vault.
For information on selling NFTs in Ethereum, we examin the table ethereum.core.ez_nft_sales. To view NFTX information, we use the platform_name column to limit the results to platform_name = 'nftx'.
Each NFT project has a name stored in the PROJECT_NAME column of the database. Information about the price of each NFT is in the PRICE and PRICE_USD sections. Because we want to check all NFTs in the same price units, we use the PRICE_USD column, which is the NFT price in dollars. The buyer and seller addresses are also BUYER_ADDRESS and SELLER_ADDRESS.
The tables and chart below show the top 3 projects in terms of NFT sales volume and the number of NFTs sold in the last 60 days. Since we were asked to analyze the top 3 projects based on sales volume, then all We perform the analysis based on the top 3 projects that had the highest sales volume.
As you can see in terms of number of sales, Milady with 1985 sales, Goblin Town with 775 and Tubby Cats with 521 sales have the highest number of sales in the last 60 days.
But in terms of sales volume, the situation is slightly different. As you can see, the largest NFT sales volume was in Milady, where 1985 NFTs were sold at 3,382,359 USD. Doodles with 72 sales worth 3,099,358 USD and Bored Ape Yacht Club with 7 sales worth 2,287,845USD are in second and third place. In terms of number of buyers, Milady with 571 unique buyers has the most buyers compared to 72 buyers in Doodles and 3 buyers in Bored Ape Yacht Club.
The chart below shows which addresses have purchased the Milady NFT project in the last 60 days. Most of the purchase volume was bought by the wallet with address 0xc8c9771b59f9f217e8285889b9cdd7b9ddce0e86. The wallet has bought 63 NFTs worth approximately 132K USD.
Also, wallets 0x4791637b306a5a2c37f15c8a9a635765cbe5be0d with 124.6272K USD and 0x398d282487b44b6e53ce0aebca3cb60c3b6325e9 with 92.2036K USD have the second and third highest purchase volume.
In Doodles, the wallet 0x72fae93d08a060a7f0a8919708c0db74ca46cbb6 has purchased 49 NFTs worth approximately 59.33271K USD, which is the largest number and the largest volume of Doodles purchases in the last 60 days. Also, this amount is paid only for the purchase of an NFT.
In the last 60 days, only 3 buyers have bought NFT in Bored Ape Yacht Club, with 0x930af7923b8b5f8d3461ad1999ceeb8a62884b19 having the highest volume and number of purchases with 4 purchases worth 1.35064782M USD. Address 0xc6c2d5ee69745a1e9f2d1a06e0ef0788bd924302 with 2 purchases worth 560.23077K USD and address 0x8b0c8c18993a31f57e60d81761f532ef14633153 with one purchase worth 376.96644K USD are ranked second and third.