Try Quests to earn FLOWTrending NFT Projects
Create a visualization showing NFT sales volume on Flow since May 9th. Which NFT projects are trending on Flow right now and what is the general trend of NFT sales over the last month? Do the projects that are trending seem to have common wallets or is there not much crossover between buyers/sellers? Payout: 19.92, Grand Prize: 59.76 FLOW
What is Flow?
Flow is a fast, decentralized, and developer-friendly blockchain, designed as the foundation for a new generation of games, apps, and the digital assets that power them. It is based on a unique, multi-role architecture, and designed to scale without sharding, allowing for massive improvements in speed and throughput while preserving a developer-friendly, ACID-compliant environment.
Scope of the Work
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It is aimed to study the NFT sales volume on Flow since May 9th.
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It will be shown which NFT projects are trending on Flow at current time and how general trend of NFT sales is over the last month.
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Additionally, the trending project will be examined to find out if there common wallets between them.
Results
Trending in NFT Projects on Flow
The sale volume at each market were found from flow.core.fact_nft_sales table and the results are shown in Figure 1 (in Flow Token) and Figure 2 (in USD price). We fetched the price of the Flow token in USD from the flow.core.fact_prices table with Asset ID = 4558 and Coinmakertcap source.
Note: In order to better show the sales volume, Figure 2 is drawn linearly.
Common Wallets Between NFT Projects and Crossover Between Buyers/Sellers
In this section, we try to determine the intersections of buyers/sellers' wallets between the two projects NFT Store Front and Top Shot Market v3. Since the number of Market project transactions is not comparable to the two aforementioned projects, therefore calculations and queries have been performed only on the two markets of NFT Store Front and Top Shot Market v3.
The crossover between Buyers ' and Sellers' wallets can have many different aspects. Therefore, in this report, we tried to cover all the cases as visually as possible.
But before extracting the crosover wallet between the two projects mentioned, it is better to look at the results shown in Table 1.
Table 1 gives a brief summary on number of unique wallets who have bought or sold NFTs on the market place. As it is shown, the NFT Store Front market has the highest unique number of buyers, But most of the vendors in the project Top Shot Market V3 are present.
The Market project has experienced the least presence of buyers and sellers.
The number of crossover wallets between buyers and sellers on NFTStorefront were shown in Figure 4.
The same was done and top 5 sellers on “NFTStorefront” were found and depicted in Figure 6. The top seller has made 2160 sell (28.7% to the total sales by top 5 sellers).
The number of crossovers between buyers and sellers on TopShotMarketV3 was evaluated and shown in Figure 7.
The Market project was examined to find if there are any crossovers or not. The results show that for this project no crossovers have happened (Figure 10).
2. Buyers/Buyers Intersection in Two Projects:
3. Buyers/Sellers Intersection in Two Projects:
The crossover between buyers on NFTStorefront and sellers on TopShotMarketV3 were examined. Figure 12 shows 12840 crossovers between buyers on NFTStorefront and sellers on TopShotMarketV3.
The crossover between sellers on NFTStorefront and buyers on TopShotMarketV3 are shown in Figure 13. The results show that there are 5760 crossovers of this type.
4. Sellers/Buyers Intersection in Two Projects:
The crossover between buyers on TopShotMarketV3 and NFTStorefron were found as 9860. This means that 9860 users have performed NFT purchases on both TopShotMarketV3 and NFTStorefront.
5. Sellers/Sellers Intersection in Two Projects:
According to Figure 14, The crossovers between sellers on both NFTStorefront and TopShotMarketV3 was found as 9720.
6. Crossover of both (Buyers abd Sellers) Wallets on both Projects:
In Figure 15, it is investigated the crossover between both buyers and sellers on both NFTStoremarket and TopShotMarketV3 projects. It is shown that 4110 users have made both buy and sale on both projects (i.e., NFTStorefront and TopShotMarketV3).
The top ten users who have made PURCHASES on both NFTStorefront and TopShotMarketV3 are shown in Figure 16. In the first place, we have a user with 3863 purchases, and the second place belongs to a user with 3585 purchases
Finally, the ten top users who have made SALES on both NFTStorefront and TopShotMarketV3 are given in Figure 17.
Conclusion
The NFT sales volume on Flow was subjected to a thorough study in this dashboard. The findings of this study can be summarized as below:
- DapperUtilityCoin is the token that is used on all marketplaces to purchase NFT.
Top Shot Market V3has the highest number of transactions with respect to two other projects.- FlowToken, FUSD, FazeUtilityCoin, and FiatToken are just used on
NFTStorefrontprojects to purchase NFTs. - Results show that there is no crossover between buyers and sellers on
Marketproject. - There are 4110 users who have made BUY and SALE on both
NFTStorefrontandTopShotMarketV3. - The trend of all three projects (except for some fluctuations in sales) is generally downward.
Projects (Marketplaces) on Flow
NBA Topshot (Top Shot Market V3): The Flow smash hit, NBA Topshot allows fans to own some of the top NBA highlights in the form of short video clips embedded in collector-card-like NFTs. Fans purchase card packs and hope for rare or legendary cards to be inside. Anyone who has collected Panini soccer or Magic the Gathering cards will be instantly familiar with NBA Topshot.
NFT Storefront: is a general-purpose Cadence contract for trading NFTs on Flow.
NFTStorefront uses modern Cadence run-time type facilities to implement a marketplace that can take any currency in order to vend any token in a safe and secure way. This means that only one instance of the contract is needed (see below for its address on Testnet and Mainnet), and its resources, transactions, and scripts can be used by any account to create any marketplace.
Figure 3 shows the ranking of markets based on the number of transactions. You can see that the market TopShotMarketV3 is in the first place.
Note: Since the sale volume and number of transactions on Market is considerably lower than the rest, its number of transactions is multiplied by 100. For this reason, the Market project was excluded from the rest of the study. Also, there is another good reason to exclude this project from this study.
As shown Figures 1,2, and 3 the TopMarketV3 has higher sale volume and number of transactions with respect to NFTStorefront and Market. Also from the above three charts, the downward trend of transactions and sales volume can be deduced.