Methodology

In this dashboard, first I calculated the sale volume of NFT collections based on USD and ETH. Then select the top 10 collections in terms of marketcap* and analyze them.

The goal here is to find crossover* between these collections and also find similarities between community members of each. Before that, I will analyze these top 10 collections in some metrics such as Sales & Unique Buyers count, Sale Price (USD), and Relations with other metrics.

Then I will show the Top 20 Crossovers between collections Based On Unique Buyers. I will also show the Distribution of buyers based on # unique collection users purchased from the top 10 NFT collections to find which combinations count have the most number of unique buyers.

After that to find similarities between members of communities, I will show the new NFT mints from each community member.

Another metric that I will compare is the hold time in days between community members of each collection to find which collection’s community members are diamond hands.

Note: * words are defined in the definitions section.

Definitions

Marketcap: Sum of volume (in USD) paid for each NFT collection so far. In other words, purchasing volume.

Crossover: Commonalities and similarities between users of different collections. In other words, we categorize common users who have purchased from multiple collections.

Community: The NFT collection members

Community member: A user with at least one sale from the collection is a member of that community.

Marketcap (Top 10 NFT Collections)

• Optipunks has the most sale volume in USD with $1.19M and placed first in marketcap.
• Early Optimists & Apetimism are in second and third places with $898k and $370k in terms of marketcap.
• Other collections with marketcap:
  • Optimistic Explorer: $273.8k
  • Motorheadz: $221.9K
  • Drop Wars Hustlers: $221.8k
  • Optimism Collective: $182.3k
  • Optimistic Apes: $150.8k
  • Op Orcas: $132.4k
  • OptiChads: $130.1k

Sales & Unique Buyers Count of Top 10 NFT Collections By Marketcap

• In first place is Optimism Collective with 34,285 total sales while its 7th place in terms of marketcap

• Optimistic Explorer has the second place with 22,017 total sales but it’s the 4th place in terms of marketcap. The third place is Early Optimists with 14,164 TXs.

• The interesting point is that OptiPunks is in 5th place with 4.187 TXs while it’s in first place in terms of marketcap which shows that the average price of sales was higher.

• Optimism collective has the most unique buyers with 14,739 which is 31.7% of the total while its in 7th place in terms of marketcap.

• In the second place, there is the Early Optimists collection with 11,467 unique buyers which is 24.7%.

• Optimistic Explorer is in third place with 9,688 unique buyers which is 20.9%.

• The top three average sale prices are OptiPunks with $283.55, Op Orcas with $241.18, and Apetmism with $166.01.

• The three collections with the lowest price are Optimism Collection in the first place with $0.02, Dop Wars Hustlers with $0.09, and Optimistic explorer with $0.12.

• According to the below charts, we can see the lower the average price, the more unique buyers and sales volume.

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Sale Price (USD) and Relations With Other Metrics

Collections Crossovers (Top 20 Crossovers Based On # of Unique Buyers)

• As we can see in the first eight places, there was a crossover between the two collections.
• These top 20 crossovers consisted of crossover between 2 or 3 collections.
• The most crossover was between Optimism collective & Optimistic explorer with 738 unique buyers which is14% of the total.
• Next, we have (Dope Wars & Optimism collective) in second place, (Early Optimists & optimism Quests) in the third place, (Early Optimists & Optimism collective) in fourth place with 725, 592, 587 unique users which are 12.9%, 10.6%, 10.5% of the total respectively.

Which projects have a wider mix of other communities?

• In these top 20 Optimism collective has the most crossover in the first place with 12 times repetition.
• In the second place, there are Early optimists & Optimistic explorer with 8 times repetition.
• Op Orcas, Apetimism & OptiPunks have the least repetition which is 1 time.

Distribution of buyers based on # of the unique collection they purchased from the top 10 NFT collections

• 33.7k users have bought only from one of these collections and have not made purchases from other collections.
• A total of 5,947 users have made purchases from two of these top 10 collections.
• In the same way, 1,415 users have made purchases from three collections out of these top 10 collections.
• We can see that as the number of purchases from different collections increases, the number of users decreases so that only 2 users have purchased from 9 collections.

New NFT Minters

• As we can see Optimism collective has the most community members, total minters, and new NFT mints.
• In the next place, there are Early Optimists and Optimistic Explorer as the second and third in these metrics.
• The number of community members and minters is directly related.
• On the other hand, in motorheadz 90% of its community members are minters.

Comparing the behavior of community members in other communities

Conclusion

• Optipunks has the most sale volume and placed first in marketcap but it’s in 5th place in terms of sales and unique buyers.
• Optimism Collective has the most unique buyers and sales.
• Op Orcas has the least number of unique buyers and sales.
• We can see most users are interested in OptiPunks which causes the sale price to be higher.
• Based on price and other metrics relation charts, the lower the average price, the more unique buyers and sales volume.
• These top 20 crossovers consisted of crossover between 2 or 3 collections.
• Which projects have a wider mix of other communities?
  • In these top 20 Optimism collective has the most crossover in the first place with 12 times repetition.
  • In the second place, there are Early optimists & Optimistic explorer with 8 times repetition.
  • Op Orcas, Apetimism & OptiPunks have the least repetition which is 1 time.
• We can see that as the number of purchases from different collections increases, the number of users decreases so that only 2 users have purchased from 9 collections.
• The number of community members and minters is directly related.
• The OptiPunks community members are diamond hands 💎 with average hold days of 54 days.
• On the other side, the Early Optimists community are weak hands 👎 with average hold days of 3.5 days.

• By comparing Optimism Collective and OptiPunks, we find that the number of common users is the same between the two, but the number of transactions is different and fewer users have bought OptiPunks than Optimism Collective. And the reason for that is the higher price of OptiPunks. This has also happened at Optimism Collective with Apetimism and we see the same number of buyers with a different number of transactions.

Hold days - Diamond hands vs. Weak hands

• As we see, OptiPunks has the highest average of hold days among other collections with an average of 54 days.
• Follow by that, Optimistic Apes, Optimistic Collectives, and Dope Wars are in the next ranks on an average of hold days with 34, 29, and 26 days respectively.
• This shows the OptiPunks community members are diamond hands 💎.
• On the other side, the Early Optimists community are weak hands 👎 with average hold days of 3.5 days.