Introduction

Optimism:

Optimism is a rollup scaling solution that allows users to submit transactions on the Ethereum network and get them executed faster for a much lower gas cost. From the perspectives of users and developers, this is a "parallel universe" called Layer 2, or L2, where users typically have the same addresses as they do on the Ethereum blockchain (also called Layer 1 or L1). There are gateways that allow messages and assets to be transferred between the universes. [Source]

Quix:

Quix is the largest NFT marketplace on Optimism, a layer 2 scaling solution for Ethereum.

in this dashboard we’re going to take a look at how users trade NFTs on Optimism and show the distribution of all sales on Optimism by price.

Methodology

i used Flipside Crypto’s core.ez_nft_sales table for Optimism to track NFT sales on optimism, as of now this table only includes Optimism’s biggest NFT marketplace (Quix) trades, Quix supports ETH, WETH (bidding) and OP (Optimism Governance Token) as currency and i converted OP sales to ETH equivalent (using flipside’s

core.fact_hourly_token_prices )in my results as well including OP sales in overall stats section of this dashboard. additional related references and links provided through the dashboard insights.

Trading Stats

we can see that trading activity on Optimism experienced growth in recent weeks but it falls behind Solana and Ethereum (discussed extensively in my Quix vs Solana vs OS Dashboard).

there’s a substantial growth in Artist Revenue as well as fees generated by MarketPlace, one of the major catalysts for this growth is that recently with OP Summer Incentives program, Optimism Collective gave Token grants to their notable projects, this grant majorly spent by projects to onboard more users to Optimism. more information can be found here.

As we can see from the pie chart majority of Sales are below 0.01ETH, looking at the over time bar chart and starting from late September, more NFTs in 0.01-0.1 range traded and this a clear indication that NFTs on Optimism getting traction, surely the OP rewards on every sale was a successful initiative from Optimism Foundation and Quix which is the biggest NFT marketplace on Optimism also started Partner Programs which will help boosting communities and artist moving to Optimism on a faster track.

big projects such as BAYC and Azuki on Ethereum or Yoots and Degods on Solana define the public mindset on how much is the limit to how high a floor for a NFT collection can go, as referenced above i compared the biggest markets on Solana, Ethereum and Optimism and their Top Collections in my other dashboard and we can see how top projects perform similarly in terms of traded volume and Floor Price, so far there isn’t a NFT Project with such foundation as Projects like Otherside Meta which had over half a billion dollars in trade volume but the great news is that recently Quix with collaboration with Optimism Team created the first NFT bridge from Ethereum to Optimism and we have to wait for awhile to see how that will affect Floor Prices in this L2 chain.

the biggest project on Optimism in terms of traded value is Optipunks which is a Derivative of Ethereum’s CryptoPunks and as far as Derivatives go they never come close to the Original Collection.

only 669 NFTs traded with a price over 1 ETH on Optimism and when we compare this to some projects on Ethereum it isn’t a fair competition. (Cryptopunk Sales and Traders)

so in short as long as there isn’t a stablished trend or project doesn’t appear on Optimism the way it is as of now, we won’t see any trade activity with high volume on Optimism.