Quixotic NFT Dashboard
Q7. Create a secondary market dashboard for NFT sales on Quixotic, the largest NFT marketplace on Optimism! Include any data you think is relevant in our Optimism tables and tell us the most interesting trends you can find with the secondary NFT market.
About the Optimism & Quixotic NFT Marketplace :
Optimism is an Ethereum-based layer 2 scaling solution. The fundamental characteristic of Optimism is that it makes Ethereum application transactions relatively inexpensive. Optimism causes transactions to flow from one blockchain to another. Gas prices are dramatically lowered as a result, and throughput rises. Optimism allows Ethereum developers to utilize all of the existing tools on Ethereum without having to make any changes. Traders will pay a 10x lower gas charge, according to the Optimism development team. Optimistic rollups are used to combat fraud and incorrect state transitions.
Quixotic is the largest NFT marketplace operating on Optimism. Soon after the Optimism Airdrop announcement, Quixotic announced its official launch to the masses. Because it runs on Optimism, its transactions and operations are fast and cheap compared to other marketplaces.
Since its launch, Quixotic managed to save more than USD 1.7 million in fees for its users. This figure is very impressive, seeing that the launch happened only around 1 month ago. Additionally, the platform boasts a total of more than 14,500 addresses that traded NFTs, with a total volume traded of more than 700 ETH. Pretty impressive!
Methodology :
In this dashboard we are going to explore about the Quixotic NFT marketplace on Optimism and find everything related to this NFT marketplace.
First of all The sells in Quixotic are in two Different currency(Ethereum and Op Token) So if We want to find the total or daily sales volume on Quixotic we must first find the total sales volume and daily sales volume and then change it into the USD to do it we use from [optimism.core.fact_hourly_token_prices] to get the price of Ethereum and Op token and then change it into the USD.
and we get the total Number of unique buyer and seller on Quixotic, find the number of NFT sales on Quixotic per day and week and also get the top wallets as the number of NFT have been bought by them.
- we use from this table to find all data about the Quixotic NFT Marketplace [
- we use from this table to find the price Ethereum and Op Token [ optimism.core.fact_hourly_token_prices ]
we had an spike in the daily Sales volume in July 1 2022 which the number of sales on that reached to more than 100K USD while in the other days the average volume is around the 10K USD and the sales volume on Quixotic from June 12 2022 is trending downward and every week we have lower volume than its before week
The average number of sales on Quixotic was about the 2000 sales per week but in the last week we had an spike in the number of sales on Quixotic which the number of sales on that week reached to more than 7000 sales which this is incredible and if we just ignore the spike we can’t see any special trend in the number of sales on Quixotic.
Conclusion:
- Total NFT traded volume on Quixotic (408K USD)
- number of NFTs have been traded so far in the Quixotic (19,79K NFTs)
- we had an spike in the sales volume of NFTs on Quixotic in the 1 July 2022 and the sales volume of NFTs on Quixotic is trending downward from 12 June 2022
- we had an spike in the number of NFT Sales in the past week which the number of sales on that week reached to more than 7000 Sales and we can’t any special trend on the number of sales and most of the weeks the average number of sales is 1750 NFTs
- In the last part we found the top users of Quixotic as the number of NFTs they bought