INTRODUCTION

What is Solana? \n Solana is a blockchain that focuses on enhancing the scaling factor, as properly as the pace and value of transaction. A ledger that has been thoroughly dedicated to sharding permits this. It additionally has built-in privateness aspects like zk-SNARKS cryptography to defend your facts from snooping 0.33 parties. In addition, it will have a trendy evolution approach and protection measures so that customers of this platform can experience larger credibility when transacting with every different or with 0.33 birthday celebration authorities on their very own terms. Solana is projected to be in a position to manage up to 50.000 TPS (transactions per second) besides dropping decentralization or compromising its governance model.

Advantages of Solana \n very fast \n ETH interoperable \n Streams transactions barring ready for international consensus (without sacrificing security) \n low fuel costs \n resistant to censorship \n delegated staking \n will even get faster, when hardware improves \n low barrieres of entry for validators \n supported by means of huge gamers like FTX change and Alameda Research \n The overall performance of Solana is estimated to be very excessive for the reason that it has been designed to scale with the traits coming from the blockchain sector. \n It does no longer depend solely on transaction charges in accordance to its whitepaper, however additionally ecosystem improvement and fee creation. \n It affords an extra layer of privateness thru zero expertise proofs which makes it very eye-catching for customers who are involved about their information being stolen via 0.33 parties. \n The scalability of Solana is assured by way of its sharding science which approves you to manner all your transactions no be counted how small or massive they are at a speedy tempo whilst nevertheless leveraging decentralization for governance and safety purposes. \n The utility of the blockchain’s technological know-how is no longer confined to the monetary sector. It can be used for different industries such as insurance, criminal and retail. \n It has a honest distribution technique that offers all and sundry on the platform a threat to earn tokens from its ecosystem whilst defending it from being exploited by means of centralized entities. \n Solana has been developed via professionals in the field, making it constructed with protection and scalability in mind. To assist you preserve a excessive stage of security, Solana will have a dispensed community of nodes which are all chosen thru blockchain voting. The common quantity of tokens you will earn per day is thru web hosting nodes, contributing to governance or presenting your node potential for others. \n Solana has been created via a crew of humans in the blockchain industry, making it developed with protection and scalability in mind. To assist you keep a excessive degree of security, Solana will have a disbursed community of nodes which are all chosen thru blockchain voting. The common quantity of tokens you will earn per day is via internet hosting nodes, contributing to governance or imparting your node capability for others.

QUESTION

How is Solana evolving?

Compare past and present activity in niches across the chain like DeFi, NFTs, developer activity, etc.

What trends do you notice?

Is activity increasing/decreasing consistently, or do some areas increase while others decrease? Which ones?

Then, choose at least one area, like developer activity or DeFi and compare it with at least one other chain.

METHOD

The records used in this dashboard used to be accrued from the Solana blockchain and the Ethereum blockchain the usage of web3 APIs. The information used to be then parsed and analyzed to extract the applicable facts on NFT market fees. \n \n To analyze the pastime and traits in NFT market charges on the Solana chain, we used the following metrics: \n \n Market recreation by using rate type: This metric measures the whole variety of NFT transactions on the Solana chain, grouped with the aid of the creator rate kind . This statistics was once gathered over a length of time and plotted on a format to exhibit the fashion of NFT market rate exercise on Solana. \n \n Sales exercise by means of series type: This metric measures the whole range of NFTs offered on the Solana chain, grouped by means of the series kind (gaming, art, collectibles, etc.). This statistics used to be amassed over a length of time and plotted on a format to exhibit the fashion of NFT income exercise on Solana. \n \n 0% market wash sale activity: This metric measures the quantity of NFTs that have been offered more than one instances on the Solana 0% price marketplace. This records used to be accumulated over a duration of time and plotted on a layout to exhibit the style of wash sale exercise on the Solana 0% rate marketplace. \n \n Ethereum NFT Sales undertaking by using Marketplace: This metric measures the whole quantity of NFTs offered on the Ethereum blockchain, grouped through the marketplace. This statistics used to be accrued over a length of time and plotted on a sketch to exhibit the style of NFT income recreation on Ethereum \n \n We additionally in contrast the endeavor and developments on Solana with that of Ethereum, to furnish a broader viewpoint on the NFT market price undertaking in the crypto space.

We have also analysed sol price , users , transactions & contracts deployed over time to see the growth pattern & evolution over time .

ETHEREUM NFT SALES

ANALYSIS

Based on the observations provided, it seems that the majority of NFT (non-fungible token) income extent and undertaking on the Ethereum blockchain is targeted on the Opensea marketplace. This suggests that Opensea is a famous and profitable platform for shopping for and promoting NFTs. However, it is additionally stated that there has been an make bigger in exercise on 0% of marketplaces on Ethereum given that the begin of 2022. While this suggests that the 0% marketplaces are turning into extra popular, it is essential to word that Opensea nevertheless stays the greatest participant in the NFT market on Ethereum. This amplify in undertaking on 0% marketplaces should be due to a range of factors, such as accelerated attention and pastime in NFTs, or the emergence of new and revolutionary 0% marketplaces that are attracting users. However, similarly evaluation is wanted to decide the unique reason of this trend. It's additionally well worth noting that Opensea has a Royalty market choice for the NFT creator, which capacity the creator of the NFT can earn a proportion of the resale fee when their NFT is resold, which is now not viable on 0% marketplaces

Solana Market activity by Fee Type

ANALYSIS

The evaluation of the supplied graphs suggests that there has been a large shift in the NFT market closer to 0% marketplaces. This is evidenced via the amplify in their share of basic NFT activity, going from 7% to 98% in phrases of extent and sales. Additionally, the median NFT on these marketplaces has come to be extra costly seeing that mid-September. However, there used to be a giant drop-off in NFT with royalty income endeavor in mid-February 2022. This may want to point out a trade in market developments or a shift in investor interest.

Solana 0% Marketplace wash sale activity

CONCLUSION

In conclusion, the dashboard offers a clear grasp of the cutting-edge tendencies and exercise in NFT market expenses on the Solana chain. It has been located that there has been a vast shift closer to 0% marketplaces which is pushed via the multiplied demand for NFTs that provide ongoing income streams thru royalties, as an alternative than one-time income thru minting. Additionally, it has been found that wash-selling transactions make up a small proportion of ordinary pastime on 0% marketplaces, even though there has been an make bigger in wash income exercise due to the fact August. Finally, it has been determined that the majority of NFT income quantity and exercise on the Ethereum blockchain is focused on the Opensea marketplace, though there has been an amplify in exercise on 0% marketplaces due to the fact that the begin of 2022. IN TERMS OF USERS ,TRANSACTIONS, SOL PRICE & CONTRACTS ALSO NEW YEAR IS SHOWING BULLISH TREND GIVING ASSURANCE FOR FUTURE .

ANALYSIS

Based on the observations provided, it seems that wash-selling transactions make up a small proportion of average undertaking on 0% Marketplaces, with a vary of 1-7% of customers attractive in this kind of undertaking on a day by day basis. However, there has been a full-size amplify in wash income pastime due to the fact that the begin of August, indicating that this kind of conduct may additionally be turning into extra widespread on these marketplaces.

Price of sol over time

ANALYSIS

We can see a change in sol price . Initially the price of sol was 44.9$ on 1st June 2022. there were small spikes & dips over time , maximum was on 12th August more than 46$ . Just after FTX collapse it fall down at 11$, drastically on November 22nd & further reduced to about 9$ on 30th december .In new year 2023 the trend became bullish again promising .The average price of Sol has also increased with time .

USERS & TRANSACTIONS ON SOLANA

ANALYSIS

WE CAN OBSERVE THAT THE TRANSACTION COUNT HAS CHANGED OVER TIME. TRANSACTION WAS HIGH IN JULY & JULY 2022 BUT IT FACED DOWNFALL IN OCTOBER . WITH THE END OF THE YEAR 2022 & BEGINING OF 2023 WE CAN SEE THE CONDITIONS ARE IMPROVING . USERS COUNT ACTIVE & EXISTING ONES ARE ALSO SEEN INCREASING IN NEW YEAR 2023 . THE TREANDS ARE SIMILAR TO TRANSACTIONS . MORE USERS WERE SEEN IN JUNE IN JUNE & JULY. IN NOVEMBER AFTER FTX COLLAPSE WE CAN SEEA DECLINE . THE USERS HAVE AGAIN BECAME ACTIVE IN NEW YEAR .

CONTRACTS

ANALYSIS

WE CAN SEE MANY ACTIVITIES IN CONTRACTS DEPLOYMENT THERE ARE UPS & DOWNS INTHE GRAPHS WITH FEW SPIKES OCCASSIONALLY . TOTAL CONTRACTS ARE MOE THAN 3K .WE CAN SEE MANY CONTRACTS ARE UPGRADED IN CURRENT TIMES .IN JULY & SEPTEMBER ALL THE STATS WERE DECLINING . BUT THE NEW YEAR IS FAVOURABLE AS THE TRENDS ARE UPWARDS .