Try Quests to earn SOLSOLANA SPORTS NFT CHAMPIONS -STILL CHAMPIONS ?
OPEN ANALYTICS -3 SOLANA
INTRODUCTION
Solana (SOL) is considered one of the fastest cryptocurrencies on the crypto market Solana is best known as a competitor to Ethereum, the second-largest blockchain project by market capitalizationn .At present the situation has changed. On 22 December 2022: Current price of Solana is USD $12.09 with a 24-hour trading volume of $168478266. Solana is about , 95.% below the all time high of $260.06.
In the short term, of course, Solana is a tremendously risky and speculative buy. This is not the best time to bet big on Solana unless you are willing to lose everything. But, if you take a long-term view of Solana, it's hard not to be impressed with all the positive momentum happening right now. Solana continues to launch new strategic initiatives, such as Solana Pay and Solana Mobile. It continues to partner with great companies, such as Google. And it continues to gain market share in key areas, such as the non-fungible token (NFT) market.
KEY POINTS
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The collapse of FTX precipitated a broad crypto market crash in which Solana fell by a third in a single day.
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Solana fell deeper and harder than other cryptos due to its well-known relationship with billionaire Sam Bankman-Fried, the CEO of bankrupt FTX.
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Solana's core businesses and partnerships remain intact, which should reassure long-term investors.,
The fortunes of Solana (SOL -0.31%) have seemingly turned upside down. Just two days ago, analysts were lauding Solana for its major new Alphabet (GOOGL 0.63%) partnership involving Google Cloud, and some thought the price of Solana might be ready to take off again. But then came the crypto crash of Nov. 8 and the spectacular collapse of cryptocurrency exchange FTX (FTT -5.86%). The price of Solana tanked, falling more than 30% in the span of just 24 hours.
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method
In this dashboard, we will be discussing about these datas of Solana
For this we will be using extracting datas from the tables solana.core.fact_nft_sales , solana.core.dim_labels , solana.fact_swaps
- Sales Overview (Based on all sports collections) such as Total Sales Count, Total Sales Volume, Total Unique Buyers, Average Price, etc.
- Sales volume (daily/weekly/monthly)
- Average Sale Price (daily/weekly/monthly)
- Moving Average 7 (daily/weekly/monthly)
- Unique Buyers (daily/weekly/monthly)
- Total Sales Overview By Collection
- Top 5 sports NFT collections analyzed in this dashboard are:
- The Suites
- Hockey Heros
- Collectorz Club
- Laidback Lions
- Sports Rewind
What is an NFT?
An NFT (non-fungible token) is a unique digital item stored on a blockchain. NFTs can represent almost anything, and serve as a digital record of ownership.
An NFT or Non-Fungible Token is a blockchain-based certificate verifying ownership. These cryptographic assets and their contained metadata are unique and, therefore, non-fungible. The concept of fungibility relates to the quality of interchangeability; a dollar can be exchanged for another dollar, a bitcoin can be exchanged for another bitcoin, and a SOL can be exchanged for another SOL; hence these items are fungible. Something which is non-fungible cannot be exchanged, and many (but not all, such as ERC-1155s) NFT are unique and individual; therefore cannot be exchanged for another.
How do NFTs work?
NFTs operate on blockchain technology. The blockchain is basically a large, digital, public record. The most popular blockchains are distributed across many nodes (read: people’s computers), which is why you’ll hear them described as “decentralized.”
So instead of a central company-owned server, the blockchain is distributed across a peer-to-peer network. Not only does this ensure that the blockchain remains immutable, it also allows the node operators to earn money, instead of a single company. Because the blockchain records and preserves history, it is uniquely positioned to transform provable authenticity and digital ownership.
When someone creates, transfers, buys, sells, or otherwise does something with an NFT, that all gets recorded on the blockchain. This is what enables authentication.
This record serves as a permanent statement of authenticity that can be viewed or accessed by anyone. Today, when you buy a piece of art or a collector's item, it typically comes with a paper certificate of authenticity, which you must then keep track of forever. It is easily forgotten, lost or destroyed, creating a very fragile system for authenticity. Blockchain’s offer a simple and more secure solution to this long standing issue of proving authenticity.
Let’s say you want to buy a piece of artwork from Tyler Hobbs. With NFTs, you can see the entire history of that piece, all the past owners, every sale, all the way back to Hobbs’ original creation of the piece. Without NFTs, you wouldn’t know if you were buying the real piece or just a really good fake.
What are Solana NFTs?
In short, a Solana NFT is simply an NFT stored on the Solana blockchainIf you are wondering where you can buy Solana NFTs, marketplaces are the answer
SolSea, Solanart and DigitalEyes are three prominent marketplaces that support Solana NFTs. SolSea enables creators to choose and embed their licenses while minting NFTs. On Solanart, you can find, collect and trade NFTs. DigitalEyes is a popular platform featuring collections like the Solana Monkey Business and Frakt.
As the Solana community progresses with time, the number of NFT buyers will grow as well, giving a fillip to the growth potential of your NFT values. The NFT ecosystem on Solana is booming in 2022 with various NFT collections for every taste. However, in terms of sports-themed collections, there are not too many collections active on the network, compared to the likes of Moments on the Flow blockchain.
5 Most Profitable Solana NFT Projects in 2022
As Solana attempts to capture the Ethereum market, we explore the five most successful NFT collections on Solana in 2022. Most of these collections are relatively young and have a lot of potential if the projects are executed well. The popularity of the Solana blockchain and NFTs continues to grow, and it will be interesting to see how these projects turn out.
DeGods
- DeGods is currently the largest NFT project on the Solana blockchain. The platform is innovative, community-oriented, continually gives back to its holders, has celebrities like IceCube involved, and so much more. As a result of all of these qualities, DeGods has become the success story it is today.
In August, DeGods reached a floor price of 300 SOL (roughly $9,570). The total volume of DeGods shows 1.31 M SOL ($41 million) with a floor price of 289 SOL ($9,112).
- Y00ts Mint Toob
The y00ts mints toob collection was created by the founders of the hyper-successful DeGods NFT project. As a result, it was one of the most hyped collections at its release and had 15,000 NFTs in circulation. The mint price of a y00ts was 375 DUST, a little over $1,000.
Y00ts’ floor price spiked to 144 SOL (about $4,467) on Sept. 7. At the moment, the total volume of y00ts NFT shows 564K SOL ($1.76 million), with a floor price of 103.33 SOL ($3,205).
Okay Bears
- Solana Monkey Business
There are 5000 unique, randomly generated SolanaMonkeys stored on the blockchain as part of Solana Monkey Business (SMB). With their accessibility-oriented design, the monkeys aim to build a large community around the Solana blockchain supported by owner-exclusive advantages, a community wallet, and a future voting system.
SMBs' floor price jumped to 288 SOL (about $36,535) on May 18. The total volume of SMB NFT currently stands at 1.18 million SOL ($37.7 million), with a floor price of 199 SOL ($6,362).
- Okay Bears
“We are going to be okay” is the tagline for Okay Bears, a collection of 10,000 pieces of clean NFT. One thing that makes Okay Bears stand out is their blueprint. Each part of the blueprint has its utility. There are seven different sections: a park, a workshop, a gallery, a boutique, a studio, a platform, and a bear market.
Okay Bears floor price shot up to 215 SOL (about $12,280) on May 18. The total volume of Okay Bears NFT is 564K SOL ($66 million) with a floor price of 48 SOL ($1,489).
- Boryoku Dragonz
There are 1,111 Dragon NFTs in Boryoku Dragonz on Solana, each earning passive income for its holders in the form of the BOKU cryptocurrency. Unlike most NFT collections, this project offers unique features to holders, such as daily token airdrops, breeding games, and token-burning mechanics.
Each Boryoku Dragonz NFT holder receives 7 BOKU tokens daily. With one Boryoku Dragonz NFT, you could earn $138.32 per day and over $50,000 yearly if the BOKU token reaches its all-time high price of $19.76.
SALES VOLUME ON DAILY ,WEEKLY ,& MONTHLY BASIS
ANALYSIS
The chart above shows that on most dates the sale volume of The Suites is on top when compared to the other collection. A downward trend is visible in the graph of weekly & monthly sales volume. In the beginning of APRIL only ,we can see growth & a record is created by THE SUITS collections. From daily sales chart ,we can analyse THE SUITS have made records on MARCH 29 while others do not show any fixed trends with a negligible amount of volume.
ANALYSIS
The total number of sales is 6410 TXs.
- Total sale volume is 55.4k sol.
- The total number of unique buyers
- The average price per sale is about 8.64 SOL The SUITES have the most total sale volume of 53.8k SOL which is almost 97.2% of the total. It is followed by HOCKEY HEROES with 1.42% FOLLOWED BY COLLECTORZ CLUB with 1.32% LAIDBACK LIONS with 0.09% & SPORTS REWIND with 0.00953%
MOVING AVERAGE (MA7) ON DAILY, WEEKLY ,& MONTHLY BASIS
ANALYSIS
We have analysed these charts on the basis of average price ( daily,weekly and monthly basis).it is clear that SPORTS REWIND & HOCKEY HEROES are on down trends THE SUITES were always on an increasing pace on all cases daily ,weekly & monthly basis. COLLECTORZ CLUB Iis always on an increasing pace but less than THE SUITES LAIDBACK LIONS are at a similar trend in all cases daily ,weekly & monthly. hockey heroes has shown a down trend in weekly & monthly basis but daily basis the average is on increasing pace. SPORTS REWIND is always at low.
In addition to the daily chart, we have shown the average price on a weekly and monthly basis so that the average can be seen better.
CONCLUSION
LAIDBACK LIONS HAVE LOWEST NUMBER OF BUYERS & SALES COUNT.THE SUITES ARE IN DOMINATING POSITION IN ALL TERMS OF BUYERS COUNT ,SALES COUNT SALES VOLUME & AVERAGE PRICE .HIGHEAT SALES VOLUME & SALES COUNT & AVERTAGE PRICE CAN BE SEEN IN THE SUITE & SPORTS RIDER . SALES VOLUME IS HIGHEST OF THE SUITE FOLLOWED BY LAIDBACK LIONS. ALMOST EVERY COLLECTION HAD EXPERIENCED A DOWNWARD TREND IN SALES VOLUME. EVERY PROJECT HAD EXPERIENCED A REMARKABLE DECREASE IN SALES COUNT . IT IS INTRESTING TO NOTICE THAT ALL COLLECTIONS HAVE FACED DECREASE IN BUYERS & SELLERS.
The Suites NFT collection is by far the “Champion” of Sport-Related NFTs in Solana” in all terms. Magic Eden Is the most popular marketplace for Sport-Related NFTs in Solana. Top 10 most expensive NFTs and also NFTs with most total volume of trades belong to The Suites NFT. 14 0out of 15 NFTs with most number of trades belong to the Suites and only one belong to the Hockey Heroes.
ANALYSIS
The most unique buyers count belong to The Suites .On daily basis, unique buyers of Hockey Heroes set the highest record on Feb 16. In the third week of May , many users started buying hockey heroes. After April 4, number of buyers of THE SUITES increased.. but for all projects the buyers count is going down.
Highest record of HOCKEY HEROES ae found on February 16. The highest unique buyers are found on THE SUITES The number of buyers of THE SUITES are increasing in first week of APRIL Number of buyers are decreasing for all projects.
PROJECT OVERVIEW
PROJECT OVERVIEW
ANALYSIS
The following chart illustrates the average price of each collection throughout their lifetime in both SOL and USD
The suites are in leading position in terms of VOLUME while others are seeing a very low trend
Laidback Lions and Sports Rewind don’t have much sales.
Collectorz Club also have mere sales.
Hocker Heroes and The Suits have noticeable sales.
COLLECTORZ CLUB
ANALYSIS
THE SUITES are in leading position in all the terms of buyers count ,sales count', average price ,& sales volume.
The lowest buyers count & sales count is of LAIDBACK LIONS. THE SUITES & SPORTS REWIND have considerable amount of buyers count & sales count .Sales volume is highest of THE SUITES followed by LAIDBACK LIONS. Average price is lowest of HOCKEY HEROES , highest being that of THE SUITES & SPORTS REWIND HIGHEST SALES
SALES OVERVIEW OF SPORTS COLLECTIONS
AVERAGE SELLING PRICE ( SOL ) ON THE BASIS OF DAILY ,WEEKLY& MONTHLY BASIS
UNIQUE BUYERS ON DAILY , WEEKLY, MONTHLY BASIS
NEW USERS BY PROJECT
DISTRIBUTION PATTERN OF SOLANA NFT
ANALYSIS
Most number of these sport-related NFTs are being sold on **Magic Eden (**marketplaces. Solanart has a small amount of share for Hockey Heroes collections but totally, Magic Eden is the most popular market for these sport-related NFts.
On the left chart we can see distribution of these collections sales by their volume.
Most number of sales for Collectroz Club is done with $100 - $250 volume.
Most number of sales for Hockey Heroes is done with $10 - $25 volume.
Most number of sales for The Suites is done with $1000 - $2500 volume.
Most number of sales for Laidback Lions is done with $500 - $1000 volume.
Most number of sales for Sports Rewind and Collectorz Club Gen1 is done with $25 - $50 volume.
IMPORTANT STATS OF TOKENS
ANALYSIS
The NFT address 5NffXF7CH6DiJBpVaw7gPVX9GeXHXThic7sBA9eSJQaZ from The Suites collection is the most expensive sold sport-related NFT in Solana with 59869.461617828 USD price. All of the top 15 most expensive NFTs belong to The Suites collection.The NFT address HQ3hFh8Gu6UtKaKsvgKPjdyNys1Uo4LpJLYhp3VKGVRi also from The Suites collection is the most traded sold sport-related NFT in Solana with total of 11 trades. 14 of these top 15 traded NFTs belong to The Suites collection and only one belongs to the Hockey Heroes.
The NFT address 4BtDeKVUx7NWFNvWnQZUKXdUue1UGH5Prg79QKvEQ13t also from The Suites collection is the sport-related NFT with the most total volume of trades with 67410.400397817 USD price in 2 trades. All of the top 15 highest volume NFT’s belong to The Suites .
