Definition

NFT

A non-fungible token (NFT) is a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership. The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded. NFTs can be created by anybody, and require few or no coding skills to create. NFTs typically contain references to digital files such as photos, videos, and audio. Because NFTs are uniquely identifiable assets, they differ from cryptocurrencies, which are fungible.

Hyperspace

Hyperspace has created an NFT market aggregation tool in Solana for NFT trading. The Solana NFT market ecosystem is currently fragmented and inefficient, and Hyperspace has solved this problem by allowing users to directly buy and sell their assets on Hyperspace itself or other Solana NFT markets at no additional cost. With the increasing variety and sheer number of NFTs on Solana, Hyperspace is in a position to become the platform of choice for new and existing buyers and sellers.

Coral Cube

CoralCube is an NFT marketplace and aggregator that aims to highlight three columns of web3 in the context of NFTs: -Easy and smooth access to the digital content on the Solana blockchain and interactions with on-chain NFT marketplaces. -Transparency wrt NFT ownership and credentials -Community owned/powered platforms and products. These three will ultimately lower the technological and economical barriers for new players to enter the competition and minimize the emergence of monopolies.

Comparison of Hyperspace and Coral Cube

Notice

Considering that there is data for Hyperspace marketplace from September 22, 2022, therefore, we will continue to compare the aggregate data of these two marketplaces from September 22, 2022 onwards to have a more accurate comparison. \n

Popular collection in each marketplace

Collections of each marketplace

Conclusion

• As you can see in the above three graphs, there is data for sale transactions in Hyperspace from September 22, 2022, while there is data for Coral Cube from February 2, 2022. Therefore, the Coral Cube marketplace is older.

• In all three charts, the movement trends of both marketplaces are almost similar to each other.

• In the first diagram**,** we have had the largest sales volume in Hyperspace on October 9, 2022, which was equal to 9488. Whereas the highest sales volume in Coral Cube was 49511 on May 24, 2022. From the date of December 22, 2022, which also has Hyperspace data, if we want to find the day when we had the largest sales volume in Coral Cube, we will reach October 9 in this marketplace, and the volume of that day was equal to 17170, which is almost twice Hyperspace has been sold.

• In the second chart, the day we had the most unique buyers at Hyperspace was October 9th with 631 buyers. While in Coral Cube on October 11, we had the highest number of buyers with 3721 buyers.

• In the third graph, the day on which we had the highest number of sales in Hyperspace was October 9, which was estimated to be 1114 sales. While in Coral Cube on October 11, we have had the highest number of sales, which is equal to 11873.

Conclusion

1. Since September 22, 2022, 87K sales have been made in Coral Cube, while almost 14K sales have been made in Hyperspace since this date (almost 1/6 of the number of sales in Coral Cube). Therefore, Coral Cube is the leader in this case.
2. Since September 22, 2022, 17,256 unique buyers have purchased NFTs on Coral Cube, while only 5,214 unique buyers have made purchases on Hyperspace since this date; That means almost 1/3 of the number of buyers in Coral Cube.
3. From September 22nd onwards, the total volume of sales made in Coral Cube is approximately 109K and in Hyperspace is approximately 73K.
4. From September 22, 2022 onwards, in Coral Cube, the average amount of sales was equal to 1.25, while in Hyperspace, the value of this index was 5.21; It means almost 4 times the amount of sales of Coral Cube. Therefore, Hyperspace is the leader in this case.
5. According to items 1 and 4, we conclude that although the number of NFT purchase transactions is less in Hyperspace, the amount of sales is much higher. At the expense of simpler; buyers in Hyperspace are people who make more expensive transactions, but buyers in Coral Cube make cheap purchases but in large numbers.

Conclusion

• In Hyperspace, the most popular collection, both in terms of the largest number of sales and the largest volume of sales, is the DeGods collection, which is not among the Coral Cube collections (its name is not in table “ Solana: collections that exist in both Hyperspace and Coral Cube“ ).
• In Coral Cube, the collection that has the most success in terms of the number of sales is the Great Goats collection. Also, the collection that is the top collection in terms of sales volume is called Trippin' Ape Tribe collection (both names are not in table “ Solana: collections that exist in both Hyperspace and Coral Cube“ ).

Conclution

• As you can see in the first diagram of this section, Hyperspace supports 286 collections while Coral Cube supports 2874 collections.

• The number of collections that Coral Cube supports, but these collections do not exist in Hyperspace, is 2630 collections, the list of whose names you can see in table “Solana: COber Cube collections that are not in Hyperspace“.

• The number of collections that Hyperspace supports, but these collections do not exist in Coral Cube, is 45 collections, the list of whose names you can see in table “Solana: Hyperspace collections that are not in Cober Cube“.

• The number of collections in both marketplaces is 241, and you can see their list in table “Solana: collections that exist in both Hyperspace and Coral Cube“.

• \n For each of the collections that are in both marketplaces, you can see their daily sales in the above two charts. One of the graphs is related to the daily sales of these collections in Hyperspace and the other is related to the sales of the same collections in Coral Cube.