Open Analytics Bounty: Optimism (October 8)

    Methodology

    • Chain : Optimism

    • Opensea Optimism Launch Date : ‘2022-09-27’

    • NFT Sales for Opensea Optimism is going through to this address it takes the sales money and distribute it to the seller + royalties + platform fees.

    • Volumes are shown in the currency of ETH.

    • To show the changes in Quix, start date of the quix data is ‘2022-09-20’.

    What is OpenSea

    > OpenSea is a decentralized non-fungible token (NFT) marketplace for buying, selling, and trading NFTs. In fact, OpenSea brands itself as the biggest marketplace for digital goods. As such, it’s worth taking a closer look at OpenSea and what the platform adds to trading NFTs. Moreover, this article explains how to use OpenSea, as well as what NFTs are. The difference between fungible tokens and NFTs is that they have unique characteristics and identifiers and are not interchangeable. Another way to think of them is that NFTs represent things, not currencies.

    What is Optimism?

    >
    > 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.

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    Total Metrics For Opensea Optimism - Since its launch September 27 2022

    Daily + Cumulative Metrics For Opensea Optimism

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    Findings

    ⛵​ We can see that volume On Optimism Ethereum reached 38.76 Ethereum at its peak

    ⛵​ With the loss of hype its volume is down a little bit.

    Findings

    ⛵​ With the launch, Opensea quickly gained an popularity.

    ⛵​​ While number of sales made a peak in Sep 28, unique NFT buyers made a peak in October 7.

    ⛵​ Currently Opensea Optimism reached 3365 sales in a day at max.

    Findings

    ⛵​ Even if only 18 days passed, NFT sales volume reached 294 ETH.

    ⛵​ Number of NFT sales reached 34k

    Quix VS Opensea

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    Findings

    ⛵​ We can see that Opensea quickly entered into a competition with Quix.

    ⛵​ Its volume is close to the Quix.

    Findings

    ⛵​​ Number Of NFT sales are close to each other.

    ⛵​ In some days number of unique buyers in Opensea was higher than Quix has.

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    Conclusion

    🔴​ With the launch of Opensea Optimism it quickly gained attention of the NFT traders, even if the number of sales has dropped after the hype still it bring a lot of attention.

    🔴​ Opensea started to compete with Quix short after its launch, in the metrics like volume or number of NFT sales, Opensea passed the Quix which Quix is the largest NFT marketplace of Optimism.

    🔴​ If Opensea Optimism contunies like this it will overthrow the Quix and become the new NFT face of Optimism as well.

    🔴​ This shows us even if the Quix has gained attention of the Optimism users, when a big company enters into the space, they are leaving the their old favoruite NFT marketplace to the big NFT marketplaces like Opensea.

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