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    NFTX: NFT Projects with highest sales volume

    In this Dashboard, we find out which NFT projects on the platform www.nftx.io had the highest sales volume in the last 60 days.

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    What is NFTX?

    NFTX is a platform for creating liquid markets for illiquid NFT's. Users deposit their NFT's into an NFTX vault and mint a fungible ERC20 token (vToken) that represents a claim on a random asset from within the vault. vTokens can also be used to redeem a specific NFT from a vault.

    NFTX redeem contract address: 0x227c7df69d3ed1ae7574a1a7685fded90292eb48

    As per their documentation, benefits of NFTX platform include:

    • LP and stake minted vTokens to earn yield rewards
    • Better distribution and price discovery for NFT projects
    • Instantly sell any NFT by minting it as an ERC20 and swapping via Sushiswap
    • Increased liquidity for NFT investors and speculators

    Inferences

    The top 3 NFT projects by total sales volume on NFTX platform are:

    1. milady

    2. doodles

    3. BAYC

    • milady contributed almost 15% of total sales volume on the platform in the last 60 days grossing more than $3.2M
    • doodles contributed close to 14% of sales volume grossing $3.1M
    • BAYC contributed 10% of total sales volume grossing $2.2M