What is Flow Blockchain?

Flow is a fast, decentralized, and developer-friendly blockchain built by Dapper Labs to power some of the biggest brands’ NFTs and digital collectibles such as the NBA, UFC, CNN, Warner Music Group, Dr. Seuss, Ubisoft and more. Flow leverages an environmentally friendly design via Proof-of-Stake that consumes thousands of times less energy than Proof-of-Work blockchains like the current Ethereum network. The combination of eco-friendly design, scalability and the diversity of projects building on Flow is a key reason we chose to run Canes Vault on the Flow blockchain. Learn more about the Flow blockchain at onflow.org.

What is NFT?

An NFT is a one-of-a-kind piece of digital content (such as an image or a video) that is an officially licensed collectible. The NFTs ownership is authenticated and verifiable by the blockchain, a technology used for things like bitcoins. That means while copies of videos, images and even animated gifts can multiply on the internet, there can be only one with a certificate of authenticity. Like other collectibles, you can buy, sell, and trade them.

What Does Floor Price Mean?

The floor price of an NFT refers to the lowest-priced NFT within a collection and is one of the most widely used metrics collectors use to evaluate a project. The floor price of an NFT collection sets up by the users who own them. the more popular an NFT project gets, the higher the floor price. A sudden reduction in a project's floor price may suggest that an NFT project is losing traction. 

“Sweeping the floor” refers to buying digital assets in bulk, specifically assets that are part of a collection. In the NFT space, sweeping the floor can be applied to both project owners and buyers. If project owners sweep the floor, they purchase all of their NFTs at the floor price. When buyers sweep the floor, it either means they bought all the available NFTs in the project or many of them. Both of these indicate a potential manipulation of the floor price.

Methodology

In this dashboard, We are going to perform some analyzes of NFTs’ Floor Prices in the FLOW ecosystem. For this purpose, I have divided this dashboard into 3 part:

1. Part One - Floor Price Overview in The FLOW Ecosystem: In this part, I have performed an overall analysis of NFTs floor prices in the FLOW ecosystem and also listed the top projects with most and also the least current floor price.
2. Part Two - Custom NFT: In this part, you can enter your desirable NFT collection’s name on the provided “NFT_Collection” field above (the default project is TopShot) to see an overall overview of this NFT collection and also some stats about its floor price. If you don’t know your desirable NFT project’s name, the below table (Flow NFT Projects) shows you all NFT projects in the Flow ecosystem (ordered by their total sale volume). So, you can just copy/paste the name of your desirable NFT project in the above field. (you should log in to Flipside in order to be able to apply parameters)
3. Part Three - Top 5 Flow NFT Projects: in this part, firstly, you will see the list of top 5 NFT projects in the Flow ecosystem by their total sale volume, then you will see an overall overview and also analysis of their floor price.

There is also a ==“Date_Trunc”== field provided for the over-time charts in order to set your desirable parameter (Daily, Weekly (Default), or Monthly).

• The main table that we are going to use for this bounty is flow.core.ez_nft_sales (+flow.core.fact_prices for calculating the USD value of sales with FLOW token currency).
• For a better appearance of the title of the projects, I have subtracted the 20 left characters from their contract name in order to just show the real project title (substr(nft_collection,20))
• The floor price is extracted by calculating the minimum sale price of the NFT collection. This floor price is calculated for both current (today) and daily/weekly/monthly timespans overtime on this dashboard.
• The current (today) analysis is calculated by setting the block_timestamp (day) to the maximum block_timestamp (today) from the flow.core.ez_nft_sales table.
• All tables, charts, and data are set to be refreshed once a day. So, If you have noticed the incompatibility of my descriptions vs data, this is the main reason behind that.
• There may be some projects missing on the results which are related to the “current” date, This is because there were not any sale for the related collections on today yet.
• I am only considering successful transactions for this analysis.

• On the above data, you can see the current (today) Floor price of your deisrable NFT collection as well as its all-time average floor price, its all-time minimum floor price and also its all-time maximum floor price.
• On the over-time charts you can see the Floor price of this NFT collection on each day, week or month (default: Week)

On the left chart, you can see the distribution your desirable NFT collections sales by their sale volume (all time).

Part 1: Floor Price Overview In The FLOW Ecosystem

2.1. Overall Stats

2.2. Floor Price

Part 2: Custom NFT

Part 3: Top 5 Flow NFT Projects

3.1. Overall Stats

According to the above charts, Topshot has the most number of sales, total unique buyers and total unique sellers and also total traded tokens among all other NFT collections in the Flow. its difference from other top collections is so high.

despite the high volume of sales of TopShot collection, Gaia has the most average sale volume.

• On the above charts, You can see the top purchasers of your deisrable NFT collection based on their total number (left chart) and also volume of purchases (right chart)

According to the above charts, the total trend for these top 5 projects’ sales is significantly decreasing over time.

Totally, TopShot has the lead in all terms in almost all charts over time, but as time goes on, we can see increasing development of AllDay NFT collection to the extent that this collection is about to overtake TopShot in some terms.

most number of sales for these collections have achieved during February 2022 whil the most volume of sales have achieved on February 2022 (TopShot).

According to the left chart, TopShot and UFC_NET projects have currently the least Floor Price among the top 5 NFT projects in the Flow ecosystem. their both floor price is $1 currently.

Summary and Conclusion

• Currently, the Most number of NFT projects in the FLOW ecosystem have more than $10 floor price.
• Before August 2021, the most number of NFT collections had $1 - $2 floor price but after this date, there was increasing share of other types over time till today.
• Currently (Today), The NFT project DimensionX has the most floor price among all other NFT projects in the FLOW ecosystem (75 USD). On the other hand, The NFT project AeraPack has the least floor price among all other NFT projects in the FLOW ecosystem (0.000016 USD).
• The total trend for the average floor price of NFT collections in the Flow ecosystem is decreasing over time. its ATH was achieved on November 2021.
• Among the top 5 FLOW NFT Projects (in terms of total sale volume), TopShot has the least floor price ($1 currently) and PackNFT has the highest floor price ($49 currently). The price ceiling for TopShot collection is also the highest among other top collections.

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• Above data, shows some overall stats about your desirable NFT collection

• On the above data, you can see the average daily metrics for your desirable NFT collections.

• On the above charts, The overall overview of sales, buyers, sellers, volume of sales and also average volume of sales for your desirable NFT collection is visible.

On the above charts, we can see the change of top 5 NFT projects floor price over time. we can see their floor price is also decreasing over time as well as their price ceiling.

Currently PackNFT has the highest floor price among these top 5 projects on the Flow while TopShot has the highest price ceiling.

According to the above charts, Currently (Today), The NFT project DimensionX has the most floor price among all other NFT projects in the FLOW ecosystem (75 USD).

On the other hand, The NFT project AeraPack has the least floor price among all other NFT projects in the FLOW ecosystem (0.000016 USD).

Based on the above charts, most number of NFT projects in the Flow ecosystem have currently (Today, This week and This Month) have more than $10 floor price.

The second rank on today belongs to the NFT projects with $2 - $5 floor price. The second rank in this week belongs to the NFT projects with $1-$2 floor price and the second rank in this month belong to the NFT projects with $0.1 - $1 floor price

On the above table, we can see the Top 5 all time FLOW NFT projects based on their total sale volume which are: TopShot, AllDay, PackNFT, Gaia and UFC_NET.

As mentioned, The table above is provided for a overall overview of NFT collections in the FLOW ecosystem and also to make it easier for you to copy/paste your desirable project’s name into the NFT_Collection field provided above to see its stats in the Part 2 (Custom NFT)

On the left chart, we can see the distribution of NFT projects’ floor price over time (you can change date_trunc to day, week or month)

As we see, in the first weeks of the chart till August 2021, most number of NFT collections had $1 - $2 floor price but after this date, we can see increasing share of other types over time.

currently, we can see the share of NFT collections with more than $10 floor price is more than others.

On the left chart, we can see the average floor price of NFT collections in Flow increased dramatically till November 2021 (its ATH achieved on this month with 99.04 USD) but after this date especially during the recent weeks, we can see the decreasing trend for the floor prices of the NFT collections on FLOW.

3.2. Floor Price