What is 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.

What is HyperSpace?

Hyperspace is an all-in-one NFT platform Built by the original Solanalysis team and a trading platform that offers Solana NFT and NFT flex information and services

What is NFT Aggregator ?

an NFT aggregator is a platform that displays multiple NFTs listed on various marketplaces. Such aggregators allow traders and investors to easily trade NFTs from different marketplaces without visiting the actual marketplaces

Methodology

In this dashboard, We are going to make a deep comparison between 2 NFT aggregator marketplaces on Solana, Hyperspace and Coral Cube. After that, we are going to express some reasons for using each platform.

For this purpose, we are going to mainly use solana.core.fact_nft_sales table and filter marketplace to hyperspace or coral cube to extract the result for the related platform.

Moreover, We are going to only consider successful transactions on this platform. (succeeded = 'TRUE')

Before going into analysis, it is good to know that Coral Cube is much older than Hyperspace and it was launched on February 2022 while the Hyperspace platform was launched in mid-September 2022. So, there may be high difference on overall-comparison numbers but anyway we are going to also take a look at average and growth metrics for a more fair comparison between these 2 platforms.

Overall Stats

According to the above charts, the the number of NFT sales, total unique buyers, total unique sellers, traded NFT tokens and also total volume of sales (both USD and SOL) on Coral Cube is way more than HyperSpace (which is logical due to its age)

But, the average and median volume of sales on Hyperspace (in both USD and SOL) is more than sales volume on Coral Cube. The maximum sale volume (in SOL) on HyperSpace is more than Coral Cube but in terms of USD, Coral Cube has the maximum sale volume. This can be because Coral Cube is older and SOL price was higher than its current price.

a huge number of sales on Coral Cube are done with less than 0.5 SOL (more than 80%) while the share of sales with less than 0.5 SOL on Hyperspace is 42% and there are more number of sales with more volumes on Hyperspace compared to the Coral Cube.

Wash Trading

In my opinion, there are 2 ways to wash trade in NFT marketplaces:

1- Point Of Sale (POS): Trader 1 sells an NFT to Trader 2 and then the same NFT is sold again from Trader 2 to Trader 1.

2- Transfer Back (didn’t find any better name!): Trader 1 sells an NFT to Trader 2 but after a while, Trader 2 sends back Trader 1’s money (SOL) to him via regular Transfer (solana.core.fact_transfers table comes handy here)

Daily and Over-Time Stats

In an average day, the number of sales, active buyers and also active sellers on Coral Cube is more than Hyperspace but the volume of daily sales on Hyperspace is more than Coral Cube.

On the above charts, as mentioned above, we can see Coral Cube sales history is way older than Hyperspace.

June and July was the most popular months for Coral Cube since the most volume and also number of sales and active traders for this platform has achieved on these months. However, the highest spikes of active traders and also number of sales achieved on October 2022.

The number of sales and active traders on Coral Cube is more than on Hyperspace on most common days but as time goes on , we can see mroe and more sales volume on Hyperspace.

In the market share (area) charts, we can see in HyperSpace have the lead on most days in terms of sales volume and its market share in this term is more than Coral Cube in majority of timespans but the market share of number of sales on Coral Cube is still more than Hyperspace.

We can see a huge excellence of Hyperspace on Average sale volume in all common days.

Totally, the activity of sales on both platforms during recent days is less than their high-peak days.

Purchasers Stats

According to the left charts, an average purchaser on Coral Cube is way more active than Hyperspace purchasers since he/she has done more number of sales and traded more number of tokens.

But, the average purchase volume of Hyperspace buyer is more than Coral cube.

Most number of purchasers on both platforms have totally done 1 trade but the share of these one-time users on Hyerpsace is more than Coral Cube.

Moreover, Most number of Coral Cube purchasers have totally spent less than 0.5 SOL for purchasing tokens while most number of hyperspace purchasers have spent 1-5 SOL for buying tokens.

The user address Lu2eG3om7SXbypQHpc7giRFtEER4QVUdRkC2UNEyRqS as the top purchasers (volume-terms) on Hyerspace have totally spent 1718 SOL for purchasing tokens on this platform while the user address ApLq7vqXswhpecF85MNhY2Zoj3sTbuLXpUgiY3wmwacj which is the top purchaser (volume-terms) on Coral Cube, have totally spent 1648 SOL.

Also we can see other 9 top purchasers on Hyperspace have totally spent more volume on purchasing tokens than coral cube top purchasers.

According to the left charts, an average seller on Coral Cube is also way more active than Hyperspace seller since he/she has done more number of sales and traded more number of tokens.

But, the average sale volume of Hyperspace seller is more than Coral cube.

Sellers Stats

Most number of sellers on both platforms have totally done 1 trade but the share of these one-time users on Hyerpsace is more than Coral Cube.

Moreover, Most number of Coral Cube sellers have totally gained less than 0.5 SOL from selling tokens while most number of hyperspace sellershave gained 1-5 SOL

The user address DTc4g5yjLDo78p6k6J5zd9yJeHBScpkpk7Q3QWXKhrqc as the top seller (volume-terms) on Hyperspace has totally gained 2158 SOL from selling tokens on this platform while the user address FHaL4HbGeEEo5mRHuFttZYHsa1wQAr2n8zToYu7xTtRo which is the top seller (volume-terms) on Coral Cube, have totally gained 1967 SOL.

Also we can see other 9 top sellers on Hyperspace have totally spent gained volume from selling tokens than coral cube top sellers.

The user address DTc4g5yjLDo78p6k6J5zd9yJeHBScpkpk7Q3QWXKhrqc is the most successful trader on Hyperspace that earned 2141 SOL from trading tokens on this platform.

on the other hand, the user address FHaL4HbGeEEo5mRHuFttZYHsa1wQAr2n8zToYu7xTtRo as the most successful trader on Coral Cube have earned 1952 SOL from trading tokens.

Collections Stats

In terms of volume, DeGods has generated the most volume on Hyperspace while on Coral Cube, Trippin’ Ape Tribe has the most volume of sales.

Majority of sales on Hyperpsace is because of DeGods NFT collection and other collections especially after 4th rank have way less volume than top collections.

The NFT address bDA9m4faJJmK9QtvCMBghHuYHpxzykt55fxXA8U2Yme from DeGods is the most expensive sold NFT on Hyperspace with 369.42 SOL price. all of 10 most expensive sold NFT on Hyperspace belong to the DeGods collection.

on Coral Cube, the NFT address 7UHx5xxaTi46RSowgw5T96o9vEx7eYkjaNUDfx8aDZZ5 also from DeGods is the most expensive sold NFT. There are other projects such as Y00ts, Chorless Sacraments and Trippin’ Ape Tribe among the most expensive sold tokens on Coral Cube and majority of them (6 tokens) belong to the Trippin Ape Tribe.

Summary and Conclusion

• The total Number of sales, buyers, sellers, traded tokens and volume of sales on Coral Cube is more than Hyperspace (which is logical because of its age) but the average volume of sales on Hyperspace is more than Coral Cube.
• The majority of sales on Coral Cube are done with less than 0.5 SOL (more than 80%) while the share of sales with less than 0.5 SOL on Hyperspace is 42% and there is more number of sales with more volumes on Hyperspace.
• Coral Cube has more wash trades than Coral Cube.
• The average daily number of sales, active buyers and also active sellers on Coral Cube is more than Hyperspace but the volume of daily sales on Hyperspace is more than Coral Cube.
• Purchasers and sellers on Coral Cube are more active but Purchasers and sellers on Hyperspace are more wealthy.
• Most number of Coral Cube purchasers have totally spent less than 0.5 SOL for purchasing tokens while most number of hyperspace purchasers have spent 1-5 SOL for buying tokens.
• Most number of Coral Cube sellers have totally gained less than 0.5 SOL from selling tokens while most number of hyperspace sellershave gained 1-5 SOL
• Coral Cube's top purchasers/sellers (in terms of the number of trades) have performed way more trades than Hyperspace's top purchasers/sellers. But on the other hand, top purchasers/sellers (in terms of volume of purchasers) on Hyperspace have way more volume than coral cube users.
• The user address DTc4g5yjLDo78p6k6J5zd9yJeHBScpkpk7Q3QWXKhrqc as the most successful trader on Hyperspace earned more net profit from trading tokens than the user address FHaL4HbGeEEo5mRHuFttZYHsa1wQAr2n8zToYu7xTtRo as the most successful trader on Coral Cube.
• In terms of the number of sales, DeGods is the most popular NFT collection on HyperSpace while on Coral Cube, Pixel Brains is the most popular NFT collection.
• The number of sales on Coral Cube's top collections is way more than HyperSpace.
• In terms of the number of purchasers, Critters Cult is the most popular NFT collection on Hyperspace while on the Coral Cube, 111 Anons have attracted the most number of purchasers.
• The number of attracted purchasers by Coral Cube's top projects is more than HyperSpace.
• In terms of volume of sales, DeGods has generated the most volume on Hyperspace while on Coral Cube, Trippin’ Ape Tribe has the most volume of sales.
• The majority of sales on Hyperspace is because of DeGods NFT collection and other collections especially after 4th rank have way less volume than top collections.
• The NFT address bDA9m4faJJmK9QtvCMBghHuYHpxzykt55fxXA8U2Yme from DeGods is the most expensive sold NFT on Hyperspace with 369.42 SOL price. all of the 10 most expensive sold NFTs on Hyperspace belong to the DeGods collection.
• on Coral Cube, the NFT address 7UHx5xxaTi46RSowgw5T96o9vEx7eYkjaNUDfx8aDZZ5 also from DeGods is the most expensive sold NFT. There are other projects such as Y00ts, Chorless Sacraments and Trippin’ Ape Tribe among the most expensive sold tokens on Coral Cube and the majority of them (6 tokens) belong to the Trippin Ape Tribe.

So, based on the above analysis, If you want a marketplace with more worthy users and high-volume sales, less wash trading and more expensive tokens, HyperSpace is the best option for you. But, If you want a more stable marketplace, more number of traders, wide number of NFTs and an elder marketplace, then Coral Cube is the best option for you. on the Coral Cube, you can also trade more cheap NFTs but on Hyperspace, the average tokens' price is higher and it does not suit you if you dont have high balance in your Solana wallet. It also depends on the NFT collection that you wish to trade. Hyperspace is better marketplace for DeGods collection.

in addtion to the above facts, I have brought you some pros and cons about these marketplaces from an alchemy article:

Hyperspace Pros

• An all-in-one Solana NFT marketplace 
• Supports a lot of native Solana wallets 
• 2% transaction fee

Hyperspace Cons

• Has a list of unverified collections 

Coral Cube Pros 

• Rarity rank feature 
• Supports 6 wallets 
• Showcases various Solana NFT collections 

Coral Cube Cons

• Doesn’t feature launchpad projects 
• Doesn’t have customer support
• Only available on the web

To sum up, The answer to which Solana NFT marketplace is best depends on what features and metrics you value as a creator and buyer.

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So, according to the above definiation of Wash Trading, The share of wash trades on Coral cube is way more than Coral Cube (in both terms of volume and number of sales).

Most number of purchasers and also sellers have only used Coral Cube platform (because their total number is way more than HyperSpace traders).

There are only 2.25% of total traders who have used both of these platforms.

The top purchaser on Hyperspace which is C3DU29mysxHHh3yobtDeKRG8uY6shwdJcBZx6bLhfy34 have totally performed 119 transactions while the top purchaser on Coral Cube (6MmtH8uA6MGiYh5vTEX2RafKZmyos19xkvE9VtG5FMvE) have totally made 1210 purchase transactions. the difference between top purchasers purchases is so high !

The top seller on Hyperspace which is DMCkFjCbmwkuuhnMrbJ1GBDb8FurdGWcXHMb5G5nhS24 has totally performed 251 transactions while the top seller on Coral Cube (6LSW24ZaDB3pYfKGVYHmr8XW4MiPzgGC5xmd6n5oAqR3) has totally made 1482 purchase transactions. the difference between top sellers sales is so high !

In terms of number of sales, DeGods is the most popular NFT collection on HyperSpace while on Coral Cube, Pixel Brains is the most popular NFT collection.

Number of sales on Coral Cube top collections is way more than HyperSpace.

In terms of number of purchasers, Critters Cult is the most popular NFT colection on Hyperspace while on the Coral Cube, 111 Anons has attracted the most number of purchasers.

The number of attracted purchasers by Coral Cube top projects is more than HyperSpace.