What is an NFT ?

An NFT (Non-Fungible Token) is a record on a blockchain which is associated with a particular digital or physical asset. The ownership of an NFT is recorded in the blockchain, and can be transferred by the owner, allowing NFTs to be sold and traded.

Unlike cryptocurrencies, NFTs cannot be traded or exchanged at equivalency. This differs from fungible tokens like cryptocurrencies, which are identical to each other and, therefore, can serve as a medium for commercial transactions.

• NFTs (non-fungible tokens) are unique cryptographic tokens that exist on a blockchain and cannot be replicated.
• NFTs can represent real-world items like artwork and real estate.
• "Tokenizing" these real-world tangible assets makes buying, selling, and trading them more efficient while reducing the probability of fraud.
• NFTs can also function to represent individuals' identities, property rights, and more.
• Collectors have sought NFTs as their value initially soared, but has since moderated.

Total number of NFT sales, buyers and sellers and also NFTs sale volume on Ethereum is way more than 2 other blockchains.

but the total number of traded NFTs on Solana and then Flow are more than Ethereum.

There are 7 official NFT marketplace on Solana and Ethereum while there are 4 on Flow.

Maximum, median and average NFT sales on Ethereum is also way more than Solana and Flow.

on Ethereum, most number of NFT sales are being done with between 100 to 1000 USD volume. while on Flow and Solana, most of NFT sales are done with less than 10 USD volume.

Overall Stats

Daily and Weekly Over-Time Stats

Average number of daily NFT sales on Solana is way more than Flow and Ethereum so there are more daily NFT trading on Solana comparing to the 2 other blockchains. Also the average number of buyers and sellers on Solana in a daily basis is more than 2 others.

Also, the total numbed of daily traded NFTs (tokens) on Solana and then Flow are more than Ethereum.

But, the daily average sale volume on Ethereum blockchain is way more than 2 others.

Based on the above chart, the highest volume of NFT sales on these blockchains have achieved on January 2022 and mainly because of Ethereum NFTs. totally, we can see a decreasing trend on NFTs sales volume over time on all blockchains.

There is also another high spike thanks to Solana during May 2022 and it even overtook Ethereum sale volume.

after and Before these 2 dates, the volume of NFT sales on these marketplaces was not very high.

Buyers

Sellers

According to the above, the average spent volume on NFTs by a Purchaser on Ethereum blockchain is quite way more than other 2 blockchains. But, the average number of purchase transactions and also the average number of purchased tokens by a buyer on Flow is more than 2 other blockchains. this means, users on Flow are more active than users on Solana and Ethereum since they are performing more NFT-Purchasing activity but with a lower volume than other 2.

Moreover, the most number of buyers on all 3 blockchains have done between 2 to 10 NFT purchase transactions and after that, have performed only one purchase transaction.

Most buyers on Ethereum and Solana have totally spent between 100 to 1000 USD volume for purchasing NFTs while the most buyers on Flow have spent between 10 to 100 USD volume.

So, despite Flow buyers are more active than 2 other blockchains but their purchasing volume is less than other 2.

0xed8707e2ae5bba5a has performed the most number of purchase transactions on Flow (15460 Purchases).

7Rb5BKMC85HamvoEHvA4AR8kgpVubUjq679KcCosmrUs has performed the most number of purchase transactions on Solana (13442 Purchases).

0x36c72892fcc72b52fa3b82ed3bb2a467d9079b9a has performed the most number of purchase transactions on Ethereum (6856 Purchases).

0xc4719ab3f4c3db69 has spent the most volume for purchasing NFTs on Flow (660,045 USD).

H3AkHZHfcqGCcJpBn3FJWe52LcLxFMJQoZvZ6XyApFWf has spent the most volume for purchasing NFTs on Solana (54,630,615.24 USD).

0xa53496b67eec749ac41b4666d63228a0fb0409cf has spent the most volume for purchasing NFTs on Ethereum (2324092811.33 USD).

According to the above, the average gained volume by selling NFTs by sellers on Ethereum blockchain is quite way more than other 2 blockchains. But, the average number of sales and also the average number of sold tokens by a seller on Flow is more than 2 other blockchains. this means, as like as buyers, the sellers on Flow are also more active than users on Solana and Ethereum since they are performing more NFT sales transactions but with a lower volume than other 2.

Moreover, the most number of sellers on all 3 blockchains have done between 2 to 10 NFT sale transactions and after that, have performed only one sale transaction.

Most sellers on Ethereum have totally gained between 1000 to 10000 USD from selling NFTs. most sellers on Solana has totally gained between 100 to 1000 USD from selling NFTs and the most number of sellers on Flow has totally gained between 10 to 100 USD from selling NFTs.

So, despite Flow buyers are more active than 2 other blockchains but their sale volume is less than other 2.

0xe4cf4bdc1751c65d has gained the most volume from selling NFTs on Flow (9,596,151 USD). (He/She is also the top seller in terms of sales count)

9fivU8ojzhDNSAVvqQsFhk8tLMbjHKU6edfwYYZU6dmJ has gained the most volume from selling NFTs on Solana (48,773,350.04 USD).

0xd73e0def01246b650d8a367a4b209be59c8be8ab has gained the most volume from selling NFTs on Ethereum (2,324,090,784.87 USD).

Tokens and Collections

The average number of trades, sellers and buyers for an NFT (token) on Ethereum is way more than the other 2 and Solana is on the second rank.

Moreover, the average trading volume for an NFT (token) on Ethereum is also way more than the other 2 blockchains.

NFT ID 1673194 from TopShot collection is the most popular NFT on Flow blockchain (in terms of number of trades).

The NFT CM4eWVMJpRHDKya6DbeK8V9XMEwauhHzce32oybT2dju from The Gimmicks collection is the most popular NFT on Solana blockchain (in terms of number of trades).

NFT ID 0 from Adidas collection is the most popular NFT on Ethereum blockchain (in terms of number of trades).

NFT ID 3252546 from AllDay collection is the most popular NFT on Flow blockchain (in terms of volume of trades).

The NFT 7kNFPva1gZhS3dg4Mke1wPG4WZuE35nTrPThdzwtLy2x from Solana Monkey Business collection is the most popular NFT on Solana blockchain (in terms of volume of trades).

NFT ID 9559 from terraforms collection is the most popular NFT on Ethereum blockchain (in terms of volume of trades).

The NFT ID 3252546 from AllDay collection is the most expensive NFT on Flow till today with a price of 50000 USD.

The NFT 7kNFPva1gZhS3dg4Mke1wPG4WZuE35nTrPThdzwtLy2x from the Solana Monkey Business Collection is the most expensive NFT on Solana till today with a price of 9,856,808.65 USD.

The NFT ID 5822 from Cryptopunks collection is the most expensive NFT on Ethereum till today with a price of 23,759,664.68 USD.

TopShot NFT collection is by far the most popular collection on Flow blockchain in terms of number of trades.

ABC collection is the most popular one on the Solana blockchain in terms of number of trades.

and the projects labeled as Opensea are the most popular NFT projects on Ethereum in terms of number of trades.

TopShot NFT collection is also by far the most popular collection on Flow blockchain in terms of volume of trades.

Okay Bears collection is the most popular one on the Solana blockchain in terms of volume of trades.

and the Sudo Inu project is the most popular NFT project on Ethereum in terms of volume of trades.

Conclusion

• Ethereum is by far the oldest and highest market-capped NFT platform and the transactions performed on this blockchain are heavier than Solana and Flow. Ethereum NFTs are way much more expensive than NFTs on Solana and Flow but On the other hand, Ethereum NFT sellers and buyers are performing fewer NFT trading transactions than the other 2 blockchains.
• The main reason behind Solana and Flow growth can be because of low NFT minting/listing fees on these blockchains compared to Ethereum and also the higher speed of transactions.
• Flow NFT traders are more active than the other 2 blockchains since they are doing more and more sale and purchase transactions but with a way lower volume than trades on Ethereum and Solana. Moreover, there are more and more number of daily active users (both buyers and sellers) during recent weeks on Solana and Flow compared to the Ethereum.
• Solana NFT sales activity has reached its ATH during recent weeks but the volume spent on these trades is not so high compared to the May month hype.
• The highest NFTs peak on Ethereum was on January 2022 but the number of sales and also sale volume on it is decreasing over time till today.
• Solana and Flow during the recent weeks have had better performance than Ethereum.

Discord: Ali3N#8546

What is FLOW ?

Flow is one of the leading blockchains for the next generation of apps, NFTs, and games. It's designed to scale in a way that doesn't use sharding techniques, so transactions are fast and low-cost. Most notably, Flow is focused on reducing the complexity that is seen in other blockchains.

What is Solana ?

Solana is a decentralized blockchain built to enable scalable, user-friendly apps for the world. Solana is considered the fastest blockchain with a bright future ahead as its technology continues to advance. The 9th-largest crypto based on its market cap, Solana's popularity is continuing to grow. It had a huge upswing in 2021 but dipped along with the rest of the market in 2022

What is Ethereum ?

Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. Ethereum was conceived in 2013 by programmer Vitalik Buterin.

Methodology

In this dashboard, We are going to compare the NFT market and its users’ behavior on 3 different blockchains: Flow, Solana and Ethereum.

The main table we are going to use for the analysis are flow.core.ez_nft_sales, solana.core.fact_nft_sales and ethereum.core.ez_nft_sales.

The minimum timespan on Flipside’s Flow blockchain’s NFTs Table is 2022-04-20.

The minimum timespan on Flipside’s Solana blockchain’s NFTs Table is 2021-12-01.

The minimum timespan on Flipside’s Ethereum blockchain’s NFTs Table is 2017-06-23.

So, our below analysis is valid from the above-mentioned date till today.

TopShot marketplace is the top NFT trading platform on Flow in both terms of volume and trades count.

Magic Eden v2 is the top marketplace on Solana in both terms of volume and trades count.

and Ofcourse OpenSea (as the top NFT marketplace in the world) is the top NFT platform on Ethereum.

According to the above charts, total trend for NFTs sales on these blockchains is quite increasing. during recent weeks, the number of NFT sales on Solana blockchain has increased dramatically and it achieved its ATH.

total trend of nft sales on Ethereum is decreasing over time and its getting lower and lower after its ATH during January 2022.

as time goes on, Solana and Flow’s share from NFT sales and also buyers and sellers on these platforms is getting more and more to the extent that on some days (especially during recent days thanks to Solana), they have overtook Ethereum NFT sales.

0xe4cf4bdc1751c65d has performed the most number of sale transactions on Flow (133254 Sales).

7g2bSCut8dHdELfyTpDkEF1gPM4PPn1jn7Yi1FACCivD has performed the most number of sale transactions on Solana (13442 Sales).

0xbdd95abe8a7694ccd77143376b0fbea183e6a740 has performed the most number of sale transactions on Ethereum (24514 Sales).

According to the above charts, the number of new sellers on Ethereum is increasing over time but this trend line is decreasing on Flow and Solana.

The number of new nft buyers on all blockchains is decreasing over time.