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 is RaceDay NFT?

RaceDay NFT is a first-of-its-kind motorsports NFT marketplace for race fans offering various collectibles - officially authenticated and verified on the Flow Blockchain.

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.

Part One

Overall RaceDay NFT Stats

Tokens Stats

An average buyer of the RaceDay collection usually hold his/her token for almost 43.5 days (More than 1 Month) which is quite satisfying result and shows the high loyalty of buyers to this collection**.**

on the left chart, we can see 21.2% of users are holding their purchased tokens less than 1 Day. there is not much difference between ratio of users with different holding time periods.

Daily,Weekly,Monthly and Over-Time Stats

Based on the above charts and data, we can see the average sale volume (~tokens price) of RaceDay NFT collection is increasing significanlty over time.

We can see high activity of RaceDay collection sales after Late-April, May 2022 till today.

The day with the highest number of RaceDay sales and traded tokens is 28th April 2022. (213 tokens and sales)

The day with the highest volume of RaceDay sales is 20th April with 4423 USD volume.

If we seperate charts into 2 equal parts, the activity on the second (recent months) part is way more than first part and this shows the growth of this collection over time. But, we can not say there is a quite increasing trend of activity over time.

Most number of new users have purchased this NFT collection on 25th May (22 new users).

Token ID #77874 is the most expensive sold token on RaceDay collection with $2500 price. this token has also the most total volume of trades among other tokens.

Token ID #13787 is the most traded token with total 6 trades.

According to the above data, the total number of trades on the RaceDay collection is 4390 Transactions made by 516 buyers and 1007 sellers who have traded 3620 tokens with total volume of 29.5 USD.

The average volume of sales is $6.73 and the median volume is $1. the high difference between average and median volume of sales can be because of (an) unusual activity for purchasing RaceDay tokens with too high volume.

The Minimum volume of sales is only $0.000013 while the maximum is $2500 (high difference).

Also, we can see the most number of sales on this collection (more than 71% of total sales) is done with less than $5 volume and trades with less than $10 - $25 volume are on the second rank. There are only 27 transactions that were done with more than $100 volume which shows the suitable price of this collection.

Purchasers Stats

Based on the above data, an average RaceDay purchaser has performed 8.5 purchase transactions (8.49 traded tokens) with total 57.2 USD spent volume. this shows the actual high activity of buyers.

Moreover, we can see most number of Buyers have only purchased 1 token in 1 transaction and have totally spent less than $5 for buying RaceDay tokens. Buyers with 2-5 trades (2-5 tokens) and $10 - $25 volume are on the second rank.

The user address 0x0c4a39107850f89b has performed the most number of purchase transactions (673) with total **$**565.18 purchase volume. This user has also purchased the most number of tokens (673)

The user address 0x4af0e3f447afc87b has spent the most volume (5116 USD in 498 Transactions) for purchasing tokens on RaceDay collection. this user is on the second rank of number of purchases and purchased tokens.

According to the left chart, the user address 0x4af0e3f447afc87b is currently holding most number of RaceDay tokens (496 tokens) among all collectors of this collection.

As we saw above, this user have spent most volume for purchasing tokens and was the second user with most number of purchases and purchased tokens.

Sellers Stats

Based on the above data, an average RaceDay Seller has performed 4.36 sale transactions (4.35 traded tokens) with total 29.3 USD gained volume. Buyers on this collection are way more active than sellers.

Moreover, we can see most number of sellers have sold 1 token in 1 transaction and have totally gained less than $5 from selling RaceDay tokens.

The user address 0xc8b75d0745d3f284 has performed the most number of sale transactions (269) and also sold most number of tokens (269) and his/her total gained amount is $3088 which is the highest among all other sellers.

with a closer look at this account () we can see this wallet is hyperactive on trading NFTs on Flow.

And based on the left chart, 0xb2f3114256544984 is the most successfull RaceDay trader with most profit ($2383)

The top active seller (0xc8b75d0745d3f284) is on the second rank of this chart with 2306 earned profit.

Part Two

Crossover Stats

As mentioned in the methodology section, I have mainly assumed users who have purchased RaceDay NFTs first, and then they have purchased other collections later. (timestamp of RaceDay NFT purchase is sooner than other collections purchase date) for defining crossover.

According to the left chart, RaceDay NFT has the most crossover ratio (23.25%) with TopShot collection on Flow.

On the next ranks, we can see StarlyCard, Mynft, AllDay and PackNFT which their purchaser have the most crossover with RaceDay.

Totally, we can see most number of these collections are sport-related.

On the above charts, we can see the number of AllDay collection trades by RaceDay fans is more than all other collections. but as mentioned above, the number of buyers (purchasers crossover) on TopShot is more than all projects.

In terms of volume, on the above chart, we can see RaceDay NFT fans have mostly spent most volume for purchasing AllDay NFT collection tokens.

On the left chart we can see the daily mint actions of RaceDay NFT over time (by using fact.event table and filtering event_name to mint and event_contract to RaceDay collection contract address.)

We can see several high spikes of mint actions during days of the chart over time. March and May were 2 months with highest number of mints.

According to the above data, RaceDay collection has purchaser crossover with 109 other collections and total 22k involved crossovered tokens.

The average spent volume by RaceDay fans for purchasing other collections tokens is 4.96 USD.

On the above charts, I have analysed the purchase date of other collections by RaceDay fans to realize weather they have purchased these collections later or sooner than RaceDay.

On the above charts, we can see TopShot collection has significanly overtaken other collections in terms of purchasers crossver with RaceDay NFT collection.

But in terms of volume, the growth rate (cumulative volume) of AllDay NFT collection is way more than all.

During the first months of the charts, RaceDay Fans were mostly purchasiing tokens from Rarible NFT project but after a while and during recent months, UFC_NET and TopShot are the leading projects in this terms.

Moreover, we can see the number of crossovers and also the spent volume for purchasing other collections by RaceDay fans is increasing over time in all charts.

Also, we can see significant role of Sport-Related collections on the top ranked projects.

Based on the above charts, the activity of RaceDay fans for purchasing Seussibles and UFC_NET collections’ tokens is more than other projects.

But, the average spent volume by a RaceDay fan for purchasing MatrixWorldVoucher is more than other collections.

On the left chart, we can see most number of RaceDay fans have totally performed One or 2-5 transactions for purchasing other collections tokens.

Also on the left chart, we can see most number of RaceDay fans have totally purchased One or 2-5 tokens from other projects.

But on the left chart, we can see most number of RaceDay fans have totally spent more than $100 for purchasing tokens from other collections.

Fans with less than $5 spent volume on other projects are on the second rank .

Based on the left chart, RaceDay fans tend to hold their purchased token from StarlyCard and TuneGO collections longer than other projects.

And on the left chart, we can see RaceDay fans are holding Seussibles Tokens more than all other collections. UFC_NET is on the second rank in this term.

And on the above chart, we can see there are 251 users who their first NFT purchase transaction on Flow was for buying RaceDay NFT.

This means almost 48.6% of all RaceDay buyers have done their first NFT purchase transaction on Flow for buying tokens from this collection.

Methodology

In this dashboard, we are going to perform a mega-deep analysis of the RaceDay NFT project by mainly flow.core.ez_nft_sales table.

This dashboard has 2 parts: In the first part, I have analyzed sales, traders, holders, mint and other similar stuff about RaceDay NFT specifically. In the second part, I have analyzed this collection’s crossover data with other Flow NFT projects.

• The contract address for RaceDay project is 'A.329feb3ab062d289.RaceDay_NFT'.
• There are several currencies for buying RaceDay NFTs (FLOW, FUSD and Dapper Utility Token). Except FLOW, others are stablecoins, So, we have to convert sales with FLOW currency to its average USD value of that day (by using flow.core.fact_prices table) to extract the USD value of sales.
• I have only considered successful transactions.
• I have also extracted the Mint data about this project by using flow.core.fact_events table (by filtering event_name to mint and event contract to 'A.329feb3ab062d289.RaceDay_NFT'.)
• For better visualization of other collections’ names, I have subtracted the extra letter (first 20 characters) from collections’ names to only show the actual collection name in the charts.
• For the crossover part, I have mainly assumed users who have purchased RaceDay NFTs first, and then they have purchased other collections later. (timestamp of RaceDay NFT purchase is sooner than other collections purchase date)

In an average day, there is 13 sale transactions on RaceDay collection made by 4.13 buyers and 7.49 sellers with 88.2 USD volume. Currently, The daily activity for this collection is very low.

AdAccording to the above charts, Thursday is the most popular day of RaceDay traders with most number of sales and active traders. But, the highest volume of trades has achieved on Wednesdays.

Based on the above charts, in an average day, RaceDay fans are purchasing most tokens from AllDay, UFC-NET, TopShot and PackNFT collections more than all other ones.

Moreover, we can see the daily average spent volume by RaceDay fans for purchasing MetaPanda collection tokens is way more than other projects.

Conclusion

According to the above analysis, We have realized that:

• RaceDay NFT is growing well in all terms, especially in its token price since its average volume of sales is increasing over time.

• The most number of sales on this collection (more than 71% of total sales) are done with less than $5 volume.

• RaceDay purchasers are loyal to their purchased tokens since they are holding them for an average of 43 days.

• RaceDay has its major crossover with sport-related collections such as TopShot, AllDay, and UFC_NET.

• Totally, Most of the RaceDay fans are also buying sport-related NFTs and this shows RaceDay is highly stacking up with sport NFTs on Flow.

• The activity of buyers on RaceDay NFT is way more than Sellers.

• March, May, and April were the most popular months for the RaceDay collection. most number and volume of sales and traded tokens for the RaceDay NFT collection have been achieved in these months. Moreover, we can see the high activity of RaceDay NFT sales after May (compared to the previous months)

  Thursday is the most popular day for RaceDay traders with the most number of sales and active traders. But, the highest volume of trades has been achieved on Wednesdays.

• 50% of all RaceDay buyers have made their first NFT purchase transaction on Flow by buying tokens from this collection.

• 0xb2f3114256544984 is the most successful RaceDay trader with the most earned profit ($2383).

• the user address 0x4af0e3f447afc87b is currently holding the most number of RaceDay tokens (496 tokens) among all collectors of this collection.

• the user address 0xc8b75d0745d3f284 is the top seller of RaceDay tokens that gained the most volume purchased the most number of sales and sold the most number of tokens from RaceDay. this wallet’s main activity is trading NFTs.

• The user address 0x0c4a39107850f89b has performed the most number of purchase transactions. This user has also purchased the most number of tokens (673)

• The user address 0x4af0e3f447afc87b has spent the most volume for purchasing tokens on the RaceDay collection.

Discord: Ali3N#8546

Twitter: Alik_110

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@RaceDayNFT Social Activity on Twitter