Data Analysis

Methodology

The playoffs began on April 16 and ended on June 16 with the conclusion of the 2022 NBA Finals.

In this dashboard, the following tables have been used to extract data:

• flow.core.fact_transactions
• flow.core.fact_nft_sales

There is no data in the Flow database before April 20.

Question

Analyze the start of the NBA playoffs (mid-April) and determine whether it had an impact on Flow transaction volume. What about NBA Top Shots?

Question(1). Analyze the start of the NBA playoffs (mid-April) and determine whether it had an impact on Flow transaction volume.

The chart below shows the number of transactions on the Flow chain from April 20, 2022 onwards

• The general trend of the chart is ascending related to the number of transactions. In fact, the number of transactions increased from 367k on April 20th to 1.9M on June 25th.
• The number of unique addresses recording transactions on the Flow chain also increased gradually from May 15 onwards.
• In late April and early May, we see several significant increases in the number of transactions and the number of unique addresses that record transactions on the Flow chain. These dates are:

  • Apr 29 ---> 633k TXs & 422k Addresses

  • May 3 ---> 582k TXs & 386k Addresses

  • May 6 ---> 854k TXs & 523k Addresses

• The decline in the number of unique addresses in the second week of May was due to the fall in the price of bitcoin, as well as the devaluation of the entire crypto market.

Question(2). What about NBA Top Shots?

The weekly chart gives us a better view of the impact of the NBA Playoff event on the number of transactions on the Flow Chain.

The chart below shows that from April 18 until the second week of June, the number of transactions has gradually increased. On the other hand, the number of users increased for three consecutive weeks, but in the fourth week, we see a decrease in the number of unique users of the Flow chain. After the number of users dropped in the fourth week, another 4 weeks passed until the number of users was almost recovered.

The charts below also show the number of transactions related to the NBA TopShot collection in weekly and monthly timeframes.

According to the chart below, the number of transactions and the number of unique addresses who interacted with the collection gradually increased to May 6, after which the number of transactions and the number of users gradually decreased as the excitement from the NBA Playoff event diminished.

Apr 20: 24k TXs & 4,923 addresses ---> May 6: 67k TXs & 11,683 addresses

The weekly chart also confirms that first the number of users and the number of transactions related to NBA TopShot Collection increased and then decreased.