The first thing we can find in daily chart is the recent hype of the Reddit NFTs, Although they were available on OpenSea since 30th August 2022 but the main hype was started in recent week as we see a huge spike the daily sales volume which lead to $9.72M sales in total until now.

As we see, the trading counts have a strong correlation with volumes chart.

Since the listing date until the 20TH October, Reddit CA’s in only 1 day reached the +1000 trades in one single day, but from that date the hyped started and they reached +9600 sales in 24th October.

As we see, Reddit CA collections has been sold until now and the wallets selling these NFTs is more than the ones buying it (as many people get their NFTs as airdrop, and decide to use this free money some where else!

Another notable thing is the trader counts reaching from below 100 in the first days to +4000 in the nosiest day on 24th October.

We can see the money inflow in the NFT prices to?

The Average of the Reddit CAs has increased from $28 in the first of the launch to $132 in the most sale volume day and was able to remain +$100 in recent week.

If we see the highest sales in each day, we can find crazy prices! reaching $330 from to $38k which means more than 10x growth in less than 2 months!

With 1876 trades, Spooky Season: poieeeyee Collection is the most trader collection among the Reddit CAs, The Drag Queens of Big Gay Baby is the 2nd one with 1495 trades and Cute Snakes with 1359 trades are the next ones.

Just like the trade counts, in the sales volume also Spooky Season: poieeeyee is the king! $2.25M is the total sales volume of This collection after that Foustlings NFT, The Senses are the next collections with 1.36M and 1.33M trade volume

Comparing Reddit CA launch with MoonBirds launch

So first 60 days from the launch, is our timeframe for doing these comparation:

The projects stats are completely different! MoonBird’s hype ended in first 2 days while Reddit CA went viral 2 month after the launch! Also we can see Reddit NFTs higher share in its chain marketplace comparing with MoonBeards on Ethereum NFT sales in OpenSea.

What is Reddit?

Founded in 2005, Reddit is a networking site where users share, discuss, and vote on content. Users can give upvotes or downvotes on posts, which affect the post’s popularity and search ranking within the site. 

There are over 430 million active users on Reddit. Reddit users, popularly nicknamed ‘Redditors’, go on Reddit for entertainment (Reddit is known for popularizing memes widely used across the Internet), news and updates, and marketing on just about any topic of interest.

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What are Reddit Collectible Avatars (CA)?

On July 7, 2022, Reddit announced the launch of a new project: Collectible Avatars. These limited-edition PFPs, created by independent artists in partnership with the company (in addition to popular Reddit community creators), would confer unique platform benefits to their owners. Backed by the Polygon blockchain and available for purchase at a fixed price in fiat, it was Reddit’s first large-scale foray into the NFT space.

Reddit’s CryptoSnoos NFTs are digital, limited-edition collectibles based on the social platform’s mascot, Snoo. They’re designed by independent artists.

Methodology

In this dashboard we are tracking the Reddit NFTs selling stats in OpenSea on polygon blockchain at first, Find the most favored Collections in the 2nd part, looking at the Reddit collections effect to OpenSea on Polygon on next step, And Then we will compare some metrics of the Reddit NFTs with one of the most famous collections in OpenSea on Ethereum, MoonBirds.

• OpenSea Marketplace Contract on Polygon :'0x1e0049783f008a0085193e00003d00cd54003c71'
• Reddit NFTs full list:
• Moonbirds NFT contract: '0x23581767a106ae21c074b2276D25e5C3e136a68b'

Part 1: Overall Stats

The Most Wanted CAs:

What are Moonbirds?

Moonbirds is a collection of 10,000 Ethereum NFTs, each featuring a pixelated owl character with randomized traits and features. While there are common elements found across multiple images, no two NFTs are exactly alike.

In this sense, it’s much like the Bored Apes and many, many other profile picture projects on the market right now. Also like the Bored Apes, Moonbirds holders have intellectual property rights and can use their owned image to create products, services, merchandise, and more. They also have access to a private community called the PROOF Collective.

In this part, we are going to compare Reddit CA with MoonBirds (which is launched on early months of 2022) at the same days passing from their first trade in secondary market (Our selected secondary market for both these collections is OpenSea), So let’s find out how many days has been past from Reddit CAs first trade:

If we take a look at the Daily trades volume in OpenSea on Polygon we see the Reddit CA is attracting the majority of the sales volume to itself!

75% of the total volume is happening in Reddit CA trades. And by comparing the volumes to MoonBirds we see Reddit CA is much more success to attract the money flow to its projects.

• Trade counts:

• Attracting the money volume

/which collection have stronger correlation with $ETH price?

As we see in MoonBirds, The highest volume of the sales have been happened when $ETH price were bullish (around 3000k) but in Reddit CA the volume is not related to $ETH price and follows the hype mostly!

Conclusion:

• Although Reddit collections were available on OpenSea since 30th August 2022 but the main hype was started in recent week as we see a huge spike the daily sales volume which lead to $9.72M sales volume and 46.9k trades in OpenSea in total until now.

• Spooky Season: poieeeyee is the king of the Reddit CA collections in both sales volume with $2.25M and trades count with 1876 trades.

• IF we compare Reddit CAs with Moonbirds, we see MoonBird’s hype ended in first 2 days while Reddit CA went viral 2 month after the launch! Also we can see Reddit NFTs higher share in its chain marketplace comparing with MoonBeards on Ethereum NFT sales in OpenSea.

• Reddit CA is attracting the majority of the sales volume from its secondary marketplace to itself! 75% of the total sales volume On OpenSea on Polygon, is happening in Reddit CA trades, While MoonBirds just attract 8.5% of the total volume to itsels.

• MoonBirds sale status have more correlation to $ETH price comparing with Reddit CA and $ETH price. The highest volume of the sales have been happened when $ETH price were bullish (around 3000k) but in Reddit CA the volume is not related to $ETH price too much, and follows the hype mostly!

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