Looking For The Elixir

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    • The analysis uncovered more than 58,000 trades within the Elixir marketplace, with a total volume of approximately 335,000 $SOL. On average, each trade amounted to around 6 $SOL.

    • A diverse community of buyers participated in the Elixir marketplace, with over 35,000 buyers acquiring around 30,000 unique NFTs. These NFTs were facilitated by more than 19,000 distinct sellers.

    • In terms of its share within the broader Solana NFT marketplaces, Elixir accounted for less than 1.5% in both trade frequency and volume. This indicates that while Elixir holds a notable position, it still has room for growth within the Solana ecosystem.

    • The analysis highlighted a noticeable downward trend in the number of new users joining the Elixir platform during 2023. However, the first five months of the year witnessed over 38,000 unique traders entering the platform, showcasing a steady influx of participants.

    • Wash trading, a concerning phenomenon in the world of trading, was relatively uncommon within the Elixir marketplace. Less than 1% of the trades were detected as instances of wash trading, indicating a relatively healthy trading environment.

    • The top traded NFT collections in Elixir during 2023 were Ovols, Chads, and Nomads, highlighting the popularity and demand for these specific collections within the marketplace

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    Main Takeaways
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