Try Quests to earn NEARA retrospective on the NFT market in 2022.
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- NFT project with the highest volume of trades in 2022?
- Which NFT project had the largest mint by dollar?
- Which NFT project decreased the most in value this year?
- Which NFT project gained the most value this year?
- What was the price of the highest-selling individual NFT?
- Which NFTs had the longest hold time this year?
- Which NFT project had the least amount of NFTs listed for sale on an exchange?
- Which project had the most NFTs listed for sale on an exchange?
Introduction
What exactly is NFT?
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. \n
Methodology
In this dashboard we are going to compare the important factors regarding the NFT trading in different networks. The factors that have been used for review and comparison are:
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Trend/cumulative/total sale volume per network
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Trend/cumulative/total number of Buyer per network
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Trend/cumulative/total number of Sales per network
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AVG sale amount per chain
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#sales per Collection / USD per Day
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#sales per NFT / USD per NFT
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Txns per NFT per network
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Txns per Collection per network
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In the second part, you can select your favorite network and view all the mentioned items exclusively by that network. Time and scale (daily, weekly and monthly) can be changed.
SOLANA
Created by Anatoly Yakovenko, Solana operates on a decentralized computer network using a ledger called blockchain. This blockchain database manages and tracks the currency, and effectively records every transaction that's ever occurred in it, like a long running receipt 2
==ETHEREUM==
Ethereum is a decentralized blockchain platform that establishes a peer-to-peer network that securely executes and verifies application code, called smart contracts. Smart contracts allow participants to transact with each other without a trusted central authority. 3
FLOW
Flow is a blockchain platform that originally was designed for gaming purposes, but has expanded since its launch in 2020. The flow blockchain enables fast, low-cost transactions and supports smart contracts. It powers blockchain applications including NBA Top Shot, a non-fungible token (NFT) offering. 4
NEAR
Near Protocol is a layer 1 blockchain network. It provides a platform on which developers can build decentralized applications (dapps). The most successful layer 1 blockchain is Ethereum, so protocols like Near are seen as challengers.
The key yardsticks for layer 1 networks are transaction costs, speed and the ability to maintain those features as transaction volumes grow. These factors are the focus for layer 1s like Near to improve upon Ethereum, which has encountered issues with costs and speed over the last few years. 5
OPTIMISM
Optimism is a fast, stable, and scalable L2 blockchain built by Ethereum developers, for Ethereum developers. Built as a minimal extension to existing Ethereum software, Optimism's EVM-equivalent architecture scales your Ethereum apps without surprises. 6
ALGORAND
Algorand is an open-source, decentralized blockchain network that leverages a two-tiered structure and a unique variation of the Proof-of-Stake (PoS) consensus mechanism to increase transaction speeds and achieve finality. 7
Findings
- In terms of the number of total sales, Ethereum has been ranked first by selling more than its competitors, and Flow is in second place with a not a small distance, and Solana is in third place. Flow has recently experienced a significant jump in terms of sales numbers and this is quite evident in the daily sales chart.
- All networks are in a good position in terms of sales growth.
- In terms of the average sales volume, Ethereum ranks first, with more than others and with an average of about ten times.
- In terms of avg buyers/day : ETH is ranked first by 326k, Optimism ranked second with 86k and Flow ranked third by 53k
- in terms of avg sales/day : Ethereum is ranked first by 2M, Flow ranked second with 1M and Solana ranked third by 300k
- in terms of avg volume $/day : Solana is ranked first by29M , ETH ranked second with 23M and Flow ranked third by 500k
- There are more whale activities in Flow than other two networks