Metrics

In this dashboard, the top 3 marketplaces (opensea, x2y2 and LookRare) are compared based on NFT sales

The metrics that are reviewed in this dashboard are:

• Total daily volume of NFT sales
• Total weekly volume of NFT sales
• Total daily number of NFT sales
• Total weekly number of NFT sales
• Total daily creator fee of NFT
• Total weekly creator fee of NFT
• Cumulative volume/number of sales/creation of fee of NFT by platforms
• Total buyers/sellers of NFT by platforms
• Average NFT price by platforms
• Distribution of NFT sales based on number of sales

Introduction

What is NFT?

NFT means non-fungible tokens (NFTs), which are generally created using the same type of programming used for cryptocurrencies. In simple terms these cryptographic assets are based on blockchain technology. They cannot be exchanged or traded equivalently like other cryptographic assets.

The term NFT clearly represents it can neither be replaced nor interchanged because it has unique properties. Physical currency and cryptocurrency are fungible, which means that they can be traded or exchanged for one another.

What is NFT marketplace?

An NFT marketplace is a blockchain-based online platform to sell and buy non-fungible tokens (NFTs).

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Method

I from the ethereum.core.ez_nft_sales table,I chose the top 3 marketplaces( opensea, x2y2 and LookRare) based on NFT sales and compared them based on the mentioned metrics.

The data obtained is from 2022-01-01 and is filtered based on opensea, x2y2 and LookRare platforms.

Conclusion

• Since January 10, platform Looksrare has had a larger volume of NFT sales than the other 2 platforms. On May 8, this volume of sales has decreased on platform Looksrare, and platform x2y2 has had a larger volume of sales than Looksrare.

• The number of NFT sales in Opensea is more than the other 2 platforms.

• Creator fee in the Opensea platform is more than the other 2 platforms.

• The average price of NFTs on platform Looksrare is higher than other platforms.

• The largest number of NFT sales since the beginning of 2022 belongs to the Opensea platform with 15.2M NFTs, followed by Platform x2y2 with 746k NFTs and Platform Looksrare with 278k NFTs.

• The largest volume of sales since the beginning of 2022 belongs to the Looksrare platform with 27.1B dollars, followed by Platform Opensea with 19.1B dollars and Platform x2y2 with 3.5B dollars.

• The largest creator fee of NFT since the beginning of 2022 belongs to the Opensea platform with 1B dollars, followed by Platform Looksrare with 52.3M dollars and Platform x2y2 with 5.8M dollars.

• The largest number of buyers and sellers are on the Opensea platform.In all 3 platforms, the number of buyers is more than the number of sellers.

• Among the 3 platforms Opensea, x2y2 and Looksrare, x2y2 platform has the highest

  percentage number of NFT sales with zero creator fees.

• The highest percentage of the number of NFTs sold on the Opensea platform, its creator fee is in the range of less than 10 dollars.

• The highest percentage of the number of NFTs sold on the Looksrare and x2y2 platforms, their fees are zero.

:writing_hand: Observations

• Since January 10, platform Looksrare has had a larger volume of NFT sales than the other 2 platforms. On May 8, this volume of sales has decreased on platform Looksrare, and platform x2y2 has had a larger volume of sales than Looksrare.
• The number of NFT sales in Opensea is more than the other 2 platforms.
• Creator fee in the Opensea platform is more than the other 2 platforms.

Total daily/weekly volume, number of sales and creator fee of NFT by platforms

:writing_hand: Observations

• The volume of NFT sales on x2y2 platform is increasing, while this volume has been fixed on Looksrare platform since May 10. Of course, the sales volume on Opensea platform has also decreased, but it is still growing.
• The number of NFT sales on the Opensea platform is much higher than the other 2 platforms. The noteworthy point is that the number of NFT sales on the x2y2 platform has surpassed the Looksrare platform since June 20.
• The creator fee in the Opensea platform is more than the other 2 platforms, followed by the Looksrare and x2y2 platforms respectively.

Cumulative volume, number of sales and creator fee of NFT by platforms

:writing_hand: Observations

• The largest number of NFT sales since the beginning of 2022 belongs to the Opensea platform with 15.2M NFTs, followed by Platform x2y2 with 746k NFTs and Platform Looksrare with 278k NFTs.
• The largest volume of sales since the beginning of 2022 belongs to the Looksrare platform with 27.1B dollars, followed by Platform Opensea with 19.1B dollars and Platform x2y2 with 3.5B dollars.
• The largest creator fee of NFT since the beginning of 2022 belongs to the Opensea platform with 1B dollars, followed by Platform Looksrare with 52.3M dollars and Platform x2y2 with 5.8M dollars.
• The largest number of buyers and sellers are on the Opensea platform.In all 3 platforms, the number of buyers is more than the number of sellers.
• The average price of NFTs on platform Looksrare is higher than other platforms.
• The average creator fee of NFTs on platform Looksrare is higher than other platforms.

The opposite chart shows the distribution of the number of NFT sales based on creator fee of NFT in per platforms.

• larva labs, nftx and sudoswap platforms have zero creator fees.

• Among the 3 platforms Opensea, x2y2 and Looksrare, x2y2 platform has the highest

  percentage number of NFT sales with zero creator fees.

• The highest percentage of the number of NFTs sold on the Opensea platform, its creator fee is in the range of less than 10 dollars.

• The highest percentage of the number of NFTs sold on the Looksrare and x2y2 platforms, their fees are zero.

THANK YOU FOR READING!

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