Try Quests to earn cryptoNFT Crossovers
Create a dashboard that shows the crossover between the Optimism OP NFT projects by market cap. Which of the strongest projects tend to have the most crossover, and which projects have a wider mix of other communities? Which communities tend to provide the most signal that another NFT project will do well? As in, is there any alpha if you were to see a certain PFP buying another collection? Which communities tend to be most active in minting new collections? Which communities have are the most diamond handed on other projects?
:writing_hand: Observations
Top collections by market cap
- The ==OptiPunk== collection ranks first with a market cap of 1.17M dollars.
- The ==Early Optimists== Collection is next with a market cap of 890k dollars.
Top collections by number of transactions
- ==Introducing the Optimism Collective== collection had the highest number of transactions with about 33k transactions.
Top collections by number of buyers
- The ==Introducing the Optimism Collective== collection has the most buyers.
- And the noteworthy point is that the sellers are also few in this collection and it can be said that the buyers are willing to hold the NFTs of this collection.
Top collections by median volume
- The highest average volume belongs to ==OptiPunk== collection with 215 dollars.
Top collections by average volume
- The highest average volume belongs to ==OptiPunk== collection with 283 dollars.
Top collections by maximum
- The highest max volume belongs to ==OptiPunk== collection with 14k dollars.
Top collections by minimum
- The minimum volume of ==OP Orcas== collection is 11 dollars, which is the highest minimum volume among other collections.
Introduction
What is 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.
What is NFT?
What is an NFT Project? An NFT project contains unique collections of NFTs ─ Non-Fungible Tokens. An NFT is a non-interchangeable unit of data stored in a blockchain with proof of ownership. In general, an NFT project differs from NFT art as it is produced on a much larger scale.
What is Quix?
Quix is the largest NFT marketplace on Optimism, a layer 2 scaling solution for Ethereum.
Method
First, I got the top 10 Optimism NFT projects based on market cap (in Quix market place) from the optimism.core.ez_nft_sales and optimism.core.dim_labels tables.
- I compared these top 10 projects based on volume, number of transactions, number of buyers and sellers, average/maximum/minimum/median.
- I got the total weekly volume/number of transactions for these top 10 projects.
- I compared the participation of buyers in the top 10 projects.
- I got top 10 project holders who participated in another project.
- I got top 10 project holders who have not participated in any other project
Overall Top 10 NFT Projects based on Market Cap
Total weekly Volume and Transaction of the Top 10 NFT Projects
Top 10 Project Crossover by Buyers
- Introducing the Optimism Collective has the most crossover with Optimistic Explorer.
- Early Optimists has the most crossover with Optimistic Explorer and Introducing the Optimism Collective.
- Hustlers has the most crossover with Introducing the Optimism Collective.
- Introducing the Optimism Collective has the most crossover with Optimistic Explorer and Early Optimists.
- Introducing the Optimism Collective, Optimistic Explorer and Early Optimists projects have the most crossover.
- Introducing the Optimism Collective has a wider mix of other communities.
Top 10 Communities Tend to be Most Active in Minting new Collections
Early Optimists, Introducing the Optimism Collective and Early Optimists communities are more active in mining new collections.
It means that buyers who are in Early Optimists, Introducing the Optimism Collective and Optimistic Explorer projects are also buyers of new collections.
For example, community Early Optimists has about 7,500 buyers, who have also participated (have bought) in other projects.
Holders of the top 10 projects
In the opposite chart, you can see the number of buyers in the projects who did not participate (have not bought) in other projects.
Introducing the Optimism Collective about 10.5k buyers have not participated (have not bought) in another project and have been loyal to their community.
Top 10 Communities Have Are The Most Diamond Handed on Other Projects
Early Optimists project community have the users with the most diamond handed on other projects.
In community Early Optimists, buyers have bought into other projects and have not yet sold them.
The charts above show total weekly volume and number of transactions of the top 10 projects.
- The largest volume was on September 19, when Early Optimists had the largest volume share.
- The point that can be pointed out is that with the launch of other projects, the volume of OptiPunk project has decreased and other projects, including Early Optimists and Optimistic Explorer, have a larger volume.
- The number of weekly transactions from April 10 can be divided into 2 groups
- From April 10 To July 20 => Most of the transactions belonged to Introducing the Optimism Collective, Optimistic Apes, Apetimism, Hustlers, and OptiPunk projects.
- From July 20 To current date => Most of the transactions belonged to Optimistic Explorer, Early Optimists, motorheadz and OptiChads projects.
Conclusion
- Introducing the Optimism Collective has the most crossover with Optimistic Explorer and Early Optimists.
- Early Optimists has the most crossover with Optimistic Explorer and Introducing the Optimism Collective.
- Introducing the Optimism Collective has a wider mix of other communities.
- Early Optimists, Introducing the Optimism Collective and Early Optimists communities are more active in mining new collections.
- Introducing the Optimism Collective about 10.5k buyers have not participated (have not bought) in another project and have been loyal to their community.
- Early Optimists project community have the users with the most diamond handed on other projects.
Questions that will be answered in this dashboard
- Which of the strongest projects tend to have the most crossover, and which projects have a wider mix of other communities?
- Which communities tend to provide the most signal that another NFT project will do well?
- As in, is there any alpha if you were to see a certain PFP buying another collection?
- Which communities tend to be most active in minting new collections? Which communities have are the most diamond handed on other projects?