Introduction

In 2021, the world witnessed a significant surge in the popularity and adoption of NFTs. Despite the bearish market conditions in 2022, the NFT market continued to demonstrate signs of vitality. Many anticipate that NFTs could serve as a lifeline for the crypto market and blockchain projects by attracting new users to cryptocurrencies.

While the NFT market may not be the center of attention in 2023, it remains an active and expanding market across various blockchain platforms.

Given its widespread adoption among NFT users, Ethereum plays a critical role in the NFT market. Thus, tracking the NFT market on Ethereum is essential for understanding the broader blockchain ecosystem.

This dashboard provides an overview of the NFT market on the Ethereum blockchain over the past 30 days.

References

Image by pikisuperstar on Freepik

More about the Author

Twitter: @SocioCrypto

Discord: SocioCrypto#1741

Flipside Profile: https://flipsidecrypto.xyz/SocioCrypto

Method and Data

For the purpose of this analysis the Ethereum.core schema of Flipside's data has been used. The timeframe for this analysis was set to the past 30 days, with weekly intervals being used to better understand trends and patterns over time.

To identify the top collections, the analysis considered the sales volume (in USD) of each collection. The top 5collections were then selected, and their main statistics, such as the number of sales, the average price, and the number of buyers, were analyzed and presented in the dashboard.