Try Quests to earn cryptoOptimism NFT Purchasing Behavior
Introduction
In 2021 the popularity of NFTs exploded and the adoption of NFTs rapidly grew. In the 2022 bear market, the NFT market continues showing signs of being alive. Even many expect NFTs to rescue the crypto market and blockchain projects by pulling new people into using cryptocurrencies.
While Ethereum is the most popular blockchain for NFTs, its relatively high gas fee discourage many to be involved in NFT market. Optimism as a layer 2 solution for Ethereum draws a lot of attention to be expected to attract many Ethereum NFT users thanks to its low transaction fee.
This dashboard provides an overview of NFT purchasing begaviour on Optimism.
Top collections
Donut charts below show the top 10 collections in terms of number of sales, unique buyers and volume of sales. We can see that Optipunk is the most popular NFT collection on Optimism in terms of volume.
Focusing on these 10 collections we investigate how their floor price has changed over time.
Floor price
Graphs below show how the floor price of top 10 collections in terms of volume in 2022 has changed over time in Ethereum and Optimism.
Surprisingly, we can see that the floor price for the top collection on Optimism in general is lower than on Ethereum except two collection Ganland and cryptotesters.
Descriptives
Graphs below show how the number of nft sales, number of unique buyers, the volume of sales and the number of collections involved in sales has changed over time. As can be seen the number of sales and number of unique purchasers has increased significantly in the past month. The number of collections has increased gradually.
Conclusion
The data shows that Optimism is a growing blockchain in terms of NFT market. The popularity of Optimism in terms of number of sales and number of users as well as the volume of ETH involved has exploded in the past month.
However, the majority of NFT sales are low in ETH price. We can see that about three fourth of sales are less than 0.01 ETH. This is not surprising as the low transaction fee on Optimism offers the opportunity of trading low price NFTs.
Top collections on Optimism also shows that tend to have a lower floor price comparing to Ethereum.