Observation

• Using the total sales count results, we notice Solana has a more significant amount than Ethereum and Flow over the past 90 days, with 6.5M sales transactions and 49 percent of all.

• Ethereum has second place with 4.8M and 36.2 percent of transactions

• In the last rank, we have Flow with 1.97M and 14.8 percent of transactions.

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Observation

• Using the total unique buyers, results, we notice Ethereum has a more significant amount than Solana and Flow over the past 90 days, with 522K unique buyers and about 62 percent of all.

• Solana has second place with 266K and 31.4 percent of unique buyers.

• In the last rank, we have Flow with 57.3K and 6.78 percent of unique buyers.

  
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Observation

• Using the total volume results, we notice Ethereum has the most outstanding amount, with almost 100% of the total volume, and the total volume of the Solana and Flow can barely be seen compared to Ethereum.

Observation

• Solana has the dominance over Ethereum and Flow in both case of daily and total chart.

• The maximum of average sales per day for Solana was 882 and the average was 22.7K over the past 90 days.

• We have Flow in the second place with the average number of 13.5K sales per day over past 90 days.

• We have Ethereum in the last place with the average number of 2510 sales per day over past 90 days.

Observation

• Solana has the dominance over Ethereum and Flow in both case of daily and total chart.

• The maximum of average buyers was 929 for Solana over the past 90 days.

• We have Flow in the second place with the average number of 393 buyers per day over past 90 days.

• We have Ethereum in the last place with the average number of 273 buyers per day over past 90 days.

Solana

Solana is undoubtedly a great competitor to Ethereum. The platform has been created to provide developers with a place to develop user-oriented applications. The most intriguing feature of the platform is its efficiency. Solana is known to process around 50,000 to 65,000 transactions every second, making it one of the fastest blockchain platforms. It is currently the quickest blockchain platform available to developers for creating scalable applications, and due to this, it has the most efficient ecosystem. The primary focus of Solana is on scalability and user-friendly application, which makes it one of the best choices for developers if they are considering a new blockchain platform apart from Ethereum. It currently has more than 400 Defi, Web3, and NFTs. It usually conducts up to 3,000 transactions a second and up to 65,000 transactions in a second.

Source

Ethereum

The second-largest blockchain network, Ethereum, offers a decentralized open-source platform with smart contract features, and is undoubtedly a force to reckon with in the blockchain landscape. The creators of Ethereum needed to introduce a blockchain network with support for a wide range of use cases.

Ethereum comes in second place and is one of the most favored blockchain platforms for creating decentralized applications. Ethereum has been responsible for creating an open economy by providing its cryptocurrency and platform for developing decentralized applications. The platform can be accessed by anyone regardless of location and background. There is a dominance of Ethereum when it comes to the market of digital collectibles, as it has been the first platform that provided a way for NFTs. Due to this, developers have been using it as the first preference for creating digital assets. The only flaw you can count on here is the platform’s intensive computing power.

Source

Flow

The Flow was developed by Dapper Labs, the Canadian company behind the renowned CryptoKitties. The company’s developers realized they needed a new blockchain when their Ethereum-based collectibles game crashed the network after hitting only about 10,000 users. Dapper Labs’ vision was to attract as many as a billion people to their dApp, yet no blockchain platform could scale up to meet basic consumer needs. So they built Flow – a fast, decentralized blockchain that powers entire ecosystems of applications, especially those related to games and digital collectibles. At the heart of Flow is a new architecture that delivers the performance required for popular applications without compromising decentralization. By leveraging this new blockchain, developers can create secure and composable apps that billions of consumers could potentially use.

Source

NFT

A non-fungible token (NFT) is a blockchain record associated with a particular digital or physical asset. The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded. NFTs can be created by anybody and require few or no coding skills. NFTs typically reference digital files such as photos, videos, and audio. Because NFTs are uniquely identifiable assets, they differ from cryptocurrencies, which are fungible.

An NFT is a unit of data stored on a digital ledger called a blockchain, which can be sold and traded. The NFT can be associated with a particular digital or physical asset such as images, art, music, and sports highlights and may confer licensing rights to use the asset for a specified purpose. An NFT (and, if applicable, the associated license to use, copy, or display the underlying asset) can be traded and sold on digital markets. The extralegal nature of NFT trading usually results in an informal exchange of ownership over the asset with no legal basis for enforcement. It so often confers little more than use as a status symbol.

Methodology

We will try to compare and contrast the NFT ecosystem across Flow, Solana, and Ethereum blockchains and Explain how these chains differ in terms of metrics such as:

• Daily and Total Sales
• Daily and Total Unique Buyers
• Daily and Total Volume
• Average Sales/Day
• Average Buyers/Day
• Average Sales Price/Day
• Most popular NFT marketplaces

Using the following charts, we can compare sales information on these blockchains

Observation

• Using the above chart, we see that over the past 90 days, Solana was the most popular blockchain on the daily sales count, followed by Ethereum and Flow.

• The possible reason for the high NFT sales count of NFTs on Solana would be its lower transaction fee and higher TPS than Ethereum and Solana.

• Another noticeable point on this chart is the sudden increase of NFT sales count on Solana on September 7 because of yOOts NFT project mint.

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Using the following charts, we can compare unique buyers on these blockchains

Observation

• Using the above chart, we see that over the past 90 days, Ethereum had the most significant number of distinct buyers, followed by Solana and Flow.
• For unique daily users, the chart of Ethereum is much more stable compared to Solana and Flow.
• Most days, Solana dominates Flow, but on some specific days like August 10 and September 1, we see Flow pass Solana but remain local, and Solana regains its place as the second most popular blockchain based on the number of unique buyers.

Using the following charts, we can compare daily sales volume on these blockchains

Observation

• Using the above chart, we see that over the past 90 days, Ethereum had the greatest sale volume, followed by Flow and Solana.
• For unique daily users, the Ethereum chart was much more stable till September 12, when the sales volume increased from 36M to 104B in a single day.
• Flow dominates Solana most days, but it has a much more fluctuating chart with lots of tops and bottoms compared to Solana.

Using the following charts, we can compare daily average sales count on these blockchains

Using the following charts, we can compare daily average buyers count on these blockchains

Using the following charts, we can compare daily average sales price on these blockchains

Using the following charts, we can compare most popular marketplaces, based on number of transactions on these blockchains

Observation

• For Flow most popular marketplaces are:

  1. Top shot market 2. NFT store front 3. The Fabricant marketplace

• For Solana most popular marketplaces are:

  1. Magic Eden v2 2. Opensea 3. Magic Eden v1

• For Ethereum most popular marketplaces are:

  1. Opensea 2. X2Y2 3. Sudoswap

Conclusion

You can use this dashboard to compare and contrast the NFT ecosystem across Flow, Solana, and Ethereum blockchains to find how these chains differ in terms of metrics such as:

• Daily and Total Sales
• Daily and Total Unique Buyers
• Daily and Total Volume
• Average Sales/Day
• Average Buyers/Day
• Average Sales Price/Day
• Most popular NFT marketplaces

In the desired duration