What is OpenSea?

OpenSea is a decentralized marketplace that allows users to buy and sell non-fungible tokens. Founded in 2017, the NFT exchange initially began as a market for CryptoKitties but has expanded beyond collectibles.

What is Magic Eden?

Magic Eden is a decentralized NFT buying and selling platform that allows users to buy, sell and trade unique digital assets. It is built on the Solana blockchain and allows users to interact with each other in a trustless environment.

What is Quix?

Quix is the largest NFT marketplace on Optimism, a layer 2 scaling solution for Ethereum. With an average transaction fee of 0.0001 ETH ($0.15).

Methodology

In this dashboard, we'll look at the total and weekly swap volume, swap transactions, unique buyers, unique sellers, and unique collections traded on 3 marketplaces (Opensea, Magic Eden, and Quix).

We will also find data since the beginning of 2022.

In total 1.375M wallets have made nearly 14.67M worth about 18.7B USD in NFT purchases on Opensea.

In total 0.629M wallets have made nearly 14.26M worth about 1.79B USD in NFT purchases on Magic Eden.

In total 22.9K wallets have made nearly 70.9K worth about 2.29M USD in NFT purchases on Quix.

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Most popular NFT collections on different Marketplaces

The most popular collections On OpenSea since beginning of 2022, based on volume were:

1. Bored Ape yacht club 2. The Otherside 3. Mutant Ape yacht club 4. Azuki 5. Clone X

The most popular collections On Magic Eden since beginning of 2022, based on volume were:

1. Okay Bears 2. Degods 3. Trippin’ Ape Tribe 4. Degen Apes 5. ABC

The most popular collections On Quix since beginning of 2022, based on volume were:

1. Optipunk 2. Apetimism 3. Dope Wars Hustlers 4. Optimistic Apes 5. Elements of ganlan

Considering actively traded weekly NFT collections

• Quix still displays erratic data as a result of irregular trading activity in its marketplace.  \n Magic Eden's population was growing between January and May, but it has since reached a ceiling of about 500 people every day.  \n Over 3.4k different collections are traded daily on OpenSea, which has seen its collection count continue to rise this month.

  Considering actively traded weekly NFT collections

• Quix's marketplace has the smallest number among the three marketplaces and OpenSea has the most variety with about 99%.

Considering weekly transactions

• Quix experienced an increase in the number of transactions , but since August, things have quieted down.
• The number of daily transactions on Magic Eden has been increasing since the year's beginning.
• The number of daily transactions on OpenSea has largely decreased so far this year.

Considering Total transactions

• Opensea and Magic Eden are arbitrary equal, but still, Quix is negligible compared to the other two.

   

Considering weekly users

• According to the weekly transaction chart, Quix has consistent activity.
• Magic Eden's general movement is fluctuating and there is no clear trend.
• According to the transaction figures, weekly active traders on OpenSea started to decrease since the beginning of 2022.

Considering total users

• In both case of unique buyers and sellers, Opensea has the upper hand, followed by Magic Eden in the second place.

Considering weekly volume

• NFT trade volume on Quix in USD is still less than on Magic Eden and OpenSea.
• Quix's trading activity is unpredictable and fluctuates in terms of weekly volume.
• Since June, Magic Eden and OpenSea have experienced highs and lows, but mostly we can see a downtrend since the beginning of 2022.

Considering total volume

• Opensea has more than 90% of the total volume.

• Magic Eden is in second place with about 9 percent.

• Quix can barely be seen in the total volume chart.

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What is NFT Marketplace?

An NFT marketplace is a platform where people can buy, sell, and trade assets backed by non-fungible tokens (NFTs). They have been orchestrating an imminent role in driving NFTs to the levels that they are today. One can find all kinds of NFT assets on these platforms, such as art, music, video clips, in-game assets, trading cards, memes, profile picture punks, and more.

Conclusion

• Quix is still substantially less popular than OpenSea and Magic Eden in terms of trading activities like volume, transactions, active traders, and collections.
• In all criteria, OpenSea continues to have the best performance, but its popularity is noticeably being overtaken by Magic Eden.
• When it comes to trends and growth, there is no clear pattern to Quix. Instead, trading is mostly irregular and sporadic.
• The volume of Magic Eden has been reduced recently, but the number of transactions each day has increased. 
• Along with a decline in transactions and active daily traders, OpenSea's volume has also declined dramatically in recent months.