The Battle of the Solana NFT Aggregator

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    Daily Sale Activities over past 90 days

    • Coral Cube is much older than Hyperspace and it was launched on February 2022 while the Hyperspace platform was launched in mid-September 2022.

    • The largest sale transactions, tokens, and active buyers and sellers for Coral Cube occurred on October 11, with 11.87 transactions,9597 tokens, 3721 buyers, and 3662 sellers. The largest sale volume was on October 9 with 17.17K SOL and October 18 with 513.7K USD.

    • There was a downtrend in sales activities till the beginning of October. However, at the beginning of October, the sale activities on Coral Cube started to increase till mid-October, when it began to decrease and continues until today.

    • As can be seen from the sale volume chart, there was a super spike in the sale USD volume of Hyperspace on October 18 when it reached a total volume of 1.5M USD in a single day, also we have the same spike in the sale SOL volume on October 9 when it reached a total volume of 9.5K SOL in a single day

    • Since the launch of Hyperspace on most days, Coral Cube has more sales and active traders than Hyperspace, however as time goes on, we may witness more and more sales volume on Hyperspace.

      Overall, both platforms' current sales activity has been lower than it was during their peak periods.

    Total and Average Sale Activities over past 90 days

    • The above graphs demonstrate that Coral Cube has far more NFT sales than HyperSpace in terms of total NFT sale transactions, unique buyers, sellers, and tokens, and also on total USD and SOL volume over the past 90 days.
    • However, the average sales volumes on Hyperspace in USD and SOL are higher than those on Coral Cube.
    • The main reason that Coral Cube has the upper hand in all the total data is that this platform is older than Hyperspace.

    Sale Activities on Solana NFT Marketplaces over past 90 days

    • The highest sale activities on Solana NFT Marketplaces were recorded on September 7, 2022, according to the data above. Magic Eden had the largest share with more than 2 million SOL and more than 6.4 million transactions, followed by Coral Cube and Yawww.
    • In term of sale activities over past 90 days Hyperspace with 0.2% of total transactions among Solana marketplaces had the seventh rank and with 1.71% of total volume had the sixth rank.
    • In term of sale activities over past 90 days Coral cube with 2.83% of total transactions among Solana marketplaces had the second rank and with 2.06% of total volume had the fifth rank.

    Most Popular NFTs on Hyperspace over the past 90 days

    • Blockasset legend- Muhammad Ali was the most popular NFT collection in sale transactions and buyers with 183 transactions and 65 unique buyers, while Degods had the first rank in sale volume with 8.451K SOL.
    • Sentries, with 79 transactions, has the second rank in terms of sale transactions, while ABC, with 2.245 SOL and 60 users, has the second rank of unique buyers and sale volume.
    • Although the top collections on Hyperspace have fewer sale transactions than Coral Cube, their sale volume is larger compared to Coral Cubes.
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    Distribution of Sale Activities by Volume

    • The above charts show that less than 0.5 SOL purchase range is the most popular choice for the Coral Cube buyers as it has the greatest percent among others with about 35%. However when it comes to Hyperspace buyers, we see that 1 to 5 SOL purchase range has the greatest percent with 29%.
    • The above charts show that less than 0.5 SOL sell range is the most popular choice for the Coral Cube sellers as it has the greatest percent among others with about 37%. However when it comes to Hyperspace sellers, we see that 1 to 5 SOL purchase range has the greatest percent with 25%.
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    Top 10 Users (Buyers and Sellers) by the sale transactions and volume

    • The DTc4g5yjLDo78p6k6J5zd9yJeHBScpkpk7Q3QWXKhrqc is the top users with the largest sale volume on Hyperspace with 2.175K SOL, while The DMCkFjCbmwkuuhnMrbJ1GBDb8FurdGWcXHMb5G5nhS24 is the top user by the number of transactions with 251 transactions.

    • The Fwhb3G2RPXBRsY7uxUsEkp2rSotF5dpddARUnXvr94L7 is the top users by the sale volume on Coral Cube, with 1.238K SOL. The Fwhb3G2RPXBRsY7uxUsEkp2rSotF5dpddARUnXvr94L7 is the leading buyer by the number of transactions with 1353 transactions.

    Conclusion

    • On September 7, 2022, Solana NFT Marketplaces saw the most sales. Magic Eden had the most volume and trades, with 2M SOL and 6.4M transactions.

    • In terms of selling activities during the past 90 days, Hyperspace had 0.2% of total transactions and 1.71 % of total volume, and Coral cube had 2.83% of total transactions and 2.06% of total volume among Solana marketplaces.

    • Hyperspace was launched mid-September 2022, whereas Coral Cube was launched in February 2022.

    • On October 11, Coral Cube had 11.87 sales, 9597 tokens, 3721 buyers, and 3662 sellers. October 9 had 17.17K SOL, and October 18 had 513.7K USD.

    • Sales fell until early October. At the beginning of October, Coral Cube sales increased until mid-October, when they began to fall and have continued until now.

    • On October 18, Hyperspace's USD sales hit 1.5M daily. Also, on October 9, the sale SOL volume spiked to 9.5K in one day.

    • Coral Cube has had more sales and active traders than Hyperspace since its launch. Hyperspace sales may rise over time.

    • Except for a short period in early October, Coral Cube had a bigger market share than Hyperspace in terms of sales volume.

    • Coral Cube had more NFT sales than HyperSpace in terms of total transactions, unique buyers, sellers, and tokens, and total USD and SOL volume. Coral Cube has larger average sales volumes in USD and SOL than Hyperspace.

    • Oak Paradise was the most popular NFT collection with 1621 trades, 2.361K SOL, and 827 purchasers. Kereks ranks second in selling transactions, Rakkudos in volume, and Eclestia in unique buyers with 721.

    • Blockasset legend Muhammad Ali had 183 sales and 65 customers, making it the most popular NFT collection. During the same period, Degods had the most sales with 8.451K SOL. Sentries have 79 sales transactions, while ABC has 2.245 SOL and 60 distinct purchasers.

    • Less than 0.5 SOL purchase range is the most popular, with 35% of purchasers. For Hyperspace purchasers, 1 to 5 SOL purchases account for 29%. Also, less than 0.5 SOL sell range is the most common choice for Coral Cube sellers (37%). The 1 to 5 SOL buying range has the most Hyperspace vendors, at 25%.

    • The DTc4g5yjLDo78p6k6J5zd9yJeHBScpkpk7Q3QWXKhrqc is the top user with the biggest selling volume on Hyperspace with 2.175K SOL, while the DMCkFjCbmwkuuhnMrbJ1GBDb8FurdGWcXHMb5G5nhS24 has 251 transactions. With 1.238K SOL, Fwhb3G2RPXBRsY7uxUsEkp2rSotF5dpddARUnXvr94L7 is Coral Cube's top seller. With 1353 transactions, Fwhb3G2RPXBRsY7uxUsEkp2rSotF5dpddARUnXvr94L7 is the top buyer.

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    Cumulative Sale Activities since Coral Cube Launch Date

    • According to the cumulative sale activities charts, Since September 22, the launch date of Coral Cube, Coral Cube consistently outsells Hyperspace in terms of sales transactions.
    • Also, except a little period on beginning of October, Coral Cube had a larger market share in terms of sale volume than Hyperspace.
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    Most Popular NFTs on Coral Cube over the past 90 days

    • Oak Paradise was the most popular NFT collection in all sale terms with 1621 transactions and volume with 2.361K SOL and 827 unique buyers.
    • Kereks with 721 transactions has the second rank in term of sale transactions while Rakkudos with 2.176K SOL has the second rank in volume and Eclestia with 374 has the second rank of unique buyers.

    Methodology

    This dashboard will look at the NFT sales activities on Hadeswap and Coral Cube, NFT aggregators on Solana. We will look at the sales volume, users, and top collections of these marketplaces. We will create a dashboard comparing KPIs between Hyperspace and Coral Cube to find which marketplace has done more volume and which collections are popular on each marketplace and why sb would use one marketplace over the other.

    We will limit our data to the past 90 days.

    NFT Aggregator

    NFT aggregator is a platform that displays multiple NFTs listed on various marketplaces. Such aggregators allow traders and investors to easily trade NFTs from different marketplaces without visiting the actual marketplaces.

    Hyperspace

    Hyperspace.xyz is an all-in-one NFT platform built on Solana by the original Solanalysis team. With a mission to enable the best NFT trading and commerce experience for everyone - while protecting the openness and composability of web3. Hyperspace allows you to buy NFTs across all major marketplaces by interacting directly on-chain (rather than via a redirect link), so even if one marketplace goes down, you still can maintain access to the underlying smart contract that NFTs are listed on to execute transactions.

    Coral Cube

    Coral Cube is an NFT marketplace and aggregator that aims to highlight three columns of web3 in the context of NFTs: -Easy and smooth access to the digital content on the Solana blockchain and interactions with on-chain NFT marketplaces. -Transparency wrt NFT ownership and credentials -Community owned/powered platforms and products. These three will ultimately lower the technological and economic barriers for new players to enter the competition and minimize the emergence of monopolies.

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