Conscious Lines🔺

A collection of original drawings by Gabe Weis

Twitter, Gabe’s Twitter

🔺Only 999 pieces @ 5AVAX

🔺Minted on August 25th, 9am PST @Joepegs

🔺Reveal on August 29th

🔺Contract address: 0xB842344669579ECf4Cee12f740520376c4CBC6d1

Looking at minters, holders, traders and user growth

Dashboard by @cloud_r3n - refreshed daily

Consicous Lines Holder Statistics

Conscious Lines Sales

User Growth - Minters

New Unique Minters → Minters who have not participated in any of Joepegs’ previous launches

New Avalanche Minters from ETH→ Minters who have not participated in any of Joepegs’ previous launches AND have wallets with either <30 transactions or 30 days since their earliest transaction*

• Out of the 134 New Unique Minters,
  • there’s only 26 are New Avalanche Minters and
  • only 10 are New Avalanche Minters from ETH
• For the 26 New Avalanche Minters,
  • Average mint of 2.87 → comparable to overall average mint of 2.55
• For the 10 New Avalanche Minters from ETH
  • Average mint of 1.5
  • Note that these wallets have low transaction counts on Ethereum (median of 21.5 tx) which suggests that these are burner wallets.

Notes:

• The wallet age limit of 30 days is defined as such since Conscious Lines by Gabe was only announced in Early August while the transaction count of 30 is an arbitrary value. (This means 30 tx in almost 5 months)
• If we assume that users new to avax, who joined due to CL’s mint, may have participated in earlier Aug mints and adjust the definition of New Unique Minters → Minters who have not participated in any of Joepegs’ previous launches up till End Jul. This only brings the total to 31 addresses
• Given the low transaction count on ETH for these addresses, users may be using unique wallet addresses solely for each chain.

Conscious Lines Mint Statistics

New Unique Minters → Minters who have not participated in any of Joepegs’ previous launches

User Growth 2 - Holders

New CL Holders on Avalanche → Holders who have wallets with either <30 transactions or 30 days since their earliest transaction*

New CL Holders on Avalanche from ETH → Holders who have wallets with either <30 transactions or 30 days since their earliest transaction* and have transactions on Ethereum

• 41 CL holders are new to avax (out of 440 holders)
  • Average holder of 3.44 → higher than overall average of 2.22
  • 59.5% of these holders are holding 1 NFT
  • There are a few users with low transaction count (6 with tx count of 2) or wallet age (13 with a wallet age of 0) on the Avalanche chain
• 16 CL holder are new to avax and from ETH
  • Average holder of 2.81 → slightly higher than overall average of 2.81
  • These addresses too have low transaction count on ETH.

there’s 3 address with >1000 transactions which are unlikely to be new to avax as they had >1000 transaction and have a wallet age of >20 days.

Wallet age → difference between earliest transaction and mint date

User Growth 3 - Tradoors

New CL Traders → Traders who have not bought/sold NFTs on Joepegs prior to purchasing/selling Conscious Lines NFT

New CL Traders to Avalanche → Traders who have not bought/sold NFTs on Joepegs prior to purchasing/selling Conscious Lines NFT AND have wallets with either <30 transactions or 30 days since their earliest transaction*

Analysis Details

• Date of Analysis: 28th Aug 2022
• Chart are refreshed daily
• Only Joepegs sales are included in this dashboard as most sales occurs there
• Note that current flipside Avalanche data is available up to 2022-03-01
• date_diff are defined as the difference in number of days between the mint date and earliest transaction*

User Growth (Minters, Holders, Traders)

Analysis

In this analysis, I’m looking at the statistics regarding minters, holders and traders of the Conscious Lines (CL) NFT collection. In addition, I will be assessing user growth by looking at the proportion % of wallet addresses who are new to minting/trading on Joepegs and proportion % of wallet address who are new on Avalanche. Lastly, how many users uses the Avalanche bridge prior to minting Conscious Lines and how did they mint? Tables used: avalanche.core.fact_event_logs and ethereum.core.fact_event_logs

Key Findings

1. 374 Unique Minters → 451 Unique Holder

   1. 134/374 or 35.2% of minters are first time minters on Joepegs
   2. Huge increase in holders with only 1 NFT since mint → 91 addresses

2. Sales volume of 2.8k AVAX since mint with 239 sales

3. 25/134 or 18.6% new minters are potentially wallets new to avax

   1. 10 of which have transactions on the ETH chain and the average mint quantity is 1.5 (lower than overall average of new minters - 2.87)

4. 42/451 or 9.3% new holders are potentially wallets new to avax with a higher average NFT per wallet of 3.43 compared to overall average of 2.22

   1. 18 of which have transactions on ETH chain and the average holding quantity is 2.83

5. 298 Unique Traders have either bought or sold CL NFTs

   1. 100 of which are new traders have never traded (buy or sell) on Joepegs prior to Conscious Lines

6. 10 bridgers who bridged using the Ethereum Bridge and either mints or traded Conscious Lines NFTs

Bridging to Mint or Trade (Ethereum Bridge)