Analysis on Basenames
Flipside AI
Base Name Service NFT Minting Analysis
Key Metrics
- Total Names Minted: 687,736 names
- Total Minting Volume: 279.18 ETH
- Unique Minters: 637,568 addresses
Minting Characteristics
The Base Name Service has demonstrated remarkable growth and user engagement in recent months. An overwhelming majority of mints occurred for transactions less than 0.001 ETH, indicating extremely low-cost, high-volume minting activity.
User Behavior Insights
Most users exhibit conservative minting patterns, with 618,222 wallets minting only a single basename. This suggests a broad but shallow participation in the NFT collection.
Name Length Preferences
Interestingly, 6-10 character basenames dominate the minting landscape, with 348,797 mints. This reveals users' preference for medium-length, memorable names that balance brevity and distinctiveness.
Daily Minting Dynamics
The project shows significant daily fluctuations in minting activity, ranging from just 1 minter to over 64,000 minters in a single day. Daily volumes have consistently fluctuated between 1,000-9,800 names during the August-September 2024 period.
Growth Trajectory
While the minting trend shows gradual progression, with daily volumes ranging from 0.2 to 78 tokens, the underlying community interest appears robust and potentially viral.
Base Name Service NFT Minting Analysis
Key Metrics
- Total Names Minted: 687,736 names
- Total Minting Volume: 279.18 ETH
- Unique Minters: 637,568 addresses
Minting Characteristics
The Base Name Service has demonstrated remarkable growth and user engagement in recent months. An overwhelming majority of mints occurred for transactions less than 0.001 ETH, indicating extremely low-cost, high-volume minting activity.
User Behavior Insights
Most users exhibit conservative minting patterns, with 618,222 wallets minting only a single basename. This suggests a broad but shallow participation in the NFT collection.
Name Length Preferences
Interestingly, 6-10 character basenames dominate the minting landscape, with 348,797 mints. This reveals users' preference for medium-length, memorable names that balance brevity and distinctiveness.
Daily Minting Dynamics
The project shows significant daily fluctuations in minting activity, ranging from just 1 minter to over 64,000 minters in a single day. Daily volumes have consistently fluctuated between 1,000-9,800 names during the August-September 2024 period.
Growth Trajectory
While the minting trend shows gradual progression, with daily volumes ranging from 0.2 to 78 tokens, the underlying community interest appears robust and potentially viral.