Introduction

In this analysis, You will read NFTs comparison of four Networks. Flow, Ethereum, Solana and Optimism.

I went through these chains and analyzed these parameters in the last 90 days:

• NFT sales
• Buyers and sellers
• Sales Volume in USD
• Collections and NFTs
• Average price/buyers and sales
• Users Breakdown
• Number of sales and sales volume based on Days of the week

Note: Feel free to change ‘N_days‘ parameter to see your ideal time frame.

Analyzed by Hess - Reading Time Almost 10 Min.

Method

As I mentioned in the introduction section, I analyzed NFTs on four networks. Ethereum, Solana, Flow and Optimism.

Optimism: Flipside has an NFT sales table for Optimism. However, I found that one of the popular NFT marketplaces on Optimism has a new contract address which Flipside is not covered on that table. I used their new contract address which is 0x998ef16ea4111094eb5ee72fc2c6f4e6e8647666 from Fact event table and joined with NFT sales table.

Ethereum: The easiest one was the Ethereum chain. The NFT sales table on Ethereum covered all useful data. Buyers, Sellers, NFT collections, price_usd and ….

Flow: Like the other two chains, Flow has its own NFT sales table. The problem was the NFT sales price recorded with the USD and flow token. I extracted flow prices and joined them with my findings. with the below code I calculate the price in USD.

case when currency ilike 'flow' then price*avg_flow else price end as volume

Solna: Solana tables were like the Flow table. All useful data are available on the NFT sales table. The only problem was the sales amount. The sales amount recorded is based on Sol. We don’t have an exact price table on Solana. So I extracted the Sol price from the swap table with the below code.

select date(block_timestamp) as p_date, (sum(SWAP_TO_AMOUNT)/sum(SWAP_FROM_AMOUNT)) as sol_price from solana.core.fact_swaps where SWAP_FROM_MINT = 'So11111111111111111111111111111111111111112' and SWAP_TO_MINT = 'EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v' and block_timestamp::date >= '2022-05-01'.

Then, I joined the sol price with the Sales table and now I have all the needed information.

All data is from the last 90 days. You can change the day’s parameter.

Users Breakdown

Buyers: Most Users have bought 1 NFT in all four chains. In this parameter, They Buyer’s activity was the same. The second large group of buyers have bought 2-5 NFTs.

Sellers: The Seller’s activity was the same as Buyers in all four chains.

A summary of Most Important Findings

• Based on the total number of sales, Ethereum has the highest number of sales and Optimism has the lowest number of sales. The Solana NFT sales are near to Ethereum.
• Also, Ethereum had the highest number of buyers and sellers. Following Ethereum, Solana is in second place.
• More NFTs and Collections have been bought by Solana users. The second chain is Ethereum.
• Flow has better growth in the Number of NFTs and Collections that users have bought.
• Ethereum Sales Volume had a huge difference with Solana, Optimism and Flow.
• The highest average sales price was on Ethereum in the daily chart and total.
• The highest average number of sales was on FLOW.
• A large group of Buyers and sellers have bought and sold one NFT on four chains.
• Almost users on four chains spent 100-1000K US dollars.
• Most NFTs sales happened on Sundays and Most Sales Volume was on Saturdays.

NFT sales

• with 4.81M sales, Ethereum had the highest number of NFT sales. Following Ethereum, Solana with 4.4M sales is in second place. After that is Flow and after that is Optimism.
• The share of Solana and Ethereum was similar to each other. Some days Ethereum was higher than and some days Solana. Both follow similar ups and downs. But lately, The share of Ethereum and Solana from the Number of sales decreased and FLOW increased from 13% to 30-40%!
• On September 12th, The Flow shares were similar to Ethereum. A huge and significant share for Flow.
• The best day for Optimism was September 1 when its share was 2.5% of total sales.

Buyers and Sellers

• Ethereum has the highest number of Unique Sellers and Buyers. Buyers and Sellers on Solana were half of Ethereum. Flow and Optimism had a huge difference with Ethereum and Solana in the Number of Buyers and Sellers.
• It is interesting that some days, Flow had more buyers in comparison to Solana.
• After 45 days, the number of Buyers on four chains increased again.
• The best chain was Flow which had better growth.

• The total number of collection and NFT sales mean the number of Unique NFTs and unique collections that were in Sales. For example, On Solana Users have bought more Unique NFTs and More Unique Collections.

The flow had the lowest number of Collections But The total Unique NFTs on Flow increased day by day. The share of NFTS on Flow increased to 57% on September 12. Users have bought a variety of NFTs on Flow.

Sales Volume

• The highest NFT sales volume in USD was on Ethereum. with 211M US dollars, Solana is in second place. The daily sales volume on Ethereum was above 40M US dollars.
• The sales volume difference in the four chains is high. We can compare them in the Number of buyers, Sellers, Sales, and NFTs but in Volume, we can’t Actually. Ethereum is King and we should wait to see if a chain will take Ethereum's place or not.

The average number of NFT sales per User on Flow is very good. Users usually have bought more than 5 NFTs. This is the first category that Flow is in the first place.

The second chain is Solana. But Overall, The average sales on Ethereum are higher than the other chains.

It seems Buyers on Ethereum usually buy expensive NFTs in comparison to other chains. The large group of Users spend 100-1K US dollars but in other chains, Buyers spend 10-50 US dollars.

Seller’s activity and categories were the same as Buyers.

Conclusion

• So far, I analyzed NFTs on four Chains. Ethereum, Optimism, Solana and Flow.
• It is too soon to compare Optimism with the other three chains. NFTs on Optimism are new and we should wait for more to see will NFTs on Optimism will increase or not.
• The Golden Cup is for the Flow chain. Their growth especially in the last 30 days was huge and significant. As you saw in the charts, On some days, Their daily sales share was near Ethereum. Also, The number of Unique NFTs that users have bought on Flow increased and on some days their share was above 57%.
• But after all, Money is somewhere else. Most Volumes went through Ethereum. So platforms on Ethereum made higher fees in comparison to other platforms in other chains.

THANK YOU FOR READING!

ALL CODES AND CONTETNS WERE WRITTEN BY HESS.

Twitter: @hessaminanloo - Discord: hess#0890

Analyze Date: 2022/SEP/18