Solana NFT Project Feature ( Genopets)
What Will You Read?
In this analysis, You will read about Genopets NFT game, a Move to Earn game on Solana. I examined Genopets ‘Health‘. We want to know:
- Swaps to Gene
- Swaps From Gene
- Gene Price
- Crystal NFTs Sales
- Seeds and Genopets NFT sales
- Gene Staking
What is Genopets?
A Genopet is your digital spirit animal encoded with your personality that evolves through your daily activity. Your Genopet will join you as you traverse the Genoverse. Stay active to guide the destiny of your Genopet and unlock your true potential. As you evolve—it evolves.
** \n Analyzed By Hess - Reading Time Almost 10 Min**
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Method
- $Gene Daily Price: There isn’t any price table in Solana tables. So I used fact swaps and estimated the price from swapping Gene to USDC.
- Gene Swaps: The method was simple in this part. I used fact swaps and examined swaps from and to Gene.
- Gene Staking: From the Fact event table by using Genopet staking program id, which is StaKe9nb7aUjXpjpZ45o6uJBsZxj2BWCDBtjk8LCg2v, I extracted staking tx ids. Then joined to transactions table and filter mint token to Gene which is GENEtH5amGSi8kHAtQoezp1XEXwZJ8vcuePYnXdKrMYz.
- Gene NFT sales: Genopets have four types of NFTs. Crystals, Seeds, Genopets, and habitat. Due to the total number of Crystals sales, I examined crystals separately.
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Staking Gene Token
- Genopets launched the Staking program on May 19th.
- A huge amount of Gene staked in that day. About 1.8K unique users staked with an average 155 $Gene.
- Until June 18th, everything was fine, but after that, the total number of staker decreased.
- I found that they announced Airdrop Criteria and snapshots. So it’s normal that the number of staker decreased.
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NFTs Activities
- Genopets have four types of NFTs. 5 types of Crystals, Genopets, Seeds, and habitats.
- During the Treasure hunts, Users gained Crystals for Free. The price of Crystals increased significantly. So users started to sell their NFTs. The problem is that Genopets Treasure Crystals didn’t list on Magic Eden, and they have sold on Famous Fox or FTX. So WE DON’T HAVE EXACT DATA FOR THESE CRYSTALS.
- Metal is the most popular NFT, and water is the most expensive NFT in this collection. Users need 5 types of NFT to mint a habitat.
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Total Daily Swaps Vs. Daily $Gene prices
- The daily swaps followed the Gene prices. When the price increased, the total number of swaps increased too, and when it decreased, the total number of sales decreased too.
- What I found, The Genopets game has launched a Beta version, and they don’t actually launch the game for everyone, But they Planned some Airdrops and Treasure Hunts program to keep Gene Value. Each Spike for swaps and price happened because those programs.
Thank You For Reading!
ALL CODES AND CONTENTS PROVIDED BY Hess
Twitter_id: Hessaminanloo
Discord_id: hess#0890
ENS: he3am.eth