Solana Free Square

    In dashboard I am going to do a complete NFT breakdown on Solana looking into swap volume, average volume, unique buyers, and total purchases across NFT's on Solana. I Also will look into what projects/collections are the most popular across these metrics. Finally I will show a breakdown of users NFT purchases as well as a breakdown of prices of NFT's on Solana.

    What is Solana?

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    Solana is a blockchain platform designed to host decentralized, scalable applications. Founded in 2017, Solana is an open-source project currently run by Solana Foundation based in Geneva, while the blockchain was built by San Francisco-based Solana Labs.1 Solana is much faster in terms of the number of transactions it can process and has significantly lower transaction fees compared to rival blockchains like Ethereum.

    Metrics:

    1. Daily Total NFT Sales by Collection

    2. Daily Average NFT Sale Price by Collection

    3. Daily Total NFT Purchases by Collection

    4. Daily Unique NFT Purchasers by Collection

    5. Distribution of Solana NFT Sales Prices

    6. Distribution Solana NFT Purchasers by Amount Purchased

    Methodology:

    In this dashboard I look at total volume, average volume, unique purchasers, and total purchasers over time for Solana NFT's. For each of these metrics I group them by NFT collections only including the top 10 NFT collections in there respective categories. I then look at the price of Solana NFT's grouping them by there sales amount, and finally I look at Purchasers and group them by the amount of volume they have purchased.

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    Average/Total Volume Analysis:

    If we look at the first graph we can see that the total volume purchased across these collection remained pretty low below 20k on a day to day basis, but around late April of 2022 it really began to pick up. This is mostly in part to the Okay bears NFT collection which make up the majority of the volume during this time. The trippen ape tribe also had a large spike in volume as time went on with 200k in volume on one day. If we move onto the average price of these NFT collections we can see that it has been trending upwards over time. This is likely because as these NFT's become more popular there price has increased over time. Most recently degods have the highest current price on any given day at around 400 Sol on average.

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    Purchases/Purchasers Analysis:

    If we look at the total purchases over time by collection we can see it is all over the place with massive spike followed by massive dips. On day to day basis there is around 500 purchases of NFT's in these collections although on some days it is much large with one spike led by the burrito boys NFT that had over 13k transactions in one day. If we move onto the unique purchasers we can see that it largely follows the same trends as that of the total purchases, although it usually is around half the size of the first graph. This means that there are a significant amount of purchasers who purchase multiple different NFT's and NFT collections.

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    Pricing/Purchasing Distribution Analysis:

    If we look at the price distribution of NFT's on Solana we can see that the wide majority of NFT's are less than 5 Sol at about 6M. The higher the price of the NFT is appears the less of them there are meaning more expensive NFT's are rather rare in comparison to cheaper ones. If we move onto the final graph we can see the distribution of volume purchased by NFT purchasers. We can see that once again the smallest category less than 5 Sol holds the majority of purchasers at around 266K. Although there are lot of of users who have purchased a significant amount of NFT volume on Solana with 143K purchasers having purchased between 10 and 100 SOl worth of NFT's.

    Conclusion:

    1. There is a diverse collection of NFT's that are popular on Solana, with many bringing in high volume or being purchased in large amounts.

    2. the distributions for both purchasers and price of Solana NFT's is more skewed towards lower overall volume of SOL.