Try Quests to earn cryptoNFTs in 2022
2022 Review
2022 has been a ride for the crypto industry. the global economy struggled under macro and geopolitical headwinds, including monetary tightening by central banks around the world to combat inflation, the conflict in Europe, supply chain disruptions, and lingering effects of the COVID-19 pandemic. As a result, the expected global GDP growth in 2022 is 3.2%, a sharp drop from ~6% in 2021. Meanwhile, the inflation growth rate continued to spike, reaching 8.8% YoY.
In addition to macro headwinds, the crypto market was also negatively impacted by several events, notably the Terra stablecoin (UST) collapse in May and the FTX bankruptcy in November. Both events and the subsequent fallouts produced ripple effects, which affected other players in the ecosystem, and dampened confidence in the sector. It’s arguably still “Crypto Winter” at the time of writing. That being said, it is natural for market cycles to fluctuate between bearish and bullish periods.
This dashboard will look at the Ethereum NFT Projects Performance in 2022.
Scopes
- Sale Volume, Average Volume, Buyers and Sellers
- Distribution of Sale Prices and most expensive individual NFTs
- NFT projects had the largest mint, highest volume of trades, longest hold time
- NFT projects gained and lost the most value in 2022
- NFT projects had the least and most amount of NFTs listed for sale
Method
- there are specific tables for nft sales and months in Ethereum database called ez_nft_sales, ez_nft_mints.
- nft mint data are in ethereum.core.ez_nft_mints and the NFT mint Fee is in TX_FEE column.
- the shown projects are only the ones that have a label in dim_labels table.
- NFTs listed for sale: first we get all minted tokens, then we calculate the total unique tokens of that project that were tarded.
🟠 Observations
- the NFT minting had an increasing trend in 2022.
- the number of minted nfts peaked at September 2022 reaching 26.9K NFTs.
- From April to October 2022, there were 650K unique minter users on average.
- The total Monthly Fee Generated by NFT minting, was so high that in Feb, April, and May could reach 600K-632K ETH
- in 2022, 4M ETH is generated by NFT Minting as Fees
- Tubby cats and The Outsiders are the top projects that generated the most Minting Fees
🟠 Observations
- Jan has the highest NFT sale activity by $7.7B volume and 2.3M sale count. the activity especially volume was decreasing until May, but after May (Terra Crash) the volume declined significantly.
- in the first half of 2022, a big proportion of sales were between $100-$1K but the sale sizes got smaller in the second half and about 50% of sales were between $10-$100.
🟠 Observations
- Uniswap has the largest mint by dollar. Curve Finance, Pixelmon, Moonbirds, and ENS are in the next places.
- ENS (Domain NFT Project) with 218.28K Tokens has the highest number of sold NFT Tokens. Art Blocks and the Outsiders are in the next places with 53.6K and 41.2K.
- there are many minted NFT projects that users only listed and sold under 1% of them.
- the left chart shows that users listed and sold all the minted Tokens in many projects like Zapper, the 104 collections, Addidas Originals metaverse, etc.
💡 Conclusion
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Jan has the highest NFT sale activity by $7.7B volume and 2.3M sale count. after May (Terra Crash) the sale volume declined significantly.
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in the first half of 2022, a big proportion of sales were between $100-$1K but the sale sizes got smaller in the second half and about 50% of sales were between $10-$100.
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Opensea with $19.9B sale volume has the highest volume among these marketplaces, the second place belongs to Looksrare with $7.16B. in terms of sale count opensea with 17.8M and x2y2 with 945K are the top marketplaces.
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the number of minted nfts peaked at September 2022 reaching 26.9K NFTs. in 2022, 4M ETH is generated by NFT Minting as Fees.
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Tubby cats and The Outsiders are the top projects that generated the most Minting Fees
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Opensea, ENS, Art Blocks, Raible NFTs, Parallel, and Town Star are the top projects in terms of sale count.
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the average number of days for 2022 NFT Holders is 38 days. there are above 30 projects that have an average holding day of greater than 300 days.
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Terraforms, Meetbits, Cryptopunks, dotdotdots, and bored ape yacht club have the highest volume.
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9 NFTs out of 20 the most expensive NFT sales (in one sale transaction) are for the Cryptopunks project. and the top one is Cryptopunks #5822 with $23.75M.
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78.4 percent of 2022 NFT projects dropped in Value. and 30.3 percent of these projects lost more than 90% of their value.
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30% of projects that gained more value have grown under 30%, and 31.1 percent increased more than 90%
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Uniswap has the largest mint by dollar. Curve Finance, Pixelmon, Moonbirds, and ENS are in the next places.
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ENS (Domain NFT Project) with 218.28K Tokens has the highest number of sold NFT Tokens. Art Blocks and the Outsiders are in the next places with 53.6K and 41.2K.
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users listed and sold almost all the minted Tokens in many projects like Zapper, the 104 collections, Addidas Originals metaverse, etc.
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Opensea, ENS, Art Blocks, Raible NFTs, Parallel, and Town Star are the top projects in terms of sale count.
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the average number of days for 2022 NFT Holders is 38 days.
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there are above 30 projects that have an average holding day of greater than 300 days.
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Terraforms, Meetbits, Cryptopunks, dotdotdots, and bored ape yacht club have the highest volume.
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9 NFTs out of 20 the most expensive NFT sales (in one sale transaction) are for the Cryptopunks project. and the top one is Cryptopunks #5822 with $23.75M.
🟠 Observations
- Opensea with $19.9B sale volume has the highest volume among these marketplaces, the second place belongs to Looksrare with $7.16B. in terms of sale count opensea with 17.8M and x2y2 with 945K are the top marketplaces.
- sale count, volume, and users have a decreasing trend, but the number of NFTs was growing.
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- 78.4 percent of 2022 NFT projects dropped in Value. and 30.3 percent of these projects lost more than 90% of their value.
- 30% of projects that gained more value have grown under 30%, and 31.1 percent increased more than 90%
