Polygon (Opensea Fees)

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    Opensea Fees

    Find the wallet that collects Opensea fees. Make a dashboard showing how much Opensea has earned through Polygon transactions. 

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    Method

    In the present dashboard, Polygon users' transactions on Opensea and the cost of paid fees have been reviewed. polygon.core.fact_event_logs, polygon.core.dim_labels, ethereum.core.fact_hourly_token_prices have been used for this purpose. The noteworthy point is that considering that Polygon tables are available from June 6 onwards, the analyzes of this dashboard are also valid for after this date.

    In the first part, the Opensea income from Polygon transactions has been discussed and the types of tokens used in these transactions have been examined. In the next part, the number of transactions made on Opensea by Polygon users is reviewed in general, daily and also based on the tokens used.

    By analyzing Polygon transactions performed on Opensea on polygonscan and also with the help of the label table, the following addresses were extracted:

    Opensea main contract : '0xf715beb51ec8f63317d66f491e37e7bb048fcc2d'

    opensea wallet and address collects Opensea fees: '0x5b3256965e7c3cf26e11fcaf296dfc8807c01073', '0x8de9c5a032463c561423387a9648c5c7bcc5bc90'

    1- Opensea earnings from Polygon transactions

    As shown in the graphs , about 15,221 DAI worth $15,226, 754 REVV worth $13 , 203 USDC worth $203 and 242 WETH worth about $312,632 were used in the transactions of Polygon users on Opensea. A total of $328,000 per Polygon transaction has been earned for Opensea. As it is clear, the major share (95%) of Opensea's income is from the fees paid with WETH, followed by DAI (4.64%), USDC and REVV with a small share.

    Opensea’s daily revenue from Polygon transactions has had an almost downward trend, so that the highest revenue was on June 15 with $11,816 and the lowest was on June 24 with $2,701. In the following graphs, the dollar value of the daily income from each token and the trend of changes in the income from different tokens on Opensea are examined. As it is known, the most WETH spent on June 8 was $11,186, the most DAI was spent on July 26 was $2006, the most USDC was spent on August 1st was $52, and the most REVV was spent on July 9 was $1. It is shown that the income trend of WETH is almost constant, the income trend of DAI is uncertain (sinusoidal), the income trend of USDC is increasing and the REVV trend is also uncertain.

    2- The volume of Polygon transactions on Opensea

    The total number of Polygon transactions on Opensea since June 6 was about 224 thousand transactions.

    The number of daily transactions made with WETH paid fee is decreasing and the highest number of these transactions is related to June 8 with 7777 transactions, the trend of transactions with DAI is also almost downward and the most of them was on June 8 with 127 transactions. The use of USDC in transactions has been welcomed and has an upward trend, the highest number of daily transactions with USDC was 101 transactions on July 31. It is unclear about the REVV trend, and the highest number of transactions was 11 on July 9.