Question

Q3. How popular are NFTs on Polygon? Track daily volume over the past month/year/etc.

How many Polygon users started off with NFTs? Who made the most profit?

Creation date: 2022-07-17

Created by piper

Introduction

What is Polygon?

Polygon is a decentralised Ethereum scaling platform.

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Methods

• Used timeframe 2022-06-06 till 2022-07-17
• Queried polygon.core.fact_transactions and polygon.core.fact_event_logs

Looking at the $MATIC chart, nothing special is visible. The chart follows the general ups and downs of the past weeks in the current bear market.

Let’s have a look at the Number of Transaction and the Sales Volume and compare it with the Price Chart.

The Number of Daily Sales Transactions looks very ‘stable’ in the past days. There is no trend visible.

With the Volume Chart, things look a bit different. The Daily Totals vary from day to day, sometimes it is a bit higher and sometimes lower. No direction apparent.

Also the Daily Number of Users looks very stable’ in the past weeks, there seem to be a constant group of users dealing with NFTs on Polygon.

Conclusion

• A total number of 13.27k users were attracted by NFTs on Polygon so far
• They did around 65.6k NFT Sales on Polygon
• The Total Volume of all trades is around 4.04 Million $MATIC
• Number of Transactions and Sales Volume seem not to depend on $MATIC price

Thanks for reading!

This analysis was created on 2022–07–17 for a bounty at Flipside Crypto by piper to answer the following questions:

Polygon - Polygon NFT: Q3. How popular are NFTs on Polygon? Track daily volume over the past month/year/etc. How many Polygon users started off with NFTs? Who made the most profit?

All data used are from Flipside Crypto.