• Show the distribution of all NFT sales on Optimism by price.
• What percentage of all sales have been above .01 ETH? Above .1 ETH? 1 ETH?
• Do you think that there is a limit to how high a floor for a NFT collection on Optimism can reach compared to on Ethereum?

Trinket: ETH price < 0.01

Souvenir : 0.01 <= $ETH < 0.1

Keepsake: 0.1 <= ETH <= 1

Heirloom: ETH > 1

The Y axis is the percent of the total sales that fall into the labeled price category.

> ## I KNOW YOU THINK YOU UNDERSTAND WHAT YOU THOUGHT I SAID BUT I’M NOT SURE IF YOU REALIZE THAT WHAT YOU HEARD IS NOT WHAT I MEANT Alan Greenspan

What I believe, the questioner meant was to track the distribution of prices, in USD. This will give us a much better idea about price distribution, as most buyers convert the price into fiat terms, and even if they don’t it gives us a more realistic context. Also, because of binning bias, we don’t get a full picture …

The upper left chart shows the distribution of total sales, by price category, as defined in the legend above and in the question.

For context, we present the same distributions (in percentages) for all time, the period of time coinciding with the time period for which NFT sales data is available from the Flipside nft_sales table for Optimism (presumably this encompasses a large majority of the nft sales. All the sales are from the ‘Quixotic’ platform. Therefore there may be missing data, but it is doubtful that the distribution would change much), namely since December 18, 2021, and the first ten months of NFT sales data for Ethereum; the idea being to see if the sale prices maybe increases over time or if it stabalizes

I know you are all big fans of the visual, and so am I, but the question involves the likelihood of Optiimism NFT sales reaching a scale similar to Ethereum’s. The best way to see that is by checking the numbers from the tables side by side.

Be sure and look at page 2 of the tables. Sadly, the great Velocity app, does not allow the user to choose the row configuration. I am looking forward to the new upcoming app!

Ethereum NFT prices exceed Optimism’s by such an order of magnitude, that putting them side by side just doesn’t work.

In fact, we are forced to use a logrhythmic scale just to see the lower percentiles along side the higher percentiles within the seperated graphs.

Nonetheless, I provided the two distribution charts for those who prefer hovering over the bars to see the amounts.

The above two charts depict the price distribution of the Optimism (left) and Ethereum (right) chains. The X axis represents the ‘percentile’.

So, for example, the 75th percentile NFT price on optimism is $13.39. This means that 75% of the NFT sales on Optimism were under $13.40.

The y axis is the price in USD. The choice of logarhythmic scale was necessary so that we could see the relative distributions. But also, note the values on the y axis for each chart. One can see how pricewise, Ethereum is orders of magnitude more.

Is there a limit to the floor prices?

As things stand now, it appears that Optimism is providing a niche for a market on the low end pricewise. As fees are generated by the transaction, and not by the amount of the transaction, this is not necessarily a bad thing.

The numbers with Ethereum do not show a particularly impressive growth in price. The big players, who are not as concerned about transaction costs, are likely to remain on Ethereum, whereas those concerned with transaction fees, as one must be when purchasing NFTs, will find affordable NFTs and be able to trade like the big boys.

The statistics point to a ceiling of about 1 ETH. With further L2 competition and what I believe to be a collapse in the NFT marketplace, I don’t see this changing any time soon. Again, to me this isn’t a bad thing.