Examining the Flow NFT Market

First we compute the volume (in FLOW, the native token of the Flow network) and number of transactions of all the NFT tokens (64) that have been traded since May 9, 2022.

We see that Top Shot dominates the field. The two other collections with significant share of the volume and transaction counts are All Day and UFC NFT. PackNFT has a story of its very own. However it does not appear that there is any kind of sustainable market activity with PackNFT. 3 other tokens make a blip on the radar: RCRDSHPNFT, Cricket Moments and gaia

Above, we see the general trend of volume over the most recent month. There is a giant spike on May 26 and a down-trend matching the overall mood of the market...

Above, we see a stacked bar chart that includes all 64 NFTs traded on Flow, since May 9. If you are interested in some other NFTs besides the leader, feel free to play around with this chart. It will be a pain, but you can uncheck as many boxes as you like. For our purposes it reinforces the fact that there are only a handful of dominant tokens. We see our leader, TopSpot, maintaining a decent level of volume over time, without even much of a drop. All Day and UFC NFT, while not showing nearly as much volume as the leader, still seem to maintain some consistency over time.

May 26, 2022: Pack Nft's day in the limelight

While Pack NFT has fairly low volume compared to the leaders, they did have one day's moment of glory: They claimed the title of most volume transacted in one day. They even beat Top Shot!

Below, we clean things up a bit and focus on the leading tokens...

Wallets holding more than one of the leading tokens is fairly common

Below is a distribution of NFT buyers with more than one NFT from the set of 7 leading tokens.

Out of about 64000 total buyers on Flow, around 13000 own more than one of these leading tokens. Here is how that is distributed. This is based on the number of tokens that the wallet holds.

Recap:

• Top Shot is the dominant leader showing strength and consistency even during the bear market

• All Day and UFC NFT also seem to show some strength and consistency albeit not at the same scale.

• Pack NFT shows up almost completely fueled by a crazy day of volume on May 26th

• There is a fairly high amount of traders that hold more than one of the seven tokens we focused on .