Sei Network, a platform tailored for NFT trading, uses its Twin-Turbo consensus and parallelization to achieve high efficiency and performance. It is renowned as the perfect platform for NFT exchanges, offering unparalleled speed and effectiveness in the blockchain sector.

In this dashboard, I will review the trading of NFTs on the Sei network over the past month. The data is provided based on NFT trades on the two top NFT marketplaces on the Sei network, namely Pallet NFT marketplace and Dagora NFT marketplace.

1. High Volume of Trades: The total NFT sales reached 86.9k with a significant traded volume in both $SEI (6.8 million) and USD (4.6 million), indicating a robust trading activity on the Sei network.

2. Price Range and Participation: The maximum sale price of an NFT was $SEI 10,000, suggesting that there are high-value assets within the marketplace. The participation is broad, with 12.4k buyers and 21.3k sellers, showing a healthy balance between demand and supply.

3. Daily Metrics and Trends: The daily NFT sales, both in number and volume, show variability with some peaks and troughs, which may correspond to specific events or releases. The daily buyers and sellers graph shows that the number of sellers consistently outnumbers the buyers, which could indicate a buyer's market.

4. Trading Value Trends: The daily traded volume in $SEI and USD seems to be decreasing over the month, which could imply a cooling off of the market or possibly a trend towards lower-priced NFT transactions.

5. Popular Collections: The data on traded NFT collections reveal that certain collections are more popular either by volume or number of trades, with 'Yaka voyager' and 'WeBump' being the top collections by traded volume, and 'Outlines' leading by the number of trades. This highlights the collections that are currently trending in the market.

6. Market Dynamics: The graphs indicating daily mint, avg, and median traded NFTs show the market dynamics in terms of pricing and sales volume. A consistent median trading line might suggest a stable market whereas the average line indicates the influence of high-value trades.

Credits

• Special thanks to legendary flipside ambassador Hess