Methodology

• Look at various NFT Sales tables from various NFT Sales.
• We define whale as any wallet with more than 100 NFT Sales since 09 May, 2022.

Comparing NFT wallet behavior for buying and selling NFTs on Flow compared to on Ethereum and Solana.

• Given below are dashboards for various metrics comparing between Flow vs Ethereum vs Solana.
• We compare Number of Wallets and Number of NFT Sales as metrics.
• Flow and Solana have comparable volume in terms of number of wallets buying and NFT Sales
• Whales specifically are more dominant of Ethereum and Solana as compared to Flow.

Ethereum

Solana

Is there more or less "whale" activity on Flow compared to each of the other chains?

• Seems like there is more active whales on Flow and Solana both as compared to ETH, which is most likely due to the Gas Fees on Ethereum.
• But there are definitely more Whale activity on Flow for both sellers and buyers.

What do "whales" tend to focus on in Flow?

• For the Flow chain, most of the whales tend to focus on the TopShot NFTs, followed by AllDay and PackNFT.
• We see a dominance of buying and selling whales for TopShot NFTs.

Are wallets more interested in new projects, or already existing projects on Flow?

• Looking at the data seems like wallets are more interested in more famous existing projects like TopShot.
• There is very few interest in new projects currently by the wallets.

How common is "flipping" on Flow (selling within 24 hrs, within a week etc) compared to other chains, or do wallets tend to hold onto their NFTs?

• Flipping is the most common on Ethereum where wallets on average hold wallets for 0.07 days and most of them sell on the same day.
• Solana is the second most common in flipping where wallets on average hold wallets for 2.92 days and most of them sell after 1 day.
• Flow is the chain where Flipping is the least common where wallets on average hold wallets for 4.45 days and most of them sell after 2 days.

Flow

Conclusion

• Flow and Solana have comparable volume in terms of number of wallets buying and NFT Sales
• Whales specifically are more dominant of Ethereum and Solana as compared to Flow.
• Whales however are less likely to flip NFTs on Flow as compared to Ethereum and Solana.