Methodology

• We look at all the sales for OpenSea on Ethereum Magic Eden V2 on Solana and Quix on Optimism from ethereum.core.ez_nft_sales ,solana.fact_nft_sales and optimism.core.ez_nft_salestables.
• We calculate the respective token prices from the swaps in case of Solana and the price tables for Ethereum and Optimism.
• Once we have all the sales we look at the following metrics
  • Number of Sales
  • Total amount of Sale
  • Average amount Sale
  • Number of Buyers
  • Number of Sellers
• We look at the both the weekly and the cumulative numbers for each of these metrics.
• We look at these metrics starting Jul 2022 and Starting from the beginning of year.
• We then look at these metrics only for the Top 5 NFTs per platform by Sale Volume.

We are only considering OpenSea on Ethereum and not Polygon to compare apples to apples across one Blockchain.

Since Starting of 2022

Number of Sales

• Opensea was the dominant force in the beginning of the year and for a while OpenSea and Magic Eden were neck to neck in July , however after Aug 2022 Magic Eden is visibly dominant, Quix on the other hand has been lagging.
• Highest for OpenSea was 529K during the week of Jan 24, 2022.
• Highest for MagicEden was 1M during the week of Sep 5, 2022.
• Highest for Quix was 8.8K during the week of Sep 19, 2022.
• Till date since the beginning of Year we have seen 14.8M for OpenSea, 12.6M for Magic Eden and 106K for Quix

Sale Volume - $USD

• OpenSea has always dominated MagicEden and Quix in terms of Sale volume, but May was special when MagicEden went crazy.
• Highest for OpenSea was 1.2B during the week of Jan 24, 2022.
• Highest for MagicEden was 3.9B during the week of May 16, 2022.
• Highest for Quix was 525K during the week of Sep 19, 2022.
• Till date since the beginning of year we have seen 18.82B for OpenSea, 14.4B for Magic Eden and 3.2M for Quix

Conclusion

• Opensea is still dominant in terms of all metrics except the number of Sales.
• The Sale volume on Opensea is just immense and will take a while for MagicEden to match that.
• Quix on the other hand is still in the early stages and has a long long way to go, it did see some strong numbers in the last few weeks.
• Overall Opensea on Ethereum still rocks.

Top 5 NFT Collections per platform by Sale Volume($USD)

• Okay bears on MagicEden Dominates the Top NFT Collections with 2.9B $USD in sales

  • With a total of 20K sales with 9.9K sellers and 9.5K buyers and an average sale of 143K $USD

• BAYC on OpenSea comes in second in the Top NFT Collections with 0.9B $USD in sales

  • With a total of 20K sales with 2.6K sellers and 2.5K buyers and an average sale of 266K $USD

• The OtherSide on OpenSea comes in second in the Top NFT Collections with 0.85B $USD in sales

  • With a total of 44K sales with 19.8K sellers and 21.8K buyers and an average sale of 18.5K $USD

Since July 2022

Number of Sales

• For a while OpenSea and Magic Eden were neck to neck in July , however after Aug 2022 Magic Eden is visibly dominant, Quix on the other hand has been lagging.
• Highest for OpenSea was 451K during the week of Jul 04, 2022.
• Highest for MagicEden was 1M during the week of Sep 5, 2022.
• Highest for Quix was 8.8K during the week of Sep 19, 2022.
• Till date since the beginning of July we have seen 4.3M for OpenSea, 7.1M for Magic Eden and 51K for Quix

Sale Volume - $USD

• OpenSea has always dominated MagicEden and Quix in terms of Sale volume.
• Highest for OpenSea was 132M during the week of July 18, 2022.
• Highest for MagicEden was 58M during the week of June 27, 2022.
• Highest for Quix was 525K during the week of Sep 19, 2022.
• Till date since the beginning of July we have seen 1.32B for OpenSea, 298M for Magic Eden and 1.1M for Quix

Since July 2022

Number of Buyers

• OpenSea has always dominated MagicEden and Quix in terms of Number of Buyers.
• Highest for OpenSea was 113K during the week of July 11, 2022.
• Highest for MagicEden was 69K during the week of Sep 05 2022.
• Highest for Quix was 6K during the week of Sep 19, 2022.
• Till date since the beginning of July we have seen 1.2M for OpenSea, 691K for Magic Eden and 23K for Quix

Number of Sellers

• OpenSea has always dominated MagicEden and Quix in terms of Number of Sellers.
• Highest for OpenSea was 127K during the week of July 11, 2022.
• Highest for MagicEden was 75K during the week of Sep 05 2022.
• Highest for Quix was 5.8K during the week of Sep 19, 2022.
• Till date since the beginning of July we have seen 1.4M for OpenSea, 746K for Magic Eden and 25K for Quix

Since Starting of 2022

Number of Buyers

• OpenSea has always dominated MagicEden and Quix in terms of Number of Buyers.
• Highest for OpenSea was 190K during the week of Jan 31, 2022.
• Highest for MagicEden was 72K during the week of Jun 06 2022.
• Highest for Quix was 6K during the week of Sep 19, 2022.
• Till date since the beginning of Year we have seen 4.8M for OpenSea, 1.8M for Magic Eden and 47K for Quix

Number of Sellers

• OpenSea has always dominated MagicEden and Quix in terms of Number of Sellers.
• Highest for OpenSea was 149K during the week of Jan 31, 2022.
• Highest for MagicEden was 76K during the week of Jun 06 2022.
• Highest for Quix was 5.8K during the week of Sep 19, 2022.
• Till date since the beginning of Year we have seen 4.5M for OpenSea, 2M for Magic Eden and 36K for Quix