Solana-53.SOL OpenSea vs Magic Eden

    -- SOL OpenSea vs Magic Eden -- OpenSea launched its SOL compatibility on 4/6 - giving the SOL NFT landscape access to the largest source of NFT liquidity. -- However, Magic Eden remains the top NFT marketplace on SOL. -- Compare sales volumes between OpenSea (for solana NFTs) and Magic Eden since OpenSea's Solana launch. -- How many unique users have bought a SOL NFT on OpenSea vs Magic Eden since 4/6. How do you expect this trend to develop over time?

    Methodology

    • Find all eden sales transactions using the following filters
      where block_timestamp >= '2022-04-06'
       and instruction:programId in ('MEisE1HzehtrDpAAT8PnLHjpSSkRYakotTuJRPjTpo8', 'M2mx93ekt1fmXSVkTrUL9xVFHkmME8HTUi5Cyc5aF7K')
       and array_size(inner_instruction:instructions) > 2 
    
    • Find all the opensea sales transactions using the following filters
      where instruction:programId = 'hausS13jsjafwWwGqZTUQRmWyvyxn9EQpqMwV1PBBmk'
         and array_size(inner_instruction:instructions) > 2 
      and block_timestamp >= '2022-04-06'
      and sales_price > 0
    
    • Once we have the transactions plot them to display required metrics like Number of wallets and transactions.

    Number of Transactions and Sale Volume

    • Eden dominates opensea, rightly so, because opensea on Solana is very new.
    • For Number of Transactions Eden has like 20X the number of transactions of Opensea on any given day.
    • For Sale volume Eden has like 8x-15X the Sale Volume of OpenSea on any given day.
    • Since 06 Apr, we have had 119K transactions on Eden, vs 9.8K for Opensea.
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    Number of Wallets

    • Eden dominates opensea for number of wallets as well.
    • For Number of Wallets Eden has like 26X the number of Wallets of Opensea on any given day.
    • Since 06 Apr, we have had 55.48K active users on Eden, vs 1.3K for Opensea.
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    How do you expect this trend to develop over time?

    • Given opensea is such a big name, I expect this trend to go up as time passes, once people see how cheap it is to list and sell NFTs on Solana.