What is Hyperspace?

• Hyperspace.xyz is the #1 Solana NFT Marketplace Aggregator. You can trade listings directly from all Solana NFT marketplace - including Magic Eden, Opensea, Coral Cube, Solanart, Fractal, SMB, Holaplex, Rarible and any other Auction House based marketplace - without being redirected.[1]

• Why should I list on Hyperspace?

  1. 1.Seller fees are only 1%
  2. 2.Your NFT will remain in your wallet until it actually gets sold
  3. 3.Our devs will love you forever

What is Coral Cube ?

• CoralCube is an NFT marketplace and aggregator that aims to highlight three columns of web3 in the context of NFTs: -Easy and smooth access to the digital content on the Solana blockchain and interactions with on-chain NFT marketplaces. -Transparency wrt NFT ownership and credentials -Community owned/powered platforms and products. These three will ultimately lower the technological and economical barriers for new players to enter the competition and minimize the emergence of monopolies.[2]

• CoralCube is the #1 Solana NFT aggregator marketplace. The fastest NFT marketplace is developed by some of the top OG engineers and product managers from Facebook and Uber.

  Explore the market to get started.

Conclusion | Why would I use one marketplace over the other?

• I could clearly see more people using Coral Cube over Hyperspace as it has more sale volume flowing and a lot more users on the marketplace.
• However, another interesting reason that I found on twitter was the extra information like current Floor Price, NFT Rank and the Price the NFT was bought at is shown on Coral Cube and not Hyperspace.

Strongest Marketplace with the most Crossover

• We look at both the marketplaces and see what is the most common combination of a marketplace with other marketplaces.

• coral cube,magic eden v2 is the most common crossover for Coral Cube with 30K wallets in total.

• coral cube,hyperspace,magic eden v2 is the most common crossover for Hyperspace with 590 wallets in total.

How often to Marketplace users hold NFTs.

• Coral Cube Users hold the NFTs for a max of 170 and an average of 2.8 Days
• Hyperspace Users hold the NFTs for a max of 155 and an average of 3.35 Days
• For both of them, the median number of days is 0.

Methodology & Definitions

• SQL Credit to the query for the base query.
• Once we have all the sales we look at the following metrics
  • Sales volume
  • Total Sales Volume
  • Daily Average Sales Price
  • 7-day moving average: This is defined as the Average Sale Volume per day over the past 7 days.
  • Total Unique Buyers
  • Buyers/Day
• We look at the both the daily and the cumulative numbers for each of these metrics.
• Other metrics like Wallet Crossover are determined by the collections each wallet has ever held.
• We also look at diamond hand metrics looking at the Max, Median and Average Number of Days a wallets holds the NFTs.
• We then also look at metrics like how many wallets are actually buying back the NFT collections.
• We look at these metrics starting for the past 90 days.

Total Sales Volume

• Coral Cube dominates the total sale volume with 5M $USD in sales in the past 90 days.
• Followed by 3.3M $USD for hyperspace.

Daily Average Sales Price and 7-day moving average

• Daily average sale price has been quite stable around 100 $USD.
  • However Oct 18, 2022 saw a huge spike with 8K $USD average sale volume on hyperspace.
• 7-Day Moving Average tells a clear story, coral cube recently saw a rise in the 7-day moving average with it again falling down.
  • Hyperspace saw a huge spike for a couple of days before falling down again.

Sale Volume Over Time

• Coral Cube has dominated Hyperspace since the first day, and has seen a steady increase in the Sales Volume especially since Oct 9, 2022.
• Hyperspace just shot up on Oct 18, 2022 with 1.3M $USD in sale volume and it has after that come in closer to the Sale Volume of Coral Cube.

Buyers/Day | Total Unique Buyers

• Coral Cube clearly has more Unique Buyers, hyperspace has recently started coming on the scene.
• The highest for Coral Cube has been 3.7K buyers on Oct 11, 2022.