Try Quests to earn SOLThe Rise of Tensor
To create this dashboard, I used data provided by Flipside Crypto to analyze the activity on TensorSwap, a NFT marketplace built for traders on the Solana blockchain. Specifically, I focused on the daily NFT sales on TensorSwap, including the number of sales, daily buyers and sellers, volume of sold NFTs, daily new buyers, best NFT collections by number of sales, buyers, sellers, and sold volume. I also compared the data from TensorSwap to other NFT marketplaces to provide context for our findings.
To measure user behavior changes since the announcement of the airdrop mechanics in season 2, I tracked the activity of the top 100 collections in terms of market cap on the TensorSwap marketplace. I identified the most popular collections so far. To provide further insight, I compared TensorSwap's rise to the rise of Blur on Ethereum.
Our analysis is based on data from the Flipside Crypto platform, which uses blockchain data to provide insights into user behavior and activity on various blockchain-based applications. Our findings are based solely on the data provided by Flipside Crypto and are subject to the limitations of the data available.
TensorSwap is a NFT marketplace built for traders on the Solana blockchain. Solana is a high-performance blockchain designed for decentralized applications and is gaining popularity due to its fast transaction speeds and low fees. In recent months, the Solana ecosystem has seen significant growth, with a growing number of projects being built on the platform, including NFT marketplaces like TensorSwap.
Since its launch, TensorSwap has quickly risen to become the second-largest NFT marketplace on Solana, only behind Magic Eden. Its popularity has been driven by a combination of the platform's user-friendly interface and the growing demand for NFTs. In addition, the recent launch of the first season of rewards for their airdrop has further boosted activity on the marketplace.
As the Solana ecosystem continues to grow, it is becoming an increasingly important player in the NFT market. By providing a platform for traders to buy and sell NFTs, TensorSwap is playing a crucial role in this ecosystem. In this dashboard, we aim to provide insights into the activity on TensorSwap and compare it to other NFT marketplaces. We will also explore how user behavior has changed since the announcement of the airdrop mechanics in season 2 and identify which collections have been most popular on the platform so far.
References
TensorSwap website: https://tensorswap.xyz/Solana website: https://solana.com/
https://coinmarketcap.com/alexandria/article/solanas-growth-is-impressive-but-what-drives-it
Magic Eden website: https://magiceden.io/
https://www.forbes.com/sites/tatianakoffman/2022/02/18/solana-the-rising-star-of-the-nft-market/?sh=7d4ab4e92b4f
https://dappradar.com/rankings/category/nft/solana