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Hello everyone! On this dashboard we are tracking Apetimism, a community-driven PFP NFT project on Optimism.
We are going to track the minting process, The minters behavior after minting, the sales at Quixotic marketplace and the buyers/sellers behavior.
Flipsidecrypto’s Optimism database is our tool to do create this dashboard.
At the first step let’s track the minting process:
- Note: There was some founders pre minting before the official mint begin, we it in our analysis exclude and focusing to the normal wallets here, you can see full detail of minting here.
As we see there is 2 spikes in the minting timeline the first one with 338 mints in 1 minute happened on 3:30 AM on 4th June, and it was related to whitelisted wallets private mint. the second and the bigger spike with 1183 mints in 1 minute happened on 4:30 AM and was related to starting the Public mint. As we see in both phases people rushed into the minting on the starting minutes of the round.
After reviewing the minting timeline, let’s get some overall stats of the process:
1598 wallets had participated on minting process, this wallets spent 200k $USD and 113.3 $ETH for minting Apetimisms. and as we see, The projects has been sold out in just 72 minutes after starting the mint.
As we see 1598 wallets had been involved in minting process but was all of them are unique wallets?
The answer is no!
In fact although major part of minters (1225 of 1598 wallets) done their work by 1 transactions but 373 wallets did not mint all their NFTs in 1 single transaction, in other words they repeated their action again, so they wouldn’t be counted as an unique wallet on 2nd or 3rd tries, these group was 23.3% of total Apetimism minters.
What was the minting and the minters effects on Optimism chain? What are users doing after mint with their NFTs ? let’s see:
As we see, 1592 transactions was happened for minting Apetimism, And if we look at the other transactions on the Optimism chain in the same day, we see minting Apetimisms owned 1.5% total share of the Optimism transactions on 4th July 2022
By looking at the unique minters and comparing them with the total active addresses on Optimism on the minting date
(Active means doing at least 1 transaction on that date), we see these 1225 wallet are 6.58% of total Optimism’s active wallets in the minting date.
Now it’s time to track the Apetimism sales on Quixotic marketplace:
We can see the loosing interest in both trade counts and the $USD volume chart! As you see on the first days of the lunch of the Apetimism there was high demand for it but with going forward through time, we see how the demand has fallen, the highest record of number the sales in 1 single day was 403 trades, which happened on the first day of the lunch (4th June).
In the $USD volume chart also the record of sales volume was happened on 2nd day of the lunch (5th June), which was 68K $USD.
IF we look at overall amounts we can see 259k $USD (165 $ETH) has spent by the users on 1760 Apetimism trades on Quixotic.
The chart below shows the Price status of Apetimism in each day, we see besides the first 2 weeks, the most expensive sale was happened on 7th June 2022 where 1750 $USD payed Apetimism #2395 on it. also the lowest price record was happened on the lunching date, where a user sold his/her NFT for just 7 $USD.
The below table gives us a closer look to the most expensive sales:
But where are the buyer and the sellers coming from? Are they the minters or they are they found the collection on secondary market for the first time?
Although the is a sharp decrease on the number of traders (same as the volume and sales numbers chart) but the unique buyers still have the higher number here, we can see 53.3% of the unique wallets trading Apetimism are going to buy one instead of selling it.
In the final part of this analysis we are tracking the Apetimism trader wallets behavior on Quixotic:
As we see 74.7% (588 in numbers) of the seller wallets are the ones who minted Apetimisms, and also we see only 19.5% (178) of the buyers are the minters.
so holding Apetimism is not the favored or increasing their NFTs is not the favored action by the minters, and they prefer to sell the minted NFTs instead.
Summery
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In the 1st minute of Apetimism public mint, users minted 1183 NFTs, which was the highest amount of mints per minute during the minting process which lasted 72 minutes in total.
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Minting Apetimisms owned 1.5% of total share of the Optimism transactions on 4th July 2022
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6.58% of total Optimism’s wallets made a transaction on 4th July were the Apetimisms minters . These 1225 wallets spent 200k $USD and 113.3 $ETH for minting Apetimisms.
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The highest record of number the sales in 1 single day was 403 trades, which happened on the first day of the lunch (4th June).
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The highest record of sales volume was happened on 2nd day of the lunch (5th June), which was 68K $USD.
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The most expensive sale was happened on 7th June 2022 where 1750 $USD payed Apetimism #2395 on it. also the lowest price record was happened on the lunching date, where a user sold his/her NFT for just 7 $USD.
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53.3% of the unique wallets trading Apetimism are going to buy one instead of selling it.
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Apetimisms minters prefer to sell their NFTs instead of holding them, 74.7% of the seller wallets are the ones who minted Apetimisms, while only 19.5% of the buyers are the minters.
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