Ethereum Network

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Ethereum is a decentralized, open-source blockchain network that enables developers to build and deploy decentralized applications (dApps) and smart contracts. It was launched in 2015 by Vitalik Buterin, a Russian-Canadian programmer, and has since become one of the most popular blockchain networks in the world.

Unlike Bitcoin, which is primarily a digital currency, Ethereum was designed to be a platform for building decentralized applications that run on its blockchain. Ethereum's smart contract functionality allows developers to create self-executing contracts that automatically execute when certain conditions are met. This enables a wide range of applications, including decentralized finance (DeFi) platforms, supply chain management systems, gaming platforms, and more.

The native currency of the Ethereum network is called Ether (ETH), and it is used to pay for transaction fees and to incentivize miners to process transactions and secure the network. The Ethereum network is also notable for its strong developer community and active ecosystem of decentralized applications, tools, and services.

NFTs on Ethereum Network

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Non-Fungible Tokens (NFTs) are digital assets that are unique and indivisible, meaning that they cannot be replicated or exchanged like-for-like. They are stored on the Ethereum blockchain and use smart contracts to enforce their ownership and transferability.

NFTs have become increasingly popular on the Ethereum network, and have been used for a wide range of purposes, including digital art, collectibles, gaming assets, and more. One of the main benefits of NFTs is that they allow creators to monetize their digital content and receive direct compensation for their work.

NFTs are created by deploying a smart contract on the Ethereum network, which defines the rules for the NFT, including its ownership, transferability, and other attributes. Once the NFT is created, it is stored on the blockchain and can be bought, sold, or traded on various marketplaces and platforms.

The value of NFTs is largely determined by their uniqueness and scarcity, as well as their cultural or historical significance. Some NFTs have sold for millions of dollars, such as the digital artwork "Everydays: The First 5000 Days" by artist Beeple, which sold for $69 million at auction.

Methodology

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In this dashboard, I have calculated the following metrics for the observed period from '2023-04-02' to '2023-05-06'.

• Total sales & Total volume of sales
• Sale count of projects & USD Sold volume of projects
• Event types of sales & Event types of volume of sales
• Sale count of platforms & Sale USD volume of platforms
• Sale count of currencies & Sale USD volume of currencies
• Top 10 buyers and sellers with most sale count & USD sale volume
• USD sale volume of top 5 collections
• Average USD sale volume of top 5 collections
• Average USD sale volume per buyer of top 5 collections
• Average USD sale volume per seller of top 5 collections