Try Quests to earn SOLNFT Marketplace Tracker on Solana
Overview of analysis:
In this dashboard, the NFT tool based on the Solana tables has been developed. This tool called marketplace tracker and reader can set three various parameters:
- Marketplace→ Default set to Solanart
- Time period→ Default set to the past 6 months (180 days)
- Time Basis→ Default set to Week
By setting all of the above parameters, you can track the different aspects of Marketplaces. This dashboard divided into the following parts:
- Sale activity (Overall and time base)
- Price analysis
- Top NFT collections of marketplace
- Behavior of purchasers on marketplace
Methodology:
The data provided by Flipside has been used to handle this analysis.
This dashboard divided into the three major sections as below:
-
Sale analysis→
- Sale count, Purchaser count, Sale volume, Cumulative analysis, volume per day, Active days of week and etc.
Price analysis→
- 7-day moving average for sale price, Average sale price, Max and min sale price, Median of sale price
-
Top NFT collections of Marketplace
- Top collections by volume, count of purchase and distinct buyers, average sale price of top collections
-
How purchasers of specific NFT behave→
- Count of NFTs hold by holders, Sale and purchaser distribution by sale price, Purchaser distribution by sale count, Crossover with other NFTs, Top traders based on net profit in USD
About Solana blockchain:
Solana is an open-source, public blockchain that supports smart contracts, peer-to-peer tokens (NFTs), and a wide range of decentralized applications. Coin is a native of the Solana SOL network, which, in addition to the role of exchanges, is also used to secure the network through staking or depositing. Solana network has the ability to process 50 to 65 thousand transactions per second. For this reason, it considers itself a serious competitor for Ethereum.
Solana is a blockchain network that supports a large number of decentralized applications. Currently, more than 400 projects, including lending and trading platforms, decentralized internet applications or Web.3, NFT markets and blockchain games are on the platform of this network. SOL digital currency is a native asset of this network and is used for staking. Solana blockchain uses staking to secure the power and security of its network. This network has a token writing standard called SPL, which stands for Solana Program Library, which is a set of instructions for creating and generating tokens on the Solana network platform.
NFTs and their applications:
NFTs are non-exchangeable tokens. They are issued as a unique digital certificate of ownership for any type of digital asset. In fact, an NFT is a smart contract that is regulated and digitally secured using open source platforms (which anyone can download from sites like GitHub).
The Most notable application of NFTs are:
- Appearance, educational qualifications, history of medical records and many individual characteristics are different from others. All these features can be converted into NFT tokens and everyone can manage their own data.
- Application of NFTs on computer games.
- NFT innovation can be used to copyright digital works of art.
- Earning money from personal and commercial brand
- Defining identity on the web3
Part 1: Sale stats (Overall and over time)
The first section of this analysis represents the stats related to the sale activity of selected Marketplace over the chosen time frame.
In this part we will see:
- Overall sale stats
- Sale activity over the selected time frame and times basis
By the use of the results of this section, you can find the activity of Marketplace and obtain the information related to the marketplace from sale point of view.
Part 2: Price analysis
This section provides the price analysis related to the selected marketplace over the chosen time period.
In this sections you will find the following metrics:
- Average sale price in SOL and USD
- Floor and highest sale price in SOL and USD
- Median of sale price in SOL and USD
- 7-Day moving average sale price in SOL and USD
All of the above metrics find out in overall and time base analysis and represented in this section.
Part 3: Top NFT collections
Now lets dive deeper into the marketplaces by determining the top NFT collections of selected marketplace over the chosen time period.
In this section, the following useful information can be found:
- Top 10 NFT collections ranked by total sale volume in USD
- The number of sale and unique purchasers for these top NFT collections
- Average sale price in USD to determine that which collection is the most expensive one.
- Sale analysis over time and find out the cumulative metrics related to the volume
By the use of the outcomes of this section you will able to track the most popular NFT collections on the selected Marketplace.
Part 4: Purchaser behavior
One of the most important investigations related to each NFT marketplace is determining the behavior of purchasers from various aspects:
In this part, the behavior of NFT purchasers on selected marketplace over the chosen time period has been investigated precisely.
The following metrics have been determined to underestimate that how users interacted with marketplace:
- Purchaser distribution by count of buy: 3 buckets have been introduced.
- Purchaser distribution by sale price in USD: 4 buckets have been defined.
- How many NFTs held by each owner.
- The crossover with other marketplaces mean that how users of selected marketplace interacted with other marketplaces in the chosen time period.
- Top NFT buyers with net profit in USD.
References and useful links:
Author:
Credited by MZG
Discord handle: m.zamani#0361
Twitter handle: @GargariZamani
