Introduction

According to NFTX documentations, NFTX is a platform for creating liquid markets for illiquid Non-Fungible Tokens (NFTs). Users deposit their NFT into an NFTX vault and mint a fungible ERC20 token (vToken) that represents a claim on a random asset from within the vault. vTokens can also be used to redeem a specific NFT from a vault. Benefits include:

• LP and stake minted vTokens to earn yield rewards
• Better distribution and price discovery for NFT projects
• Instantly sell any NFT by minting it as an ERC20 and swapping via Sushiswap
• Increased liquidity for NFT investors and speculators

What to expect in this dashboard?

• Identifying 3 vaults that have the most interactions regarding staking and unstaking minted tokens
• Identify Collections with high sales volume in the last 60 days
• Number of daily NFT deposits and withdraws of identified collections
• Review and conclusion

Methods:

• Inventory Staking contract has been used to identify relevant interactions of tokens (staking and unstaking)
• fact_event_logs table is used for identifying 3 most active vaults
• By EVENT_INPUTS column, NFT contract address of each vault has been identified.
• The NFT collection name has been assigned to each related vault by dim_contracts table.
• Previous related dashboard data is used to identify collections with high sale volume on NFTx.
• With the identified collections, Number of deposits and withdraws of NFTs has been extracted from ez_nft_transfers table.
• The considered period for analysis is past 2 months.

In the following table, 3 vaults that have the most interactions (Stake and unstake generated tokens) has been brought:

According to previous dashboard, 3 collections with highest sales volume on NFTx in the last 60 days are:

For more on this analysis, access the dashboard here.

Now, the collections to consider for more analysis are:

let's look at number of interactions of these collections' vault on NFTx:

In the following charts, we can see Total sales volume and total sales count of top collections on NFTx Market

In the following charts, we can see Number of daily NFT deposits to vaults and NFT withdraws from vaults:

• We can see that Milady collection has the most activity in terms of staking and unstaking. So, its generated tokens on its vault staked and unstaked more than other considered collections' vaults in the last 60 days.
• From May 19th to May 23rd, Milady Vault is almost the only vault that had activity among other 4 considered vaults.

• From May 17th to May 27th, Milady collection had more sales volume and sales count than the other 4 collections.
• From May 5th to May 13th, doodles collection had more sales volume than the other 4 collections.

• On May 13th, Doodles collection had a spike in depositing and withdrawing NFTs to and from its vault.
• From May 17th to May 27th, we can see most activities of Milady collection in terms of depositing and withdrawing NFTs to its vault.
• In the last 60 days, there wasn't any depositing and withdrawing of CryptoPunks collection. but its vault had some activity of staking and/or unstaking of its generated tokens.

Conclusion:

When a collection is being trending and its sales values goes higher, its vault became more active

• People that bought NFTs deposit them to vaults and stake its tokens
• Sellers unstake or withdraw NFTs to sell them and probably take their profits.

Analyzing user activity providing and removing liquidity from NFTX vaults.

Identifying three vaults that have seen the most activity over the past 60 days

Similarities between these vaults or NFT projects