Average Royalty Fees

Markets Overall Stats

Min/Max/AVG/Median of Royalty Fees

• The average royalty fee for OpenSea collections is about 10% while the average royalty fee for transactions is 6.2%.
• For looksrare the difference is low. but for x2y2, average royalty fee of collections is 4.1% while the average royalty fee for transactions is only 1.26%.

Distribution of royalty fees

Weekly Stats

Traders

Collections

In this dashboard, we will compare NFT royalties among marketplaces to see which platform is the king of NFT royalties.

• The Median of royalty fees shows that OpenSea and Looksrare have the highest royalty fees while Rarible and x2y2 have the lowest.

• More than 95% of the transactions volume on x2y2 is royalty-free while only 5% of the transactions volume on OpenSea is royalty-free.

• 47% of the transactions volume on Looksrare is royalty-free and 54% of Rarible is royalty-free.

• More than 56% of collections on OpenSea has Royalty Fees between 5-10%.

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• In the past 3 months, 88.5% of transactions volume was with royalty fees on OpenSea, while only 3% of transactions volume on x2y2 was with royalty fees.

Summary

• OpenSea has More than 90% of the market shares among Rarible and x2y2.

• Obviously, OpenSea is the king of NFT royalties. OpenSea has the highest volume and transactions with a royalty fee. it also has the highest percentage in terms of volume, transactions, and traders in comparison with the other 3 marketplaces.

• After Opensea, Looksrare has the 2nd rank among marketplaces for NFT royalties.

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• Paid royalty fees on OpenSea for collections are much higher than other marketplaces.

• Rarible platform didn’t provide transactions with 0% royalty fees until April 2021, but after that, the transactions without royalty fee increased. after that looks rare start with 80% of transactions without royalty on January 2022. but this decreases after that.
• x2y2 starts with lowest royalty fees on February 2022, but royalty fees average increased and transactions with 0% royalties decreased after that.

• More than 81% of NFT buyers on OpenSea only bought NFTs with royalty Fees. while only 13% of NFT buyers on x2y2 bought NFTs with royalty fees.

Methodology

• All NFT sales data were extracted from ethereum.core.ez_nft_sales table.

• The royalty Fee percent was calculated by dividing the Creator Fee by the Price.

• Looksrare platform had some fault in calculating the USD Price in the database, so it was excluded from the sales volume charts.

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