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    Introduction

    The aim of this dashboard is to know how much Opensea has earned through Polygon transactions. We will also analyze fees received by OpenSea on Polygon.

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    Method

    • To identify wallets that collect trading fees, all token transferring related to OpenSea were tracked to identify addresses that have the most incoming transfer transactions from those transactions. this results in the following table. by reviewing these addresses, it was found that the second and third addresses are the addresses that we were looking for.

    • WETH, DAI, REVV and USDC are four tokens that users on OpenSea can trade with to buy or sell NFTs on Polygon. So, these tokens were considered to calculate fees received by OS.

    • Token transfers were extracted from polygon.core.fact_token_transfers table.

    • Daily WETH price were extracted from ethereum.core.fact_hourly_token_prices table by averaging daily prices.


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    🌱As of this writing, the minimum block time of the polygon database used for this analysis is 2022-06-06.

    • In June 15th, 9.5 ETH was received as fees. this was the highest daily amount of Weth received.
    • In July 26th, 2006.8 DAI was received as fees. this was the highest daily amount of DAI received.
    • More than 95% of USD value of Fees come from WETH.
    • On average, about 0.001 WETH is received per transaction as fees for transactions that trade NFTs via WETH.
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    • The trend of daily number of received fees transactions shows that the number of transactions with WETH has a descending trend and the number of transactions with USCD has an ascending trend.

    Summary and Conclusion

    • More than 95% of USD value of Fees come from WETH.
    • On average, about 0.001 WETH is received per transaction as fees for transactions that trade NFTs via WETH.
    • Total USD value of fees received by opensea on polygon from June 6th is $326K which has $426K value today.
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