User Activity

    This dashboard looks at NFT withdrawal and deposit activity on NFTX over the past two months.

    What is NFTX?

    NFTX is a platform that aims to create liquid markets for illiquid NFTs on Ethereum. Users deposit their NFT into a vault on NFTX and receive a fungible ERC20 token in return. This token can be redeemed for a random asset within the NFTX vaults. It can also be redeemed for a specific NFT in the vaults.

    Methodology

    To compare the vaults with the most deposits versus withdrawals, we will first look at the most popular NFTX deposits by vault, then the most popular NFTX withdrawals by vault. We will then see if there are any similarities between the most popular collections to add and remove liquidity from. All data will be from the past two months.

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    The milady NFT vault had by far the greatest number of deposits over the past two months, with over 3000 NFTs deposited. Only 4 vaults had over 300 NFTs deposited over the past two months.

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    The milady deposits made up almost 1/3 of the total number of NFTs deposited over the past two months. The second most popular collection to deposit, avastar, made up only about 4% of deposits.

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    The most popular asset to withdraw from NFTx was the milady collection, with just under 2000 withdrawals. Only 4 collections had over 200 NFTs withdrawn.

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    Like the proportion of NFTs deposited, the milady collection made up 1/3 of NFTs withdrawn. The PhunkApeYachtClub made up about 4.5% of NFTs withdrawn.

    Conclusion

    In conclusion, the milady collection made up by far the most NFTs deposited and withdrawn. The avastar collection made up the second-most NFTs deposited, while the PhunkApeYachtClub made up the second most NFTs withdrawn. The milady NFTs are a collection of 10,000 generative NFTs with anime inspired characters. The collection became very popular over the past year, with some of the NFTs selling for 15 ETH.