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    SOL OpenSea vs Magic Eden

    Q53. OpenSea launched its SOL compatibility on 4/6 - giving the SOL NFT landscape access to the largest source of NFT liquidity. However, Magic Eden remains the top NFT marketplace on SOL. Compare sales volumes between OpenSea (for solana NFTs) and Magic Eden since OpenSea's Solana launch. How many unique users have bought a SOL NFT on OpenSea vs Magic Eden since 4/6. How do you expect this trend to develop over time?

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    Introduction:

    As we know, the OpenSea is the biggest marketplace for NFT sales on Ethereum blockchain. As mentioned in the question, the OpenSea is launched its Sol compatibility by adding its marketplace on Solana blockchain on Apr 6, 2022.

    In this dashboard, we want to compare the Magic Eden and OpenSea marketplaces on Solana blockchain from these points of views:

    • Sales volume
    • Unique wallets that use each marketplace

    The daily sales volume of Magic Eden and OpenSea on Solana blockchain is shown in this line-chart. As shown in this chart, the Magic Eden dominate the sales volume. But as can be seen from this chart, after the launch of OpenSea the sales volume of Magic Eden dropped with slight slope and the sales volume of OpenSea is grown, accordingly.

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    This bar-chart demonstrates the daily number of unique wallets that participate on Magic Eden and OpenSea marketplaces on Solana blockchain. As shown in this figure, the number of unique wallets for OpenSea is reached its maximum on Apr 7 and the its the next day of launching OpenSea on Solana blockchain.

    Note: The results of this dashboard show the adaptability of OpenSea on Solana blockchain but more accurate results and conclusion could be obtained by testing it for the bigger time period.

    The time period of this dashboard is considered from the launch time of OpenSea on Solana blockchian which is from Apr 6, 2022.

    As we expected, the Magic Eden marketplace is the dominant NFT sale platform on Solana blockchain and the results verify that but the other results are shown in the next parts.