Method

• I used the flipside_prod_db.polygon.udm_events table and got the transactions with filter

  to_address = '0xad79e2ea4424781ec61c52cd2464f6ad525e2a5d' or to_address = '0x0eb9198b6375d5deb55101dc7b82ad6654d3301b' or to_address = '0x5b3256965e7c3cf26e11fcaf296dfc8807c01073') and block_timestamp::date >= '2022-01-01' and symbol = 'WETH'.

• Then, based on the transactions list above, I obtained the contract addresses and tx_ids from the flipside_prod_db.polygon.events_emitted table.

• Finally, I combined the obtained results based on the tx_id.

Introduction

OpenSea provides its marketplace infrastructure for free to everyone across the globe with a crypto wallet. Anyone can mint their NFTs for free without paying any upfront fees. This removes a big barrier to entry for people looking to get started with NFT creation.

In order to maintain it service and a healthy marketplace they take a 2.5% commission on NFTs sold on OpenSea. This 2.5% fees is paid in ETH tokens on Ethereum Blockchain and as WETH tokens on Polygon Blockchain. In this post we are limit to OpenSea transactions carried out on Polygon Network.

What Will You Read?

In This Analysis, You Will Read how much Opensea has earned through Polygon transactions.

Amount Opensea Fees

• The total amount fees earned through Polygon transactions is 2350k ETH and 6.58M USD.
• On average, Opensea fees through Polygon is about 26k dollars.
• Total NFTs transferred through the Polygon is 7.94k.

Total daily Opensea fees

In the opposite chart shows the total daily fee is compared with the cumulative amount of transactions.

As you can see, the highest daily fee on January 28, 2022 is around 117k dollars.

The total daily fee was about 101k dollars on March 7, which was the highest since January 28 and above 100k dollars, and has been declining since then.

Since February 19, transactions have decreased and the upward slope has decreased after this date.

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Cumulative Opensea fees

In the opposite chart shows the cumulative Opensea fees from January 1, 2022.

As you can see in the cumulative fee chart, Since January 1, the upward slope has been increasing, but since Jun 1, it has been stable.

Conclusion

• Total Opensea fees through Polygon is 6.58M dollars since 2022-1-1.
• On average, Opensea fees through Polygon is about 26k dollars since 2022-1-1.
• Total NFTs transferred through the Polygon is 7.94k since 2022-1-1.
• Most popular day for buying NFTs is a Saturday and the least favourite day is on mid-week, Wednesday.
• As the fees collected on OpenSea are in ETH tokens, about 2350 ETH Tokens tokens collected so far.