User Activity
Analyze user activity providing and removing liquidity from NFTX vaults. Which three vaults have seen the most activity over the past 60 days? Are there any similarities between these vaults or NFT projects? Explain and visualize your findings.
Let's talk about NFTX
NFTX is a platform for creating liquid markets for illiquid Non-Fungible Tokens (NFTs). Users deposit their NFT into an NFTX vault and mint a fungible ERC20 token (vToken) that represents a claim on a random asset from within the vault. vTokens can also be used to redeem a specific NFT from a vault.
Take a look at the top 3 liquidity stocks based on the total number of deposits Here Milady has the largest market share and the percentages of Goblin and Tubby are close to each other
These charts are based on the top 3 sets of Staking NFT inventory in NFTX. The result is similar to investing in liquidity. And you can see Milady plays the biggest role here as well
Method
There are two types of Liquidity on NFTX.
- Inventory Staking
- Liquidity Staking
I calculated each category separately.
- Inventory Staking:
Provide Liquidity: First, I found Inventory Staking contract address which is 0x3E135c3E981fAe3383A5aE0d323860a34CfAB893.
Then in the same transaction, found the origin from user interacted with the inventory contract. Found transfer token to an nft collection. and after that found the nft contract address that was sent from Ethereum null address. I hard-coded NFT names.
Withdraw Liqduity: Did exact opposite of the previous Method.
- Liqduity Staking:
Providing Liquidity: I found Liqudity staking contract address which is 0x688c3e4658b5367da06fd629e41879beab538e37. Found NFT collection, which is sent from Ethereum null address to user address. Then hard-coded NFT names.
Removing Liquidity: The same method with add liquidity, and I did the exact opposite of that.