Overview

In 2021 the popularity of NFTs exploded and the adoption NFTs were rapidly growth. One reason behind that growth was the launch of marketplaces that offer a good service for users across different blockchains.

OpenSea is the most popular NFT marketplace among all blockchain users built on Ethereum. It is by far more popular than other marketplaces on top of other blockchains not only in terms of number of unique purchasers (users), but also in terms of volume (amount) and number of sales. OpenSea has also launched its feature supporting Polygon utilizing Polygon blockchain.

This dashboard investigated how this is affected the Opensea’s income through fees.

Analytics

Finally, the scatter plot next to this box shows how sales amount correlates with amount earned through Polygon in USD.

We can see that the variation in amount of earned by OpenSea is higher in the greater number of sales per day.

Also the correlation is more significant in the lower number of sales rather the higher number of sales.

Transaction fee generated for OpenSea through Polygon

This section provides an overview of the platform’s fee generated through Polygon.

We can see:

• how the amount of platform fee (in ETH) has changed over time,
• how the amount of platform fee (in USD) has changed over time, and
• how the number of NFT sales on OpenSea through Polygon has changed over time.

We can see that number of NFT sales sharply decreased in Mid February. This decrease in sales has been reflected in fees generated through Polygon.

This section presents how the platform fees on OpenSea through Polygon NFT sales has cumulated.