The Great Solana Royalty Debate

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    Intriduction

    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.

    On Solana, the low transaction fee helps this growth of NFT market.

    One issue that has been recently raised is about royalty fees. Some new mareketplaces now offers zero royalty fee NFT purchase.

    This may increase interests in trading NFTs. On the other hand can demotivate artists to contribute to the marketplace and decrease the number of mints.

    This dashboard contribute to this discussion.

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    Descriptive Analysis


    Mint Volume

    Graph below shows the mint volume of top collections on Solana.

    transdimentional Fox Federation, Krypto Kronikz and Bubblegoose Ballers are the top collections in terms of mint volume.

    Royalty Volume

    Graph below shows the royalty volume of top collections on Solana.

    Okay Bears, Degen Apes and degods are the top collections in terms of royalty volume.

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    Explanatory Analysis


    Scatter plot below shows how mint volume related to royalty volume. We can see some collections are mint relient and some royalty relient.

    On average Royalty and Mint volume is 49% if the outliers are excluded.