NFTx - Highest Sales Volume

    Which 3 NFT collections have the most total sales volume in the last 60 days on NFTX? These are transactions where someone redeems their NFTX tokens for a specific NFT

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    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.
    • NFTx website
    • NFTx Docs
    Benefits include:
    • LP and stake minted vTokens to earn yield rewards
    • Better distribution and price discovery for NFT projects
    • Instantly sell any NFT by minting it as an ERC20 and swapping via Sushiswap
    • Increased liquidity for NFT investors and speculators

    Description of work:

    • In this Bounties we want to:
      • Calculation NFTx sales volume in the last 60 days
      • Top 3 NFT collections have the most total sales volume in the last 60 days on NFTX

    Note:

    • Some of the NFTx sales records (93 record for 14 unique nft_address) in the [ez_nft_sales] table have the field price_usd = 0 while the transaction was successful. We assume that these records have the value price_usd = 0 valid for them

    1 ---> NFTx sales volume in the last 60 days

    • To address this section:
      • We use the [ethereum] schema and [ethereum.core.ez_nft_sales] table
      • To get sales volume and number of sales in the last 60 days in NFTx, we use [platform_name = 'nftx'] and [block_timestamp :: date> = current_date - 60] filters
      • For better comparison and analysis, we calculate the total number of sales over the last 60 days, the volume of sales over the last 60 days, and the unique number of NFTs sold on NFTx over the last 60 days.
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    The chart above shows the sales volume (blue) and the number of sales (red) daily. According to the results, it can be seen that:

    • The highest sales volume is for May 13, 2022, Apr 22, 2022 and Apr 29, 2022, respectively
    • On May 13, 2022, the highest sales volume is observed, while this sales volume was only for 2 transactions. This happened for Apr 22, 2022 and Apr 29, 2022, which have the highest sales volume with one transaction.
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    The charts above show the number of sales and sales volume based on the NFT address. According to the charts, it can be seen that:

    • NFT address 0x5af0d9827e0c53e4799bb226655a1de152a425a5 (milady NFT collection), has the highest number of sales and sales volume

    2 ---> Top 3 NFT collections have the most total sales volume in the last 60 days on NFTX

      • To address this section:
      • We use the [ethereum] schema and [ethereum.core.ez_nft_sales] table
      • To get sales volume in the last 60 days in NFTx, we use [platform_name = 'nftx'] and [block_timestamp :: date> = current_date - 60] filters
      • Finally, we get the Top 3 NFT based on the highest sales volume
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    The charts above show the top 3 NFT sets with the highest sales volume (USD) in last 60 days. According to the results, it can be seen that:

    • milady with 3384010.06$ (14.93% of the total sales volume of the last 60 days) has the highest sales volume. After that, doodles have the highest sales volume with 3099358.34 (13.67% of the total sales volume of the last 60 days) and finally boredapeyachtclub with 2287845.03 (10.09% of the total sales volume of the last 60 days) has the highest sales volume.

    • Interestingly, boredapeyachtclub is the third best-selling NFT with a sales volume of 2287845.03$, but has had this volume of sales in only 7 transactions. Also for doodles, which is the second best-selling NFT with a sales volume of 3099358.34$, it has been done only in 72 transactions

      • We tracked 7 boredapeyachtclub transactions in the last 60 days in the [ethereum.core.ez_nft_sales] table and the etherscan site and found some interesting points:
        • Address [0x930af7923b8b5f8d3461ad1999ceeb8a62884b19] (BUYER_ADDRESS) in a transaction of 4 different NFTs from the boredapeyachtclub suite for 1,350,647.82$. etherscan
    • milady NFT collection

    • doodles NFT collection

    • boredapeyachtclub NFT collection