Introduction and methods

One of the main characteristics of Solana network are the NFTs. Last year, the market growth exponentially and consequently, the number of marketplaces related to NFT to be purchased increased as well.

In thi dashboard we are gonna analyze the distribution of Solana NFT sales. To do that, we will take a look at the percentage of sales above 1 SOL and above 10 SOL. On the other hand, we will take a look at the number of unique wallets that purchased some NFTs above 10SOL and above 100 SOL. FInally, we will investigate about a limit high a floor price for an NFT collection on Solana compared to Ethereum network.

Results

First of all, we will take a look at the distribution of both sales and purchasers by the price of the sales, and we will find some correlation between both metrics. The prices are grouped in different buckets such as:

• Price above 500 SOL
• Between 100 and 500 SOL
• Between 10 and 50 SOL
• Between 5 and 10 SOL
• Between 2 and 5 SOL
• Between 0.5 and 2 SOL
• Below 0.5 SOL

As a results, in terms of purchasers and sales by the price of the sale, the major of them were made in prices below 2 SOL. The major groups have been the ones related to sales below 0.5 SOL followed by the group of sales between 0.5 and 2 SOL.

On the other hand, the correlation between both metrics are clear, there exists a positive correlation between the number of purchasers and the number of sales by each bucket.

In numbers, we can determine that a total of 4.58M of NFTs have been bought s far. Out of these, almost 2M of the NFTs were sold at a price above 1 SOL, representing more than 43% of the total sales. 165.8k of them were sold at a price higher than 10 SOL, representing the 3.63% of the total sales.

In terms of purchasers, there have been a total of 399k distinct purchasers so far on Solana. Among these purchasers, 52.8k have bought some NFT at a price above 10 SOL, representing around 13% of them. Only 0.8% of the purchasers bought some NFTs with a price above 100 SOL.

In this final section, we will take a look at the possible price high floor for an NFT collection on Solana and we will compare with the Ethereum network. In this section, we are gonna compare the daily highest Solana and Ethereum NFT sale price over time, as well as the percentage growth of the daily max price of the NFTs on each network.

In this final charts, we can see how the highest price of the NFTs in both networks increased over time since January 2022. It is to say that the limit high floor is not stablished yet. In the case of Ethereum sales, the price increased a lot during January but stpooed in February until now with a growth around 5000%. However, the Solana highest NFT price sale increase more slowly but it seems that during the last days surpassed the Ethereum growth with more than 6000% of growth since January. Then, it seems like it is less stablished a high floor price for Solana collections rather than for Ethereum collections.

Conclusions

In this dashboard, we have seen the Solana NFT purchase behaviour, showing that the most of the NFTs were sold at a rate price below 2 SOL. It has been determined as well that 43% of the sales had a corresponding price above 1 SOL and 3.62% above 10 SOL. 13% of purchasers bought above 10 SOL and 0.8% above 100 SOL.

On the other hand, it has been studied a possible high floor price for Solana NFT collections and compared with Ethereum network. However, it is determined that there is no an stablished high price for Solana collections right now cause the % growth of the daily highest price for collections increased over time.