Solana is competing for acquire a top NFT aggregator system. Two of the top aggregators now are Hyperspace and CoralCube.

• Hyperspace is a trading platform offering Solana NFT and NFT flex information and services. In moving to a more focused NFT trading strategy, Hyperspace has created a new NFT market aggregator integrated into the Solana NFT analytics dashboard of its previous version. This will allow its users to buy NFT from all of Solana's major NFT markets. The review site will also feature an NFT launch pad that will be used to showcase new NFT collections on the Solana blockchain.

• CoralCube is an NFT marketplace and aggregator that aims to highlight three columns of web3 in the context of NFTs: Easy and seamless access to digital content on the Solana blockchain and interactions with NFT marketplaces on the blockchain, Transparency with respect to NFT ownership and credentials. These three elements will ultimately lower the technological and economic barriers for new players to enter competition and minimise the emergence of monopolies.

One of the main assumption is that being two of the most popular NFT aggregators on Solana, they list all NFTs across different marketplaces along with allowing listings on their own marketplace.

The idea of this dashboard is to analyze different KPIs of each platform and compare it between them.

To do so, the main metrics to be analyzed are:

• Number of sales, distribution over time, contribution of each aggregator
• Number of buyers, distribution over time, contribution of each aggregator
• Number of sellers, distribution over time, contribution of each aggregator
• Volume evolution, distribution over time, contribution of each aggregator
• Average NFT price and 7-day MA
• Top NFT collections per platform

All the metrics have been computed over the past 30 days

Sales KPIs

Looking at the number of sales, we can see how Coral Cube has been more sales than Hyperspace. In fact, it had a super spike during the mid of October when the amount of sales increased from less than 2k to around 8k being multiplied by 4. However, the Hyperspace sales has not been moved so much. In terms of percentages, we can see how during the first days, similar distribution of sales were done but since October, the situation started to change and Coral Cube gain power against Hyperspace. reaching more than 90% of the sales. Now, it seems that the sales on Coral Cube are decreasing again and Hyperspace are gaining percentage.

Considering the last month, a total of 80k sales has been done on Coral Cube while less than 11k in Hyperspace, representing 88 and 12% of the sales respectively.

Looking at the number of buyers, we can see how Coral Cube has been more sales than Hyperspace even the initial and final trends and numbers were similar.

In fact, it had an spike during the mid of October when the amount of buyers increased from 500 to more than 2.5k being multiplied by 5. However, the Hyperspace sales has not been moved so much. The distribution of Coral Cube has been higher than in Hyperspace ranging betweeen 60 and 90%.

Considering the last month, a total of 33k buyers has been active on Coral Cube while 6k in Hyperspace, representing 84 and 16% of the sales respectively.

Looking at the number of sellers, we can see how Coral Cube has been more sales than Hyperspace. In fact, it had a super spike during the mid of October when the amount of sellers increased from less than 500k to around 3.5k being multiplied by 7. However, the Hyperspace sales has not been moved so much. In terms of percentages, we can see how Coral Cube had around 80% over time since the past month.

Considering the last month, a total of 31k sales has been done on Coral Cube while less than 6k in Hyperspace, representing 85 and 15% of the sales respectively.

Looking at the volume of SOL sold, we can see how in this case we had two situations. During the first days, Hyperspace had higher amount of volume in sales. But, Coral Cube had a super spike during the mid of October when the amount of volume increased. Then, the situation was similar as previous days.

In terms of percentages, we can see how during the first days, similar distribution of volume were done but since October, the situation started to change and Coral Cube gain power against Hyperspace, reaching more than 90% of the v.olume Now, it seems that the volume on Coral Cube are decreasing again and Hyperspace are gaining percentage and surpassed again Coral Cube, reaching around 80% of the total volume.

Considering the last month, a total of 100k SOL were sold on Coral Cube while less than 65k in Hyperspace, representing 61 and 39% of the sales respectively.

Finally, looking at the NFT prices, we can see how in this case, the average NFT price on Hyperspace has been higher than in CoralCube. In fact, it has been increassing over time while in Coral Cube remained steady between 0.5 and 2 SOL. Now, in Hyperspace the average is higher than 5.

Something similar is occuring with the avergae price 7-day moving average, whike for Hyperspace is increasing constanlty day by day, for Coral Cube seems to be similar all the time.

• Which marketplace has done more volume?
  • Looking at the volume of SOL sold, we can see how in this case we had two situations. During the first days, Hyperspace had higher amount of volume in sales. But, Coral Cube had a super spike during the mid of October when the amount of volume increased. Then, the situation was similar as previous days.
  • Considering the last month, a total of 100k SOL were sold on Coral Cube while less than 65k in Hyperspace, representing 61 and 39% of the sales respectively.
• Which collections are popular on each marketplace?
  • Degods, ABC, Blockasset, Degen APes, Pen Frens, Degen Sweepers, So Dead, Communi3, Blockcsmith and Nekozuma for Hyperspace
  • Trippin Ape, Great Goats, Communi3, Just Ape, Kings of Da Street, Bubbglegoose, Okay Bears, Primates, Vandal City and Yeah Tigers for Coral Cube
• Why would I use one marketplace over the other?
  • In terms of NFT activity metric, it seems that Coral Cube has registered more activity over the past days, being more consolidated. As well, we can see how the average NFT price is lower than in Hyperspace, what looks better for buyers.
• Are there any noticeable market trends between the marketplaces, especially after Solana marketplaces moved to a 0% creator royalty?

  • We have seen how the activity on Coral Cube spiked during the middle of October just after this announcement, but Hyperspace seems to not be affected so much.

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Overview

Methodology

Buyers KPIs

Sellers KPIs

Volume KPIs

NFT price KPIs

Key insights

Top NFT collections per platform

Hyperspace

Coral Cube