Introduction and methods

NFTX is a platform for creating liquid markets for illiquid Non-Fungible Tokens (NFTs), where 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.

It provides several benefits and advantages with any other NFT rpojects like a better distribution and price discovery for the NFT collections, as well as an increase on the NFT liquidity, etc.

In this dashboard we are gonna see the top 3 NFTX vaults with the most activity over the past 60 days. To track the activity we will consider the following metrics:

• Number of stakers
• Number of NFTs movements
• Number of actions

Results

Taking into all of these metrics, we can see similar trends in all of the cases. On the one hand, the number og stakers are not too high. In fact, there are days where any user stakes NFTs. It is clear that the most popular collection has been Milady. On the other hand, taking into account the NFTs sales (I have considered this variable because several NFTs can be staked in a single transaction), we can see how again Milady has been the most common one. In this case, Gunslingers had a good action in May 7th where 45 NFTs were staked in only 2 transactions. Finally, regarding the number of actions per collecton, we can see again the dominance of Milady.

If we take into account which have been the top 3 NFTX vaults in a global manner, we can say that Milady, Good Guys and ForgottenRUnesWizardsCult have been the most popular ones.

Regarding its activity, we can see how putting staking and unstaking actions all toggether, Milady represents more than 78% of the total actions, with 122 unique actions, while the other collections represent around 10% each. In fact, in the second chart we can see the number of actions per collections and the net actions. It has been a clear difference between Milady and the rest of the collections.

Finally, regarding the amount of NFTs staked, the numbers are also similar. In this case, the difference between Milady and the other collections become mroe prominent. In this case, the net actions tends to be more positive.

Conclusions and key insights

In this dashboard we have explored the most common vaults in terms of activity. We have concluded that the most important collections over the past 60 days have been: Milady, Good Guys and FrgottenRunesWizardsCult. The analysis concluded that there has been a clear difference between Milady activity and the rest of the vaults.