NBA Playoff Usage
Analyze the start of the NBA playoffs (mid-April) and determine whether it had an impact on Flow transaction volume. What about NBA Top Shots?
Flow is a blockchain designed to function with high scalability without using sharding techniques. With this, users on the blockchain can carry out cheap and fast transactions. The blockchain was designed explicitly for dApps that need a very high scaling like NFT platforms. Crypto play to earn games have also tapped into the usage of the blockchain, providing its users with a swift gaming experience. Dapper Labs created the blockchain after a few issues surrounding congestion on its previous blockchain, Ethereum. The blockchain now hosts an array of crypto games, including the NBA Top Shot, a game that its parent company developed. Developers who intend to create dApps can also tap the blockchain due to its high scalability and swift performance
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Daily Total Transactions on Flow
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Daily Transaction Volume by Token
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Daily Volume Sold In NBA TopShots
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Daily Total NBA TopShot Sales
If we look at the first graph we can see that the total daily transactions on Flow were trending upwards from the middle of April when the NBA playoffs started to around mid June when the NBA playoffs ended, so from this first graph it appears that the NBA Playoff had a direct effect on how many people were using Flow as after they ended the amount of transactions on Flow dropped back down. If we look at the next graph we can see the volume daily of transactions on Flow, from this there is a different story as the transaction volume remains low on most days but then spikes every once and a while, from this perspective it seems that the volume was not directly affected by the NBA Playoffs, although there was a big spike at the start of them in mid april so that could possibly be affecting them. I also think it's possible that these spikes represent the beginning of each new round of playoffs and that is why there has been a spike in volume these days. Now if we move onto NBA TopShots we can see that both the overall sales and the sales volume has been decreasing over time, it seems that at the start of the playoffs users were more interested but as time has gone on users have been buying less and less of them.
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The total transactions daily on Flow have been increasing since the start of the NBA Playoffs.
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The volume of transactions, and the Sales and sale volume of NBA TopShots have been trending downwards since the start of the NBA playoffs.