Introduction:
Welcome to this comprehensive analytics dashboard that will explore the trading behavior of NFT traders on the FLOW platform over the last 90 days. The FLOW blockchain has emerged as one of the leading platforms for NFT trading due to its high transaction throughput and low fees, making it an attractive option for both buyers and sellers.
In this dashboard, we will analyze data from a variety of metrics to gain insights into the behavior and patterns of NFT traders on FLOW. Initially, we will examine all NFT traders on the platform and explore key metrics such as trading volume, frequency of trades, most commonly traded projects, and the distribution of trades across different price points.
Then, we will shift our focus to the top 10 NFT traders on FLOW and analyze how their behavior differs from the rest of the traders. By exploring factors such as their trading volume, frequency, and average trade size, we can identify what sets them apart and what strategies they are employing to achieve their success.
Finally, we will dive into the top 500 traders on the platform and gain insights into the projects they are trading and at what times they tend to trade. By analyzing this data, we can potentially reveal patterns that these traders are employing in their strategies, such as trading specific projects during certain times of the day or week.
Overall, this dashboard will provide valuable insights into the world of NFT trading on the FLOW platform and help traders make more informed decisions in their own trading activities. With a deep understanding of the behavior and patterns of NFT traders on FLOW, traders can gain a competitive advantage and increase their chances of success in this dynamic and rapidly evolving market.
Definitions:
What is Flow
The Flow playground, launched in 2020, allows developers to create and trade a particular type of digital asset called a non-fungible token (NFT). An NFT is like other crypto assets in how it can be bought, sold and exchanged over the internet without a middleman.
What are NFTs
Non-fungible tokens (NFTs) are assets that have been tokenized via a blockchain. They are assigned unique identification codes and metadata that distinguish them from other tokens. NFTs can be traded and exchanged for money, cryptocurrencies, or other NFTs—it all depends on the value the market and owners have placed on them. For instance, you could use an exchange to create a token for an image of a banana. Some people might pay millions for the NFT, while others might think it worthless.