What is Optimism?

Optimism (OP) is a cryptocurrency network that has tasked itself with solving the Ethereum (ETH) blockchains scalability problem by rolling up transactions into batches to reduce the fees paid by users in the process.

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Metrics:

1. Top 10 NFT Projects On Optimism by Total Sales Volume
2. Top 10 NFT Projects On Optimism by Percentage of Total Sales Volume
3. Daily Sales Volume by Top 10 NFT Projects by Total Sales Volume
4. Top 10 NFT Projects On Optimism by Total Sales
5. Top 10 NFT Projects On Optimism by Percentage of Total Sales
6. Daily Sales by Top 10 NFT Projects by Total Sales Volume
7. Average Optimism NFT Sales Price
8. Average NFT Sales Price by NFT Project
9. NFT Sales Price Distribution
10. Daily NFT Sales Volume on Optimism
11. Daily Total Sales, Unique Sellers, and Unique Buyers
12. Total NFT Sales Volume on Optimism in USD
13. Total NFT Sales on Optimism

Analysis:

If we look at the first graph at the top we can see much of the same trend we saw earlier with many days that have little to know volume followed by a few that have spikes that tend to be in the area of 300 USD. If we move onto the graph in the bottom left we can see the top 10 NFT projects on Optimism by total volume sold, the largest by a significant margin is optipunk with over 1500 USD in sales the second largest apetimism has around 320 USD in volume only about 1/5 that of optipink, after that it appears many of the projects have similar volume in sales at anywhere from 30-80 USD. If we move to the right we can see this same metric but broken down by percentages as you can see Optipunk makes up the majority of the volume of the top 10 most popular NFTs, and the top 3 NFTs make up over 80% of all volume sold by the top 10 NFT projects on Optimism.

Analysis:

If we look at the graph at the top we can once again see many of the same trend we saw earlier with very few sales and a stoppage of sales on June 30th all the way to July 30th, an entire month of no NFT sales on Optimism. If we move onto the graph in the bottom left we can see the top 10 projects by total sales, the largest of these is mirror which has 29 sales. Optipunk which is the largest by sales volume only has sold 7 of these NFT on the secondary market highlighting that these NFTs must be more expensive than the others that have seen a larger amount of total sales. If we move onto the final metric in this section on the right we can see this broken down by percentages as you can see there is a much more equal distrubution here than with the total sales volume, many different projects have seen similar amounts of sales but all remain pretty low overall.

Analysis:

First lets draw our attention to the metric in the top right corner, which shows that the average price for an NFT on Optimism is 100.8 USD. Now lets move onto how this breaks down if we look at the metric in the top left we can see the average sales price of NFTs by project, the most expensive project is optipunk at an average of about 220 USD per NFT the second most expensive is apetimism at an average sales price of 160 USD. These two NFTs also happen be the largest in terms of volume sold highlighting that there price is what drive the volume not the number of sales. After these two NFT the price drops majorly with many of the other NFTs being much cheaper in comparison. If we move onto the final metric in this section directly to the left we can see the distribution of NFT sales by price, the wide majority of NFTs on Optimism have been sold between 0 and 25 USD highlighting the cheaper NFTs are much more common. As we move onto high price we can see that there are only a few NFTs that have been sold at each of these price.

Conclusion:

1. The most popular NFT on Optimism by total sales Volume is Optipunk.
2. The most popular NFT on Optimism by total sales is Mirror.
3. The most expensive NFTs by average price are Optipunk and Apetimism.
4. The majority of NFTs on Optimism have sold for between 0 and 25 USD.
5. There are no NFT sales from June 30th to July 30th of 2022.
6. Very little volume in NFTs has been sold and very little NFTs have been sold on the secondary market highlighting that Optimism still has a lot of room to grow in the NFT space.

Analysis:

If we look at the first graph in the top left corner we can see that NFT sales on Optimism tend to be pretty low on the first few days they were anywhere from 10-20 USD after that there were a few spikes that saw volume of over 300 USD but nothing much more than that, following this there was a large period with no sales volume at all until recently where it has started back up again at anywhere from 15-350 USD in sales daily highlighting that it has really been all over the place. The total sales volume which can be seen in the top right corner is 2530. Moving onto the graph in the bottom left hand corner we can see that there are anywhere from 2-9 NFTs sold daily although there tends to be around 5 daily, the total NFTs that have been sold on Optimism is 160. It appears that the NFT scene has really just begun and has a lot of room for growth into the future.