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    Solana NFT Project Feature

    Choose a NFT project from the following list and create a dashboard with the new Flipside dashboard layout that can refresh once a day highlighting at least 4 metrics of your choosing that helps show the "health" of the project. Note any noticeable trends or current events for the project. Highlight how liquidity is flowing in and out of the project and what types of buyers and sellers are interacting with the project.

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    Solana NFT Project Feature

    Introduction: Solana is an EVM compatible layer 1 blockchain with smart contracting functionality and is known for speed and high throughput. During crypto bull market in 2020-2021 during COVID, Solana NFTs became highly adopted and close competitor to Ethereum. The purpose of this dashboard is to allow the user to analyze multiple popular NFT projects on Solana.

    Method:

    • Instead of picking 1 Solana NFT project to analyze, Flipside’s “parameter” feature was utilized so user can select amongst a list of NFT projects to look at and compare metrics
    • The project parameter lists all available projects listed in the bounty that are also listed as a project_name in the solana.core.dim_nft_metadata table.
    • The commission rate is adjustable since they vary by project and is used in the commission metrics below.
    • NFT Mints were taken from the solana.core.fact_nft_mints table and sales from the solana.core.fact_nft_sales table.
    • Data underlying dashboard is scheduled to refresh daily.
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    Purpose of this metric is to track secondary sales volume over time to see whether people are HODL’ing NFTs or flipping them.

    Purpose of median price over time is to see whether the value of the project’s individual NFTs are growing over time. One caveat is this is measured in SOL, but SOL/USD varies over time, which impact NFT value in $USD.

    Purpose of this is to track daily sales activity, which can be helpful when a project does promotional events or marketing campaigns then can see if there are spikes in sales.

    Purpose of this is to see the total money made by the project as a result of commissions from secondary sales.

    This chart shows the daily number of wallets who purchased their first NFT for the project. The purpose is to see whether new wallets are being brought into the project or if they’re the same people.

    This chart shows the percentage of sellers who were a minter. The purpose is to see whether the only people selling are those who got in early and just continually flip.

    Conclusion:

    • Overall, it doesn’t look like many new users are entering NFT projects right now.
    • NFT sales data only dates back to December 2021, so don’t have mint data for many projects.
    • Stoned Ape Crew had a massive December with of 3k number of sales, but has average < 500/mth since.
    • Blocksmith Labs had high sales in the beginning, but has tapered off while the median sale of NFTs in $SOL has increased over time.
    • Solana Monkey Business had a massive day with over 60k $SOL in NFT sales on May 7th.
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    This chart shows the number of distinct buyers / # of distinct sellers every day. The purpose is to see whether there are spikes in a couple of buyer or sellers taking over the market.