1/15
The #LUNAtics are on 🔥🔥🔥 and want to see some #NFT on-chain analysis, so we decided to publish a new one about the NFT-ecosystem on the #Terra blockchain.
We hope you ❤️ it!
2/15
▶️Overall Picture about #NFT transactions on #terraluna.
(We analyse all listed NFTs on @randomearth_io)
After the launch of @galactic_punks in early October 2021 we saw the ATH of 44479 on-chain #NFT transactions on 2021/10/10.
In total, 1,033,127 transactions were done!
3/15
▶️Let's have a closer look on the different #TerraNFTs.
Which project is responsible for the most transactions? We made the ranking!
🥇 @galactic_punks (11.9% of all txs)
🥈 @STYLLARNFT (9.6% of all txs)
🥉 @LunaBulls (8.8% of all txs)
4/15
❓ But why do some of the projects perform better? (based on transactions)
➡️ The minting and total NFT amount is driving this metric.
➡️ In general: Most transactions happen on the minting day (mints & transfers)
‼️After that, the daily tx count is converging to 0.
5/15
▶️ Not only transactions matter! Users matter!
Let's have a look on the unique addresses which interact with #TerraNFTs
In total 238,557 unique addresses on #Terra interacted with NFTs ‼️
1,622 unique addresses are interacting with NFTs every day! (7day SMA).
6/15
▶️@randomearth_io analysis - trading volume
Which project created the highest trading volume?
🥇 @galactic_punks (591,375.48 $LUNA 61.7%)
🥈 @LunaBulls (94,613.93 $LUNA 9.9%)
🥉 @terrawhales (43,107.55 $LUNA 4.5%)
Total volume @randomearth_io: 958,434.75 $LUNA
7/15
▶️@randomearth_io analysis - transactions
Since 5 October, 1,105,579 transactions interacted with the smart contract of the marketplace.
🥳🥳🥳
‼️ Especially in the last week we can see rising interactions
8/15
▶️@randomearth_io analysis - unique users
In total, 215,676 unique addresses interacted with the
@randomearth_io smart contract. 👏👏
2,446 unique addresses are using randomearth.io each day (7 day SMA).
9/15
Still one of the biggest competitors for Terra #NFTs and @randomearth_io - ETH & @opensea
Since 5th October, opensea.io had in total (on the #eth chain):
6,124,002 transactions
that's
58,323 transactions/day
10/15
@opensea gained a lot of traction in the last weeks. Daily transactions reached an ATH of 152,855 on 2022/01/09.
@randomearth_io shows strength, but can't close the gap.
11/15
How are #NFT platforms doing on other chains?
Here are some stats from @DappRadar about unique users in the last 30 days.
@opensea : 401k
@MagicEden_NFT: 213k
Atomic Market: 213k
@SolanartNFT : 61k
@randomearth_io : 44.4k
@objktcom : 19.4k
12/15
Now compare the platforms in total transactions (data again from @DappRadar)
@opensea : 2.27mio
@MagicEden_NFT: 5.97mio
Atomic Market: 15.76mio
@SolanartNFT : 0.49mio
@randomearth_io : 0.24mio
@objktcom : 0.32mio
Wow, there is something going on WAX&EOS...
13/15
▶️ Conclusion I
We see, that the NFT hype on Terra slowed down.
#LUNAtics still use NFTs and @randomearth_io daily and probably we saw the bottom.
Special congratulations to the NFT OGs @galactic_punks! 🥳🥳
You rock all metrics!
14/15
▶️ Conclusion II
It seems, the NFT hype is much stronger on other chains. Terra needs to close this gap soon.
New, innovative projects are needed to attract new users.
15/15
Hope you enjoyed our on-chain analysis about #NFTs on Terra!
If you do so, give us a ❤️ and share!
We would also love to hear your comments, questions, ...!
Also: Check our NFT Tracker:
nft-tracker.daic.capital
Sorry, the x-axis of this chart was wrong...
This chart is the correct one:
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