Thread by @daic_capital

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: