Thread by @SorareTools

1/ What is a market index and why does it matter?

Time for a thread 🧵

Simply put, a market index tracks the performance of a chosen group of assets.

In the case of ST Market Data we wanted to understand how various baskets of assets in the #Sorare ecosystem have performed...

2/ We start off by looking at three key metrics:

-Market Cap
-Number of Cards
-Average Valuations

These can be further disaggregated by:
-Sport (Football, NBA, Baseball)
-League (Champion, Challenger, America, Asia)
-Rarity (Limited, Rare, Super Rare, Unique)

3/ Let's do a quick dive into the three key metrics

Market Cap is simply:

ST ETH Valuation x Number of cards for a player

Looking at total market cap, we see the peak of 229,679 ETH (~$283MM) vs. 199,958 ETH (~$250MM) today (-13% ETH/-11.5% USD)

4/ What about number of cards?

This is all cards available through Sorare through:

-1st party auction sales
-So5 rewards
-Referral rewards
-3rd party rewards

As you would imagine, this chart is up and to the right 📈

5/ And finally, what about average card valuation?

This seems like a pretty important metric right?

For all sports, from the peak of ~6.16 ETH to today's average of 4.65 ETH we see a decrease of -24.5% ETH.

6/ For uniques, we see about the same amount of price change (5.51 ETH at the peak and around 4.16 ETH today) with relatively little volatility

7/ For Super Rare, Rare, and Limited we see much more volatility over time and sharper decreases in value from their peaks to today...

8/ This is just a small sampling of ways to look at Market Data, and we plan to roll out even more features to track your performance against the broader Sorare market.

9/ If you liked these tweets please give us a follow and sign up for our portfolio tracker at soraretools.com

10/ As always if you have questions, comments, or additional features you'd like to see please reach out!