Footprint AnalyticsAfter its Airdrop, Where Does Blur Stand in the Market?
One year ago, the volume of NFT transactions going through aggregators began to snowball, even exceeding the volume going directly through marketplace platforms at times. While aggregator usage declined from October to January, Blur.io has since exploded in popularity in 2023, even engaging in a public confrontation with OpenSea over royalties. This month, Blur overtook OpenSea in transaction volume and had a massive airdrop event.Blur Aggregator Trading Volume vs. Marketplaces Footprint Anal...
Footprint AnalyticsGrowthly Quest Tools Now Free and Open to All Web3 Projects
Author: Stella L (stella@footprint.network) Footprint Analytics is excited to announce that Growthly, our intuitive no-code viral Quest solution, is now open to all Web3 projects! For a** limited time**, we’re offering free access to Growthly’s Quest H5, SDK, and mini apps to help projects boost user acquisition and retention through engaging, gamified experiences.Why Growthly?Growthly has already demonstrated remarkable success in the Web3 space, powering projects like Ton.AI to achieve over...
Footprint AnalyticsWhat is the Element NFT marketplace and NFT aggregation?
Oct. 2022, Vincy Data Source: Footprint Analytics — Element NFT Marketplace NFT marketplace Element was launched on July 1, 2021 as a solution to the problem of fluctuating interest rates on most DeFi programs and the liquidity of the principal after user deposits. On August 15, the platform officially launched its version** **2.0, which faces a different sector than the original version. Now, the platform calls itself the first community-driven decentralized NFT aggregation marketplace. This...
Footprint Analytics is a comprehensive blockchain data analytics platform that simplifies analysis and community management for sustainable
Footprint AnalyticsAfter its Airdrop, Where Does Blur Stand in the Market?
One year ago, the volume of NFT transactions going through aggregators began to snowball, even exceeding the volume going directly through marketplace platforms at times. While aggregator usage declined from October to January, Blur.io has since exploded in popularity in 2023, even engaging in a public confrontation with OpenSea over royalties. This month, Blur overtook OpenSea in transaction volume and had a massive airdrop event.Blur Aggregator Trading Volume vs. Marketplaces Footprint Anal...
Footprint AnalyticsGrowthly Quest Tools Now Free and Open to All Web3 Projects
Author: Stella L (stella@footprint.network) Footprint Analytics is excited to announce that Growthly, our intuitive no-code viral Quest solution, is now open to all Web3 projects! For a** limited time**, we’re offering free access to Growthly’s Quest H5, SDK, and mini apps to help projects boost user acquisition and retention through engaging, gamified experiences.Why Growthly?Growthly has already demonstrated remarkable success in the Web3 space, powering projects like Ton.AI to achieve over...
Footprint AnalyticsWhat is the Element NFT marketplace and NFT aggregation?
Oct. 2022, Vincy Data Source: Footprint Analytics — Element NFT Marketplace NFT marketplace Element was launched on July 1, 2021 as a solution to the problem of fluctuating interest rates on most DeFi programs and the liquidity of the principal after user deposits. On August 15, the platform officially launched its version** **2.0, which faces a different sector than the original version. Now, the platform calls itself the first community-driven decentralized NFT aggregation marketplace. This...
Share Dialog
Share Dialog
Footprint Analytics is a comprehensive blockchain data analytics platform that simplifies analysis and community management for sustainable
Subscribe to Footprint Analytics
Subscribe to Footprint Analytics
Sept. 13, 2022, Daniel
Data Source: October 2022 NFT Report (ENG)
October was a relatively sleepy month for blockchain, with no enormous market swings, project launches or funding rounds. The NFT market continues to stagnate since the late summer as macro conditions remain tough.
Starting from last month’s report, Footprint Analytics has begun incorporating and refining its wash trading filters and analysis. As the market has cooled off, there has been significantly less wash trading than at the height of the market, but it still remains a problem for accurately assessing the industry.
Overall Market
The total market cap of the NFT sector increased 9.7% from $643B to $706B.
However, the total number of NFT transactions had a sharp decline from 5.3M to 3.7M.
The total number of NFT holders increased from 17.2M to 19.2M in October.
The buyer-to-seller ratio increased in October, reaching 0.89 (89 buyers for every 100 sellers).
The last time there were more buyers than sellers was in May, when there were 545,531 buyers and 514,442 sellers.
Volume across NFT marketplaces declined by 24.9% MoM.
Financing & Investment
The number of funding rounds in the NFT space decreased by from 12 to 9, whereas the number of rounds in the blockchain space overall declined by 25% MoM (from 95 to 71)
The majority of funding rounds were seed rounds.
It becomes increasingly difficult to separate NFT projects from others and analyze the category in a clean vacuum, as Web3, GameFi and infrastructure increasingly converge with NFTs. For example, the top project by funding, Stardust, can be classified as both an NFT and a gaming project.
Marketplaces & Chains
Wash trading continues to be an obstacle in assessing the NFT market. However, it is significantly lower than what it was at the height of the market in January to April.
Ethereum still makes up the majority of NFT trading volume, but the total number of transactions are split nearly evenly with Solana.
Collections Overview
Meebits, Terraforms by Mathcastles, and Dreadfulz were the three most highly traded collections by volume in October. Their suspected wash trading amounts were 94%, 98% and 89%, respectively. Note: These are percentages of total trade volume, not total trades.
Blue Chip NFT collections BAYC and CyptoPunks saw almost no change in the amount of trading volume from September to October.
In October, the amount of volume in the NFT sector decreased along with transactions, while the overall market cap increased.
NFT Market Cap & Volume (Oct. Report)
The ratio of buyers to sellers continues to shift upwards. In summer, the ratio severely favored buyers, driving down the prices of NFTs, but this began to re-balance in September and continued up in October.
Buyers/Sellers Ratio October Report
The number of fundraising rounds in the blockchain industry contracted across all categories, with the number of NFT funding rounds now in the single digits.
Investment by Category (Oct. NFT Report)
At the beginning of 2022, wash trading was a major percentage of total NFT trading. It has since gone down. Chains other than Ethereum still face an uphill battle in gaining NFT projects and communities.
NFT Volume by Platform (with Wash Trading Filtered)
The top 3 collections by volume in October were Dreadfulz, Terraforms by Mathcastles, and More Loot. The percentage of wash trading for each collection was 90%, 92%, 93%, respectively.
Top 10 Collections by Volume (October Report)
Wash Trade Stats of Selected Collections (Preview)
Blue chip collections tend to be a good bellwether of the NFT market since they don’t experience wash trading. There has been very little change from September to October for either CryptoPunks or BAYC.
This piece is contributed by Footprint Analytics community.
The Footprint Community is a place where data and crypto enthusiasts worldwide help each other understand and gain insights about Web3, the metaverse, DeFi, GameFi, or any other area of the fledgling world of blockchain. Here you’ll find active, diverse voices supporting each other and driving the community forward.
*Footprint Website: *https://www.footprint.network
*Discord: *https://discord.gg/3HYaR6USM7
*Twitter: *https://twitter.com/Footprint_Data
Sept. 13, 2022, Daniel
Data Source: October 2022 NFT Report (ENG)
October was a relatively sleepy month for blockchain, with no enormous market swings, project launches or funding rounds. The NFT market continues to stagnate since the late summer as macro conditions remain tough.
Starting from last month’s report, Footprint Analytics has begun incorporating and refining its wash trading filters and analysis. As the market has cooled off, there has been significantly less wash trading than at the height of the market, but it still remains a problem for accurately assessing the industry.
Overall Market
The total market cap of the NFT sector increased 9.7% from $643B to $706B.
However, the total number of NFT transactions had a sharp decline from 5.3M to 3.7M.
The total number of NFT holders increased from 17.2M to 19.2M in October.
The buyer-to-seller ratio increased in October, reaching 0.89 (89 buyers for every 100 sellers).
The last time there were more buyers than sellers was in May, when there were 545,531 buyers and 514,442 sellers.
Volume across NFT marketplaces declined by 24.9% MoM.
Financing & Investment
The number of funding rounds in the NFT space decreased by from 12 to 9, whereas the number of rounds in the blockchain space overall declined by 25% MoM (from 95 to 71)
The majority of funding rounds were seed rounds.
It becomes increasingly difficult to separate NFT projects from others and analyze the category in a clean vacuum, as Web3, GameFi and infrastructure increasingly converge with NFTs. For example, the top project by funding, Stardust, can be classified as both an NFT and a gaming project.
Marketplaces & Chains
Wash trading continues to be an obstacle in assessing the NFT market. However, it is significantly lower than what it was at the height of the market in January to April.
Ethereum still makes up the majority of NFT trading volume, but the total number of transactions are split nearly evenly with Solana.
Collections Overview
Meebits, Terraforms by Mathcastles, and Dreadfulz were the three most highly traded collections by volume in October. Their suspected wash trading amounts were 94%, 98% and 89%, respectively. Note: These are percentages of total trade volume, not total trades.
Blue Chip NFT collections BAYC and CyptoPunks saw almost no change in the amount of trading volume from September to October.
In October, the amount of volume in the NFT sector decreased along with transactions, while the overall market cap increased.
NFT Market Cap & Volume (Oct. Report)
The ratio of buyers to sellers continues to shift upwards. In summer, the ratio severely favored buyers, driving down the prices of NFTs, but this began to re-balance in September and continued up in October.
Buyers/Sellers Ratio October Report
The number of fundraising rounds in the blockchain industry contracted across all categories, with the number of NFT funding rounds now in the single digits.
Investment by Category (Oct. NFT Report)
At the beginning of 2022, wash trading was a major percentage of total NFT trading. It has since gone down. Chains other than Ethereum still face an uphill battle in gaining NFT projects and communities.
NFT Volume by Platform (with Wash Trading Filtered)
The top 3 collections by volume in October were Dreadfulz, Terraforms by Mathcastles, and More Loot. The percentage of wash trading for each collection was 90%, 92%, 93%, respectively.
Top 10 Collections by Volume (October Report)
Wash Trade Stats of Selected Collections (Preview)
Blue chip collections tend to be a good bellwether of the NFT market since they don’t experience wash trading. There has been very little change from September to October for either CryptoPunks or BAYC.
This piece is contributed by Footprint Analytics community.
The Footprint Community is a place where data and crypto enthusiasts worldwide help each other understand and gain insights about Web3, the metaverse, DeFi, GameFi, or any other area of the fledgling world of blockchain. Here you’ll find active, diverse voices supporting each other and driving the community forward.
*Footprint Website: *https://www.footprint.network
*Discord: *https://discord.gg/3HYaR6USM7
*Twitter: *https://twitter.com/Footprint_Data
<100 subscribers
<100 subscribers
No activity yet