An analysis of over 7 million NFT transactions

Hi everyone. The Moonstream.to team just released a paper on the Ethereum NFT market.

Our analysis involved over 7 million NFT transactions that took place on the Ethereum blockchain between April 1, 2021 and September 25, 2021, across over 700,000 accounts.

We discovered that the top 16.71% of NFT owners control 80.98% of NFTs. This isn’t so different from traditional markets. 🙂

We also discovered a formula to distinguish utility tokens from security tokens. Utility tokens (like the Ethereum Name Service) come with concrete external functionality. Security tokens are usually purchased purely as investments.

The full report is available on GitHub: https://github.com/bugout-dev/moonstream/blob/main/datasets/nfts/papers/ethereum-nfts.pdf

The dataset is available on Kaggle: https://www.kaggle.com/simiotic/ethereum-nfts

We also have a public Kaggle notebook on which we ran our analysis: https://www.kaggle.com/simiotic/ethereum-nft-analysis

Tell us what you think!