WAX Block Analysis: Top 10 WAX Marketplaces in the Last 30 Days
Introduction
The WAX blockchain is a dedicated platform for decentralized applications (DApps), and non-fungible tokens (NFTs). It offers a fast, secure, and user-friendly experience for developers and users alike. WAX has a growing ecosystem of DApps, including games, marketplaces, and utilities.
This analysis will focus on the top 10 marketplaces on WAX in the last 30 days, as of November 14, 2022 — 3:30 UTC. We will examine their trading volume, unique wallet addresses, and other key metrics to gain insights into the WAX NFT market. This data is gotten from the Fastest WAX Block Explorer and Wallet (bloks.io).
Key Findings
- AtomicHub is the dominant marketplace on WAX, with over $1 million in trading volume in the last 30 days. It also has the most unique wallet addresses, at over 33,000.
- NeftyBlocks is the second-largest marketplace on WAX, with over $100,000 in trading volume and over 8,000 unique wallet addresses.
- NFT Battle Miners, NFTHive, and Warsaken are the next three largest marketplaces, with trading volumes ranging from $20,000 to $38,000 and unique wallet addresses ranging from 1,400 to 5,000.
- The remaining five marketplaces on the list have trading volumes below $10,000 and unique wallet addresses below 1,000.
Analysis
The dominance of AtomicHub is not surprising, as it is the oldest and most well-established marketplace on WAX. It offers a wide range of features and functionality, including peer-to-peer trading, auctions, and collections.
NeftyBlocks has quickly gained popularity in the WAX ecosystem due to its focus on gaming NFTs. It offers a variety of features for gamers, such as in-game asset trading and rewards.
NFT Battle Miners, NFTHive, and Warsaken are all gaming-focused marketplaces that have seen significant growth in recent months. This is likely due to the increasing popularity of play-to-earn games.
The remaining five marketplaces on the list offer a variety of unique features and benefits, but they were not able to gained the same level of traction as the larger marketplaces at the top of the chart. They include, Zombiecoin, Spinnia World, Chain Champs, Animal World, and vIRLMarket.
Conclusion
The WAX blockchain has a thriving NFT ecosystem, with a wide variety of marketplaces to choose from.
AtomicHub is the most popular marketplace, but other marketplaces offer diversity and a competitive ecosystem in the WAX space. It is worthy to note that, the top 10 marketplaces on WAX according to the data analyzed, are generating millions of dollars in trading volume each month and attracting thousands of unique wallet addresses.
Moreso, the increasing volume of NFTs traded on the WAX blockchain and the increasing diversity of the WAX NFT ecosystem are both positive signs for the incredible future of the WAX blockchain.
It will be interesting to see the trends of the WAX NFT marketplaces develops in the coming months and years. With its focus on gaming and DApps, WAX is well-positioned as a leader in the NFT space.
Additional Insights
In addition to the key findings above, here are some other insights from the data:
- The average trading volume per marketplace was $105,000 in the last 30 days.
- The average number of unique wallet addresses per marketplace was 5,120 in the last 30 days.
- The top 5 marketplaces accounted for over 80% of the total trading volume in the last 30 days.
- The gaming-focused marketplaces (NFT Battle Miners, NFTHive, and Warsaken) accounted for over 20% of the total trading volume in the last 30 days.
Overall, the data suggests that the WAX NFT market is healthy and growing.
Explore: Fastest WAX Block Explorer and Wallet (bloks.io)
Note: This data was gotten from https://wax.bloks.io/dapps on the 14th day of November, 2023 as at 3:30 UTC
