An analysis of more than 7 million NFT transactions: ethereum

Hi all. The team has just published an article on the Ethereum NFT market.

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

We found that the top 16.71% of NFT owners control 80.98% of NFTs. It’s not that 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 generally purchased only as an investment.

The full report is available on GitHub:

The dataset is available on Kaggle:

We also have a public Kaggle notebook that we performed our analysis on:

Let us know what you think!

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