Is AURY Token Price Related To NFT volumes?

Source: Twitter

Throughout this article, we will examine both the different trends relating to tokens and NFTs across different markets on a global basis, as well as the correlation between the Aurory token price and nft sales.

Introduction About Aurory

The Aurory gaming platform is based on the play-to-earn system. In addition to setting the standard for play-to-earn games, Aurory is focused on educating players. In addition to being the on-ramp to the Solana ecosystem, the project aims to be a gateway into the larger cryptocurrency space. Furthermore, they aim to build a challenging platform, and actively include features such as staking and collateralization of NFTs in their game to attract DeFi enthusiasts. In our opinion, pay-to-play, free-to-play, and finally playing-to-earn are all moving in the same direction for the future of gaming. The goal of Aurory is to demonstrate how blockchains can be used in a fun and educating way to everyone around the world. Aurory uses Serum for its in-game marketplace and is powered by Solana for its in-game server. Through the game, players can earn tokens ($AURY) and NFTs, which can be used to purchase in-game items and increase their chances of success.

As we can see from the graph below, NFT sales of different market places over the past 90 days are shown on a weekly basis. Among the 4 marketplaces, Magic Eden V2 contributes the most (74.99%) to total sales. In Magic Eden V2, the highest total sales amount to $2,656 and the lowest total sales amount to $14 (Magic Eden V1). There was a downward trend in NFT sales. 

Comparing the Magic Eden V2 Market place NFT sales with the other market places for the past 90 days, we can see that it accounted for almost three quarters of the NFT sales. On the second and third places are Solanart and Opensea marketplaces, respectively. The total NFT sales in the past 90 days were 3.5K.

Over the past 90 days, $168.84K has been generated in sales. From the four marketplaces, Magic Eden V2 contributes the most (72.54%) to the total Sales Volume. (Magic Eden V1) has the lowest sales volume of $930, and Magic Eden V2 has the highest sales volume of $122.47K. A maximum sales volume of $49.28K was observed from April 17 to 23, 2022. In this graph, we can see a decreasing trend in Sales Volume.

Comparing the Magic Eden V2 Market place NFT sales volume with the other market places for the past 90 days, we can see that it accounted for almost more than 70% of the NFT sales volume. On the second and third places are Solanart and Opensea marketplaces, respectively. The total NFT sales volume in the past 90 days was 168.83K.

When compared with the other marketplaces, we can see that almost 70% of buying and selling users are from MagicEden V2 Marketplace. In the past 90 days, there were 1,113 total users. There are 4 marketplaces that contribute users, but Magic Eden V2 is the largest contributor to total users (76.28%). Among the total Users, the lowest is 5 (Magic Eden V1), while the highest is 849 (Magic Eden V2). A maximum of 197 users was observed during April 17-23,2022.  In the week April 17-23 2022, there were more users than usual. 

From the graph below, we can see how NFT prices have changed over the past 90 days on different market places. Magic Eden V2 has the lowest average average price at 43.17, and Magic Eden V1 has the highest average average price at 78.67. 

As can be seen from the below graph, we can see the Maximum Price of NFTs grouped by Marketplace for the past 90 days. For about 18 days or sales activity was recorded on Magic Eden V1 while rest of the trades on Magic Eden were performed on V2 version .

As can be seen in the below graph, the minimum NFT price in different marketplaces has been consistent for the past 90 days.

From the graph below, we are able to see the recent swap activities with AURY tokens, as well as the token swapped users and transactions for the past 90 days. It was estimated that 11,679 users were swapped between April 21, 2022 and July 20, 2022. The maximum number of swapped users was 486 on May 26, 2022. Users swapped were in a downward trend.  In May 28, 2022 and June 2, 2022, the total number of swapped users is lower than normal. In May 26, 2022 and May 4, 2022, the total number of swapped users is higher than normal. The total number of transactions between April 21, 2022 and July 20, 2022 was 417.81K. In June 1, 2022, the maximum number of transactions was 43.91K. There is a decreasing trend in total transactions. On May 28, 2022 and June 2, 2022, the total number of transactions is lower than normal, and on May 26, 2022 and June 30, 2022, the total number of transactions is higher than normal.

The number of users between April 21, 2022 and July 19, 2022 was 6.42K. A maximum of 366 Users was observed on May 31, 2022, and a minimum of 17 Users was observed on May 3, 2022. User number decreased by 41% from 70 in April 21, 2022 to 41 in July 19, 2022 From April 21, 2022 to July 19, 2022, there were a total of 27.74K transactions. A maximum of 8.49K transactions were observed on April 23, 2022, while a minimum of 73 transactions were observed on July 18, 2022. A lower number of transactions was recorded in April 24, 2022 and May 28, 2022, while a higher number was recorded in April 23, 2022 and May 31, 2022.

As you can see in the graph below, the NFT sales volume and the AURY token price have been compared for the past 90 days. In the period April to July 2022, there was a total NFT sales volume of $167.65K. The maximum NFT Sales Volume of $49.28K was observed in April 17-23, 2022, and the minimum NFT Sales Volume of $3.53K was observed in July 03-09, 2022. A total of $17.57K in NFT Sales Volume in W15, 2022 has been reduced to $3.54K in W28, 2022, a drop of 80%. NFT Sales Volume in April 17-23, 2022 is higher than usual. It was found that the maximum AURY Token Price was $85.87 between April 17-23, 2022, and the minimum AURY Token Price was $2.2 between Jun 19-25, 2022. A graph here shows that the number of NFT tokens sold increases as the price of AURY tokens goes up and decreases as the price of AURY tokens goes down. Consequently, they often correlate directly with one another.

Observations

  • According to the above analysis, $168.84K has been generated in sales over the past 90 days. Out of the four marketplaces, Magic Eden V2 contributed the most (72.54%) to total Sales Volume.  Magic Eden is the Eden of Soalan’s NFT Market Place. With a whooping 70% share of market, Magic Eden leaves its competition far behind.
  • Among the four marketplaces that contribute users, Magic Eden V2 is the largest (76.28%). 
  • The floor price of NFTs recorded on Solanart is consistently higher compared to other platforms. Magic Eden is consistently recording the lowest floor prices.
  • For about 18 days or sales activity was recorded on Magic Eden V1 while rest of the trades on Magic Eden were performed on V2 version .
  • The king of Ethereum’s NFT marketplace is still struggling to make an impact on Solana NFT Projects.
  • When the NFT sales volume is compared to the AURY token price for the past 90 days, they often correlate.

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