objkt vs opensea

Comparing Transaction Volumes of Tezos and Ethereum

By davidgyoung | Alternative Investing | 26 Jun 2022


Diving into some of the data provided by Dappradar.com to see if we can gain more insight into the Ethereum versus Tezos debate.   Tezos has executed multiple upgrades thus far without a glitch thus reinforcing how much more nimble and adaptive it is than Ether not to mention the implications for DAOs.  Let's take a look at how people use Tezos versus Ether with regards to NFTs specifically

Here's a look at Opensea over the last 30 days:

opensea transaction volume

Here is Objkt.com over the same period:

objkt transaction volume

And here is Tezotopia over the last 30 days:

tezotopia number of players and users

Now let's look at the total number of transactions/user for each:

Opensea: 1,270,000/256,180 = 4.95 transactions/user

Objkt:  423,320/18,210 = 23.25 transactions/user

Tezotopia:  89,100/1,130 = 78.85 transactions/user

The Opensea marketplace has declining volume as seen in the graph and generates substantially less in transactions per user than the two projects operating on Tezos.  Why?  It appears as though, in this comparison at least, two of the most popular Tezos NFT projects are getting way, way more transactions out of each user than that of one of the biggest Ethereum projects. 

Why?  It could relate to the fact that it is easier and much cheaper to transact with Tezos than it is with Ether.  It's easier and cheaper therefore you get more of it. 

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davidgyoung
davidgyoung Verified Member

BTC since 2013. Investor. Entrepreneur. Always looking to learn and develop.


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