So
@LooksRareNFT
recorded $5.4M in REAL organic sales volume yesterday. That's almost 8% of OpenSea's total volume for the day.
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Sure the $LOOKS token price hasn't been doing that well lately, but i'm not worried at all. Reaching 8% of a market leader's daily volume in just 2 months is no small feat and the product will only continue to improve at a faster pace. I remain very optimistic.
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If you're interested, here is
@hildobby_
's calculation methodology on organic volume. Dashboard here
Being behind most of the
@LooksRareNFT
stats on
@DuneAnalytics
, I had to also look into wash trading volume.
There has been a few attempts at "filtering" that volume but I am yet to see one I am satisfied with. Here is a 🧵 on my filtering method and the yielded results 👇
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@dingalingts
@LooksRareNFT
Drives me crazy that even with clear incentives people are still sticking with OS
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@dingalingts
@LooksRareNFT
So High-lvl math: If $5.4 = 8% => OS Volume = $67M ? 67*0.05=$3.37M. If all volume went through LR, we'd have $3.4M add'l liquidity in the NFT market today...
@LooksRareNFT
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@dingalingts
@LooksRareNFT
Crazy that anybody would sell an Ape on Opensea, really shows that most Ape holders are brand new to the space and don’t really know their ways around things yet
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@dingalingts
@LooksRareNFT
No reason I use OpenSea over looksrare if an item is listed on both platforms.
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@dingalingts
@LooksRareNFT
Keep building- can’t wait to see where it goes! Moonlings bought a few
@MetaHero_
on there, and I bought a few
@MoonlingsNFT
as part of the Rusty Claus giveaway!
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@dingalingts
@OGDfarmer
@LooksRareNFT
That’s so much extra daily liquidity that would remain in our markets, keep building
@LooksRareNFT
🍻
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@dingalingts
@LooksRareNFT
It is incredible for the past 2 months to achieve this..All BAYC holders should stop using OS
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@dingalingts
@LooksRareNFT
I think the real driver of this is
@gemxyz
-- bulk cross-marketplace listings and buys enables new marketplaces to get enough traction/liquidity
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@dingalingts
@LooksRareNFT
Since I now use
@manifoldxyz
I am debating using
@LooksRareNFT
🤔
Is it good for smaller artists too?
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@dingalingts
@LooksRareNFT
Looks has what it takes to be the
#1
NFT exchange... Should I drop my ideas for what they should do next???
@LooksRareNFT
@ZoddLooksRare
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