Chain Analysis: By 2021, retail will account for over 80% of the NFT market.

Chainalysis determined that until this year, most NFT markets have been driven by retailers, but much of the volume has been driven by collectors and institutions.

According to Chainalysis data, more than 80% of non-fungible tokens (NFTs) will be traded for less than $ 10,000 by 2021, which Chainalysis has classified as a "commodity" in recent research.

Blockchain analytics company Chainalysis released a report titled “NFT Business Translation for 2021” on December 6 of all NFT exchanges in 2021. Chainalysis scientists studied data on chains from January to October 2021.

The retail sector accounted for more than 80% of the total DTV market per day in 2021, but the Chinese manufacturing sector has grown from 6% in March to 19% during October 31, indicating that the large stock has further increased. with improvement this year. .

Home-based businesses account for less than 1% of total remittances, but currently account for 26% of real business income, he added.

Retail offers are priced under $ 10,000 and aggregate products are priced between $ 10,000 and $ 100,000. Research shows that agency-wide transactions represent over $ 100,000 in marketing.

The chart below shows the importance of the stock market throughout the year from January to October, with the stock market clearly starting to rise until September 9.

NFT Transaction Size Sharing Chain Analysis

While a portion of the total returns mostly come from retailers, collectors and organizations have cleared the bulk of NFT dollar-denominated remittances since March. Commodity exchanges represented 11% of activity during the half-year, commodities representing 63% and equity 26%.

NFT transmission rate analysis

The researchers compared the NFT market to the global cryptocurrency market, where retailers make up a small portion of the total cryptocurrency market.

“The data shows that the NFT market is far from the retail market more than the traditional cryptocurrency market. In the traditional cryptocurrency market, the retail market is a part of the overall packaging business.

Revenue could interact with NFTs as one of the contributing factors to the cryptocurrency transition through 2021. According to a report by Cointelegraph Research, NFT revenue is expected to reach $ 17.7 billion by 2021 , which proves it.

Last week alone, NFT's revenue hit $ 300 million, which is almost a month for veterans buying in the sandbox.

In addition, according to Chainalysis data, by 2021 at least $ 26.9 billion worth of cryptocurrencies have been shipped to the ERC-721 and ERC-1155 (Industry-Leaded Ethereum Standard NFT) agreements.

The whitelist is the most advantageous.

Despite the high cost of NFTs, the report states that "only 28.5% of NFTs that were purchased during the issuance process and then sold on the platform have benefited."

Chainalysis recommends free registration to increase your chances of getting money on newly created NFTs. In the promotion of OpenSea coins, registered free users won 75.7% of the time, while free users only accounted for 20.8%.

"The data shows that it's almost impossible to get too many returns when buying parts without signing up for free."

However, the report further states that DTV accounts for “65.1% of period revenue” purchased by the second industry after release. This means if the free listing can't get in, you better wait for the NFT series to enter the second market, further notice. Cooperative games of the Mint.