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https://github.com/plishka/metaverse_analysis
Earth 2 (metaverse): On-Chain Essence (ESS) Analysis
https://github.com/plishka/metaverse_analysis
blockchain dune-analytics postgresql sql
Last synced: 4 days ago
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Earth 2 (metaverse): On-Chain Essence (ESS) Analysis
- Host: GitHub
- URL: https://github.com/plishka/metaverse_analysis
- Owner: Plishka
- Created: 2024-06-17T11:29:58.000Z (7 months ago)
- Default Branch: main
- Last Pushed: 2024-06-17T14:45:54.000Z (7 months ago)
- Last Synced: 2024-11-08T14:17:24.306Z (about 2 months ago)
- Topics: blockchain, dune-analytics, postgresql, sql
- Homepage:
- Size: 14.2 MB
- Stars: 0
- Watchers: 1
- Forks: 0
- Open Issues: 0
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Metadata Files:
- Readme: README.md
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README
# Earth2: ESS Token On-Chain Analysis
## Project Overview
**[Earth 2](https://earth2.io/)** is a 1:1 scale virtual representation of the Earth, where users can hold, trade, and own digital assets. As the largest Virtual Land Registry globally, Earth2 employs the utility token Essence (ESS) as its digital currency. This project aims to uncover investment opportunities and provide data-driven insights by analyzing the on-chain activity of ESS.
## Objectives
1. Analyze the on-chain activity of ESS to identify investment opportunities
2. Derive insights to support data-driven decision-making
3. Develop a comprehensive dashboard to visualize findings and enable future tracking of on-chain activities
## Data Processing and Analysis
- **Exploratory Data Analysis (EDA)**: Conducted thorough analysis to understand patterns in ESS transactions and user behavior.
- **Visualization**: Created interactive dashboards using DuneAnalytics.
## Tools and Technologies
- **SQL**: Managed and queried large datasets efficiently getting data directly from the Ethereum blockchain.
- **Dune Analytics**: Created interactive dashboards for intuitive data exploration.
## Dashboard Preview
[](https://dune.com/alex_pl/earth-2-essence)
Click the image above to view the interactive Earth 2 Analysis Dashboard on Dune Analytics.
## Key Insights
1. Detailed breakdown of Total Essence (ESS) Supply and allocation across different categories.
2. Identification of main ESS holders and their impact on the market.
3. Analysis of DEX trade volumes, providing insights into the trading behavior of new and existing users
4. Tracking distinct wallets balance changes over time
## Comparison Table of Virtual Real Estate Platforms
| Feature | Decentraland | Sandbox | Earth 2 |
|-------------------------|------------------------|------------------------|-----------------------------|
| **Token** | MANA | SAND | ESS |
| **Token Max Supply** | 2,644,403,343 MANA | 3,000,000,000 SAND | 1,000,000,000 ESS |
| **Circulating Supply** | 1,908,319,865 MANA | 2,281,231,926 SAND | 310,144,876 ESS |
| **Market Cap** | 685,000,000 USD | 800,000,000 USD | 36,000,000 USD |
| **Token Holders** | 301,178 | 212,282 | 180,000* |
| **Active Users** | over 100,000 users | over 200,000 users | over 650,000 users |
| **YouTube Subscribers** | 10.5K subscribers | 155.5K subscribers | 860K subscribers |
| **Twitter Followers** | 610.5K followers | 1.1M followers | 19.7K followers |
Data in the table is from June, 2024
\* info is taken from Earth 2 Whitepaper as a user needs to withdraw ESS from the platform to be visible in blockchain
## Conclusion
Given Earth2's current market valuation compared to its primary competitors, Sandbox and Decentraland, the ESS token shows promising potential for significant appreciation. This analysis offers a strategic advantage by identifying optimal entry points for investment and harnessing the platform's growth opportunities effectively.
The Earth 2 Analysis Dashboard provides investors with invaluable data-driven insights. Leveraging advanced analytics and visualization tools empowers stakeholders to make informed decisions, optimizing their investment strategies for maximizing returns.