Friday, September 22, 2023
HomeNewsMetaverseDappRadar Says Decentraland has 650 Daily Active Users

DappRadar Says Decentraland has 650 Daily Active Users

Decentraland has been upgraded from a hamlet to a village, according to revised numbers from the data platform DappRadar.

DappRadar says there are now 650 daily Unique Active Wallets (UAW) on Decentraland, or users interacting with the dApp, defined as a decentralized application that runs on a blockchain without a central administrator.

Over the course of the last 30 days, there were a total of 7,490 unique users on the platform with a total of $110,390 in volume. In total, on-chain data shows that there’s a balance of $28.8 million in assets with the dApp’s smart contracts.

DappRadar’s data shows that the largest number of active users came in late September, when the platform saw just over 1300 online at once.

When CoinDesk reported that were 38 users across Decentraland’s $1.1 billion platform, citing DappRadar’s numbers, there was a considerable amount of pushback from Decentraland, which claimed that there were over 55,000 thousand monthly active users on its platform.

“It’s important to note that data on the blockchain is unchangeable, and therefore it doesn’t lie,” DappRadar said in a blog post. “However, this data doesn’t always mean the same for each dApp. Furthermore, blockchain data doesn’t always paint the entire picture.”

But doing a census of the metaverse is difficult, and Decentraland’s official numbers just don’t add up to other publicly available data especially as they don’t account for bots or idle users.

Decentraland’s numbers from Catalyst Monitor, a tool for tracking the load on each of its servers which it calls catalysts, show that there are 509 active users as of Tuesday afternoon Asia time. Nansen’s Entity Billboard tool, which tracks 72 of Decentraland’s smart contracts, shows there are less than 400 users.

At the time token trading was evenly distributed between Sandbox and Decentraland, but now what’s left of the trading volume is effectively just SAND with AXS, MANA, and ENJ being virtually eliminated.

The CoinDesk Metaverse Select Index (MTVS), which tracks all of the Metaverse majors including MANA, The Sandbox’s token, as well as Axie Infinity, is down 40% since inception.

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