Recent data from DappRadar suggests that the Ethereum-based virtual world Decentraland may not have as many active users as its high valuation suggests. How many users does Decentraland have?
While some were excited about the potential of Metaverse technology and thrilled to see so many large companies working on it, others were far more skeptical about its potential for mass adoption.
So news about Decentraland’s user base made headlines.
According to DappRadar metrics: Decentraland had only 38 active users within 24 hours. Other metaverses are doing better, but not by much. For example, in the sandbox he had 522 active his users during the same period.
What does DappRadar data tell you?
What should I do? Both Decentraland and The Sandbox are large undertakings. Both are reportedly worth around $1.3 billion. So how low are these numbers? Will this affect the metaverse’s chances of becoming mainstream?
To get a better understanding, we need to look at the data.
Some have argued that the metrics used to measure user activity on Decentraland are flawed. DappRadar defined an active her user as an interaction between her wallet address and her Decentraland smart contract.
To be counted as an “active user” by DappRadar, you must be logged into your Decentraland account, connect your wallet, and make a purchase with MANA. Essentially, DappRadar didn’t count people logging in and hanging out in the metaverse or stopping by for a quick event.
For example, Decentraland held its first fashion week a few months ago. A surge of users visited the Metaverse during the event, but didn’t stay. Therefore, technically, they are not considered “active users” in DappRadar’s metrics.
Decentraland only has 38 users?
The data released by DappRadar Data does not accurately represent Decentraland’s user base. So far, we know he has two types of Decentraland users. Crypto he is the user who connects to the wallet and the user who logs in to “guest mode”.
A second group of users, guests, was not considered by DappRadar. So how many people are logged into Decentraland?
You’ll need to look at a few different metrics and websites. for example:
- DCL metrics We can see that the Decentraland website has about 8,500 unique users per day.
- Metacat.world uses parcel data, which indicates that Decentraland may have up to 40,000 users per day.
- new world notes According to research, Decentraland has 18,000 unique users, but this data may be outdated.
How do these misconceptions spread so quickly?
To be honest, most publications about active users on Decentraland don’t do much research. Some people like the “clickbait” headline, others don’t think the metaverse is worth their time.
The truth is, Decentraland’s user base is not as large as some would like, but the Metaverse is new and unexplored territory and will take time to gain widespread adoption.
It may be disappointing to see misinformation spread so quickly, but it shouldn’t be surprising. The media loves to spread his FUD (Fear, Uncertainty, Doubt) related to cryptocurrencies.
It is important not to believe everything you read online and do your research.
