Metaverse News

Decentraland Controversy About News That Platform DAU Numbers Are Less Than 100 Users

Decentraland (MANA), one of the world’s major metaverse platforms, has clarified its number of Daily Active Users (DAU). This comes following claims that the platform’s DAUs had dropped below 1000.

Indeed, according to this Coin Desk report, which used Dapp Radar statistics, Decentraland had as little as 38 Daily Active Users at one point.

This is unquestionably little for a platform worth more than $1 billion. Nonetheless, the metaverse platform expressed worry that these data are inaccurate, and it released its own measurements to explain the situation.

While refuting the facts on Dapp Radar and other P2E gaming outlets, Decentraland expressed worry that a lot of “misinformation” regarding the platform’s daily active users has been spreading recently.

The Ethereum-based metaverse platform said that the inequalities were so pronounced because Dapp Radar and other platforms exclusively tracked data on individual smart contracts. Decentraland noted that, while not wholly incorrect, this does not convey the true picture.

Decentraland published a thorough examination of what it believes to be the genuine status of platform interactions.

Instead of just providing us with the actual amount of DAUs, the platform chose to offer a broad-based data set encompassing most of September. To begin, there were around 56,697 monthly active users in September.

Furthermore, the decentralized virtual platform revealed that 1074 individuals were engaging with smart contracts concurrently. Surprisingly, Dapp Radar’s DAU estimations frequently rely on the number of users interacting with smart contracts.

Based on the platform numbers, it’s easy to see why the dApp tracking website concluded that just 39 users visited Decentraland on any given day. The metaverse platform, on the other hand, defines a Daily Active User in a different way.

It contends that a daily active user is someone who logs into Decentraland and subsequently leaves a parcel. It makes no difference how much time they spend there. They will be counted in the DAU figures as long as they log in and move about.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Sui Token Supply Is Controversial When Over 84% Of Staked Tokens Are Controlled By Founders

Over 84% of the staked Sui token supply is controlled by the founders, raising centralization…

5 hours ago

New Coinbase Class Action Lawsuit Is Attacking Exchange With Securities Listing Charges

The Coinbase class action lawsuit, echoing a previous case against the exchange, accuses it of…

6 hours ago

Bitfinex Data Breach Is Now Causing Controversy, Tether CEO Voices Rebuttal

Tether's CEO, Paolo Ardoino, highlights discrepancies in the Bitfinex data breach, revealing that only a…

6 hours ago

FSOCIETY Threatens Massive Bitfinex Data Leak: 400,000 Users At Risk

Bitfinex data leak allegedly by FSOCIETY includes 2.5TB of exchange data and 400K users' details.…

19 hours ago

Disappointment Clouds Friend Tech v2 Launch Despite Exciting New Features

According to Parsec, Friend Tech v2's launch disappointed many, with 95% users unable to claim…

20 hours ago

Ethereum Classification Supported By Ripple CEO In Battle With SEC

The legal debate over Ethereum classification intensifies as Consensys sues SEC for regulatory overreach.

1 day ago

This website uses cookies.