DappRadar explains why it counted less than 40 active users on Decentraland By Cointelegraph


DappRadar explains why it counted less than 40 active users on Decentraland

Crypto Twitter was shocked by reports claiming a $1.2 billion metaverse ecosystem like Decentraland has less than 40 daily active users recently. The data, courtesy of decentralized finance (DeFi) analytic firm DappRadar, created quite a buzz among the crypto community, with questions being raised over the future of Web3.

Decentraland was quick to refute those metrics and claimed that to get a better insight into the platform’s user activity; one should refer to the dashboard on the website. The metaverse platform noted that it accounted for 1,074 users interacting with smart contracts in September and a total of 56,697 monthly logged-in users.