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Sudowap’s Milestone but Declining User Activity

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It is reported that although the cumulative transaction volume of Sudowap has exceeded the milestone of US $100 million, the data shows that the activity of Su…

Sudowaps Milestone but Declining User Activity

It is reported that although the cumulative transaction volume of Sudowap has exceeded the milestone of US $100 million, the data shows that the activity of Sudowap users has continued to decline. According to Dune Analytics, in August 2022, Sudowap added more than 800 users per day on average. However, since the beginning of February 2023, the average number of new users per day of the platform has fluctuated between 50-20, and on February 23, it hit a new low of 19. The number of daily transactions and NFT transactions decreased due to the decrease of user activity on Sudoswap. Since August 2022, the number of daily transactions completed by the agreement has decreased by 93%, and the number of NFT transactions conducted by users on Sudoswap per day has decreased by 96% during the same period. In addition, the total fee charged by Sudoswap in the past 30 days was US $286000, down 8%, and the agreement revenue decreased 28% in the same period. （ambcrypto）

The data shows that the user activity of Sudoshap is declining continuously

Analysis based on this information:


Sudowap recently reached a significant milestone, with its cumulative transaction volume exceeding US $100 million. However, despite this achievement, there has been a notable decline in user activity on the platform. The data shows that the number of daily users joining Sudowap has been fluctuating between 50-20 since the beginning of February 2023, with a new low of just 19 users reported on February 23.

The decrease in user activity has led to a decline in daily transactions and NFT transactions, with a 93% decrease in daily transactions and 96% decrease in NFT transactions completed on Sudoswap since August 2022. The decrease in transactions has also resulted in a decline in revenue, with a total fee of US $286,000 charged by the platform in the past 30 days, representing an 8% decrease in revenue. The agreement revenue has also decreased by 28% during the same period.

The decline in user activity and transactions may be due to several factors, including the rise of competing platforms, changes in user preferences, or even technical issues with the platform. Sudowap may need to consider taking steps to improve user engagement and address any issues that may be impacting user experience.

In conclusion, while Sudowap has achieved a significant milestone, it is still facing challenges in maintaining user activity and transactions. The platform may need to take steps to improve user engagement and address any issues that may be impacting user experience in order to ensure its long-term success in the highly competitive DeFi market.

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