A recent article, very shared in the cryptosphere, questioned the number of active users on metaverse projects like Decentraland or The Sandbox. But the numbers would actually be skewed. We take stock of what is really happening on the side of the metaverse.
Decentraland does not have only 38 active users
Our colleagues from CoinDesk have published an article against the metaverse over the weekend, arguing that active users on the two major projects Decentraland and The Sandbox were paltry. What arouse the ire of the communities concerned, who have wished in recent days to clarify things.
The article cited data from dAppRadar to arrive at a figure of 38 users for Decentraland. That is, the addresses of wallets that interact with the project’s smart contract. But according to Decentraland, the data is skewed because only certain transactions are taken into account:
Recently, there has been a lot of misinformation on the number of active users of Decentraland. Some websites are tracking only specific smart contract transactions but reporting them as daily active users DAU, which is inaccurate.
—Decentraland (@decentraland) October 7, 2022
The Decentraland Twitter account detailed the number of monthly active users (56,697), but also the number of users who would interact with the different smart contracts every day : 1,074. The project also recalls that during the month of September, 161 events were created by the community, and 148 proposals were made within the DAO. The DCL Metrics site tends to confirm these figures, with 7,039 unique daily visitors for the past week.
👉 To go further, find our presentation of the metaverse Decentraland (MANA)
Decentraland Lead Developer Juan Cazala confirmed that this data was incorrectand provided another access point to check the numbers:
nice journalisim @camlearnscrypto checking @DappRadar which tracks deprecated addresses and not even in the right network 🤡 there are +500 users concurrently right now (https://t.co/VIHS7SQXA4) and these are the addresses per network: https://t.co/MMd8NrjgjV. Coindesk quality 💩 https://t.co/JFslut1aVX
— cazala (@juancazala) October 7, 2022
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The Sandbox would also attract more users
For The Sandbox, the gap seems to be even bigger. The CoinDesk article indeed reported that The Sandbox would only have 522 daily active users. But according to Sébastien Borget, the co-founder of the project, there would have actually been 20 to 30,000 active users during the special events offered in the virtual universe. In any case, this is what he explained last July, following another article:
Thanks Sebastian. Was quoting this article: https://t.co/L6V8NFmiaO
— Justin Taylor (@TheSmarmyBum) July 11, 2022
Furthermore, the number of monthly active users of The Sandbox would instead be 350,000 for season 2. This pushes the number of daily active users to over 10,000.
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How to explain this discrepancy?
How then can such discrepancies in data be explained? For several reasons. On the one hand, it seems that the CoinDesk teams have focused on data from the wrong network for Decentraland, as noted by Juan Cazala. On the other hand, the article is based on users who interact with smart contracts from The Sandbox or Decentraland.
However, this does not take into account the users who visit the virtual universes but do not transact. A point however raised in the CoinDesk article:
“The daily active users compiled by DappRadar do not take into account people who connect and browse on a metaverse platform, or those who tune in briefly for an event, such as a virtual fashion week. »
Should we then judge that only users who use their wallets “count”? This is of course subject to debate. We will therefore remember that great caution must be exercised when it comes to numbers and blockchain.
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Sources: DCL Metrics, Coindesk – Image: Decentraland via Twitter
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Journalist at Cryptoast, I fell into the pot of cryptocurrencies a few years ago. I am passionate about the innovative technologies that stem from the blockchain and I like to find the most crispy information to share with you.
Marine Debelloir
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