🦊 Veve Monthly Market Pulse 📈
September 2023
Hey VeveFam! 👋
Welcome to VeveFox Insider, where I bring you the latest data and trends in the world of Veve and digital collectibles.
Here is this month breakdown:
👥 I Active Users:
Active wallets: 21,744 (-21.94%) ↘️
New wallets: 476 (-53.65%) ↘️
🔄 I Market Activity:
Trades: 118,560 (-24.23%) ↘️
Buyers: 12,285 (-30.42%) ↘️
Sellers: 11,422 (-30.12%) ↘️
💎 I Veve Store:
Drops: 25 (+3) ↗️
Tokens issued: 151,047 (23.80%) ↗️
Minters: 15,772 (-29.52%) ↘️
Tokens minted: 67,686 (-27.61%) ↘️
Tokens issued/minted ratio: 44.81% (-41.53%) ↘️
💡 Key Insights
📉 Decline in Activity: September saw a notable decrease in various key metrics. The number of active wallets dropped by 21.94%, and new wallet creation plummeted by a staggering 53.65%. This could indicate a temporary slowdown in user acquisition and engagement.
📉 Trading Slump: The trading activity also took a hit, with the number of trades, buyers, and sellers all declining by over 24%. This dip suggests a more cautious market sentiment during this period.
📉 Limited Appeal in Drops: Despite Veve's release of 25 new drops this month and a substantial 23.80% increase in tokens issued compared to the previous month, the tokens issued/minted ratio, at just 41.53%, which means that less than half of the available supply was minted, underlines that the drops did not generate significant interest and suggests a lower level of enthusiasm among collectors.
💭 Final Thoughts
September 2023 hasn't been the best month for Veve. With a significant drop in core metrics like active wallets, trades, and token minting.
Of particular concern is the weak performance of the drops this month. Despite rolling out 25 new drops, it seems these releases failed to generate enough enthusiasm among collectors.
Looking back, it's clear that Veve is facing some challenges. But let’s not hit the panic button just yet. There's a glimmer of hope on the horizon!
Right now Veve is gearing up to make a significant impact in October as it prepares to attend the New York Comic Con. This event is bound to attract attention and excitement, potentially injecting new life and energy into the Veve ecosystem.
Furthermore, the recent announcement of a collaboration with Funko is a testament to Veve's commitment to innovation and expanding its offerings. This partnership holds the promise of exciting new collectibles and experiences for the Veve community.
Remember, we are still early in the world of digital collectibles and NFTs, and although there is not much excitement in the space right now, things might eventually turn around. So, let's keep that long-term perspective in mind.
Stay tuned for more updates and let's keep a close watch on how these trends develop in the coming months!
That's it for this Month Roundup!
I hope you enjoyed this newsletter format.
Feel free to drop me a line in the comments, share your thoughts, or even suggest what you'd like to see in the future. My goal is to keep improving and make sure to provide you with valuable insights. All feedback is welcome!
— Kelly 🦊
👀 Wondering what's in store for future posts? Here's a sneak peek:
Weekly and Monthly Roundups
Collectible Spotlights
Drop Reviews
In-Depth Veve Analyses
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