🦊 Veve Monthly Market Pulse 📈
December 2023
Hey VeveFam! 👋
Welcome back to VeveFox Insider, your go-to source for the latest updates and trends in the Veve and Digital Collectibles Universe. I hope all of you had a cheerful holiday season and a great start into the New Year! ✨🚀
Let's dive into the key data and insights for the month of December:
👥 I Active Users:
Active wallets: 17,223 (5.85%) ↗️
New wallets: 382 (-7.28%) ↘️
🔄 I Market Activity:
Trades: 107,252 (27.00%) ↗️
Buyers: 10,386 (30.89%) ↗️
Sellers: 8,964 (15.53%) ↗️
💎 I Veve Store:
Drops: 24 (+6) ↗️
Minters: 12,060 (12.24%) ↗️
Tokens issued: 130,027 (17.08%) ↗️
Tokens minted: 78,541 (32.08%) ↗️
Tokens issued/minted ratio: 60.40% (12.81%) ↗️
💡 Key Insights:
📈 Rebound in Active Users: December brought a positive turn with a 5.85% increase in active wallets, indicating a rebound from the decline witnessed in November. However, new wallet creations saw another drop with only 382 new active joiners, indicating that the Veve is still struggling to attract new users to the app.
📈 Increased Market Activity: The market activity experienced a significant expansion in December, with trades, buyers, and sellers all showing a substantial increase. This surge suggests a renewed enthusiasm among users, perhaps driven by the seasonal festivities and a heightened interest in the collectibles that were released.
📈 Elevated Drop Participation: December showcased a notable increase in the number of drops and tokens issued compared to November. The heightened market offering likely played a pivotal role in the increased engagement and transactions observed during the month. Notably, the Tokens issued/minted ratio also saw a significant uptick, highlighting a higher appeal of this month's drops.
💭 Final Thoughts:
December marked a positive shift from the gloomy month of November, with increased user and market activity as well as a surge in drop participation. However, the persistent concern lies in the shrinking acquisition of new users.
As we step into the new year, the crypto space anticipates a bull run, which promises to bring back excitement towards the NFT space. It's a defining year to observe whether Veve can once again capture the attention of crypto users, considering their current cautious stance toward the crypto landscape.
💙 Big Thank You!
As we concluded the year, I also want to extend a heartfelt thank you to everyone who has been following and supporting my content. Your feedback and support are the driving forces that keep me motivated on this journey 🙏
— Kelly aka. VeveFox 🦊
PS: Stay tuned for my complete 2023 Veve Review which will drop later this month.
If you don’t want to miss out on any updates on the latest Veve insights and trends don't forget sign up for free below to get every new issue directly into you inbox 📨
👉 If you liked this post, don’t forget to leave a like 💙
👉 If you haven’t already, be sure to follow me over on X and YouTube
👉 If you enjoy this newsletter, feel free to share it!
Note: I am not associated with Veve. I'm just a fox who is passionate about Data and Veve, and I'm excited to share my insights with all of you.
Disclaimer: Nothing in this or any other VeveFox Insider publication should be considered as financial or investment advice. Always exercise caution within the NFT space.