🦊 Veve Monthly Market Pulse 📈
October 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 are the latest updates and key statistics for the month of October:
👥 I Active Users:
Active wallets: 23,201 (+6.70%) ↗️
New wallets: 680 (+42.86%) ↗️
🔄 I Market Activity:
Trades: 120,468 (+1.61%) →
Buyers: 12,125 (-1.30%) →
Sellers: 11,840 (+3.65%) ↗️
💎 I Veve Store: Drops: 25 (+0)
Minters: 18,220 (+15.52%) ↗️
Tokens issued: 136,008 (-13.63%) ↘️
Tokens minted: 101,575 (-0.41%) →
Tokens issued/minted ratio: 74.68% (+15.30%) ↗️
💡 Key Insights
📈 Rebound in User Growth and Engagement: October witnessed a positive rebound in the number of active wallets, with a 6.70% increase from the previous month. Additionally, new active wallets saw a notable spike of 42.86% welcoming 680 new active users. Worthy to highlight that 25% of these new users joined during the NYCC event. This growth in active and new wallets signals a promising return in user engagement within the Veve community.
📈 Stable Market Dynamics: The overall market activity remained relatively stable. Notably, the number of buyers slightly outnumbered the sellers, indicating a healthy and balanced trading environment.
📈 Regained Collector Enthusiasm: Veve continued its consistent release schedule with a total of 25 drops. However, the number of tokens issued declined by 13.63% compared to the previous month, partly due to lower edition runs. Notably, the number of minters surged by an impressive 15.52% together with a substantial improvement in the tokens issued/minted ratio, reaching 74.68%. This positive shift reflects a renewed enthusiasm among collectors and a stronger demand for the drops.
💭 Final Thoughts
The month of October brought encouraging signs for the Veve community. With an increase in user activity and a healthy influx in new wallets, which can be attributed, in part, to the New York Comic Con (NYCC) event.
The balanced market dynamics are another testament to the platform's resilience and stability, with the number of buyers slightly surpassing that of sellers, pointing to a healthy trading environment.
However, the most important change this month was the tokens issued/minted ratio. This key metric serves as a barometer of collector sentiment and excitement, together with the significant increase in minters the positive shift highlights an increased drop participation and renewed enthusiasm among collectors.
That's it for this Month Roundup!
Stay tuned for more updates and exciting developments in the world of Veve! Until then happy collecting! 💎
— Kelly 🦊
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