🦊 Veve Monthly Market Pulse 📈
July 2024
Hey VeveFam! 👋
Here is the July’24 Monthly Market Pulse, your quick briefing on the Veve ecosystem.
⚠️ Important Note: I excluded data from the 5th of June as the numbers were highly inflated due of the Black Pink Veve Heart Airdrop, in order to make the month over month comparison more accurate. This also means that the June Report was more optimistic due to the airdrop data, removing the airdrop data shows June was actually performing worse than May in most metrics.
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👥 Active Users
July saw an increase in active wallets (+12%), but a significant decrease in new active wallets (-20%), with only 178 new users starting their Veve collecting journey in July.
🔄 Market Activity
Overall trading activity increased by 31%, with an increase in both buyers (+6%) and sellers (+8%).
💎 Veve Store
July featured 25 drops, 4 more than in June, which also came with a significant increase in tokens issued (+44%).Unique minters also saw a significant increase (+47%), signifying that more users were interested in this month drops.
🛍️ Net Accumulation
There was a significant rise in Average Net Accumulation (+59%), with an increase in NetPositive Accumulators and a significant decrease in NetNegative Accumulators, which means more users were accumulating collectibles and less users were selling off compared to previous month.
💙 Engagement
The Churn Rate dropped significantly compared to previous month, which is a good sign.
That's it for this Month Roundup!
Stay tuned for further updates and insights, until next time, happy collecting! 💎
— Kelly aka. VeveFox 🦊
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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.