🦊 Veve Monthly Market Pulse 📈
June 2024
Hey VeveFam! 👋
Here is the June’24 Monthly Market Pulse, your quick briefing on the Veve ecosystem.
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👥 Active Users
June saw a significant increase in active wallets (+14%), as well as another significant surge in new active wallets (+44%), with 667 new users starting their collecting journey, which is the highest we have seen this year.
🔄 Market Activity
Overall trading activity dropped compared to previous month (-21%). However, there was s a noteworthy increase in buyers (+60%) while sellers decreased slightly, leading to a significant jump in buyer-seller ratio to the highest level we have seen for the past year.
💎 Veve Store
June featured 21 drops, 6 less than in May, which also came with a significant decrease in tokens issued as well as a significant decline in unique minters (-35%).
🛍️ Net Accumulation
Average net accumulation per wallet keeps declining, with NetNegative Accumulators seeing a slight increase which outweighs the small increase in NetPositive Accumulators.
💙 Engagement
The Churn Rate dropped slightly compared to previous month.
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.