A recent article, widely shared in the cryptosphere, questioned the number of active users in metaverse projects like Decentraland or The Sandbox. But the numbers would actually be skewed. We take stock of what is really happening on the metaverse side.
Decentraland does not have only 38 active users
Our CoinDesk colleagues have published an article against the metaverse over the weekend, arguing that the active users on the two main projects, Decentraland and The Sandbox, were negligible. What aroused the anger of the affected communities, who have wanted in recent days to clarify things.
The article cited data from dAppRadar to arrive at a figure of 38 users for Decentraland. That is, the addresses of the wallets that interact with the smart contract of the project. But according to Decentraland, the data is skewed because only certain transactions are taken into account:
Recently, there has been a lot of misinformation about the number of active Decentraland users. Some websites only track specific smart contract transactions, but report them as DAU daily active users, which is inaccurate.
—Decentraland (@decentraland) October 7, 2022
Decentraland’s Twitter account detailed the number of monthly active users (56,697), but also the number of users who would interact with the different smart contracts every day : 1074. The project also recalls that during the month of September 161 events were created by the community and 148 proposals were made within the DAO. The DCL Metrics site tends to confirm these figures, with 7,039 unique daily visitors During last week.
👉 To go further, find our presentation of the Decentraland metaverse (MANA)
Decentraland Lead Developer Juan Cazala confirmed that these data were incorrectand provided another access point to check the numbers:
good journalism @camlearnscrypto verification @DappRadar which tracks outdated addresses and not even on the right network 🤡 there are over 500 users at the same time right now (https://t.co/VIHS7SQXA4) and these are the addresses per network: https://t.co /MMd8NrjgjV. Coindesk quality 💩 https://t.co/JFslut1aVX
– hunt her (@juancazala) October 7, 2022
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The Sandbox would also attract more users
For The Sandbox, the gap appears to be even greater. In fact, the CoinDesk article reported that The Sandbox it would only have 522 daily active users.
But according to Sébastien Borget, co-founder of the project, there would actually be between 20 and 30,000 active users during the special events offered in the virtual universe. In any case, this is what he explained last July, following another article:
Thanks Sebastian. I was quoting this article: https://t.co/L6V8NFmiaO
— Justin Taylor (@TheSmarmyBum) July 11, 2022
Also, the number of monthly active users of The Sandbox it would instead be 350,000 for season 2. This brings the number of daily active users to over 10,000.
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How to explain this discrepancy?
So how can such discrepancies in the data be explained? For several reasons. On the one hand, it appears that the CoinDesk teams have been targeting data from the wrong network for Decentraland, as Juan Cazala points out. On the other hand, the article is based about users interacting with smart contracts from The Sandbox or Decentraland.
However, this does not take into account the users who visit the virtual universes. but do not trade. However, one point raised in the CoinDesk article:
“Daily Active Users collected by DappRadar does not take into account people connecting and browsing on a metaverse platform, or those briefly tuning into an event, such as a virtual fashion week. »
Should we then judge that only users who use their wallets “count”? This, of course, is up for debate. Therefore, we will remember that great caution must be exercised when it comes to numbers and blockchain.
👉 Need to go further? Metaverse: understanding these virtual worlds based on blockchain and NFTs
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Sources: DCL Metrics, Coindesk – Image: Decentraland via Twitter
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