Dalz is the stats man of the Hive blockchain! He posts all sorts of really interesting analyses of various aspects of the blockchain and the dApps on it. In one of his recent posts, he analyzed all of the Hive blogging frontends.
As expected, there was a drop in users across all frontends. Whenever a bear market hits, the more "loose" users of Hive tend to leave the chain and not use the apps.
Something interesting came out of that report, however... LeoFinance was the only frontend that actually didn't lose any users. We have flat usage stats over the entirety of 2022.
Why is that? LEO bottomed out with the rest of the market. Why didn't people leave the way they do on other Frontends and more broadly speaking - on other crypto projects?
LeoFinance has a very hardcore userbase. We've been through the ringer together and come out the other side. This combined with constant development and an eye that is always on the future likely has some contribution.
Ultimately, I believe it's because the community is so ambitious and so collectively organized around our mission. I think all of us who are here today are in it for the next 10+ years. The fact that LEO is $0.055 right now has no bearing on our usage of the platform on a day-to-day basis because we all believe in growing this place from the current 500 MAUs to 5,000 MAUs and then 50,000 MAUs and beyond. The token price rising from $0.055 to $1 to $10 to $100 is all a part of our vision in the long-run but the token price is only a piece.
Community is everything.
- LF didn't drop in users through 2022
- Dalz report
- People stop being active when prices are low, misunderstanding of how to stack cheap
- No different than people buying at 50k and refusing to buy at 20k thinking it'll go lower
- We're not losing users but we're not gaining any. 2022 was about survival, 2023 is about growing from 500 MAUs to 5,000 MAUs
- Comparison to Twitter - mobile users: the new UI shows the interface as in-app
About LeoFinance
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage & share micro and long-form content on the blockchain while earning cryptocurrency rewards.
Our mission is to democratize financial knowledge and access with Web3.
Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io
Our Hive Applications
Join Web3: https://leofinance.io/
Microblog on Hive: https://leofinance.io/threads
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
BSC HBD (bHBD): https://wleo.io/hbd-bsc/
BSC HIVE (bHIVE): https://wleo.io/hive-bsc/
Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms
Web3 & DeFi
Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io
▶️ 3Speak