Yesterday was Chinese Qixi Festival. Without a girlfriend to accompany me, I went out for late-night snacks with a few brothers, and we ended up talking about Dusk’s mainnet data. Different people’s interpretations can lead to two completely different conclusions.
The optimistic camp claims that the active addresses remain stable at around 19,000, while the daily transaction volume reaches the hundreds of thousands of dollars. After the bidirectional bridge went live, on-chain activity once surged by nearly 47%. After the mainnet launch, the coin price rose by 60% within the first week, with the weekly increase landing in the 85–90% range.
Those who take a more pessimistic view point out that in more than 70% of blocks, the number of transactions is fewer than two, and empty blocks occur frequently. Daily average transaction counts barely break 1,000, and the number of active addresses per day across the whole network is even less than 80.
It’s hard to directly determine which set of claims is true or false. Most likely, both sides aren’t lying—only the statistical scope and reference standards differ.
The figure of 19,000 active addresses is indeed plausible, and it’s also possible that the daily active addresses are fewer than 80. The former counts accumulated active addresses over a period, while the latter filters for unique active accounts within a single day. The two sets of numbers don’t represent the same metric. But there’s one objective fact that can’t be avoided: compared with mainstream public chains, Dusk’s current on-chain activity still shows a noticeable gap. The overall depth of the DEX liquidity pools is relatively thin, so the platform can only attract liquidity by offering relatively high annualized rewards.
I’m not saying that Dusk’s future development will necessarily stall. The mainnet has only been live for a little over half a year. For a brand-new public chain, it’s normal for activity to be low at the beginning. The only thing is that the fan community shouldn’t selectively release only good-news data, and skeptics shouldn’t dismiss the project outright based only on negative numbers.
Personally, I’ll focus on tracking three things going forward. First, when the assets corresponding to NPEX will truly be implemented and run on-chain. Second, after the Boreas upgrade is completed, how the network’s real stability performs. Third, whether the OpenDusk plan can genuinely energize the entire community. As for all kinds of other public opinion and commentary, most of it is just noise.
#dusk $DUSK @Dusk
The optimistic camp claims that the active addresses remain stable at around 19,000, while the daily transaction volume reaches the hundreds of thousands of dollars. After the bidirectional bridge went live, on-chain activity once surged by nearly 47%. After the mainnet launch, the coin price rose by 60% within the first week, with the weekly increase landing in the 85–90% range.
Those who take a more pessimistic view point out that in more than 70% of blocks, the number of transactions is fewer than two, and empty blocks occur frequently. Daily average transaction counts barely break 1,000, and the number of active addresses per day across the whole network is even less than 80.
It’s hard to directly determine which set of claims is true or false. Most likely, both sides aren’t lying—only the statistical scope and reference standards differ.
The figure of 19,000 active addresses is indeed plausible, and it’s also possible that the daily active addresses are fewer than 80. The former counts accumulated active addresses over a period, while the latter filters for unique active accounts within a single day. The two sets of numbers don’t represent the same metric. But there’s one objective fact that can’t be avoided: compared with mainstream public chains, Dusk’s current on-chain activity still shows a noticeable gap. The overall depth of the DEX liquidity pools is relatively thin, so the platform can only attract liquidity by offering relatively high annualized rewards.
I’m not saying that Dusk’s future development will necessarily stall. The mainnet has only been live for a little over half a year. For a brand-new public chain, it’s normal for activity to be low at the beginning. The only thing is that the fan community shouldn’t selectively release only good-news data, and skeptics shouldn’t dismiss the project outright based only on negative numbers.
Personally, I’ll focus on tracking three things going forward. First, when the assets corresponding to NPEX will truly be implemented and run on-chain. Second, after the Boreas upgrade is completed, how the network’s real stability performs. Third, whether the OpenDusk plan can genuinely energize the entire community. As for all kinds of other public opinion and commentary, most of it is just noise.
#dusk $DUSK @Dusk