Bittime - UXLINK, blockchain-based social networking platform managed to rank first in monthly on-chain activity, ahead of various leading GameFi and DEX projects.
UXLINK: 5.2 Million Active Wallets in the Last 30
Source: Twitter.com/@Coin98Analytics
Based on on-chain statistics, the number of active wallets on UXLINK reached 5.2 million in the last 30 days. This figure puts UXLINK in the top position in the entire Web3 realm.
This monthly on-chain activity data is clear evidence that the SocialFi category, promoted by UXLINK, has superior user retention and attraction capabilities compared to other categories, such as GameFi and DEX.
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UXLINK: 6.4 Million Users, Asset Value Over $600 Million
In addition to achievements in on-chain activity, UXLINK has also managed to record significant growth in the number of users and the value of crypto assets held on their platform.
Currently, there are more than 6.4 million users who store UXLINK (UXL) crypto assets in their wallets. The total value of the assets stored is estimated at more than 600 million US dollars.
Why is SocialFi popular?
The data revealed by UXLINK certainly raises the question of why SocialFi is able to attract and retain users better compared to other categories in the Web3 realm.
Some factors that may contribute to SocialFi's appeal include:
- Basic human need to socialize: Humans are basically social creatures who have a need to connect and interact with other people. SocialFi offers a platform that allows users to connect with the Web3 community, share experiences, and build relationships.
- Opportunities to earn income: Some SocialFi platforms offer reward mechanisms that allow users to earn income through their social activities, such as writing posts, leaving comments, and following other users.
- User ownership concept: The concept of user ownership is an important aspect of Web3. Blockchain-based SocialFi allows users to own and control their own data, as well as participate in platform governance.
Also Read How to Buy Crypto:
SocialFi, GameFi, and DEX
UXLINK's achievements are an indicator that the SocialFi category has enormous potential to develop. By continuing to innovate and present interesting features, the SocialFi platform can become a gateway to introduce blockchain technology to a wider audience
However, even though UXLINK has succeeded in dominating on-chain activity in the SocialFi sector, the GameFi and DEX sectors are still the largest contributors to overall on-chain activity. This suggests that these three sectors, SocialFi, GameFi, and DEX, will continue to be the main drivers of blockchain technology growth and adoption.
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How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
UXLINK Ranks Top of Hottest Web3 Projects!
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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