Author: @egoorcs

https://twitter.com/Stepnofficial/status/1546757660099260416

Conslusion

• Failed to attract more newcomers on Solana and BSC, obviously Stepn are targeting ETH users by collaborating with BAYC. However, from current ETH data, this phenomenal project on Solana is almost impossible to revitalize like before on ETH.

• Considering the analysis of NFT holders, most APE holders choose to list and sell on the market once they get airdropped, as Gamefi users and Blue Chip PFP holders are two different groups focusing on different aspects.

• It is actually a smart move for Stpen’s coming to BSC, which is a more suitable chain for Gamefi: more targeted users and opportunities.

• From the author’s perspective, Avalanche could be a better choice than ETH. Three main reasons can explain: (1), There’s no project with huge amount of fundraising after Axie Infinity on ETH; (2), Most ETH users’ money goes to Defi and Blue chip NFT; (3), Little support goes to Gamefi than Avalanche, Flow,etc despite such a giant eco-system.

• It’s not recommended to invest in ETH shoes right now,  two main reasons for this: (1), much lower FOMO atmosphere; (2), scarce investment opportunity caused by high entry fee

This passage will mainly focus on Stepn’s data on ETH to further discuss the investment potential, so let’s cut the basic intro and get in there.

One thing is for sure, the team is still working on this project by following the roadmap. In the following months, two events are crucial to Stepn: firstly, the NFT market and launchpad release, which could pump up GMT price; secondly, the Marathon Mode FOMO in October, which could attract more newcomers and further expand user base with the offline competition.

Twitter

673.5K followers(27th, July) in total. Currently, unlike April and May, tweet less and overall traffic keeps going down.

Discord

341K discord members mostly from China and Japan. The discussions in sub channel are still heated, but mostly are negative words with strong FUD.

Based on the data from @lightsoutjames on Dune, the number of GMT and GST in Liquidity Pool on Solana is decreasing continuously, the DAU are also lessening because of the lower profits.

Based on the data from @gankthisway on Dune. It’s almost the same situation on BSC: more withdrawals, less deposits, decreasing DAU.

Based on the data from @torinosuke on Dune, the high transactions at the beginning couldn't last very long,  and started reducing days after.

3.4.1 Analysis of NFT Holder

Most users who get airdropped sold shoes on the market right away, which explained the high transactions at the beginning.

Cryptobeaker: twitter account@cryptobeaker, APE holders(34 pieces), holds the airdropped shoes, NFTGO shows this is a gainer, but Nansen indicates the opposite, a loser

002142.eth: seems like a Chinese holder, who recently swept many NFT Worlds at floor price

“SauceVault”: Bluechip NFT holder, NFTGO shows this is a gainer

Jimmy McNelis: Whale, Bluechip NFT holder, hold heavy positions of APE

ilovebayc.eth: nothing special, hold heavy positions of APE

3.4.2 Analysis of Top Gainer and Loser

421.eth: shoes holder, MEME player, top loser

1nteam3.eth: shoes holder, bluechip NFT holder, top loser

Oxdee7: quickly bought in and sold out the next day, inactive address, similar to its related address 33capital.eth, possibly an insider trading,

• Failed to attract more newcomers on Solana and BSC, obviously Stepn are targeting ETH users by collaborating with BAYC. However, from current ETH data, this phenomenal project on Solana is almost impossible to revitalize like before on ETH.

• Considering the analysis of NFT holders, most APE holders choose to list and sell on the market once they get airdropped, as Gamefi users and Blue Chip PFP holders are two different groups focusing on different aspects.

• It is actually a smart move for Stpen’s coming to BSC, which is a more suitable chain for Gamefi: more targeted users and opportunities.

• From the author’s perspective, Avalanche could be a better choice than ETH. Three main reasons can explain: (1), There’s no project with huge amount of fundraising after Axie Infinity on ETH; (2), Most ETH users’ money goes to Defi and Blue chip NFT; (3), Little support goes to Gamefi than Avalanche, Flow,etc despite such a giant eco-system.

• It’s not recommended to invest in ETH shoes right now,  two main reasons for this: (1), much lower FOMO atmosphere; (2), scarce investment opportunity caused by high entry fee

🌎 BitMetis： The world’s leading Decentralized releasing network. With Web3 Game DID Credentials, Multi-Dimensional AI Analysis, and Protocols,BitMetis helps Players to be the owners of their beloved Games and empowers players' equal rights to participate in the gaming revolution. 🔗 Key links: Website: https://www.bitmetis.io Twitter:https://twitter.com/BitMetis Youtube:https://www.youtube.com/c/BitMetis   Mirror:https://mirror.xyz/bitmetis.eth Docs:https://bit-metis.gitbook.io/bitmetis

Author: @egoorcs

https://twitter.com/Stepnofficial/status/1546757660099260416

Conslusion

• Failed to attract more newcomers on Solana and BSC, obviously Stepn are targeting ETH users by collaborating with BAYC. However, from current ETH data, this phenomenal project on Solana is almost impossible to revitalize like before on ETH.

• Considering the analysis of NFT holders, most APE holders choose to list and sell on the market once they get airdropped, as Gamefi users and Blue Chip PFP holders are two different groups focusing on different aspects.

• It is actually a smart move for Stpen’s coming to BSC, which is a more suitable chain for Gamefi: more targeted users and opportunities.

• From the author’s perspective, Avalanche could be a better choice than ETH. Three main reasons can explain: (1), There’s no project with huge amount of fundraising after Axie Infinity on ETH; (2), Most ETH users’ money goes to Defi and Blue chip NFT; (3), Little support goes to Gamefi than Avalanche, Flow,etc despite such a giant eco-system.

• It’s not recommended to invest in ETH shoes right now,  two main reasons for this: (1), much lower FOMO atmosphere; (2), scarce investment opportunity caused by high entry fee

This passage will mainly focus on Stepn’s data on ETH to further discuss the investment potential, so let’s cut the basic intro and get in there.

One thing is for sure, the team is still working on this project by following the roadmap. In the following months, two events are crucial to Stepn: firstly, the NFT market and launchpad release, which could pump up GMT price; secondly, the Marathon Mode FOMO in October, which could attract more newcomers and further expand user base with the offline competition.

Twitter

673.5K followers(27th, July) in total. Currently, unlike April and May, tweet less and overall traffic keeps going down.

Discord

341K discord members mostly from China and Japan. The discussions in sub channel are still heated, but mostly are negative words with strong FUD.

Based on the data from @lightsoutjames on Dune, the number of GMT and GST in Liquidity Pool on Solana is decreasing continuously, the DAU are also lessening because of the lower profits.

Based on the data from @gankthisway on Dune. It’s almost the same situation on BSC: more withdrawals, less deposits, decreasing DAU.

Based on the data from @torinosuke on Dune, the high transactions at the beginning couldn't last very long,  and started reducing days after.

3.4.1 Analysis of NFT Holder

Most users who get airdropped sold shoes on the market right away, which explained the high transactions at the beginning.

Cryptobeaker: twitter account@cryptobeaker, APE holders(34 pieces), holds the airdropped shoes, NFTGO shows this is a gainer, but Nansen indicates the opposite, a loser

002142.eth: seems like a Chinese holder, who recently swept many NFT Worlds at floor price

“SauceVault”: Bluechip NFT holder, NFTGO shows this is a gainer

Jimmy McNelis: Whale, Bluechip NFT holder, hold heavy positions of APE

ilovebayc.eth: nothing special, hold heavy positions of APE

3.4.2 Analysis of Top Gainer and Loser

421.eth: shoes holder, MEME player, top loser

1nteam3.eth: shoes holder, bluechip NFT holder, top loser

Oxdee7: quickly bought in and sold out the next day, inactive address, similar to its related address 33capital.eth, possibly an insider trading,

• Failed to attract more newcomers on Solana and BSC, obviously Stepn are targeting ETH users by collaborating with BAYC. However, from current ETH data, this phenomenal project on Solana is almost impossible to revitalize like before on ETH.

• Considering the analysis of NFT holders, most APE holders choose to list and sell on the market once they get airdropped, as Gamefi users and Blue Chip PFP holders are two different groups focusing on different aspects.

• It is actually a smart move for Stpen’s coming to BSC, which is a more suitable chain for Gamefi: more targeted users and opportunities.

• From the author’s perspective, Avalanche could be a better choice than ETH. Three main reasons can explain: (1), There’s no project with huge amount of fundraising after Axie Infinity on ETH; (2), Most ETH users’ money goes to Defi and Blue chip NFT; (3), Little support goes to Gamefi than Avalanche, Flow,etc despite such a giant eco-system.

• It’s not recommended to invest in ETH shoes right now,  two main reasons for this: (1), much lower FOMO atmosphere; (2), scarce investment opportunity caused by high entry fee

🌎 BitMetis： The world’s leading Decentralized releasing network. With Web3 Game DID Credentials, Multi-Dimensional AI Analysis, and Protocols,BitMetis helps Players to be the owners of their beloved Games and empowers players' equal rights to participate in the gaming revolution. 🔗 Key links: Website: https://www.bitmetis.io Twitter:https://twitter.com/BitMetis Youtube:https://www.youtube.com/c/BitMetis   Mirror:https://mirror.xyz/bitmetis.eth Docs:https://bit-metis.gitbook.io/bitmetis