Footprint Analytics

Source: @AustenSfy lesley@footprint.network Wash trading has been prevalent in the NFT market since 2021, posing a significant risk to retail and institutional investors. But now, investors and traders can identify projects that engage in wash trading and take proactive measures to avoid getting defrauded. There are two common ways to do this. The first involves using algorithms to discriminate wash trading based on features like suspicious addresses, which can be identified by filtering out ...

After a challenging year, the crypto market finally saw a turning point at the end of 2022. With the overall market cap recovering and the market trend improving, the crypto gaming industry also rebounded in January. Excitingly, Hong Kong rolled out the red carpet for crypto businesses to help revitalize the embattled financial hub, representing a positive signal for the market. The move indicates that Asian forces will once again invest more in the crypto industry. Game industry giants like ...

Author: daniel@footprint.network Source: Arbitrum Ecosystem Overview While the sweet spot for L2s has been DeFi, Arbitrum took the initiative to expand beyond this to GameFi when it launched Arbitrum Nova in August 2022. Now, the largest L2 protocol has made headlines for its partnership with Covalent and for overtaking Ethereum for transactions. However, other less publicized developments have been brewing among the game devs and GameFi projects of the protocol. TreasureDAO, which dominates ...

Building a wallet portfolio dashboard can be a powerful tool for any cryptocurrency investor and project team. By aggregating all held assets in one place, you can get a complete overview of your asset’s financial status. While many portfolio tools in the market display the state of assets, asset information alone seems insufficient to represent a user in 3D. We hope to create a more holistic web3 graph by combining user behaviour to better describe their path on the chain. As NFT and GameFi ...

Wash trading is an enormous factor in the trading volume and transaction numbers you see in the NFT market. In fact, no researcher or investor should approach the market without recognizing that this type of inorganic activity dramatically skews the data. While some significant NFT projects have no obvious signs of wash trading, others are 100% wash traded, meaning there’s no real liquidity at all. Beyond individual collection, wash trading also misrepresents activity in NFT marketplaces and ...

Author: daniel@footprint.network Reference: Use Retention; Walken; STEPN-Solana & BSC Move-to-Earn, a type of protocol that tracks users’ movement via geo-tracking and rewards them for physical activity, gained widespread recognition last May, surpassing GameFi in search interest. However, the genre is essentially just two projects on Solana: Walken and STEPN. The two games have a similar premise but approach tokenomics, gameplay, and design differently.GameFi had plenty of copycat projects i...

Author: daniel@footprint.network Blockchain games have a retention problem. For all the talk about being the future of gaming, 90% of blockchain games go inactive within 30 days. Without players enjoying the games for a long time, most GameFi projects today are still just DeFi protocols with nicer graphics and some interactive elements. But is that changing? And, are there ways that blockchain games can tap into on-chain data to boost retention, creating a more complex answer than, “just impr...

Author: Daniel@footprint.network Source: NFT Monthly Report Looking at just the prices of ETH and altcoins, February would seem like a sideways month, perfect for swing trading, but not many significant developments in the market. However, it was actually pretty important for a number of reasons. Until last month, OpenSea was the largest marketplace for trading by far, with no other platforms having a serious shot of becoming the model for NFT marketplaces 2.0. Then came Blur, which exploded ...

lesley@footprint.network It should be clear to Web3 projects that radically different types of users participate in NFT, GameFi and DeFi markets, with different experience levels, motivations and financial incentives. For a project to retain users and grow, it must identify and understand the users that are most likely to bring them value. And as with Web2, having data-driven insights about one’s users separates the leaders from the laggards. Why do so Many Web3 Projects Struggle to Understan...

In the last year, generating interest in your Web3 project or protocol has become progressively more challenging. Many once-promising projects have fallen to the bear market, each in its own way. However, those that have thus far survived have one thing in common: strong communities. Web3 marketing stands apart from Web2 in the importance of community building. Naturally, much of the discussion about how to gain an edge in 2023 revolves around that. However, tactics and data analytics, part o...

Source: Meme Token Dashboard Memecoins and investment are words you don’t often hear in a sentence together unsarcastically. However, a year into the bear market, memecoins such as Shiba Inu and Dogecoin haven’t just survived but performed as well as, or better, than many “serious” crypto projects. Moreover, despite the challenging market conditions, memecoins have some of the fastest-growing and most active communities in the crypto space.Market Cap of Doge&SHIB While people must also recogn...

Email Image📈 - Footprint ChangelogWe are constantly improving our API.Email ImageOur team is always working hard to enhance our API. Here are the latest updates that we're excited to share with you! We will make this change effective this week. If you have any other questions, please contact us at discord.📈 - Footprint DataCheck our product change on GithubEmail ImageThe latest changelog, detailing the changes made this week, has been published on our GitHub. You can find all the infor...