The data shows that the user activity of Sudoshap is declining continuously

It is reported that although the cumulative transaction volume of Sudowap has exceeded the milestone of US $100 million, the data shows that the activity of Sudowap users has continued to decline. According to Dune Analytics, in August 2022, Sudowap added more than 800 users per day on average. However, since the beginning of February 2023, the average number of new users per day of the platform has fluctuated between 50-20, and on February 23, it hit a new low of 19. The number of daily transactions and NFT transactions decreased due to the decrease of user activity on Sudoswap. Since August 2022, the number of daily transactions completed by the agreement has decreased by 93%, and the number of NFT transactions conducted by users on Sudoswap per day has decreased by 96% during the same period. In addition, the total fee charged by Sudoswap in the past 30 days was US $286000, down 8%, and the agreement revenue decreased 28% in the same period. （ambcrypto）

Interpretation of this information:

The message reports a decline in user activity on the Sudowap platform despite reaching a cumulative transaction volume of over $100 million. The data presented by Dune Analytics shows that the average number of new users added daily has decreased drastically since February 2023, with a new low of 19 recorded on February 23. This decline in user activity has resulted in a significant decrease in daily transactions and NFT transactions, causing a 93% and 96% drop, respectively, since August 2022. The total fee charged by the platform has also decreased by 8%, while the agreement revenue has decreased by 28% in the same period.

There are several possible reasons for the decline in user activity observed on Sudowap, one of which may be the emergence of competing platforms that offer better user experiences and services. Additionally, there may be technical issues, such as platform stability and reliability concerns, that are driving users away from Sudowap.

In conclusion, despite reaching a significant milestone in transaction volume, the declining activity of Sudowap users has led to a drop in daily transactions and NFT transactions, as well as a reduction in total fees and agreement revenue. This highlights the importance of continuously improving user experiences and addressing technical issues in order to sustain user engagement and maintain steady growth in the highly competitive market of decentralized finance (DeFi) and NFT platforms.