Understanding Key Metrics
Master key performance indicators to build successful blockchain projects.
Important Note on Points
All points are subject to change and are here for demonstration purposes only. The initial founders that applied between April 30th - December 7th had applied for the 10,000,000 points. All point/reward ratios will be announced and updated post mainnet launch.
Important Metrics
Daily Active Users (DAU)
- Measures user engagement.
- Indicates platform stickiness.
Strategies to Improve DAU:
- Create daily quests or challenges.
- Implement rewards for consistent use.
Transaction Count (TRX)
- Reflects network activity.
- High TRX can signal platform utility.
Strategies to Increase TRX:
- Incentivize frequent transactions.
- Lower transaction fees to encourage use.
Total Value Locked (TVL)
- Represents the total assets staked or locked.
- Indicates trust and confidence in the platform.
Strategies to Boost TVL:
- Offer attractive staking rewards.
- Ensure security to build user trust.
Points and Rewards System
Transparent point allocation and reward mechanism.
Note: All points are subject to change and are here for demonstration purposes only. The initial founders that applied between April 30th - December 7th had applied for the 10,000,000 points. All point/reward ratios will be announced and updated post mainnet launch.
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Applying Points to Metrics:
- Use points to encourage behaviors that improve DAU, TRX, and TVL.
- Design quests that align with your project's goals.
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Example Integrations:
- DAU Quests: Reward daily logins or interactions.
- TRX Quests: Offer points for completing transactions.
- TVL Quests: Assign points for staking or providing liquidity.
Note: Specific point amounts are determined by the founder's strategy and are used here as examples.
Integrated Metrics Strategy
- Correlation between Metrics:
- Increasing DAU can lead to higher TRX.
- More transactions may contribute to a higher TVL.
- A higher TVL can attract more users, enhancing DAU.
Tools and Analytics
- Real-time dashboard tracking.
- Historical performance graphs.
- Predictive analytics.
Additional Resources:
Mastering these metrics empowers founders to build thriving, user-centric blockchain projects!
Next Steps
- Implement metric tracking.
- Design engagement quests.
- Analyze and iterate.