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Market trends report
In mid-August, we shared you through Telegram and Twitter about the listing of Cosmochain on the DApp ranking platform “State of the DApps.” Since then, Klaytn’s development process has been completed and the indices & rankings for DApp projects have been updated as well. Cosmochain’s ranking has also risen significantly, even ranking first among all the DApps.
In this post, we’d like to give you more details on this, including the State of the DApps platform introduction, a description of relevant indices, and how the rankings are calculated.
In 2015, SOTD was first created to categorize and showcase Ethereum blockchain based projects for users to easily find blockchain projects in one place. Inclduing the most lately added Klaytn Mainnet, SOTD supports various mainnets such as EOS, Steem, POA, and Loom. Total 2,264 of DApps’ information are collected and displayed through SOTD, and its Monthly Active Users are around 90,000 (source: SimilarWeb).
The indices SOTD considers include 1) active users, 2) transaction, 3) development activity, and 4) volume.
1) Active users is the number of unique addresses that send transactions to DApp contracts. As for FitsMe, it is the number of unique users whose beauty data are being recorded. However, because State of the Dapps is selectively counting the data created by particular activity of users, the number could be different from actual DAU of FitsMe service.
2) Transaction is the total volume of transaction generated from DApp contract. As each users can create various types of beauty data through app service, there are multiple transactions generated from one unique address. Therefore, transaction volume is always bigger than the number of active users.
3) Dev activity refers to the number of development activity being recorded on project company’s Github. For example, there are development activities like code push, issues, pull requests and etc. Cosmochain is currently operating two separate Github pages, one for blockchain and one for FitsMe service. This is why the app update for FitsMe service is actually happening every week although the development activity on SOTD is shown as zero.
4) Volume is the the amount of mainnet token being sent following each transaction. Because right now there is no features in FitsMe service that utilizes its mainnet token Klay, the volume is calculated as zero.
Ranking algorithm method SOTD has revealed shows how its ranking is determined by weighting 14 different factors such as active users, transaction, development activity, profile freshness and strength, click-through-rate, as well as the user recommendations and feedback.
More accurate weighting level is not open to the public to prevent manipulation, and the algorithms is updated periodically.
As soon as Klaytn DApp indices were updated on SOTD in early September, Cosmochain ranked third in global DApp based on the high number of active users and transactions and recently maintained its place 1–2.
We believe that this trend numerically proves that Cosmochain’s FitsMe service is generating beauty data with high quality as well as meaningful user transaction.
Based on these data and users, we will try our best to complete our token model.
To celebrate KLAY listing on Upbit International, Klaytn have 5,000,000 KLAY airdrop campaign.
** As Cosmochain is simply providing Klaytn’s airdrop event announcement, we are not related to the hosting of this airdrop event. **
1. After signing up Upbit International, reach verification level 2 or higher.
2. During 5th ~ 17th Sep 2019, post #KLAY, #Klaytn and #Upbit on your personal Facebook or Twitter. Other social medias are not counted. You should include all 3 hashtags to qualify.
3. After posting, log into Upbit > Support > Submit Request > Choose “Event” > Choose “KLAY”
4. Please follow Klaytn Facebook and Twitter and get Klaytn’s the latest news.Klaytn
Cosmochain is a blockchain project based on beauty data, founded in March of 2018. We aim to contribute to the development of beauty ecosystem by systematically managing data incurred within beauty industry, and data to those in demand through our platform,
On June 2019, Cosmochain launched its main service “FitsMe” based on the 1.5 million data points incurred through its pilot service. So far, FitsMe is performing well, ranking 6th within Beauty Category of Google Play Store, with an MAU of 20,000 people.
● Cosmochain Web: https://cosmochain.io/
● Telegram(Announce): https://t.me/cosmochainannouncement
● Telegram (KOR): https://t.me/cosmochain_english
● Telegram (ENG) : https://t.me/cosmochain_global
● KakaoTalk(KR): https://open.kakao.com/o/gAMfQpU
● Medium : https://medium.com/Cosmochain
● Twitter: https://twitter.com/cosmochain
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