StarsArena is a cutting-edge social media platform that draws inspiration from Twitter while incorporating a range of distinctive features specifically tailored for crypto enthusiasts. This innovative platform was created by a developer known as theBuilder, who goes by the handle @hannesxda.

StarsArena vs. Twitter: Unveiling the Advantages

StarsArena isn't just another run-of-the-mill social media platform. It offers a range of unique features that set it apart from Twitter and make it a compelling choice for crypto users. You can take a closer look in this Link.

StarsArena, a decentralized social media platform on the Avalanche network, has left a significant mark with its impressive statistics and impact. In its history, it has processed about 1.7 million transactions, engaging around 25,000 users who collectively spent 1.8 million AVAX. On average, users spent about 1.1 AVAX and conducted approximately 80,500 transactions daily, while hosting an average of 1,200 users.

The peak daily user count reached 11,400 on October 6th, including 5,130 new users. This platform has successfully welcomed around 25,000 new users, showcasing its growth. Most users transacted between 2 and 5 times, and the majority of transactions were under $10 in volume.

When analyzing user behavior, it's evident that buying dominates over selling, with approximately 343,000 transactions, 5,710 users, and $6.6 million USD in volume. The platform's highest activity was on October 3rd, with 2,600 transactions and 111,000 users, culminating in a peak daily volume of $2.36 million USD on October 6th.

StarsArena's top users stand out, with one user conducting approximately 30.4K transactions, while another user managed the highest volume at 166K AVAX. Notably, another user recorded the highest sales volume with around 27 AVAX, while a different user held the record for the highest buy volume at about 165K AVAX.

In terms of revenue, StarsArena has accumulated about 8.6K AVAX (equivalent to 80.1K USD) in its history, and its revenue trend is generally upward, with a peak of 5K AVAX on October 3rd.

The impact of StarsArena on the Avalanche network is substantial. It dominated transaction shares between October 3rd and 6th, despite having fewer daily users than some other applications on the network. StarsArena represents approximately 33% of all transactions but has less than 6% of all users on the network.

StarsArena's users have executed 1.8 million transactions on the Avalanche network, with their highest activity in October. Trader Joe is the most popular project among them, with about 8.15K transactions. The "Dex" label is the most preferred, appearing approximately 9.33K times, and "Transfer Event" leads with about 12.8K transactions.

Friend Tech emerges as the dominant SocialFi platform, but Post Tech and StarsArena occasionally surpass it. Friend Tech holds around 54.5% of all transactions and 60% of all users, whereas StarsArena, while making a significant impact, represents around 23.5% of transactions and only about 7% of users in this ecosystem.

This dashboard serves as an in-depth exploration of the StarsArena Platform operating within the Avalanche network.

The dashboard is structured into eight distinct sectors. In the first sector, I introduce StarsArena and outline my research methodology. A summary of the findings can also be found within this section.

Moving on to the second sector, you'll discover a wealth of general data related to StarsArena, including key statistics such as the total number of transactions, user counts, and trading volume.

The third sector delves into the investigation of user activities, specifically focusing on buy and sell actions.

In the fourth sector, I present a comprehensive examination of the top user statistics associated with StarsArena, spanning from its inception.

Shifting to the fifth sector, I provide insights into the revenue generated by StarsArena since its inception.

In the sixth sector, the impact of StarsArena on the Avalanche network is scrutinized in detail.

The seventh sector is dedicated to the examination of StarsArena's user activity within the broader context of the Avalanche network.

Finally, in the last sector, I engage in a comparative analysis, contrasting StarsArena with other SocialFi platforms during the given timeframe.

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