Try Quests to earn AVAXStarsArena Exploration
StarsArena (also known as StarShares) is a SocialFi project on Avalanche with a unique burning mechanism. Let's Explore the top users and other metrics of the project that is taking the ecosystem by storm!
About Stars Arena
Stars Arena much like the innovative platform Friend.tech, introduces a pioneering concept in the world of SocialFi. Users have the ability to seamlessly integrate their X (Twitter) accounts, establishing a direct link between their online presence and the Stars Arena ecosystem.
In this dynamic environment, users transact with the AVAX token to acquire "tickets" from fellow participants. With each transaction, a fractional fee is allocated, contributing to the platform's sustainability and rewarding both the platform and the users themselves. This unique mechanism not only propels the ecosystem's growth but also empowers users by providing them with a stake in the platform's success.
Harnessing the robust capabilities of the Avalanche blockchain, Stars Arena ensures a secure, high-performance foundation for this innovative exchange of value. With its innovative burning mechanism at the forefront, Stars Arena redefines established financial models, instigating scarcity and amplifying the token's intrinsic value.
At its heart, Stars Arena is not just a financial venture, but a community-driven initiative. It aspires to create an environment where users not only find financial incentives but also a sense of belonging and shared purpose. Join us in exploring the metrics and dynamics that drive this groundbreaking project towards a future where value creation is synonymous with community engagement.
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Dashboard by Ali3N
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Email: Alik110.72@Gmail.com
Check out My Other Dashboards at: https://flipsidecrypto.xyz/Ali3N
Welcome to the Stars Arena Dashboard, a comprehensive analysis and visualization tool tailored specifically for this recently-launched groundbreaking SocialFi project on the Avalanche blockchain. This dashboard is meticulously crafted to provide you with a detailed overview of Stars Arena's performance, user engagement, and the unique burning mechanism that sets it apart.
Through this intuitive interface, you will gain valuable insights into critical metrics, allowing you to make informed decisions and strategies for the continued success of Stars Arena. From Total Value Locked (TVL) to user demographics, every aspect is meticulously curated to empower you with actionable intelligence.
- Project Metrics: In this tab, we delve into the core metrics of Stars Arena. We analyze transaction volumes, active user counts, generated fees, Total Value Locked (TVL), and more. This provides a holistic view of the project's overall performance.
- User Analysis: In this tab, we focus on dissecting the activities and demographics of Stars Arena users (within project and also within Avalanche chain). This section sheds light on user behavior, engagement levels, and the diverse makeup of the Stars Arena community.
The data presented on this dashboard undergoes regular refresh cycles, ensuring that it remains current and accurate. Updates occur once every 24 hours, guaranteeing that you have access to the most recent insights and metrics.
According to Cryptoslate, on October 7th, hackers exploited a vulnerability, draining a staggering $2.9 million worth of Avalanche (AVAX) tokens from Stars Arena's smart contract.
In a concerning update, Stars Arena shared that the platform is currently battling a Distributed Denial of Service (DDoS) attack. This disruptive tactic floods the platform with excessive traffic, causing significant operational disruption.
The breach was executed through transaction ID "0x4f37ffecdad598f53b8d5a2d9df98e3c00fbda4328585eb9947a412b5fe17ac5" and the ill-gotten funds were funneled into the hacker's wallet address "0xa2ebf3fcd757e9be1e58b643b6b5077d11b4ad7a".
The aftermath of this attack is substantial. It has not only impacted activity within the Avalanche chain, which was previously on a promising upswing, but has also influenced the price of the $AVAX token (as depicted in the left chart).