November 14, 2018 12:00 am

Dash Sees "Mixed Signals on User Growth", Active Adresses Jump by 36%

Dash, one of the Top 15 cryptocurrencies by market capitalization, is seeing more and more adoption, especially compared to the results a year ago, but the total payment volume and number of downloaded mobile wallets has been decreasing, according to their Q3 results.

โ€œWe saw mixed signals on user growth, but overall the metrics appeared steady despite the market price declines,โ€ CEO Ryan Taylor said during a quarterly conference call, adding, โ€œUsage metrics were also strong, including record trading volumes. However, itโ€™s important to note that the community performed a stress test in July that increased several of these metrics [such as transaction count, private send and instant send] in an artificial way.โ€

According to the report, Dash now has 47,750 daily active addresses โ€“ an increase of more than 36% compared to last year, but only slightly more than last quarter. More than half a million addresses hold more than USD 1, indicating actual use and not just creating an address for experimenting, which is an increase of 1,306% compared to last year. The average daily median transaction value is USD 30.5 โ€“ a steep decline from last year.

Read Full Article:

Author: Cryptonews
Original link: https://cryptonews.com/news/dash-sees-mixed-signals-on-user-growth-active-adresses-jump-2915.htm


About the author


dash