Soneium Ecosystem Sees 44-65% User Decline Yet Maintains High Transaction Volumes

Recent data from the Soneium blockchain ecosystem reveals a significant trend: while the number of unique active users across its top decentralized applications (dApps) has declined, the transaction volume on these applications remains robust. This divergence suggests that a smaller, highly engaged user base is driving significant transactional activity within the Soneium ecosystem, particularly in the SocialFi, GameFi, and DeFi sectors.

UneMeta, the largest dApp by user count in the Soneium ecosystem, experienced a 65% drop in unique users over the past 30 days, falling to 344,000. Despite this decline, the platform processed 506,000 transactions during the same period, indicating sustained activity. Similarly, Evermoon, a GameFi project, saw a 55% decrease in unique users to 152,000, yet it maintained high activity with 2.62 million transactions. KYO Finance, a decentralized exchange, registered a 45% drop in users to 19,700 but recorded 9.22 million transactions, showcasing intense trading activity relative to its user count. Sake Finance, a cross-chain lending platform, experienced a 44% decline in users to 17,800, while logging 87,000 transactions.

The overall health of the Soneium ecosystem remains strong, with over 2 million total wallets and more than 70 million transactions processed. The network also maintains over $130 million in Total Value Locked (TVL), demonstrating a solid foundation of capital and transactional intensity despite the recent drop in individual dApp user engagement. This sustained transaction volume, despite the decline in users, suggests that the remaining users are highly active and engaged, contributing to the ecosystem's overall robustness. The continued high transaction volumes indicate that the core user base is actively utilizing the dApps, which is a positive sign for the long-term viability of the Soneium ecosystem.