SX Weekly #15 - New User High!
Betting volume is flat but SportX seeing new user highs once again
📈 SX Snapshot
$SX Token Price: $0.61
SX Betting Volume (7d): $3.26m
SX Treasury Value: $46.6m
🎢 SportX Hits a New Daily Active Bettor High
There’s been an interesting divergence happening over the last few weeks in which betting volume has been relatively flat, while daily active bettors has steadily risen week after week with a new record high being hit this past weekend (source: DappRadar):
To make this more clear, here’s a chart showing users with a 7-day smoothed average:
As we’ve highlighted in the past, the core community of SportX tends to be composed of very large bettors (check out the Largest Bet leaderboard!). This means that weekly volume numbers has tended to be lumpy as it is dependent on a few large bettors.
The community has been focused on expanding the audience over the past two months, and this has clearly bore fruit with the increase in new active users with the recent Exodus partnership, Bet Credit Launch, and other initiatives bringing in new community members.
This is crucial as the more users using SportX, the more users and the larger the community there will be for all the different applications and use cases of SX Network!
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💻 About SX Network
SX Network will be the first public blockchain to combine a smart contract platform with an on-chain community treasury and a native prediction market protocol. SX Network is a stand-alone smart contract blockchain built on the Polygon SDK. It is designed from the ground up for blockchain application developers with EVM-compatibility, low-cost transactions, and a PoS-based consensus model.