Visualizing Hypergrowth: Key Metrics Toward Wide-Scale Adoption

The rigorous design and technical innovations on which Elrond was built have brought to life a high bandwidth, low latency and inexpensive global blockchain network. A blockchain designed to operate at internet-scale speeds and costs opens a fundamentally new solution space for the internet of money.

Powerful tools have opened up a new array of possibilities, resulting in various creative experiments and a growing ecosystem started by developers from around the world.

Indeed, Maiar, a global social money is perhaps the best example of a killer app deployed on the Elrond network. Embedding a distributed name service, attestation smart contracts, meta-TXs and fast execution into a beautiful and intuitive app opens the door for truly wide-scale blockchain adoption. The response to the Maiar launch has been overwhelming.

In fact, Maiar has opened a new growth phase for Elrond. Doubling in only 6 days key metrics achieved in 6 months since the Elrond mainnet launch. 150,000 people, most of them new to the blockchain space, got Maiar and have pushed the transaction volume beyond the 2 million milestone.

This unique combination of technology, design and value is unprecedented and will usher in a new era of hypergrowth for a positive-sum game that is digital, decentralized and open to anyone in the world.

We are therefore thrilled to unveil our Growth dashboard. It offers everyone, everywhere a direct and transparent view of the key adoption metrics that are driving the hypergrowth of the Elrond.

User Adoption

Perhaps the most important metric revealing our network’s adoption is the section measuring user growth. We look at a total number of accounts, categorizing them based on current holdings, to understand distribution.

Usage

Beyond measuring how many people get accounts, we also measure how much they are used via number of transactions.

Staking Metrics

The health of the Elrond staking economy is visualized in one simple graph overlaying the most relevant metrics about the amounts of eGold staked over time. This will become very dynamic after the launch of Staking Phase 3.

Market Value

Value is best seen as a proxy for adoption and user growth. Resulting from the aforementioned metrics, the information regarding token supply, price and market cap provides an easy reference point for comparisons and overall measuring.

Social engagement and other metrics are tracked, to combine into a powerful dashboard for the Elrond ecosystem. Measuring key metrics within the Elrond ecosystem is an important part of the Elrond decentralization process. Phase 3 referring to full Decentralization, will go into effect, enabling even wider distribution, community governance and contributions.

We are early but adoption is here. Onboarding the next billion people has just begun.

Watch it unfold ➡ https://growth.elrond.com