$1.2 Billion Metaverse Project Has Only 38 Active Users

According to DappRadar, Decentraland, a $1.2 billion Metaverse project, has only 38 active daily users. 

You might wonder what's happening in the metaverse right now. One data point implies that users might not be coming back every day when looking at two of the biggest companies with valuations of over $1 billion. Decentraland, an Ethereum-based virtual environment, had 38 "active users" in the previous day, compared to competitor The Sandbox's 522 "active users," according to data aggregate DappRadar.

It's significant to note that DappRadar defines an active user as any interaction a certain wallet address has with the platform's smart contract. For instance, login into The Sandbox or Decentraland to spend SAND or MANA, the respective native utility tokens for each platform, is regarded as a "active use."

Because of this, DappRadar's compilation of daily "active users" does not include users who merely log in to a metaverse platform to engage with others or who short vi...