April was another exciting month for Swellchain, demonstrating strong user engagement, improved network stability, and active developer participation. In this report, we'll dive deep into key metrics that showcase Swellchain's progress and potential.
1-User Stickiness (DAU/MAU)
Stickiness measures how frequently users interact with the network, calculated as Daily Active Users (DAU) divided by Monthly Active Users (MAU). Higher stickiness indicates greater user retention and regular engagement.
In April, Swellchain's stickiness reached 0.09, rising significantly from 0.05 in January—a remarkable 80% increase in just four months. This growth highlights stronger user loyalty and recurring network usage.
2-Block Time Volatility
Block Time Volatility tracks the consistency of block creation intervals. Lower volatility means a more stable and predictable blockchain, essential for user trust and application reliability.
Swellchain's volatility decreased notably, moving from 0.62 to approximately 0.58 between March and April. This improvement signals smoother transactions and overall network health.
3-New Active Wallets
Tracking New Active Wallets helps measure network adoption by counting new users engaging actively each month.
In April, even before the month ended, Swellchain recorded a 33% increase compared to March, showing sustained momentum and a growing user base.
4-User Cohort Retention
Cohort Retention reflects how many users continue interacting with the network month after month, starting from their initial engagement.
April saw an impressive retention rate, with 44.48% of users who joined in March returning to use the network again. This rate signifies high user satisfaction and sustained engagement.
5-Effective Contract Diversity (HHI)
Effective Contract Diversity (HHI) assesses how evenly user interactions are distributed across various smart contracts. Greater diversity indicates a dynamic and varied ecosystem.
Since December 2024, Swellchain’s diversity has consistently risen, signaling active exploration and growth within the community, driven by increased developer contributions.
6-Contracts Deployed
The metric Contracts Deployed measures the volume of new smart contracts introduced each month, indicating developer activity and ecosystem expansion.
In April, Swellchain experienced a substantial increase, with a 70% rise compared to March. This surge reflects vibrant development activity and a rapidly expanding application landscape.
Conclusion
Across all key metrics—user retention, network stability, wallet growth, contract diversity, and developer activity—Swellchain has demonstrated remarkable performance. The continued upward trends suggest a bright future ahead, with increasing network adoption and community-driven innovation.
Explore more details through our interactive dashboard curated by the Swellytics team:
Stay tuned for more updates and insights next month!
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