Data interpretation of the rise of "NFT Farmer" MOBOX

This article comes fromDapprader, original author: Ian Kana

Odaily Translator |

Odaily Translator |

Nowadays, earning money games begin to combine the advantages of DeFi and NFT, use financial mechanisms and game systems to empower users, and gradually become more and more popular. Known as "NFT Farmer", MOBOX has become a rising star in this field. Not only are these games attracting record numbers of users, but they also provide an entry point for crypto beginners who want to enter the Web3 space but have no clue.

In addition, in the MOBOX game, players can also become a Liquidity Provider (LP) by staking tokens or stable coins to obtain the token "KEY" as a reward. "KEY" can be used to unlock NFT. These NFTs are actually various characters in the game. Through it, you can participate in various gameplays. In addition, they can also be used as mortgage assets to obtain airdrop rewards. It has to be said that MOBOX represents the real GameFi, and NFT plays a vital role in this ecosystem.

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MOBOX: The best gamified financial product on BNB Chain?

As a blockchain solution, BNB Chain is very suitable for the needs of MOBOX, because it is compatible with EVM, but also has multiple consensus layers and can be connected with other blockchains. At the same time, BNB native tokens also reduce transaction costs on the BNB Chain and increase transaction speed. Be aware that transaction cost and speed are two key factors for the success of any blockchain game.

Fundamentally speaking, the MOBOX team actually built a decentralized exchange (also called an NFT market) combined with GameFi, so as to open an entrance for laymen who want to benefit from GameFi. Through entertaining and educational methods, users can not only have an interesting experience in the game, but also learn various knowledge about investment, farming income and NFT. Binance Smart ChainWhen MOBOX was launched in April 2021, the blockchain industry saw a year-on-year growth rate of 158%. At the same time, driven by blockchain games, there were as many as 1 million daily independent active wallets on all chains at that time. During the same period last year, the number of BNB Chain users increased by 61%, ranking second among all blockchains at the time. You know, at that time DeFi decentralized applications accounted for 96% of all blockchain activities on BNB Chain. With the development of the NFT market on the chain, earning games and GameFi dapps, BNB Chain is developing towards the diversification of GameFi and NFT step by step. It is worth mentioning that at that time BNB Chain (also known as the

With the development of BNB Chain, the market structure has also undergone fundamental changes. While other GameFi projects are emerging, MOBOX is quietly brewing for the next explosion. The boom in NFT sales at the time, the increased utility of tokens, and people’s desire for passive income also played a role in fueling the flames.

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Data Interpretation The Rise of MOBOX

In the first month of its launch, MOBOX managed to attract over 44,000 unique active wallets, roughly an average of 1,500 per day, and completed over 181,000 transactions totaling $23.1 million.

By May 2021, the number of unique active wallets on MOBOX climbed to 152,000, with a daily average of 4,900, three times that of April; transaction volume jumped to $116 million, almost five times that of April. This is all due to the fact that users began to buy NFT frantically and actively participated in the DeFi mechanism, and began to get rewarded from it.

Immediately after June and July, the growth of the MOBOX platform began to stabilize, which indicated that MOBOX had found the right way to attract and retain users.

By August 2021, as investors, traders, and the cryptocurrency community scrambled to find the next Axie Infinity, after all, everyone wanted to become the "king of chain games", a revolution in earning games and GameFi began. By the end of the third quarter of 2021, an average of 1.54 million unique active wallets are participating in decentralized applications per day, 49% of which are related to blockchain games. And MOBOX continued their strong momentum in the second quarter of 2021 through their efforts. As the graph shows, the number of unique active wallets and transaction volume connected to MOBOX nearly doubled in Q3 2021, largely due to the launch of Binance Launchpool by MOBOX in August. Binance Launchpool allows users to stake their BNB, MBOX, and BUSD into a single pool for MBOX tokens.

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Data witnesses significant growth of MOBOX

Shortly after the Binance Launchpool announcement was made, the number of MOBOX users increased by 170% to over 28,900 in total. In addition, MOBOX also announced a series of lucky draws in August, and the prizes included MOMO NFT, which may also be another key factor leading to the surge in users. As the deadline for lottery entries approached, more and more users began to flock to the platform.

MBOX is the native token on MOBOX. With the increase of transaction activities on the platform, more and more value is locked in the smart contract. At the same time, the attractiveness of the platform has also greatly increased, which has a positive impact on the price of MBOX. Indeed, just after the series of activities planned by MOBOX began, the price of MBOX tokens began to rise steadily, from $1.98 on August 18 to $9.77 on August 28, an increase of more than 393 in just ten days %.

All of this, combined with a surge in user interest in earning games, has given MOBOX another big leap in September 2021, and it's hard to believe that this happened only five months after the game launched. months later. Next, MOBOX did not rest on its laurels, but continued to explore more game mechanisms to attract and retain users. We found that since September 2021, the number of independent wallets connected to MOBOX has increased steadily. Not only that, but following MOBOX’s record NFT transaction volume of $65.4 million in August, September’s results were even more astonishing, with NFT transaction volume on the platform almost doubling to over $109 million.

On December 30 last year alone, the NFT transaction volume on MOBOX increased by 359% to 9.26 million US dollars, successfully surpassing Axie Infinity and Bored Apes, and topped the trading volume list of the day.

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Summarize

Summarize

After experiencing the glory of playing and earning games in 2021, the strong trend is still continuing. Judging from the large amount of funds raised, the game team undoubtedly has no worries about ammunition, and they can continue to develop and improve the current product without any worries. And more importantly, the public has begun to feel the power of NFT and earning games.

I have to feel that MOBOX has achieved amazing growth in less than a year since its launch. Who would have thought that it can now keep pace with the "game kings" such as Axie Infinity and Splinterlands. The next step is to test whether MOBOX can continue to consolidate its position in the fierce market, and see what strategies they have to develop the platform and retain and attract more users.