When you think about “mass users” or the most common users of the protocol, exactly what deposit amount comes to your mind? And what do you think leads an user to deposit that amount, why not more, why not less?
Okay, now take a look at this number:
This is the median balance of our most engaged users currently deposited. (Polygon) (March 5th)
For anyone that doesn’t know, a median number is sorta a way of looking at “average” but that’s it’s not “thrown off” by a small proportion of extremely large or small values, and therefore provides a better representation of what’s the “typical” value.
Where did I get that number?
It’s the median of the current balances of all wallets who claimed the NFT from the Valentine’s campaign, excluding < $10 balances and new users who entered during the campaign.
In other words, these are our users that are not only deposited, but actually actively engaged with the community (participate in our campaigns), and likely the most faithful.
Now, why such seemingly arbitrary conditions to pick that number?
Because that’s actually one of our best case scenarios:
$179,99 is the median of all depositors on Polygon (excluding < $10 balances) (as of today)
$125,00 that same number on Avalanche
Okay but, it’s normal to split wallets, that would explain it, well… that’s true, but even in ETH mainnet, where users are highly discouraged to split and to deposit small amounts, the current median balance sits at
$416.92, again, excluding < $10 balances.
So, what do you think explains these seemingly low amounts? I have my theory coming up in Part 2!
- I was expecting them to be higher
- I was expecting them to be lower
- Kinda exactly what I thought they would be
And maybe most importantly:
How do you think is the current experience of the typical users of PT? Could we improve it for them?