If you are a frequent Newdex user, you may have noticed that Newdex's 24-hour turnover has been decreasing in the last few days.
Today is the opening date of the Newdex platform Token NDX/EOS trading. Frankly, we could have faked some volumes in the starting days, decorating the data a bit so that the price of NDX would be increased effectively.
However, we consider that data authenticity is more important. No volume faking is the the bottom line that we always adhere to. Guaranteeing the authenticity of volume is to maintain honesty to Newdex users and investors, which can truly reflect the development of EOS ecology and makes Newdex a barometer of EOS ecology. Faked volume can be impressive, yet losing its reference value, and would seriously mislead investors.
According to the background data analysis, Newdex user traffic fell slightly by only about 5%, while the 24-hour turnover fell by more than 80%. We also found that the network-wide CPU utilization and Dapp's 24-hour trading flow are decreasing.
In our analysis, the factors contributing to the decline in Newdex's 24-hour turnover include:
1. Holiday factor
Recently there were Christmas holiday and New Year's Day holiday. During the holidays, users' willingness to deal drops more obviously;
2. Dropping of Dapp Heat
EOS Dapp went through the big boom, and there were various kinds of Dapp with lots of diverse fun. But due to the serious homogenization and the immature production, the user appears tired psychology. Also the innovative new form of Dapp is still missing and expected, leaving Dapp in the development throes at present, causing a decline of the overall activity.
Newdex believes that Dapp will have its spring again in the near future because there will be demand for decentralized applications. In the cold winter stage, Dapp team can rethink the product positioning and rediscover the value of Dapp. We wish Dapp team to survive in the cold winter, and look forward to the next Dapp boom to surprise us!
Newdex will also keep exploring in the cold winter, serve the users better and create more value for investors! We hope that you could continue to support us and stay tuned, thank you!
December 31, 2018