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Web3 is drowning in metrics, most of which paint an unclear picture. Transaction volumes, token prices and flashy headlines often mask what really matters: the quality of user engagement and the potential for organic, exponential growth. As the industry moves beyond the hype, reliable, data-driven signals of success are no longer optional — they’re essential. Here’s the good news: the tools to cut through the noise already exist. By combining multiple on-chain metrics into a single “health index” score indicating the depth and quality of overall user engagement, we can identify which chains are truly thriving and poised for long-term growth. With 2024 coming to a close, let’s dig into what these signals reveal about today’s leading chains, and what we can expect in 2025. Assessing user quality using aggregated, not isolated, data When creating a sustainable on-chain ecosystem, it doesn’t make sense to optimize any single user action. What’s needed is context — a way to quantify not just everything users are doing, but how and why it matters. One promising approach to achieve this is to aggregate user behaviors into five core categories: Transaction Activity, ranging from spot trades to smart contract interactions. Token Accumulation in the medium-to-long-term, and other “investment” behaviors. DeFi Engagement for activities like staking, lending and liquidity provision. NFT Activity such as minting, trading and utility-driven interactions. Governance Participation to quantify DAO or protocol governance contributions. Crucially, these metrics should not be treated equally. A better approach is to weigh and combine them using a Bayesian model to generate a single top-line “score.” Unlike traditional scoring systems that rely on static thresholds or simple averages, this lets us incorporate both prior knowledge (what we expect from an “average” wallet) and new evidence (actual activity observed on-chain). These dynamic, multi-variate scores are much harder to game and therefore more likely to reveal accurate, actionable insights. What the data tells us about 2024 The above approach provides a fresh perspective on each chain’s user activity through 2024. Let’s zoom in on some of the more surprising findings. Solana (the top light blue line that peaks at ~2.75) attracted a huge share of high-quality users between February and mid-March, but engagement quality has fallen since. Interestingly, this downslide coincided with SOL’s first price and trading volume spike of 2024, and has continued through the current memecoin mania. Repetitive actions have diminishing returns when assessed using a Bayesian model, meaning multiple token swaps yield smaller score improvements than engagement across multiple types of activities, for any given wallet. This suggests most Solana users are currently engaged in a narrow range of on-chain activities that aren’t contributing to Solana’s multi-sector growth. As for Ethereum supporters (the bottom orange line that begins at just above 1) who expected this year’s ETH ETFs to be a game-changer, the numbers paint a different picture. Ethereum’s low and stable user score through H1 2024 suggests that this year’s bullish developments did not spur broader ecosystem participation such as DeFi activity and protocol governance. It’s also worth noting that Axelar (the dark blue lines that begins at 2.5) had the most active users across the broadest range of on-chain activities relative to its total user base, according to the data. While Axelar is currently much smaller by TVL than the legacy chains dominating today’s headlines, this is an intriguing signal that warrants closer inspection — and would have been missed if we were looking at market cap or trading volume alone. The takeaway here isn’t that Solana is doomed and Axelar will inevitably become the world’s biggest chain. There is limited value in comparing these types of scores across chains, since each score is proportional to the user quality of its corresponding chain. In other words, a Solana user with a score of “4” may be very different from a “4” on Axelar, given the differences in each chain’s baseline activity. As such, these scores are most useful when tracking changes in the quality of a chain’s overall user activity over time, not cross-chain comparisons. Predictions for 2025 With that said, what does each chain’s user quality track record tell us about next year? For starters, it’s clear that Solana faces significant challenges and opportunities entering 2025. The chain’s trajectory depends on its ability to retain its massive casual user base and expand their range of on-chain interactions. Failure to do so could result in a significant slump once memecoins cool off — although data from early 2024 suggests the chain has a large contingent of quality users that will endure regardless of what happens short-term. 2024 demonstrated Axelar’s ability to attract a concentrated user base engaged in diverse, sustained on-chain activities, rather than speculative surges. Now, Axelar’s challenge will be upscaling its ecosystem without diluting the quality of its user base. This may involve prioritizing high-profile partnerships to unlock new audiences while creating more newbie-friendly onramps across its dApp ecosystem. Ethereum’s fragmentation has shifted many active users to its faster, cheaper L2 ecosystem, and so we may see mainnet activity increasingly consolidate around core features protocol staking and governance. These activities are critical for the broader EVM ecosystem, but this trajectory may be penalized by scoring systems that reward diverse on-chain engagement. This dynamic underscores a challenge for scoring systems: prioritizing wide-ranging user activity can present an incomplete picture when applied to task-specific networks (or general purpose chains that are evolving into something more specialized). As a result, it’s important to clearly define what success means for whatever chain is being evaluated and use a scoring system that captures the corresponding user actions. A better way to define, and drive, on-chain growth Web3 has spent too long chasing the wrong metrics and failing to view the data in aggregate. In 2025, the winners will be those who find multivariate ways to measure — and act on — what matters most: user quality. By incorporating new scoring methods into their dashboards, on-chain intelligence platforms can provide more meaningful insights to investors and industry observers. At the same time, Web3 builders can use these scores to clarify top priorities and drive user engagement and value creation. Ultimately, this will help the entire industry shift away from hype-driven narratives to data-backed strategies that unlock the full potential of Web3 in 2025 and beyond.
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Donald Saves Crypto (DONALCRY) Solana Memecoin Will Explode Over 18,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag
Donald Saves Crypto could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Donald Saves Crypto (DONALCRY), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days. This is because DONALCRY is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Donald Saves Crypto can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Donald Saves Crypto could become the next viral memecoin. Donald Saves Crypto launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Donald Saves Crypto on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Donald Saves Crypto by entering its contract address – Gyy3ss5Yj2ioZWuz6BNbDPGUGUxhwoCskRuU2cGo9k2Q – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DONALCRY. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. CoinDesk
Best Coins to Buy Now for Massive Gains in New Year: Qubetics Joins Hands with Swift, Cardano Surpasses $1, and Tezos Surges 13.84%
The crypto market is buzzing as we wrap up 2024. Qubetics has made a splash, raising $7.5 million and selling 372 million tokens in its presale. Meanwhile, established players like Cardano (ADA) and Tezos (XTZ) are experiencing significant growth, catching the eyes of investors and enthusiasts alike. Qubetics is stepping up to tackle real-world issues that previous crypto projects have struggled with. By focusing on user-friendly solutions and seamless integration with existing financial systems, Qubetics aims to make cryptocurrency transactions as straightforward as everyday payments, bridging the gap between digital assets and daily financial activities. Qubetics ($TICS): Revolutionizing Crypto Transactions Qubetics is on a mission to simplify how we handle digital assets. Their non-custodial multi chain wallet is designed to make crypto transactions as easy as using Apple Pay or Google Pay, whether you’re on iOS, Android, or desktop. This means you can manage your crypto just like any other payment method, without the usual headaches. Imagine you’re running a small online store. With Qubetics’ wallet, accepting crypto payments becomes a breeze. The smart contract conversion feature automatically turns digital assets into fiat currency at the point of sale, protecting you from market volatility and ensuring stable, secure transactions. This integration with major financial institutions means you can focus on your business without worrying about the complexities of crypto. As of now, Qubetics is in the 14th stage of its presale, having sold over 372 million tokens to more than 11,500 holders, raising upwards of $7.5 million. You can snag $TICS tokens at $0.0377 each, but act fast—the price is set to jump by 10% in the 15th stage this weekend. Qubetics Integrates SWFT Blockchain to Deliver Next-Generation Wallet Qubetics has revealed a game-changing integration with SWFT Blockchain, paving the way for a state-of-the-art wallet experience. The new Qubetics Wallet will feature seamless cross-chain swaps, multi-asset compatibility, and robust security powered by SWFT. Cardano (ADA): Steady Growth and Future Prospects Cardano has been making waves in the crypto space, with ADA recently surpassing the $1 mark—a significant milestone for the project. Analysts are optimistic, eyeing a potential rise to $1.5, driven by large holders accumulating 160 million ADA tokens after its drop to $0.91, signalling renewed confidence in the asset’s potential for recovery. Looking ahead, Cardano’s roadmap includes the upcoming Plomin hard fork and governance evolution, highlighting its push toward long-term ecosystem growth. These developments aim to enhance the platform’s scalability and governance, making it more attractive to developers and investors. For those considering their crypto investment options, ADA’s recent performance and future plans make it a contender among the best cryptos to buy in December 2024. Tezos (XTZ): A Resilient Performer in the Crypto Market Tezos has been showing impressive performance lately. In the last 24 hours, XTZ has surged by 13.84%, currently trading at $1.55. This growth reflects a strong bullish momentum and a considerable rebound of 134.89% in the last month, placing XTZ as one of the cryptocurrencies to watch closely. Additionally, Tezos has seen a significant increase in its gaming ecosystem, with a 558% rise in active gamers. This surge is driven by the launch of several new games, such as Coin Blast and AI racing game Track Mind, contributing to the platform’s growing popularity. Investors looking for emerging opportunities may find XTZ appealing, especially considering its technological advancements and growth potential. What Is Your Choice? As December 2024 unfolds, the cryptocurrency market presents a variety of promising opportunities. Qubetics’ innovative approach to simplifying crypto transactions, Cardano’s steady growth and upcoming developments, and Tezos’ technological advancements and ambitious targets make them noteworthy considerations for investors. Based on the latest research, we recommend considering $TICS, ADA, and XTZ as some of the best cryptos to buy in December 2024 . For More Information: Qubetics: https://qubetics.com/ Telegram: https://t.me/qubetics Twitter: https://twitter.com/qubetics The post Best Coins to Buy Now for Massive Gains in New Year: Qubetics Joins Hands with Swift, Cardano Surpasses $1, and Tezos Surges 13.84% appeared first on TheCoinrise.com . CoinDesk
