Tomasz Tunguz (Theory Ventures) · 2022-09-06 · 1367d

Web3 User Behavior Mirrors Web2 Finance Apps: DAU/MAU Analysis

Web3 users exhibit identical engagement patterns to Web2 finance application users, with DAU/MAU ratios of approximately 11% across NFT and DEX platforms. Despite technological differences, user behavior remains consistent regardless of infrastructure, suggesting Web3 marketing strategies should leverage proven Web2 discovery methods.

5 metrics· Cited 0× in the knowledge base ·Open source ↗

Metrics in this report

Combined Ethereum DAU/MAU

11%

mean

NFT and DEX combined usage

Ethereum DEX DAU/MAU

16%

August 2022

Decentralized exchange trading

Ethereum NFT DAU/MAU

9%

August 2022

Non-fungible token trading

Monthly Active Web3 Users

30000000users

approximate

global Web3 ecosystem

Web2 Finance Apps DAU/MAU

10.7%

mean

Web2 finance applications per MixPanel