I heard @solana peeps like social media and finance so I made the @hub3ee dashboard so you know what's up.
It's not the first to hit the network, but it made a splash last week when the trading volume of keys spiked to >100k SOL in a day.
Right now the cumulative trading volume is just under $3M, but the activity quickly lost momentum and the platform registered less than 1k SOL in volume in the last day.
A common occurrence we see in the early stages of Social-Fi platforms is that there are fewer traders than the number of profiles being traded. It's the crypto equivalent of 'spray and pray.'
However, the platform was able to attract nearly 5k unique users, with the majority (4.29k) also verifying their accounts and issuing their own keys.
On October 8, Hub3 reached its TVL peak of $146k (6.24k SOL), but it experienced a steep decline to just $40k (1.83k SOL) in a matter of days.
Although the activity is dwindling overall, the platform proved its robustness during peak activity and has a solid user base that can be quickly reignited to bring Hub3's activity back up once again.
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Find the live @flipsidecrypto dashboard in the next tweet 👇
You can now join to hub3 with Twitter, create your key, and dive into a social-fi experience
As keys change hands, their value shifts, hold a key, start a chat
Codes 👇
This is a very big net negative when examined closely, as it stands.
I've talked about @metaplex centralizing things on Solana, mainly through the pNFT standard.
But this? Oh hell no.
I'll explain.
1/🧵