Unisat’s Growth Skyrockets Following Successful PIZZA Airdrop

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The Essentials in Brief

Unisat, a well-known provider of Bitcoin services and operator of a marketplace for ordinals, has experienced a notable increase in key metrics such as volume, transactions, and user numbers through its recently completed PIZZA airdrop. This increase marks new all-time highs (ATHs) for Unisat in several areas, highlighting the growing activity and interest in the platform.

Unisat Sets New Records

An analysis of marketplace activities on the Bitcoin network reveals that Unisat has recently recorded significant gains in key metrics. Particularly striking is the increase in trading volume, which reached a new record of over 4.5 million dollars on June 9th. This volume is not only an all-time high for Unisat but was also the highest daily volume recorded on any platform that day.

In addition, the number of transactions shows steady growth, with a current peak of over 8,000 transactions. With this increase, Unisat now controls over 48% of the total volume of the marketplace and more than 50% of all transactions.

User Numbers Reach New Heights

Despite impressive growth in volume and transactions, the number of unique users on Unisat has so far lagged behind other major platforms. Currently, the number of unique users is about 125,000, which seems relatively low compared to other platforms, but represents an increase over previous weeks.

A more noticeable change is evident in the daily user numbers statistic. The number of unique daily users reached a new high of over 9,500, surpassing all other platforms. The next competitor had about 6,000 daily users.

The Influence of the PIZZA Airdrop

The main reason for the notable increase in the aforementioned metrics is Unisat’s PIZZA airdrop. A few months ago, the platform announced the airdrop of their PIZZA token. According to a statement on June 9th, all PIZZA tokens were distributed to the addresses that had claimed them. This step has significantly contributed to the increase in activity on the platform.

Our Assessment

Unisat’s PIZZA airdrop has not only significantly increased the on-chain activity of the platform but also set new records in the areas of volume, transactions, and user numbers. This development underscores the growing interest and increasing acceptance of Unisat within the crypto community. It remains to be seen whether this upward trend will continue, but recent events suggest a promising future for Unisat and its users.

Sources: AMBCrypto, Dune Analytics

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