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CUB moves up the ranks in DappRadar

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@notak
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2 min read

So it seems every second post I see is talking about CUB and its recent increase in price. I am excited to about the increase in price, but I thought I would write about a different angle, how much the app is being used, and its ranking in dapp Radar

CUB Finance is now Ranked 57 of all BSC apps

As can be seen above, CUB finance is ranked 57th, and its usage has jumped 40%+. not only has the number of users jumped, the transaction volume has completely gone nuts (look at the purple line)

Apps ranked near CUB finance

So I thought I would look at the apps ranked near CUB finance. the list is below: What is significant about this, is if you look at all the other defi apps ranking above it, they are small in terms of dollars, with non of them matching CUB finance's almost $3m in transactions for the day.

Also most defi apps, are one week wonders(please send royalties to re-use this term.. Kidding!), where they launch, the price moons with deposit fees (on small balances.. big money knows to stay away), and then shrinks just as fast as people sell down their rewards. CUB finance has been going for a while, and showing sustainable growth, although at one stage there were fears it would go down the same path, and the LEO team quickly pivoted to a more sustainable future for CUB.

What about Goose finance, the original model CUB used

Goose finance, was one of the models CUB finance used as a basis for their farms and Dens. you can see form the chartts below, its flatlined, and is now ranked 77, below CUB finance

Will it last?

well sadly, the short increase in transaction volume and user numbers, actually might not last more than a day. Why do you say? well, its quite clear everyone has logged in today and moved their funds form the CUB Den top the auto compounding CUB kingdom.

This has two impacts

  1. the one-off increase as people move their funds form Den to Kingdom
  2. With the auto compound, users don't have to log in and harvest as frequently so the daily usage numbers will drop.

So lets have our time in the sun, attract new investors and really capitalise on the one off boost in usage. Perhaps just maybe we can translate some of this hype to continued sustained investors.

One more thing

I noticed Dapp radar has significantly reduced the balance reported in CUB finance, It seems as though it is capturing the market value of CUB, as opposed to the TVL, @shortsegments perhaps that is something to look into to see if we can get them to use the higher number of TVL.

Posted Using LeoFinance Beta