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Is STEPN [GMT]’s failure a result of the tokenomics strategy? Here’s assessing
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STEPN [GMT] was recently highlighted in a recent Messari Twitter thread which evaluated its performance before and after Solana [SOL] network woes. The thread showcases how market changes can disrupt and potentially destabilize dapps.
According to the Messari report, Solana accounted for roughly 20% of the fees generated by Solana users before the crash. This was during the Q2 2021 during which STEPN leveraged Solana’s robust growth.
Fast forward to the present and STEPN is struggling to gain new users its profitability is down considerably.
<p lang=«en» dir=«ltr» xml:lang=«en»>1/ @Stepnofficial once accounted for 20% of the daily fee-paying users on @solana.After its crash, the team has been busy adjusting the game to improve user experience and tokenomics.
Can STEPN be fixed? Or is the game's model past saving?
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