Mossfire Capital co-founder: The trading activity in the Telegram ecosystem is lower than expected, with Banana Gun having only a few thousand to ten thousand daily active users

2024-10-16 21:29:31

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ChainCatcher news, Mossfire Capital co-founder Raymond Huang, during the "Bull Market Approaches, How Can Secondary Investors See Through Market Fog?" Space hosted by RootData, stated that the number of traders in the Telegram ecosystem and the overall scale are much lower than expected. BANANA is the token he is most optimistic about in the Ton ecosystem. Taking Banana Gun as an example, the user base is between 100,000 to 200,000, with daily active users only around a few thousand to ten thousand. This data peaked earlier in the year and has since remained flat with the overall market performance, showing no significant growth.

Huang pointed out that it is still unclear whether the product itself is not attractive enough or if insufficient market demand is leading to low user activity.

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