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Since September, the monthly active users of STEPN have dropped to less than 30,000, and the casting volume of new shoes has dropped by 84%

September 19, 2022
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According to recent data from Dune Analytics, the monthly active users of the M2E application STEPN have dropped below 30,000 so far in September, a 95% drop from May this year.

Additionally, STEPN’s daily user count has also been falling since early September, with new user growth now down 32%.

In terms of new shoe minting volume, the number of new shoes minted per day fell by 84% between June and August, while deposit transactions fell by 91% this month.

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