Introduction

Stargate is the first multi-chain bridge built on layer zero. This would draw a lot of attentions to the project. STG is its native utility token of the project. Through Stargate in addition to swapping native stablecoins between chains, users are able to stake STG and receive veSTG for the governance voting.

The Platform has been very recently launched. This dashboard investigates how Strgate user has been growth.

Analysis

The barchart below shows how the daily number of users staked in Stargate has been changed over time.

We can see a downward trend since the Stargte inception.

Looking at the amount of stake, we can see that daily amount of STG staked has been changed over time.

The declining trend is clear.

Conclusion

The Stargate has been started very recently.

The daily number of unique users and amount of STG staked show a declining trend. However, to have a better idea about the future trend we should have a longer time period.

The beginning of projects is often cooccurred with the Twitter or social media campaigns. Therefore, in the first days we experience with spark in the use of projects and after that a decline is expected. However, it is important to see a growing trend in mid term.

The data also shows a turnaround in the daily average of amount of staking per unique users. We can expect that in the next couple of weeks this average staking amount lead to a higher number of stakers together with the higher amount of staking.