Analysis

The data presented in the graphs suggests that the Gaines Network Trading Contest had a significant impact on the network's trade volume, number of traders, and number of trade events. During the contest period, the average daily trade volume increased dramatically, from 679K to 1.73 million dollars a day. This represents a 155% increase in trade volume, which is a clear indication of the contest's success in driving activity and engagement on the network. In terms of traders, the contest also had a positive impact. During the contest, the number of traders using the Gaines Network increased from an average of 167 to 688 traders per day, representing a 311% increase in the number of traders. This suggests that the contest was successful in attracting new traders to the network and encouraging existing traders to participate more actively. Finally, in terms of trade events, the contest also had a positive impact. During the contest, the average number of trades per day increased from 300 to 688, representing a 129% increase. This indicates that the contest was successful in driving more trades and creating a more active and engaged trading community. It's important to note that the success of the contest in terms of activity and engagement may not be long-lasting. After the contest, the average daily trade volume decreased to 14 million dollars a day, the number of traders dropped to 115 users a day, and the number of trades per day decreased to 398. This suggests that the contest may have had a temporary impact on activity and engagement, and that the network will need to find ways to maintain this level of engagement in the long-term. In conclusion, the Gaines Network Trading Contest was highly successful in driving activity and engagement on the network. However, the long-term impact of the contest on the network will depend on the network's ability to maintain this level of engagement and find ways to continue driving growth and activity in the future.

Competition Impact on Gains Network