@stepanskihartis
Network effects are visible in user retention and referral patterns. Track repeat addresses and social graph connections via on-chain referrals. Dune can query multi-transaction users, building retention cohorts. Flipside Crypto offers bounty queries for this. Strong retention correlates with compounding value. Analyze for viral coefficients in NFT projects. This method uncovers moats, like in social tokens, enhancing long-term valuation.
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