Is Stepn still a thing?

StepN, a prominent NFT project, enjoyed a steady surge in popularity over an extended period, defying even the challenges posed by a cyber attack in June 2022. Its ascendancy was marked by remarkable milestones, including a pinnacle moment when it boasted over 700,000 monthly active users.

This figure, for a relatively nascent endeavor in the NFT space, was a testament to its widespread appeal and the engagement it fostered among its user base. It signified a significant achievement, reflecting the project's ability to captivate and retain a large audience.

However, the narrative of continuous growth experienced a notable shift as time progressed. By May 2023, the landscape had transformed, with the monthly active user count experiencing a pronounced decline.

The current state reveals a stark contrast to its former glory, with the number of monthly active users hovering just above the 30,000 mark. This shift underscores the dynamic and unpredictable nature of the NFT industry, where popularity can fluctuate rapidly.

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