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kenny 🎩 pfp
kenny 🎩
@kenny
some buildinpublic reflections on the last year of /poidh @yesyes was kind enough to update our Dune dashboard with a graph of unique active wallets + total daily transactions across all chains my thoughts πŸ‘‡ the good: - we've maintained consistent baseline metrics the bad: - the peaks have progressively declined this graph is a reminder of how data can check your instincts as a founder because, based on my "vibe" over the last few months, I would think we were trending up to start the year but, in reality, we're stagnant so what went wrong? important context: -my technical cofounder stepped back from an active role in June 2024 which made it difficult to improve the app's features -freelance devs/open source contributors stepped up to the plate throughout the rest of the year (shoutout @yukigesho.eth, @l0wlevelcr0w, @whtsupbab3, and @gayatri, you are all my heroes) -nonetheless, dev hours were limited and we probably only averaged ~5 hours of real dev work per week for all of 2024 1/3
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kenny 🎩 pfp
kenny 🎩
@kenny
in addition to the lack of dev time, we've had less capital to throw at promotional bounties the peaks from last spring came around the time we received our 500,000 DEGEN Deploy on Degen Week grant and, subsequently, distributed it back to the community via Degen Chain bounties with all this in mind, my silver linings are: - we're maintaining user momentum while the amount of money we're spending to subsidize bounties has gone ⬇️ significantly - when removing Degen Chain transactions from the equation, baseline unique active wallets and transaction numbers are ⬆️ to start the year (see analytics from DappRadar for Arbitrum + Base) - the market is down overall and everyone is depressed, not the worst environment to sit back and be happy with a consistent baseline - while dev time has been thin, we've made HUGE strides with what was available - the app is faster than ever before, we have a v2 frame that's made claim submissions silky smooth, and GitHub is clean + organized 2/3
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kenny 🎩 pfp
kenny 🎩
@kenny
so what now? I'm blessed to be able to take my time with poidh it's a side project, I have no investors I'm beholden to, and the burn rate is low I can continue running it for years and there's no reason I wouldn't I'm as in love with the concept today as I was in 2022 (some poidh lore...the app idea was the first thing I posted when I created my Farcaster account) when I'm not busy figuring out SEO problems and spending time with the family, I'll continue brainstorming marketing ideas and networking to spread the meme of fully onchain photo bounties + PoW NFTs + micro DAOs I've been in crypto for a long time and one of the most enduring lessons is that you have to survive until you get lucky the fundamentals of poidh's product are strong enough that I believe we will have that lucky breakthrough moment in conclusion, shoutout to all the early users, friends, and devs that have carried us this far! I'll do whatever I can to make you proud 🀝
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