OpenChat Weekly Roundup (2-8th Dec 2024)

Last week, OpenChat reached a significant milestone by surpassing 200,000 registered users —a testament to the rapid growth of the $ICP ecosystem.

OpenChat continues to attract a growing number of active users to the ecosystem, setting itself apart with innovative features and functionalities. Notably, with the integration of Decide ID (Proof of Humanity), OpenChat is the only social media platform actively limiting bot accounts.

Key features driving its success include:

  1. Incentives for Active Users: Rewarding engagement through CHIT for CHAT.
  2. Crypto Wallet Integration: Seamlessly combining communication with blockchain technology.
  3. Diverse Features: Prize messages, polls, swaps, audio calls, broadcasts, and more—enhancing the user experience.

OpenChat is not just a platform; it’s a gateway to a dynamic and growing decentralized ecosystem.

OpenChat User registration count: 201.5K

OpenChat User registration count (referred): 90.1K

Source: tokenterminal

The weekly user registration count for OpenChat continues to rise, reflecting its growing popularity. Last week alone, 2.7K new users registered on the platform, with 1.7K users verifying their identity through Decide ID.  

Source: tokenterminal

In addition, the number of daily and monthly active users remains strong, with a clear upward trend:

  • Daily Active Users: 14.7K
  • Monthly Active Users: 26.6K

Source: tokenterminal

Furthermore, the consistent increase in the daily claimed CHIT count highlights the effectiveness and positive impact of the CHIT-to-CHAT initiative, further incentivizing user activity and engagement.

OpenChat’s growth metrics demonstrate its strong momentum and continued success within the ICP ecosystem.

Source: tokenterminal

The average daily user online time on OpenChat remained high last week, totaling approximately 2,200 hours per day. This sustained engagement highlights the platform’s strong user retention and active participation.

Source: tokenterminal

Additionally, developer activity continues to thrive, with developers actively working on the implementation of new features to enhance the platform’s functionality and user experience. OpenChat’s commitment to innovation and growth is evident in these metrics, reflecting its strong momentum within the ICP ecosystem.

Source: tokenterminal

Features and Scalability Updates for OpenChat

 
New Features Implemented Last Week
  • Progress Toward Bot Support:
    • Significant advancements made in supporting bots—this is a major update, and the team is making excellent progress.
  • Token Addition Fee:
    • Introduced a 500 CHAT fee for adding a new token to OpenChat.
  • CHIT Streak Insurance:
    • Began implementing a feature where users can pay CHAT to protect their daily streaks from being lost.
 
 
Scalability Enhancements
  • Stable Memory Migration:
    • Migrated all group/channel members and community members to stable memory.
    • Reduced the size of community events, migrating them to stable memory as well.
    • Optimized UserCache and SearchIndex for better performance.
  • Reduced Running Costs:
    • These improvements have significantly lowered operational costs and enabled OpenChat to scale effectively, preparing it to support millions of users.
 
Miscellaneous Updates
  • Improved Message Order:
    • Fixed the issue of message order jiggling when messages are sent in quick succession (scheduled for release next week).

OpenChat continues to evolve with robust scalability and new features that enhance user experience and prepare the platform for future growth.

Source: x.com/OpenChat

Holder Statistics for OpenChat

The number of OpenChat addresses continues to surge, reaching a total of 136,426 addresses.

Source: icterminal

Key Highlights:

  • The number of addresses holding more than 100, 1,000, and 10,000 CHAT has been steadily increasing.

Source: icterminal 

  • The supply of CHAT held by addresses with 1K–10K CHAT and 10K–100K CHAT reached an all-time high last week.

Source: icterminal 

This trend demonstrates that mid-sized investors are heavily accumulating CHAT, reflecting growing confidence in OpenChat’s potential and its continued adoption within the ecosystem. 

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