The growth of Open Chat is nothing short of impressive, with significant increases in daily and monthly active addresses, users, and use cases, as well as interactions such as messages, reactions, and polls. This platform is truly standing out within the Internet Computer Protocol (ICP) ecosystem.
For instance, Open Chat has hit remarkable milestones, including 15.7K daily active addresses and 26.9K weekly active addresses, showcasing a 6.85% growth since February 2024. The platform has also added over 85,000 new users in 2024 alone, bringing the total number of users to 25.8K. Furthermore, Open Chat has become a major contributor to the success of ICP, especially in terms of user engagement and the integration of Proof of Humanity through Side ID, which now has more than 28K verified users.
The platform’s performance is reflected in increasing daily and weekly messages, reactions, and other interactions. Open Chat’s daily message count and user engagement trends show consistent growth, with a substantial rise in user online time, with 2.5K hours recorded on December 29th alone.
Additionally, Open Chat’s market cap stands at under $40 million, indicating the platform’s potential for future growth, especially as its user base and feature set continue to expand. The project is evolving as one of the most promising within ICP, with the potential to revolutionize web3 messaging and social media through its on-chain ecosystem.
This performance is a solid indicator that Open Chat’s growth could drive broader success for the ICP network. However, it’s essential to remember that this is a long-term vision. While the platform shows excellent progress, it is crucial for users and investors to track these developments carefully. As the platform’s features evolve, Open Chat could very well become a major player in the decentralized communication space.
