Bolide Weekly Update 29 Jan - 04 Feb

Hey everyone!

We made several key updates:

  • Enhanced onboarding with AA (no more gas fees) and social login for a web2-users experience - testing it (will launch by the end of this week)

  • integrated Base blockchain - testing it (will launch this week)

  • Hosted the Frames Hackathon in London (Farcaster’s feature), where our team started building a crypto market prediction Frame. We’ll launch it this week. Here is happy picture of London’s builders https://www.linkedin.com/posts/ox-bid-25a557250_i-recently-and-spontaneously-organized-a-activity-7161002695447732225-civT?utm_source=share&utm_medium=member_desktop

  • Launched a simple referral program offering $5 for 5 new users

  • Gathered insights from crypto user interviews, indicating that crypto natives use web3 wallets for airdrops, DeFi, memes (play with market) but not for long-term investments. We're exploring meme tokens trading as a potential hook for Bolide.

Key Weekly Metrics:

  • Active users: 2.71K (85 new users vs 49 the previous week, with 16 users coming from referral links).

  • Completed 366 trades to date, despite having only one feature – swap, and a limited selection of tokens.

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