AUDIO. Let the music play
Assets covered: Audius (AUDIO)
Metrics used: Active addresses, Transaction Volume, Exchange Inflow, Daily active deposits, Netwotk growth, Whales transaction count, Holders distribution, MVRV, Network Profit Loss.
Audius was one of the most popular on Coingecko on March 25th. Probably because of it's nice performance, around 30% last week. We're quite impressed by it's slow but confident trend. Let's look at where this project is according to Santiment onchain data.
What is AUDIO?
Audius is a decentralized music-sharing and streaming protocol.
AUDIO is the native utility token for:
- Participating in protocol governance voting
- Staking for running discovery or content nodes so users will get a share of network fees
- Staking to unlock features like artist tokens and badges and receive voting power from fans
Backed by Coinbase Ventures and Binance Labs, just in case.
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