Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Crypto Analyst places Bitcoin price at $ 120,000 if this range breakdown happens

2025-05-22

Solana to get a big design prevention

2025-05-22

Avalanche rises 11% to $ 25 NA FIFA reveals blockchain and Vaneck Eyes Fund

2025-05-22
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Solana to get a big design prevention

    2025-05-22

    World3 Powers AI-driven Governance on-Chain with Quack AI

    2025-05-22

    Validation Cloud implements AI -Engine on Hedera

    2025-05-22

    Sony announces the Mavet launch of Soneium Blockchain

    2025-05-21

    Nitro Labs launches data anchor to lower the storage costs of Solana

    2025-05-21
  • NFT

    FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

    2025-05-22

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Solana (SOL) strives higher with strong copper support, next stop $ 200?

    2025-05-22

    Bitcoin price reaches new all time above $ 111,000

    2025-05-22

    Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

    2025-05-22

    Bitcoin price rays to New All Time Bulls takes the lead

    2025-05-22

    Mike Novogratz says that weakening dollars, broadening the shortage and the deteriorating financial situation of America ‘very good’ for Bitcoin and Crypto

    2025-05-21
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»DeFi»Worldcoin verification defies concerns; How about WLD?
DeFi

Worldcoin verification defies concerns; How about WLD?

2023-08-07No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • WorldID verification doubled despite increasing scrutiny of the project.
  • The daily trading volume of WLD dropped and sentiment tilted negative.

Despite several controversies surrounding the project, Worldcoin [WLD] registered a 100% increase in ID verifications in the last seven days. According to the project’s official blog, the milestone occurred as a result of the additional rollout of Orbs.


Realistic or not, here’s WLD’s market cap in BTC terms


For context, the Orb is Worldcoin’s eye-scanning technology used to create a WorldID in exchange for the project’s WLD token. So, the surge in verification implied an increase in global demand for WLD.

Are users ignoring the concerns?

Beyond the increase in WorldID verification, Wordlcoin noted that there was a notable surge in the WorldApp usage and account creation on the platform. The project also mentioned that it took a whopping seven months to double verifications before this latest one saying that, 

“What’s noteworthy here is that the rate of World ID verifications had already doubled once in 2023. Between January and July, World ID sign-ups went from one million to two million in less than half the time it took to reach the first million.”

Unfortunately, the rise in adoption has not triggered a change in sentiment. Previously, the probe by countries including France, Kenya, and Germany reversed the positive aura around WLD.

According to Santiment, WLD’s weighted sentiment fell to its lowest since its launch. The weighted sentiment takes into account the unique social volume around a project by looking at the commentary around it.

The metric spikes when the vast majority of messages are positive. But when it decreases, it means that the perception around the project is mostly negative. 

Worldcoin development activity and weighted sentiment

Source: Santiment

Stuck in development and down in growth

Unlike the weighted sentiment, Worldcoin’s development activity increased. At press time, the development activity had climbed to 0.438. This means that developers piled more public GitHub repositories in connection to Worldcoin.

See also  How DeFi impacts Bitcoin, Ethereum adoption

Contrary to the hikes in development activity and verification, on-chain data showed that traction has not been the same. At press time, Santiment data showed that Worldcoin’s network growth was down to 3135.

Network growth shows the number of new addresses being created on a network daily. When the metric rises, it indicates an increase in user adoption. 


Is your portfolio green? Check the Worldcoin Profit Calculator


Conversely, when the metric decreases, it means the project is losing traction on-chain. As the data revealed, the latter was the case with WLD.

Besides the scarcity of new addresses, WLD’s daily trading volume on exchanges failed to reach the peak it was on 24 July. At press time, the trading volume was down to $63.67 million. This means that the token could be shifting towards more correction than a price increase.

Worldcoin trading volume and network growth

Source: Santiment

Source link

Concerns defies verification WLD Worldcoin
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The world’s first people -driven verification system

2025-05-07

Worldcoin is confronted with the setback of regulations in Indonesia on compliance issues

2025-05-05

Google adds zero knowledge lectures to the wallet for age verification

2025-05-03

Kuwait prohibits Bitcoin -Mybouw about energy -saving concerns and legal violations

2025-04-23
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Tether adds 8,888 BTC to his company, which signals confidence in the future of Bitcoin

2025-04-01

Coinbase users reportedly lose more than $ 300 million every year through social engineering scams

2025-02-03

Blast launch ‘crossed lines’ in messaging and execution, says Paradigm

2023-11-28
Editors Picks

Aave rises 177% in a year, defeats Uni, LDO – but this group loses trust

2025-02-23

These 4 altcoins are ready to explode, because Bitcoin is strong above the milestone of $ 100k!

2025-05-14

US megabank JPMorgan predicts a hard decline in this Bitcoin metric

2023-10-12

Bloomberg Analyst Says Crypto Space is Heading to a $10,000,000,000,000 Valuation as the Financial Landscape Changes

2023-11-16
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Crypto Analyst places Bitcoin price at $ 120,000 if this range breakdown happens

Solana to get a big design prevention

Avalanche rises 11% to $ 25 NA FIFA reveals blockchain and Vaneck Eyes Fund

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$110,956.861.92%
  • ethereumEthereum(ETH)$2,665.643.88%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.431.39%
  • binancecoinBNB(BNB)$685.574.04%
  • solanaSolana(SOL)$178.833.61%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2410353.78%
  • cardanoCardano(ADA)$0.805.03%
  • tronTRON(TRX)$0.2785172.26%
  • suiSui(SUI)$3.950.15%
  • chainlinkChainlink(LINK)$16.844.64%
  • avalanche-2Avalanche(AVAX)$25.138.79%
  • hyperliquidHyperliquid(HYPE)$31.5015.50%
  • stellarStellar(XLM)$0.3019242.92%
  • shiba-inuShiba Inu(SHIB)$0.0000153.78%
  • hedera-hashgraphHedera(HBAR)$0.2033312.41%
  • bitcoin-cashBitcoin Cash(BCH)$430.635.44%
  • unus-sed-leoUNUS SED LEO(LEO)$8.860.31%
  • the-open-networkToncoin(TON)$3.182.77%
  • polkadotPolkadot(DOT)$4.933.67%
  • litecoinLitecoin(LTC)$98.672.47%
  • moneroMonero(XMR)$404.7311.00%
  • pepePepe(PEPE)$0.0000154.54%
  • bitget-tokenBitget Token(BGB)$5.18-0.43%
  • piPi(PI)$0.820.40%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.00-0.05%
  • bittensorBittensor(TAO)$473.3911.25%
  • uniswapUniswap(UNI)$6.462.22%
  • aaveAave(AAVE)$256.420.65%
  • nearNEAR Protocol(NEAR)$3.077.00%
  • aptosAptos(APT)$5.719.08%
  • ondo-financeOndo(ONDO)$1.025.12%
  • okbOKB(OKB)$52.790.61%
  • kaspaKaspa(KAS)$0.1178703.95%
  • official-trumpOFFICIAL TRUMP(TRUMP)$15.385.15%
  • internet-computerInternet Computer(ICP)$5.625.63%
  • ethereum-classicEthereum Classic(ETC)$19.674.25%
  • gatechain-tokenGateToken(GT)$21.770.75%
  • crypto-com-chainCronos(CRO)$0.1005873.18%
  • render-tokenRender(RENDER)$5.076.88%
  • vechainVeChain(VET)$0.0304165.10%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2501236.41%
  • mantleMantle(MNT)$0.762.39%
  • ethenaEthena(ENA)$0.4130263.42%
  • worldcoin-wldWorldcoin(WLD)$1.4627.25%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • arbitrumArbitrum(ARB)$0.4333527.39%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.879.68%
  • bitcoinBitcoin(BTC)$110,956.861.92%
  • ethereumEthereum(ETH)$2,665.643.88%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.431.39%
  • binancecoinBNB(BNB)$685.574.04%
  • solanaSolana(SOL)$178.833.61%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2410353.78%
  • cardanoCardano(ADA)$0.805.03%
  • tronTRON(TRX)$0.2785172.26%
  • suiSui(SUI)$3.950.15%
  • chainlinkChainlink(LINK)$16.844.64%
  • avalanche-2Avalanche(AVAX)$25.138.79%
  • hyperliquidHyperliquid(HYPE)$31.5015.50%
  • stellarStellar(XLM)$0.3019242.92%
  • shiba-inuShiba Inu(SHIB)$0.0000153.78%
  • hedera-hashgraphHedera(HBAR)$0.2033312.41%
  • bitcoin-cashBitcoin Cash(BCH)$430.635.44%
  • unus-sed-leoUNUS SED LEO(LEO)$8.860.31%
  • the-open-networkToncoin(TON)$3.182.77%
  • polkadotPolkadot(DOT)$4.933.67%
  • litecoinLitecoin(LTC)$98.672.47%
  • moneroMonero(XMR)$404.7311.00%
  • pepePepe(PEPE)$0.0000154.54%
  • bitget-tokenBitget Token(BGB)$5.18-0.43%
  • piPi(PI)$0.820.40%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.00-0.05%
  • bittensorBittensor(TAO)$473.3911.25%
  • uniswapUniswap(UNI)$6.462.22%
  • aaveAave(AAVE)$256.420.65%
  • nearNEAR Protocol(NEAR)$3.077.00%
  • aptosAptos(APT)$5.719.08%
  • ondo-financeOndo(ONDO)$1.025.12%
  • okbOKB(OKB)$52.790.61%
  • kaspaKaspa(KAS)$0.1178703.95%
  • official-trumpOFFICIAL TRUMP(TRUMP)$15.385.15%
  • internet-computerInternet Computer(ICP)$5.625.63%
  • ethereum-classicEthereum Classic(ETC)$19.674.25%
  • gatechain-tokenGateToken(GT)$21.770.75%
  • crypto-com-chainCronos(CRO)$0.1005873.18%
  • render-tokenRender(RENDER)$5.076.88%
  • vechainVeChain(VET)$0.0304165.10%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2501236.41%
  • mantleMantle(MNT)$0.762.39%
  • ethenaEthena(ENA)$0.4130263.42%
  • worldcoin-wldWorldcoin(WLD)$1.4627.25%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • arbitrumArbitrum(ARB)$0.4333527.39%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.879.68%