A tournament season with ~$6.1M in trading volume.

The supplied campaign report describes the mechanics and launch comparison. Participant and exchange-event exports reproduce the headline volume, trade counts, weekly chart, referral groups, first-trade timing and activity-day distribution. Figures are rounded; percentages use unrounded counts. The customer remains anonymous.

Participants and traders

The export contains 30,101 participant records. A trader is a participant with an executed trade on a linked exchange account. The analysis identifies 4,072 trading participants and 4,072 linked trading accounts. These are campaign records, not independently verified unique people.

Volume and exclusions

Volume is the USD size of executed buys and sells reported by the exchange. Four launch-day trades from one account, totaling $14,999,140, are excluded using the supplied report’s stated rule. The remaining 493,546 events total $6,080,041.70. No duplicate trade IDs were found. No other trade was excluded, and high-frequency accounts remain included.

Season and later activity

The six weekly bins reproduce the report’s timeline. The full total also includes 998 later trades worth $10,978, which are not shown in the six-week chart. Participant totals use the full supplied export. Timing and distinct trading days also include later recorded trades.

Referral groups

Referral links were matched to the links owned by retained participant records. Of 4,494 referred participants, 2,012 traded (44.8%). Of 25,607 others, 2,060 traded (8.0%). The other group includes one link without a retained referrer. These observational groups are not evidence that referral rewards caused the conversion difference.

First-trade timing

Elapsed time runs from the participant’s recorded join timestamp to their first recorded trade. Of all 4,072 traders, 2,801 traded within one hour after joining and another 651 within 24 hours. Ninety-four had already traded before joining and remain a separate category. These percentages describe traders, not all sign-ups.

Distinct trading days

A trading day is a UTC calendar day with at least one recorded executed trade. There were 1,026 traders active on eight or more days, including 506 active on fifteen or more. These days need not be consecutive, and the counts do not establish post-season retention.

Volume concentration

High-frequency means at least 500 trades per linked account. The 158 accounts in this group generated $4,600,069.24, or 75.7% of volume. This classification measures frequency; it does not establish whether an account is a bot or whether its activity is abusive.

Win-tier comparison and fees

The report compares earlier daily averages with eight days after win tiers launched. That period overlaps the tournament’s final stage, so the difference cannot be assigned to the new mechanic. The report’s fee estimates apply hypothetical rates; actual exchange fees and revenue are not established or presented as results here.

Scope

These results describe one campaign. The report states that no bot filtering was applied beyond the program’s rules. Market mix and segment comparisons describe observed activity and do not establish a causal effect or expected results for another program.