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Company focus

Zapper

Why has the average time spent on Zapper's DeFi dashboard decreased from 10 minutes to 5 minutes per session over the past month?

Prepared by NextSprints

15 mins
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Data Analysis Problem Solving User Experience Cryptocurrency Fintech Blockchain User Engagement Product Analytics Root Cause Analysis UX Design DeFi
Product Management Root Cause Analysis Question: Investigating decreased user engagement on a DeFi dashboard

Introduction

The recent decrease in average time spent on Zapper's DeFi dashboard from 10 minutes to 5 minutes per session over the past month is a concerning trend that warrants thorough investigation. This significant drop in user engagement could have far-reaching implications for Zapper's business model and user retention. I'll approach this issue systematically, examining potential causes, gathering relevant data, and proposing actionable solutions.

Framework overview

This analysis follows a structured approach covering issue identification, hypothesis generation, validation, and solution development.

Step 1

Clarifying Questions (3 minutes)

  • Looking at the timing, I'm thinking there might have been a recent product update. Has Zapper rolled out any new features or UI changes in the past month?

Why it matters: Product changes often impact user behavior. Expected answer: Yes, we updated the dashboard layout. Impact on approach: If confirmed, we'd focus on UI/UX factors.

  • I'm curious about user segments. Has this decrease been consistent across all user types, or are certain groups more affected?

Why it matters: Helps identify if it's a global issue or specific to certain users. Expected answer: Power users seem less affected than casual users. Impact on approach: We'd tailor solutions to specific user segments.

  • Considering market conditions, have there been any significant changes in the DeFi landscape recently?

Why it matters: External factors could be influencing user behavior. Expected answer: Some major protocols have launched new features. Impact on approach: We'd examine how Zapper compares to competitors.

  • I'm wondering about data accuracy. Has there been any change in how session time is measured or reported?

Why it matters: Ensures we're dealing with a real issue, not a data anomaly. Expected answer: No changes in measurement methods. Impact on approach: Confirms we need to look at actual user behavior changes.

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NextSprints

Updated Nov 30, 2024