The Hive blockchains has around 2.5M.
What percent of these accounts are active? How many active accounts the Hive blockchain has and how are they transacting/using on the blockchain?
How is the bear market influencing the number of active accounts?
Let’s take a look!
Top Four Hive Operations
We will be looking at the activity on the chain by the top operations made:
- Post and comment
- Votes/Curate
- Transfer coins
- Custom JSON transactions
Apart from the above, reading, or page views, is also a crucial part of this ecosystem, but this type of operation is not stored on the blockchain. There are some general traffic websites that can be used for this, like https://hypestat.com/.
We will be looking at the number of active accounts by the operations stated above for the 2022 – 2023 period.
We will be looking at the number of DAUs (daily active users), the number of MAUs (monthly active users), and then summary for the whole year.
Daily Number Of Active Accounts
First let’s take a look at the number of accounts active per day. Here is the chart.
The above is the chart for DAUs, for accounts making any type of operation.
As we can see at the beginning of the year there was around 400k DAUs, then there was a massive drop in June 2022 to around 200k DAUs. There is yet another drop starting from 2023 and we are around 100k.
Most of these movements are due to Splinterlands active players.
What type of operations are these accounts making?
From previous analysis we know that most of the DAUs are coming from Splinterlands. If we take a look at a chart with active accounts per operation, we got this:
The top line are the accounts making custom JSON operations, that in most cases are Splinterlands operations. The number of these accounts is so much higher then the rest of the operations that we can barely see them on the bottom of the chart.
The number of daily accounts making custom json operations is around 100k.
If we exclude the accounts making custom json operations for better visibility, we get this:
These numbers are quite stable.
From the above we can see that there is around 12k accounts voting/curation on daily basis, then there is around 3.7k accounts making posts or comments, and around 2k accounts transferring funds, at the end of the year.
Its interesting to see tat there has been some spikes in the numbers of active accounts that are transferring HIVE around.
We can notice a slight downtrend in the number of these operations, but no significant drop, compared to the prices.
Monthly Number of Active Accounts
The monthly numbers might give a better perspective for active accounts, as not all the users are making operations daily. Here is the chart.
We can see a more gradual transition here.
There is a drop in the MAUs in the last month April 2023. A total of 275k active accounts in April 2023, while in the previous months this number was 350k and more.
When we breakdown the monthly active accounts by type of operation we get this:
As for the DAUs, we can see that the custom JSON operations are dominating this chart as well.
Back in 2022 there was 650k accounts making custom json operations while now we are at 250k MAUs.
If we zoom in for the other three categories that are almost not visible on the chart above, we get this:
A slow downtrend here, with an interesting spike in the numbers of accounts making transfers.
Votes comes on the top with 20k active accounts per month in April 2023. Next are the accounts making transfers, also close to 20k, while in the previous period, they were around 15k.
On the posting side, there are around 11k active accounts per month in the last period.
Active Hive Accounts By Category In 2023
When we sum up the above and get the data for 2023 up till today we get this.
Number of active accounts in 2023 by operation:
- Custom JSON - 436k
- Transfers – 45k
- Votes – 29k
- Post and Comments – 20K
In total there is almost 500k accounts making some type of operation in 2023 on the Hive blockchain.
The custom json operations remain dominant on a yearly level as well.
What’s interesting is the number of accounts transferring coins is on the second spot here. Curation/votes are next and posting comes at the end.
Summary
The gaming side of Hive and Splinterlands are still the leading in the numbers of active accounts on Hive, even with the recent drop in activity there.
The number of accounts making posts, comments and curating has been quite steady in 2023.
There are some spikes in the number of accounts making transfers, moving HIVE around.
Most of the active accounts on the Hive blockchain in 2023 have been Splinterlands players, with 100k DAUs, 250k MAUs and a total of 430k Splinterlands players on a yearly basis.
On the posting side there are around 3.7k DAUs, 11k MAUs, and 20k accounts making a post or a comment in 2023. On the curation side, 12k DAUs and 20k MAUs. Accounts making transfers are up and there are now 45k MAUs with this type of operation.
The downtrend is obvious from the charts above, but compared to the price of the HIVE token, that started the year with 1.5$ and ended around 0.27$, the drop has been much smaller. We can say that there are core users that are swing through the stormy weather around here 😊.
All the best
@dalz
Posted Using LeoFinance Alpha
well around 10k active users using the social front ends isn't too bad really. Is there any other crypto community out there that can compete?
WE are here since 2016 and these numbers are impressing from my point of view. The quality we are offering here, is great, but we are not able to reach our voice to a wider audience, where we are lacking?
I wonder if the # of comments will start to change dramatically as #threads grows
I'm also really surprised to see how few accounts are actively creating posts/comments. We gotta bump those numbers!
I wonder can we onboard some of those SL players on threads .... maybe some promo turnaments, partnership etc ...
I don't know all that much about all of these things, but I can say I create a post a day.. Or atleast trying to... But with every post I make I put out ten comments... Might be that, that has an effect on comparison?
i am relatively new here, but after the first few days (getting know Hive, reading posts, checking out plenty accounts, getting the answer for my questions from people I considered similar etc.), I decided to not even try to create content regularly.
I see the main problem is the autovoting (and plenty people highlighted the same for me). You should really ban that if you want to change, at least stop this tendency. With the current autovoting looks impossible to grow. The reason is obvious, most of the content creators, who gets significant amount of autovotes, create meaningless posts, few sentences nonsense (don't mention, they rarely check back to their posts, 90% don't answer for questions, comments, they post some crap only for receiving autovotes), meantime people who create posts what has some real information, value, get nothing. And that's not up for debate, that's generally a fact, with very few exception. I've found plenty 1+ year old accounts, regular good, quality content creators with average less than 1 reward in many topics, meantime checked some autovote receiver regulars... it's really insane difference between quality and reward, and not paralelly.
Anyway, if you want to get new ones, instead of SP players, probably worth to focus for GL Sports opportunities. There are dozens of online soccer, football manager games with 100k+ active users (dont mention the offline version + sports card collectors and maybe other upcoming sport games opportunity). Of course, none of them know about Hive.
Probably also would be a good idea to create a Hive ads account, and send there the huge autovotes, and spend that amount for advertising Hive on relevant 3rd party platforms, that could result more, real activity regarding posts/comments/votes.
idk about you but that doesn't really paint me a positive outlook for hive and it's adoption rate at the moment. I'll be curious how we match up next month with the launch of threads.
Its heavily corelated with the Hive price action.
The markets are somewhat sidewise and so does the activity, although if you look at the posting and voting, those are very stable, indicating a core group of users that is always around :)
100% agree on this @bitcoinflood
I can hardly believe that active accounts are only between 100k and 150k...
Imagine if we can get to a million active users daily.... Dayum!
I am always amazed with how you come up with this analysis and I appreciate that a lot.
Don't understand the Custom JASON.
Its mostly gaming activity.
I see
I was about asking the same question.
Thank you very much for sharing.
Interesting stuff.
Thanks for the great chart work and commentary. The bear is really biting hard.
I don't understand why you add it up, if most accounts do everything. I for example every day I post, transfer and play Splinterlands.
Its a round up number for simplicity ....
I find it interesting as well that transfer ranks second to upvotes, I wish we can get another App to replicate the activities Splinterlands brings to the blockchain.
This is an interesting breakdown on Hive accounts and their activity. I'm surprised to see posting/comments taking the bottom spot. It seems Hive is more of a gaming ecosystem than social media for now. Threads could change things because long form might not be appealing to many people. Thanks for the valuable stats :)
I think this is the progess report of hive ecosystem. There are many subjects which really need to be improved.
Interesting spikes for transfers, every once in a while. Some seem to coincide with HPUD, but not all.
Damm I was surprised to realize that we are less than 1 million active users, I really thought we were more
As the current crypto market is still way down from its ATH and doesn't go on an uptrend, people simple are not motivated enough to be more active. Their loss as now is the best time to create content, curate and simple said to grow.
As we all know when the market is down and then the bear market is going on, the uses of any project will decrease anyway and people will stop working. Just as we saw the price of SPS come down, since then we have seen that one of the users, Sprinterland, has been going down daily. As soon as the market starts to go up again we will see new users everywhere. Thanks for sharing this great and valuable knowledge with us.
This is so nice and thanks for sharing.