The Trend of Steemit Transactions.
Data we're acquired on November 3rd, 2017 using steemsql all made by @arcange.
Steemit is by far one of the top cryptocurrencies in terms of transactions. With the most number of transactions per day, partnered with they graphene technology, and guess what's the best :
Zero Trasactions Fees!.
This is what amazing Steemit. With that, we look on the trend of Steemit transactions from the way it started up until now. You could see how it boomed, and probably the most clogged (traffic) sites in the internet.
Let's see how the transactions were way back year 2016.
Steemit started March 2016, so we gather these data and was to get these number of transactions. These numbers are monthly total, by the user of the formula :
= SUM(number1, number2, number3, number4, .....)
Here's the tabular form of 2016 Transactions per Month (March - December 2016)
| March | 10, 630 |
| April | 156, 423 |
| May | 112, 714 |
| June | 170, 235 |
| July | 2, 194, 211 |
| August | 3, 141, 793 |
| September | 2, 428, 634 |
| October | 2, 969, 730 |
| November | 3, 038, 654 |
| December | 3, 048, 825 |
I made a Graphical Presentation
This is for us to able to see the growth of transactions per day. The more transactions, the bigger probability that users are engaging. Steemit users are posting, commenting, resteeming, and doing account transfers. These are the factors that considers transactions.
Now, how about 2017? A Booming year for Steemit!
2017 Transactions per Month (January 2017 - October 2017)
You can clearly see it on the Graph.
What is its Implications?
The more transactions, the more it captures the attention of the Crypto World. Basically, Steemit has been very active because a lot of transactions were processed.
One typical reason why Steemit users are confident of doing transactions because Steemit is one of the fewest to offer Zero Transaction Fees. Plus, the advertisements made pioneered by Promo-Steem tag and everywhere meet-ups/orientations made Steemit accounts grown exponentially.
Let's be reminded that there's more of a positive impact of having crazy numbers of transactions made in Steemit.
Thank you everyone.
Posted on Utopian.io - Rewarding Open Source Contributors
Thank you for the contribution. It has been approved.
[utopian-moderator]
Thanks @themanualbot! Talagang manual ang pag check ah. Haha
wow @jassennessaj, thanks for sharing this information Im amazed how large are the transaction in recent months
Thanks a lot @julstamban. Indeed the transactions have grown exponentially.
Hey @jassennessaj I am @utopian-io. I have just upvoted you at 35% Power!
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Ayos na ayos. :D
Great analyzer :D thanks for this post and I gain some learning on how to write under the category of Analyze...
Utopian.io is becoming the best place to post under a number of topics - great examples like these can show us all how to use these new sections!
i give you upvote jassennessaj, and also follow you
Which is your mayor strength?