How it the powering up HIVE going? Time to look at the recent data and at the historical rates.
@thepeakstudio image
We will be looking at:
- Hive powered up by date and month
- Hive powered down by date and month
- Hive power from inflation
- Power up vs power down by date and month
- Top 20 Accounts that powered up
- Top 20 Accounts that powered down
The period that we will be looking here is from the creation of the old chain 😊, March 2016, since it influence the hive power overall.
Hive Powered Up
Here is the chart for the all time Hive powered up.
These are daily columns and we can see there is a lot of spikes. Overall there seems to be a trend for more powering up in the first half in 2017, then a slow down trend, a huge spike in March 2020 again.
Here is the monthly chart for better representation.
The war for the chain in March 2020 is dominating the chart. It really has left a mark on the chain. A total of 58M Hive was powered in that month, a lot of which from exchanges that were holding user funds. In the previous period we can see some up trend until January 2018, and then a slowdown.
Hive Power From Rewards/Inflation
To get the overall numbers for power up vs power downs we need to take into consideration the Hive Power from inflation. Half of the author rewards, witness rewards and curation rewards are all paid out as HP. We can say this Hive is being powered up from the start.
Here is the chart.
In the last period the HP from inflation is around 50k HP per day.
Here is the monthly chart.
There is a big spike at start, because of the first authors payouts were delayed back in 2016. They were all paid at once on July 4th for a few months back.
In the recent period, there is around 1.5M as rewards in Hive power.
Hive Powered Down
Here is the chart for the Hive Powered down.
We can see that there is a lot of powering down at first, in 2016. These are mostly the first author and curation rewards. Then a spike again in April and May 2020, mostly form the exchanges powering down after the war for the chain.
Here is the monthly chart.
We can see the trend here for more power downs till the mid 2017, then a spike in January 2018. Next are April – June 2020, after the war for the chain, and exchanges powering down.
Power UP VS Power Down
Here is the chart with the difference in HIVE power up VS power down, including the daily rewards in Hive Power (author rewards, curation rewards, witnesses’ rewards).
The all time net powered up/down Hive.
A lot of powering down in the period September 2016 – April 2017, and then also March – May 2020. This period was when the exchanges were powering down.
A lot of powering up, when the fight for governance of the chain was happening, end of February 2020.
The monthly chart look like this.
Again a lot of net powering down in September 2016 – April 2017, then some ups and downs and a huge spike in March 2020, and then in the opposite direction in April, May and June, three months to power down.
If we zoom in for the last year for Hive only we have this.
Note July 2021 is not finished yet.
A clearer picture from the above. A 2.5M net Hive powered up in September 2020, and the next months up until March are all in the positive. Then in March 2021 we have more Hive powered down, probably due to the increase in the price and Hivers wanting to sell some.
June is almost neutral and then a big spike in July 2021 with almost 3M Hive powered up (ATH per month) that is not over yet. What is interesting is for the one whole year back, the net amount of Hive powered up (including inflation) vs powered down is almost neutral, or just -700k Hive more powered down.
Top 20 Accounts That Powered Up
Who is powering up the most?
Here is the chart for the last 30 days, between June 20 – July 20, 2021.
The @newsflash account is on the top with 1.7M Hive powered up, followed by @darthknight and then @alpha.
Top 20 Accounts That Powered Down
Who is powering down the most?
Here is the chart for the last 30 days, between June 20 – July 20, 2021.
The @self-power.com is on the top with 285k, followed by @tim1 and @w3417h. A lot less amounts powered down in the top 20 here. This has resulted in more hive powered up in the last period.
Overall, the staking numbers are almost constant on Hive in the last period, with just a bit more Hive being powered up the powered down, when we include the HP received as rewards as well. July is on a track to have a record high amount in Hive powered up, but this is mostly because of few large accounts powering up.
All the best
@dalz