How many active accounts the Hive blockchain actually has?
We have all hear the number on the users posting, with some speculation like 3k daily, 10k monthly etc.
But as we know the Hive blockchain is a complex system with more ways for interacting with the blockchain. Second layer solutions are taking over, step by step.
The dApps websites like https://www.stateofthedapps.com/ , https://dappradar.com/ like to make the comparison between the numbers of users of different dApps. Usually they look only for the specific dApp data and not the blockchain.
Top Four Hive Operations
In the good old Bitcoin days, users or wallet addresses were able to do only one thing on the blockchain: Transfers coins.
On the Hive blockchain, users can do a lot more than just transfer coins:
- Post and comment
- Vote/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 is some general traffic websites that can be used for this, like https://hypestat.com/.
Here we will be looking at the number of active accounts by the operations stated above for the period from January 1st till July 17th , 2020. We will be looking at the number of DAU (daily active users) and the number of MAU (monthly active users).
Number of Accounts that Posts or Comment
First let’s take a look at the number of accounts that are posting on the blockchain, as one of the core operations.
The above is the chart for DAU, for accounts making posts or comments on the blockchain. We can see that prior to the hardfork from Steem to Hive on March 20, 2020, this number was around 5k, then it dropped and start increasing again with around 3.5k DAU these days.
The chart for MAU who are posting looks like this.
Similar pattern as for the above with more than 15k MAU before the hardfork and around 11k after the hardfrok.
Number of Account that Vote/Curate
How about then number of accounts that vote. What is their number? After all the voting feature on the blockchain is at its core. Rewards are distributed via votes.
Here is the chart.
The number of unique daily accounts that vote is higher than the number of accounts that post or comment. It started with more than 30k accounts voting in prior to the HardFork, and around 10k account per day after the HardFork.
Interesting the drop in the number of accounts voting/curating is bigger than the drop in the accounts posting. For the posting part we have seen a drop from 5k to 3.5k, and here that drop is from 30k to 10k accounts. Maybe some voting bots stopped working.
Next the monthly chart.
Here as well we can notice the drop after the HardFork. Again, much bigger then the drop in the number of posts. Prior to the HardFork there was almost 50k accounts voting per month, and now this number is around 19k.
Number of Accounts That are Making Transfers
What about the basic crypto activity? Transferring value. How many users are making daily transactions? Here is the chart.
The number of accounts making transfers has been just above 1000 before the HardFork, then a drop and back again to almost the same levels as before to around 1k accounts per day transferring coins.
The chart for the MAU in this category looks like this.
More than 10k users per month transferring coins, with a bit of spike in March, when the HardFork happened and then a slight drop to 8k accounts per month.
Number of Accounts That are Making Custom JSON Operations
The custom JSON activity has been on a rise on the blockchain, mainly because of the games using this functionality.
This is an interesting chart. We can see the shar drop in the number od accounts making Custom JSON operations from more than 9k to around 2k after the HardFork. Then it went up a bit to 3k. The massive jump happened in June when Splinterlands moved to Hive driving the numbers of accounts that make custom JSON transaction up again to 9k again.
Here is the MAU chart.
Here as well we can notice the drop in the numbers of MAU from more than 30k to a 10k after the HF, and then a increase to 22k accounts in June.
Overall number of active accounts
Now that we have seen the breakdown in account making different activities, lets take a look at the overall active accounts.
First the chart on accounts by operation in June 2020.
As we can see the larger number of accounts is the ones that are making custom JSON operations. There is 22k accounts for June 2020. The number of accounts posting and commenting for June 2020 is 11k.
Note here that posting usually requires a bit more effort than the custom JSON operations, that are a once click operation. This need to be considered when comparing the numbers of accounts by operations.
If we combine the above and make an overall number of unique monthly accounts making one of the activities above that number for June 2020 is 37251.
Readers
Since the main dApp build on the Hive blockchain is a blogging platform the obvious question is how many readers it has. The numbers presented above are about authors, curators, gamers, etc… users that actually interact with the blockchain with some action.
The number of readers is not stored on the blockchain. The interesting thing is that there is more than one frontend to the blockchain, no there is no one single point of entrance to count.
According to https://hypestat.com/ the hive.blog web has around 104k unique daily visitors. Peakd.com has around 68k. The others interfaces and tribes have some more. Some of them may overlap but I would give a rough estimate of 150k daily overall daily visitors. Have in mind this is very rough estimate.
At end I would also like to note that the user base above is highly engage and active. Not just a crypto telegram group with 50k members 😊.
All the best
@dalz