We are entering 2023 with around 2.4M Hive accounts. How are the new accounts creation doing? Is there an up or a down trend?
Let’s take a look!
The past year was an overall bad for the crypto industry, meaning not a lot of new entrants. The demand for the has been down in the period.
Hive accounts have a readable usernames, unlike the random strings on Ethereum or Bitcoin wallets. This human readable name comes at costs as it takes up resources. Creating new Hive accounts is the most expensive operation on the Hive blockchain and it can be done with a lot of Resource Credits (RCs)/Hive Power, or just paying the fee that the blockchain has for creating new accounts.
The fee for creating new Hive accounts is a parameter set by the witnesses and at the moment it costs 3 HIVE. With the volatility of the HIVE price sometimes it is a challenge to price these things.
The option for creating accounts with RCs, or sometimes perceived as the free accounts require users to first claim account as an account token, that can be then used for creating accounts. Not all claimed accounts are created. Claimed accounts are not transferable yet.
Here we will be looking into the following:
- Number of accounts created per day
- Number of accounts created per month and year
- Total accounts created
- Claimed VS Created accounts
- Top accounts creators
- Top accounts claims
For context we will be looking at the period from the very beginning of the chain, March 2016 till today., with a focus on 2022-2023.
Number Of Accounts Created
Here is the chart for the overall accounts created.
Here we can see the two spikes in the overall period of Hive existence. First in 2017, especially towards the end of 2017 and the beginning of 2018. The second spike is in September 2021 where on occasions there was more than 20k accounts created in a day.
If we zoom in 2022-2023 we get this:
A steady downtrend from 1k to around 100 accounts created daily in the last period.
The monthly chart for new accounts looks like this:
We can notice the overall downtrend here as well, from 12k to 3.2k per month.
Just to note that in 2021 in the period August – October, there was more than 200k accounts created per month and Splinterlands burned more than 2M HIVE for creating Hive accounts.
On a yearly basis we have this:
The record high year in creating new accounts has been 2021 when there was 910k accounts created. In the last year, 2022, there was 100k accounts created. Back in the previous bull run, in 2018 there was a record high of 600k accounts on a yearly basis.
The influx of new accounts in 2021 happened mostly because of the Splinterlands, that created most of the accounts in that year.
Total Accounts Created
When we sum the above, we get this.
We can see here the increase in the numbers of accounts in 2017, when the accounts number reached more than 1M. Then a period with a gradual increase and then even steeper growth in 2021, and now again a slow down.
At the moment there is 2.4M Hive accounts.
As we have seen from the recent post on active hive accounts, on a monthly basis there is around 400k active accounts, most of which are Splinterlands players, while the number of accounts that post is around 12k per month.
For the whole 2022, there is around 800k accounts that made some type of operation.
Claimed VS Created Accounts
Claimed accounts are like sort of a buffer of accounts. Accounts with high HP claim accounts that later can be used for accounts creation. Not all claimed accounts are created.
Here is the chart for claimed VS created accounts.
There as some oscillations in the number of claimed accounts per day, but overall, the number is around 2100 accounts claimed daily.
The number of accounts created can vary a lot. Starting from August 2021 the number of accounts created surpassed the number of accounts claimed by a lot. In 2022 the number dropped, and it is now around 100 daily created vs 2000 claimed.
If we zoom in 2022 we get this:
2022 has been on the low side in terms of accounts created. On average 300 accounts created per day, while the claiming remains at the 2k levels.
More than 3M accounts were claimed, while somewhere around 630k accounts tokens have been used. This means that users on Hive hold around 2.6M accounts creation tokens.
Top Accounts Creators
Here is who created most of the accounts in the last 100 days.
@ocdb is on the top with more than 4k accounts created, followed by @appreciator and @steemmonsters.
Top Accounts Claims
At the end the chart for who has claimed most of the accounts in the last 100 days.
This chart mostly follows the HP holdings that the accounts have.
@ocdb has is on the top with almost 30k accounts claimed, followed by the @appreciator account on the second spot. @blocktrades comes on the third spot.
The number of new accounts created in 2022 has dropped significantly after the massive pump in 2021. Splinterlands was the major driver for the creation of new accounts in 2021. In the last period the numbers are down there and now ocd comes on the top.
January 2023 has started with around the same numbers as the previous month, December 2022. The markets have showed some uptrends and so does the Hive price. This usually causes more users to join. Will see how 2023 will continue.
All the best
@dalz