I am exploring statistics to examine the growth in activity on Steemit. What is the best way to measure growth? Today I will have a focus on user accounts.
In this post I will cover:
- Account Creation Activity
- Distribution of Reputation
- Distribution of Steem Power
- Introduce some analysis by account duration
Analysis by duration will lead to some key stats about where contributions for posts, comments and other activity on Steemit are coming from.
Creation Date
Lets first look at how many accounts are being added to Steemit each day. This is should give a good indication of the growth of the platform.
There has been strong activity in the last couple of months. This metric may be affected by people setting up ghost accounts, bots, setting up accounts but not using them etc. The daily number of accounts may in fact give a very misleading figure for real growth on Steemit.
Reputation
All new authors will eagerly try to get their reputation up. There are many accounts sitting at rep 25 so I have excluded these and the following graph shows the distribution of the rest of the accounts.
It takes a long time to get to the 70s club!
Distribution of SP by Account
It is interesting to see how SP is spread out among the community. This will be an interesting statistic to watch over time, as new users come onto the platform.
In the next graph I have summarised the SP in in each account by bandings.
In contrast to the amounts of SP in the bandings the numbers in each bandings is the completely reverse. i.e. a few accounts control the majority of the SP.
Duration of Accounts
Where are the contributions to Steemit coming from? Is it new users or veterans. I will post over the weekend some detailed analysis on this but today the next few graphs look at aggregate account data. I have grouped the data by number of months since the account was created and we look at the distributions of SP across Accounts by duration.
The majority of accounts are in the interval months 1-3. The last big spike was between 12-14 months ago, when the price of Steem was at its highest.
This last graph is the most interesting. The majority of the SP is still in the hands of the people who were here at the start.
Monthly Stats
I am building a dashboard of monthly KPIs for Steemit which will focus on the key indicators for activity and growth of the platform. Please let me know which graphs you would like to see in this Monthly Report.
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Thank you for reading this. I write on Steemit about Blockchain, Cryptocurrency, Travel and lots of random topics.
