Periodically, I put together a post that broke down the number of accounts that were present at different levels. Here was last week's post.
Here is the last post that I did on this:
This was motivated by a breakdown I came across about Bitcoin wallets.
Knowing what the distribution of STEEM is important. However, finding out the pace of the change is equally as valuable. Since this is a process I just started, it will take a bit of time to figure out the exact pace. For now, we are establishing a baseline of which to compare.
I use the data provided by Steemitboard put together by @arcange.
The idea is that Steem needs to keep adding depth. To be a thriving blockchain, we need users. That said, I do not feel that total accounts is a good barometer. Yes, it is the starting point but we know there are a lot of accounts that sign up, do a couple clicks, and then depart.
To me the starting point is the number of total accounts that earn a single SP. The reason I feel this was is two-fold. First, each new account is someone who did something to earn STEEM. Somehow, the STEEM got into the account and was powered up.
The other reason is because we are expanding the amount of people who have some form of crypto. This is vital for the industry in general. We need more people, overall, to engage in cryptocurrency and new accounts gaining SP is a good start.
Obviously, we cannot determine if every new account is a separate, new person but we can presume a large amount of them are.
Here is the chart with the comparison from a couple weeks ago to today along with the number from when I first started this.
The "Difference" is the number of new accounts that reached each level throughout the weeks. We see two columns, one for last week and the other for this week.
From these numbers, we also see the depth of distribution going deeper. At the same time, more accounts are moving up the scale to higher levels. This is exactly what the ecosystem needs.
Another chart I created was the percentages at different levels for the accounts that did achieve at least 1 SP.
This chart is from November 25th.
This chart shows that of the accounts that get at least 1 SP, 45.12% go on to get 10 SP. Following down the column, .84% of all accounts that get a single SP end up reaching Dolphin status (5k SP).
The next column does the same. Of all that accounts that 10 SP, 21.22% go on to get 100 SP.
And so on.
Here are the numbers today.
The goal is to see the pace of accounts reaching these levels increase over time. As the number of applications on this blockchain grow and the amount of people using the applications expands, we should see the entry level, 1 SP, increase. Of course, this will require the applications onboarding users themselves which is starting to take place albeit on a minimal scale.
We all would love to see these numbers triple overnight. That aside, as long as we see progress each week, we know things are moving ahead. The pace might not be where any of us want it yet we can see, slowly, the ecosystem is growing.
Each category is holding fairly strong since the Hard Fork. The last couple weeks saw the 500, 1000, and 5000 SP levels move up at a faster pace than previously. A great deal of this could be attributed to the price of STEEM and who is purchasing. We see the powering up numbers increasing steadily so we know this is a major part of the moves.
What is encouraging is that we are still getting a decent amount of accounts getting their first SP. After a drop off, it picked back up this time to over 30 per day. It is still down from the 40-50 that was average earlier in the year but in line for the past 6 months.
Whatever the issues we encounter, the fact is we are still growing. The number of accounts getting their first SP keeps going up. We are also seeing each category monitored here increasing with each report. The last negative has to be over 6 months ago.
If you found this article informative, please give an upvote and resteem.
