Two weeks ago I proposed to you the analysis of the top 300 users, this time I added 200 users.
Some of you may have already seen my work, but here is a quick reminder.
I gathered the data from the top 500 users on SteemWhales.com. Same thing as last week, I deleted the row of the account Steemit, which is only used to create new accounts on Steemit.
Number of posts vs posts rewards distribution
The average number of post increased since two weeks ago. It goes from 122 to 150. The number doubled in a month, it was at 77 in my first analysis.
On the other hand, the cumulative post reward keeps decreasing, from 8 070 840 two weeks ago to 6 806 335 this week.
As we can see, a lot of people are above both of the average.
This week I tried to highlight the difference between the categories of users. In dark blue we can see the top users, whom own together 50% of the total value of the sample. In orange, we can see the middle users, whom own the next 40% of the value. And in grey, this is the rest, whom own the last 10% of the value.
Lets put this in data: 50% of the value is owned by 18 users, the next 40% is owned by 153 users and the last 10% is owned by 329 users.
If we put this chart at a log scale, we can see a pattern.
Same as last week, the more the user post, the more he earn. This time, with the segmentation, we can see that if you are a top user (in the top 18) you will earn more than a standard user if you post a lot. This is represent by the blue dotted line, which is the polynomial trend-line.
To be clear: if you owned a lot of the platform value, your posts tends to get a better reward.
Here is the chart with the names of the top users.
Curation rewards vs posts rewards distribution
This chart is very interesting because it show many things.
First, we can see that the only difference between the three categories of users is in the curation reward allocation. If you are a user with a lot of money on your account, you will earn a lot by curating content.
Second, the graph changed since last time. It goes from an almost linear distribution between post rewards and curation rewards, to an almost exclusive post rewards.
Let me explain: a lot of dots are in the top of the chart, this mean that users earned more with posting than curating.
This can have many explanation, but the one I think of is that top users spend more time making their own content to get better reward than curating.
Same chart with the name of the top users.
Estimated value distribution vs disposable value
For this one, I calculated the estimated value in BTC at the current rate.
In this graph we can see the total value held by user in BTC, and in orange the proportion that is available right away (not in Steem Power).
Their is a lot more disposable value than last time. We are now at 5% of disposable value, which can be dumped anytime.
This is probably due to the powering down of a lot of users, which create liquid money every week.
Distribution of Steem, Steem Power and Steem Dollars
The value is represented in BTC at the current rate.
As always, most of the global value is blocked in Steem Power.
This time, with the segmentation, we can see interesting things. The users from 18 to 153 holds more Steem Dollars than everyone, this means they are posters which get rewarded from their post in SD and don't trade them.
The users from the tail also have a lot of SD almost equal to their Steem in BTC. This means they are diversifying their portfolio, to counter the current down trend of the Steem value. This also probably means that they are non crypto users whom arrived later on the platform and are catching on the leader-board by posting interesting content and get rewarded for that.
Here is the leader board for this article.
Top 5 for estimated value:
Top 5 for curation rewards:
Top 5 for posting rewards:
I hope you enjoyed the read. Follow me if you want to see more, and let me know in the comments what do you think about that.
Let me know if you think I should keep doing this post, because it takes a lot of time :)