How is Splinterlands doing these days?
The SPS price has been hitting new lows and the moral seems overall low. People who have been around for a long time might say this is the time to buy. But it can go even lower! The struggle continues.
Let’s take a look at the numbers!
The following topics will be covered:
- Number of transactions
- Number of games played
- Number of active daily players
- New accounts created by Splinterlands
- SPS price
The data has been queried from the Splinterlands API in combination with the data from the Hive blockchain.
Number of Transactions
Transactions represent the overall activity in the game. Here is the chart.
Prior to July 2021, the overall data for Splinterlands was low. Then an explosion in the summer of 2021, the number of transactions went up to 5M a day, from the previous 100k daily.
The transactions stayed in the range of 3M to 5M during 2022 as well, but then in 2023 kept dropping to around 800k daily. Its stayed around that level for a long time but in the last month they dropped once again.
It should be noted that transactions were intentionally scaled back with the introduction of anti bot measures in multiple steps.
When we zoom in the last year, we get this:
Back in May 2023 there were around 1.5M transactions while we are now in the range of 200k to 400k transactions daily. As mentioned there was some stabilization in the period between July 2023 up to March 2024, but in the last few months the transactions dropped once again from 800k to 300k.
Number of Battles Played
Here is the chart of the daily numbers of games played for the period.
The time period for the chart is one year. We can see that the number of battles has been constantly going down in the period as well. Although in much steadier manner. Back in May 2023 there was around 800k battles daily while now we are at 400k. There has been as small spike in the last week from 300k to 400k battles per day.
Number of Renting Operations
The number of renting operations has been growing in the last year and at one point there was more renting operations then any other operation on Splinterlands.
Here is the chart.
At first the numbers for rentals kept growing and reached 1.2M operations per day, then a fee was introduced of 1 DEC for each of these operations and they have dropped to around 600k per day in March 2023. This number kept going down in 2023 and reached 100k in July, then an increase to 300k and a drop again.
In 2024 we have seen a continuous drop, starting from 300k and now we are bellow 100k renting operations for a first time in a while.
Number of Active Players
This is one of the most important metrics for every dApp, how many active users have there are. Here is a data for daily active users [DAU].
Here again we can see a drop in the tx from 80k in 2023 to around 25k in the last period. Another low reached here as well with the drop of DAUs bellow 50k for a first time in a while. There are some occasional spikes to 100k in the last period.
New Accounts Created by Splinterlands
Here are the new Hive accounts created by Splinterlands on a monthly basis.
Here we can notice the number of new accounts in the last year dropping from 300 to around 100 in the last months. Not a lot of new players joining the ecosystem.
SPS Price
At the end the price for the main token SPS.
The market has been brutal towards SPS. The token was launched in August 2021 and was trading more than 0.5$ for a short period of time. It has dropped massively in 2022 from 0.2 all the way to 0.02 where it finished the year.
In 2023 the tokens have been in the range of 0.015 to 0.022.
In 2024 we had an increase at the beginning of the year up to 0.035 but in the last months a drop and now SPS is trading bellow one cent for a first time ever.
Overall all the indicators are down for Splinterlands. This might be a massive opportunity for those who wants to enter the ecosystem or a danger zone for the overall project. Everyone should decide by him self where they stand!
