How is Splinterlands doing these days?
After a very bad bear market there seems to be a small reversal in the trend or at least a break from the constant bleeding. The SPS price has hit a low of 0.006 but now is at 0.01, where it has been hovering for a period of time.
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 dropped by a lot, to around 800k per day, stayed there for a few months and a further drop in 2024 to around 100k per day.
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:
We can see the drop in the number of transactions, especially in the first half of the year, from 800k down to 100k. Since June 2024 the transactions have been steady around that number with a recent spike to 400k in the last days.
Will see do we will have a reversal in the trend soon.
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 there was a shar drop in the number of battles back in June 2024, probably due to something related to bots. From 500k to 100k or lower at some periods. Since June the number of battles has been steady around the 10ok 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.
After the explosive growth in 2022 and 2023, a massive drop towards the end of 2023 and again a big drop in June this year, bringing rentals to an absolute new lows of around 10k per day.
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].
This is a chart for 2024 only. In the previous period the trend is similar as for the transactions chart. Here again we can see a drop in the first half of the year, and again a sharp cut off in June 2024. In the last period the number of DAUs is around 8k per day. There is a spike in the last days with numbers going up to 16k and more.
New Accounts Created by Splinterlands
Here are the new Hive accounts created by Splinterlands on a monthly basis.
We can see quite a low numbers for new accounts in 2024. From 200 at the beginning of the year to just 50 new spellbooks sold per month in the summer months. In November there is a small increase up to 75.
As a reminder back in the previous bull market there was more than 100k new user per month for a short period of time.
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 summer months in dropped bellow one cent. In the last month it has recovered a bit and now is trading again around one cent. Still far from the old levels, even at the beginning of 2024.
Overall there seems to be a small reversal in the data trends for Splinterlands but still farm from what might be decent numbers even when compared to the bearish 2023. There are positive signs over the crypto market these days, a lot of mentions of gaming tokens etc, so we will see how the OG Splinterlands will play in the following period. The game has for sure evolved since a few years ago and there is a lot of new development underway.
