Q2 has been a rollercoaster in crypto prices, and Hive has been on the ride as well. At the end April the price reached 0.7$ and then a drop all the way down to 20 cents, and now it is showing some recovery trading in the 0.3 to 0.35 range.
How was the onboarding in the period? Have we seen more newbies joining this place, and what have they doing on the blockchain?
Let’s take a look.
Apart from the numbers of new accounts created, we will take a look how are they engaging on chain. We know that gaming is taking a large part of Hive now. How many of the new accounts are gaming, how many postings, or maybe both?
Which dApp they used for to create their account?
We will be looking into the following:
- Number of accounts created per day
- Number of accounts created per month
- Who created the accounts
- Type of operations made by the new accounts
We will be looking at the period since the Hive creations, starting from March, 2020 till now, with a closer focus on Q2 2021.
Number of accounts created
Here is the chart for the overall accounts created.
107k accounts were created from the start of the Hive blockchain.
There seems to be an overall up trend when we look at the chart from macro perspective. Some clear trends, an increase at first, then a drop in October 2020, and an increase again up to May 2021. In the last two months the numbers have dropped, with a sign a recovery in the last weeks.
In the last days the numbers of new accounts created is in the range 200 to 250. Overall the creation of new accounts is following the price action.
The monthly chart for new accounts looks like this
April 2021 has been a record high month for new accounts created, with more than 11k accounts. May has a small drop, but then June has dropped more with almost 8k accounts in the month.
Who created the accounts?
Below is a chart for the account creators in the last month, Q2 2021.
These are the main creators on accounts in the period.
What are the new active accounts doing on the blockchain?
As mentioned above, posting is not the only option on the Hive blockchain. The new accounts can play various games on Hive as well, without engaging in posting at all.
There is some overlapping in the activities from the new accounts. For example, a new account can make a custom json transaction (gaming) and post as well. Maybe do some curating and transfer funds around.
Here is the chart summarizing the new accounts by the combination of operation they have made.
From the total of 30k accounts created in Q2 2021, around 13k don’t have any activity or, 43% share.
Meaning 57% of the new accounts created in Q2 have made some operation on the blockchain. This is quite a nice share of activity from the new accounts. I remember back in the days of the old blockchain, the share of active accounts from the newly created was just around 15%.
From the active accounts, making custom json operations (gaming) are on the top with almost 7k account making only that operation.
Then a combination of posting/voting/custom json operation and posts/votes/transfers/json.
In total from the 30k new accounts, around 14k made a custom json operation, 7k accounts made a post operation. A voting/curating operation made around 6k accounts, even lower than the number of posts. This might not be as surprising since the new accounts usually don’t have large stake and are not curating as much. Around 4k accounts made a transfer.
Q2 has been a nice period in terms of onboarding, except from June that have seen a drop. April and May have been the best months. The hiveonboard have been the no.1 in onboarding, and next to it is Splinterlands. The new accounts have been engaged with custom json operations and posts on the blockchain.
Hope to see 100k and 1M new accounts on a monthly basis a few years down the road 😊, instead of the 10k these days.
