The Hive blockchains has around 2.4M accounts, growing rapidly in the last year with the growth of Splinterlands and adding almost 1M accounts in the last year.
But what percent of these accounts are active? How many active accounts the Hive blockchain has and how are they transacting on the blockchain?
Let’s take a look!
Top Four Hive Operations
We will be looking at the activity on the chain by the top operations made:
- Post and comment
- Vote/Curate
- Transfer coins
- Make Custom JSON transactions
Apart from the above, reading, or page views, is also a crucial part of this ecosystem, but this type of operation is not stored on the blockchain. There is some general traffic websites that can be used for this, like https://hypestat.com/.
We will be looking at the number of active accounts by the operations stated above from Jan 2021 – March 2022.
We will be looking at the number of DAUs (daily active users) and the number of MAUs (monthly active users).
Number of Accounts That Posted or Commented
First let’s take a look at the number of accounts that are posting on the blockchain, as one of the core operations.
The above is the chart for DAUs, for accounts making posts or comments on the blockchain.
We can see a slow up trend through the whole period. At the beginning of 2021 there was around 3k accounts posting and commenting on a daily basis. Now this number is around 5k DAUs.
There has been a small drop in the summer of 2021 when the overall crypto market tanked.
On a monthly basis, in January 2021 there was around 9k active accounts, while in January 2022 18k accounts.
Overall, quite a steady number of accounts posting and commenting with a steady growth.
Number of Account that Vote/Curate
How about then number of accounts that vote. What is their number? After all the voting feature on the blockchain is at its core. Rewards are distributed via votes.
Here is the chart.
In the period the number of accounts voting/curating has been between 10k to 14k per day, with a slow growth through out the period.
On a monthly level the numbers are from 17k to 23k MAUs.
Number of Accounts That Are Making Transfers
What about the basic crypto activity? Transferring value. How many users are making daily transactions? Here is the chart.
The number of accounts making transfers started with around 1000 at the beginning of 2021, then it had a few spikes in May and June, and a steady growth after that toward 3k in December. In the last period the number of daily accounts transferring funds around is around 2.5k daily.
Number of Accounts That Are Making Custom JSON Operations
Now let’s take a look at the mains suspect. The custom json transactions!
As expected, there is a huge spike in the number of accounts making custom json transactions per day.
The number has grown from around 10k per day at the beginning of the year to almost 500k accounts per day making custom json operation.
On a monthly basis there is around 650k MAUs.
Monthly Active Accounts By Type Of Operation
What about monthly active accounts? Not everyone is making daily activities. Monthly active accounts can be a more accurate representation. Here is the chart for MAUs by category.
These numbers are compiled from the top 4 activities described above.
A total domination of the custom json operation that are coming from Splinterlands. While by the other metrics there is around 20k MAUs, the MAUs for jsons is a massive 700k!
The number for accounts posting, voting and transfers has seen some growth in the period, doubling or tripling, but the number of accounts making custom json operation has exploded for x70 times.
When we compare the number of active accounts per type of operation in the last month, we have this.
| Operation | February MAUs |
|---|---|
| JSON | 611,307 |
| Votes | 23,615 |
| Transfers | 18,015 |
| Post and Comments | 15,291 |
JSON operation are on the top, voting comes on the second place with 23k MAUs, followed by transactions and then posting.
Readers
Since the main dApp build on the Hive blockchain is a blogging platform the obvious question is how many readers it has. The numbers presented above are about authors, curators, gamers, etc… users that actually interact with the blockchain with some action.
The number of readers is not stored on the blockchain. The interesting thing is that there is more than one frontend to the blockchain, no there is no one single point of entrance to count.
According to https://hypestat.com/ the numbers for unique daily visitors at the moment are:
- hive.blog 217k
- Peakd.com 217k
- Ecency.com 158k
- LeoFinance 103k
These numbers have went slightly up in the last period as well meaning more readers heating the web apps powered by Hive.
