The Hive and the Steem blockchain went their separate ways on March 20, 2020. But a lot of things still holds these two projects together and some time will be needed for things to become clearer.
How is activity doing in these early days after the HF on the both blockchains? Here we will be looking in these and make some comparisons as well.
Before we continue with the analysis just a note on the activities. Unlike the good old Bitcoin, that has only one operation (transfer coins), Hive/Steem has a lot of them.
Usually when talked about activity on these blockchains a lot of the users have in mind posting and commenting. Here as stated in the title we will be looking in the top 4 activity on the both blockchains. They consist the majority of all activity.
- Posts
- Comment
- Votes
- Transfers
- Custom JSON operations
Activities on Steem
First a quick look at the Steem blockchain including some period before the HardFork.
Here is a compilation of the top 4 activities for the period between March 1 till April 11, 2020.
As we can see the majority of the activities is consisted from the voting and Custom JSONs activities. Posts and comment, the darkest in the chart are barely visible.
We should have in mind when doing these comparisons that the post and the votes/JSONs activities are not exactly the same. A post usually requires much more effort, and the votes/JSONs are usually a one click operation.
From the chart above it is clearly visible that the voting has taken a it and has went down from 325k average daily votes before the HF to a 235k after the HF.
Let’s take a closer look to the posts and comments.
In this zoomed chart on posts and comments we can clearly notice that the comment activity has went down a lot on the Steem blockchain after the HF. From an average 20k comments per day to an 8k after the HF. There is one spike on April 5, probably due some bot activities. Also, some comments bots are still running on Steem so this number may be even lower.
The number of posts has also gone done from an average 5.4k per day to an average 4.2k after the HF. Still not as much as the comments.
Activity on Hive and Steem by Category
Now that we have seen the overall trend on Steem lets make some comparison on activities on both chains. For a more in-depth analysis we will be looking at each type of activity separately.
Posts and comments
Here is the chart.
As from the chart above, here as well we can notice the drop in posts and comments activity on Steem after the HF. The number of posts and comments on Hive is now almost the same as on Steem. Both chains have approximately the same number of posts and comments in total around 11k per day.
Votes
How is voting doing on the both chains?
In most of the cases voting is automated, but not always. There is manual curation happening and comments are voted manually often. The number of votes dropped on Steem and after the HF is around 235k average votes per day. On Hive this number is lower and it is around 154k votes per day.
Transfers
The basic function of a blockchain. Transferring coins. Btw these transactions are free on Hive/Steem.
On average there is around 21k transfers per day on Steem after the HF. On Hive there is around 7k daily transfers. The gambling dapps can influence the number of transfers a lot since that is their basic operation when working. Haven’t dig deeper who is making the transfers but for now the number of transfers is larger on Steem. The spike in the number of transfers on Hive on April 5th is due to sending a 0.001 memo to accounts to change the recovering accounts setting.
Custom JSONs
The custom JSONs operations on Hive/Steem have showed a large potential in the past, especially for gaming. How are they now doing on the both chains?
Well this is quite interesting. Although there is a small drop in the number of custom JSONs on Steem from around 421k average daily operations to 379k, but still it is vastly larger than the number of custom JSONs on Hive that is around 11k.
I have made a breakdown on custom json operations and had a look who is making them and 90% of them were made by Splinterlands, Nextcolony and Steem-Engine. Splinterlands was dominating with around 60% of all the custom JSONs operations.
All of these dapps are still operating on Steem and ergo the difference. Hive-Engine is already coming to Hive, and that is great. Nextcolony will stop its operations in the coming weeks. The main player here is Splinterlands. How will they continue operating and where they will bring the operations?
Overall Activity on Hive and Steem
Now that we have seen the activity by categories lets compile them and have a look at the overall activity, or in this case the top 4 activity on the both blockchains.
As seen from above Steem is in the lead mainly because of the large amount of custom JSONs transactions that belong to Splinterlands. The number of votes and transfers are still bigger on Steem, but not as much, and for the core activity posts and comments the number are tied.
Will be interesting to follow these numbers and see how things evolve in the next months.