More important than the number of accounts or daily activity, I would propose that the wider the distribution of posting rewards is the key metric we should be tracking to show the health and sustainability of this great platform.
How can we examine the health of Steem over time?
Image Source: pixabay.com
In this post I analyse how many individual accounts make up 90% of the post reward payouts per day for the period October to December 2017. The wider the distribution of rewards the smaller this statistic will become
Post Payouts by Value
We start by examining the daily post payouts for the three month period October to December. The colour shows what authors make up 90% of the daily payees (by value).
- Note the increase in payouts in December as a result of the Steem Price rise.
Post Payouts by Number
An almost reverse picture emerges if we look at the daily payouts by number. This second graph shows, for the same data and split as in the first graph, the count of unique accounts that received this 90% of daily payouts by value.
- This is actually smaller than I was expecting but it is still significant.
Post Payouts by Number (Split)
This is the same graph as the last one but it's easier to see the numbers and growth.
- As we get more users you may expect both these figures to grow.
What is most important here is what proportion of daily posters get the 90% share.
We want to see this figure come down over time.
Accounts that get 90% of Daily Post Rewards
If we divide the number of accounts that get the 90% share by the total accounts that post in a day we get the following graph.
- The proportion is dropping so effectively the number of accounts that get 90% of the rewards a day is dropping.
- Over this period the proportion dropped by about 3%.
- This metric will be one to watch over time.
Related Posts
I am taking a deep dive into the Accounts and Activity of Users in this series of posts. The plan is to produce a series of regular reports based on the outcome of this series. Please let me know what you think in the comments.
You may also be interest in:
- https://steemit.com/stats/@eroche/steem-post-payouts-and-steem-health
- https://steemit.com/stats/@eroche/steem-comment-data-and-automated-accounts
- https://steemit.com/stats/@eroche/steem-post-data-and-automated-accounts
- https://steemit.com/stats/@eroche/steem-network-growth
- https://steemit.com/stats/@eroche/steem-distribution-of-posting-rewards-by-account
- https://steemit.com/stats/@eroche/steem-distribution-of-posts-by-account
- https://steemit.com/stats/@eroche/steem-account-activity
- https://steemit.com/stats/@eroche/steem-geographical-distribution-of-accounts
Thank you for reading this. I write on Steemit about Blockchain, Cryptocurrency, Travel and lots of random topics.
