New Hive Accounts By Type of Operation | What type of operations are the new accounts making?

in LeoFinance15 days ago (edited)

The HIVE price has seen some nice increase in the last month or two, going from sub 0.2 to almost a 1$ and back to 0.55.
When prices are up usually, we have more people joining the blockchain. What are the numbers for new signups? Let’s take a look.

01.png

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 21, 2020 till now, with a closer focus on March 2021.

Number of accounts created

Here is the chart for the overall accounts created.

02.png

Almost 80k accounts were created from the start of the Hive blockchain, in the first year.

We can notice an increase in the number of accounts created in May and June 2020, at the time when the price of Hive spiked for a short period of time to a 1$. Then in the second half of 2020 a period of decreasing in the numbers of Hive accounts, and a growth in 2021.

We can see an uptrend in the last month in the numbers of new accounts created. In March 2021, o average there is more than 300 Hive accounts created per day.

The monthly chart for new accounts looks like this

03.png

March 2021, is the month with the highest number of Hive account created. A ATH in new accounts per month, reaching almost 10k accounts.

Who created the accounts?

Below is a chart for the account creators in the last month, March 2021.

04.png

@tipu is on the top with more than 3700 accounts, followed by the @esteemapp and then Splinterlands (@steemmonsters).

LeoFinance is on the 5th position by the number of Hive accounts created in March, followed by 3Speak.

I believe @tipu is creating accounts for hiveonboard.com.

These five are the main creators on accounts in the last month.

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.

05.png

From the total of 9700 accounts created in March, around 4k don’t have any activity or, 40% share.
Meaning 60% of the new accounts created in March 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 60% active, accounts making custom json operations (gaming) are on the top with 2700 account making only that operation.
Then a combination of posting/voting/custom json operation and post/json only.

In total from the new accounts in March, around 4k made a custom json operation, 2k accounts from made a post operation. A voting/curating operation made around 1.5k 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 900 accounts made a transfer.


March has been a record high month for new Hive accounts, with a great level of activity from the accounts. @tipu is creating the highest number of accounts, and Splinterlands is doing a great job in the gaming category.

Will be interesting to see how this progress going forward. Maybe a day will come with 1M new accounts per month, where the 10k now will look tiny 😊.

All the best
@dalz

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I am one of those accounts from March and I have to say that it is not easy to understand how Hive works exactly. Not even after a month of actively using it I have clear all the possibilities. I had heard of Hive before and had intended to open an account but when I had 5 minutes to look at it it became difficult for me to understand and I went on to something else. I finally decided to try the Rising star game and opened my account.
It's just my experience.

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Yea its not the most user friendly :)
I would like to hear your experience in a detailed post.
How did you find out about Hive? Did you knew someone already on Hive before joining? How did you create your account? How did you get RC (HP) to be able to interact with the blockchain. What activities are you doing now on the blockchain ... etc ...

Tag me if you decide to write such a post, or just share it as a reply on this comment.

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Another great post @dalz. Thanks for doing this. It is important to follow how the chain is moving.

It seems like we are getting more gaming activity by the JSON results. That is sensible if Splinterlands is making progress.

Perhaps it is time for a post about the breakdown of the activity/transactions. I know you did posts in the past that detailed JSONs versus posts, upvotes, etc...

It would be interesting to see the overall numbers since the fork too.

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Thanks!
Splinterlands is doing great, but the posting is growing as well.
Growth on all fronts :)

This one is three months old.
https://leofinance.io/@dalz/activity-on-hive-by-category-or-posts-comments-votes-transfers-and-custom-jsons-6fqvs9

Overall Splinterlands is activity heavy, MAU, might be the best indicator and in that metric the accounts playing SL and accounts posting are both around 10k in February 2021.

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I still feel like that 4000 without a transaction is still too high of a number. As nice as the 60% with a transaction is. It makes me wonder what kind of account they are. We don't see bots as much as we used to, so I wonder what the plan is there.

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Quite a while ago I made an account solely as a backup account for my main. Probably doesn't explain them all though.

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Yeah, I think all of these were recent.

Nice report. JSON, is that mostly splinterlands then?

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Most of them yes, but there is Hive Engine operations as well. Some other games as well ... CBM, Rabona ...

Really cool update! I was curious to know how many people would be joining as active members and where I could best interact with them.

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Shows just how important gaming is to not only the Hive blockchain, but the entire crypto space in general.

Something that I hope the Hive powers that be are taking notice of.

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Hive is great for gaming!
Gaming and blogging go amazingly well ....

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Really cool update! I was curious to know how many people would be joining as active members and where I could best interact with them.

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Hive will be mass media be ready to the content waves

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I remember back in the days of the old blockchain, the share of active accounts from the newly created was just around 15%.

Which means we've had a 4X increase! That's EPIC!!!
I've been a big believer in gaming as a way to get people into Hive. That's working really well. With Hive prices going up I expect better things.

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In terms of new active accounts yes!
Back in the days STINC made a lot of accounts that did nothing ...

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I'm honestly pretty shocked how @tipu has been doing. Imagine, a curation account focused but redirected now to assist new user signups.

The number of account creations everyday is a significant sign that we're going in the right direction. Price is indeed a huge factor behind this increase but I'm being more optimistic here, that the technology and community that we provide makes more sense behind this growing ecosystem.

Thanks for pulling out these data. Truly amazing @dalz.

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I'm happy to be a part of this growing community

2021 is a massive onboarding year for Hive

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Thanks for the data, @dalz. 10k new Hive users in March only, and 60% of those actively participating is a good sign. Hive is growing steadily, and will continue to do so.

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Yep nice growth .... hope its just get more from here

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Very interesting data

I remember back in the days of the old blockchain, the share of active accounts from the newly created was just around 15%.

This increase (60% vs 15%) is really positive and I think it's partly due to the fact that Hive is much easier than before from a new user point of view because the front ends like PeakD and Ecency are much better than before like the games and above all there are many more communities trying to help new users.
Thanks for this post
!BEER

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Really good and informative statistics, thank you!

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Another great post @dalz. Thanks for doing this. It is important to follow how the chain is moving.

It seems like we are getting more gaming activity by the JSON results. That is sensible if Splinterlands is making progress.

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