How many active accounts does the Hive blockchain have in 2024? What are they doing on chain, posting, gaming, transferring funds?
The Hive blockchains has around 2.5M. What percentage of these accounts are active?
How has the market influenced the number of active accounts?
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
- Votes/Curate
- Transfer coins
- 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.
We will be looking at the number of active accounts by the operations stated above for the 2020 – 2024 period.
We will be looking at the number of DAUs (daily active users), the number of MAUs (monthly active users), and then summary for the whole year.
Daily Number of Active Accounts
First let’s take a look at the number of accounts active per day. Here is the chart.
The above is the chart for DAUs, for accounts making any type of operation.
This chart is from the Hive creation fork, back from March 2020. As we can see at first in 2020 the number of DAUs was low with around 15k to 20k accounts making any type of operation on the Hive blockchain daily.
Then in the summer of 2021 this number increased significantly driven by the success of Splinterlands. At one point the DAUS reached 500k per day. In 2022 the DAUs numbers were around 200k, and in 2023 this number continued to go down and has been in the range of 500k to 100k DAUs.
Most of these movements are due to Splinterlands active players.
Active Accounts by Category
What type of operations are these accounts making?
From previous analysis we know that most of the DAUs are coming from Splinterlands. If we take a look at a chart with active accounts per operation, we got this:
The top line are the accounts making custom JSON operations, that in most cases are gaming/Splinterlands operations. The number of these accounts is so much higher then the rest of the operations that we can barely see them on the bottom of the chart. Although we can notice that they have declined significantly.
The number of daily accounts making custom json operations in the last period is around 30k.
If we exclude the accounts making custom json operations for better visibility, we get this:
These numbers are quite stable.
From the above we can see that in the last period there is around 12k accounts voting/curation on daily basis, then there is around 3.2k accounts making posts or comments, and around 2k accounts transferring funds on a daily basis.
Its amazing how stable the number of these active accounts is in the last year.
Active Accounts Posting or Commenting
If we focus only on the core activity so to speak, the chart for accounts making post or comments looks like this:
We can notice the uptrend until January 2022, and then a steady downtrend since then. At the top there were around 5.5k accounts making posts or comment daily. Now we are at 3k DAUs, back around the level where we were in 2020. The drop in the number of posting and commenting accounts is much smaller compared to the overall activity.
Monthly Number of Active Accounts
The monthly numbers might give a better perspective for active accounts, as not all the users are making operations daily. Here is the chart.
We can see the sharp increase in the MAUs back in 2021. From around 50k to more than 700k in a few months. After the peak at the end of 2021, the number of MAUs has steadily been going down, and it seems that has bottomed out around January 2024 when there was 135k MAUs.
In the last months the number of MAUs has been steadily increasing and we are now at 180k MAUs in April 2024.
When we zoom in 2023-2024 for MAUs we get this:
Around 400k MAUs at the beginning of 2023, while we are now at 185k. The numbers seem to have been stabilized in the last period after the bull market volatility in 2021 and 2022.
When we breakdown the monthly active accounts by type of operation we get this:
As for the DAUs, we can see that the custom JSON operations dominate this chart as well.
Back in 2021 there were 700k accounts making custom json operations while now we are at 150k MAUs.
If we zoom in for the other three categories, excluding the custom_json , we get this:
A much steadier numbers here, with a slow growth towards January 2022, and then a slow decline. The number of accounts voting is on the top in terms of MAUs, with 18k in the last months, followed by the accounts transferring funds, with 11k, and then closely next are the MAUs for accounts posting or commenting with 10k.
Active Hive Accounts by Category
For the month of April 2024, the number of MAUs, summarized by categories looks like this.
Number of active accounts in 2023 by operation:
- Custom JSON - 157k
- Votes – 18k
- Transfers – 11k
- Post and Comments – 10K
Gaming is on the top, on the second spot with 18k is curation/votes, then comes transfers and posting comes at the end.
All the best
@dalz
The number has gone down but has stabilized. I think it's slowly growing on a YoY basis, albeit at a very slow pace.
Interesting stat.
Thank you.
Tnx!
With 80% of accounts doing custom JSONs, I bet we could come up with some sort of solution for enterprises. I keep thinking this blockchain is useful for Games, businesses, states even. Posting and commenting is cool for the few that use it, but maybe not Hive's most useful application.
We have a solution, but we need help from a programmer :)
Some call it data availability protocol :)
The question after the data is, how can we have a higher user retention?
The number of users that are posting, curating, transfering funds is actualy very stable.
Whats been going down is basicly Splinterlands players. The more detailed question is how to retain SL players, while growing the other aspecta as well...
I think the best approach is creating more games. Invennium has many of the infrastructure work taken care of. What we need is more developers for GLX + COLONY even more than SPS.
As always my good friend Dalz giving us awesome records. your analysis of active Hive accounts by category for May 2024 was really insightful. I'm seeing some good detailed breakdown of posts, votes, and transfers is super helpful for understanding the platform's activity. Thanks for putting this together, it definitely took some effort
I like to read these types of publications that show that Hive is a solid and stable platform, many projects have come out trying to imitate it but they do not last long, many accounts are abandoned every day and when they do not see profits and the projects do not progress, that is why I prefer work and recommend Hive.
There is a direct proportion between the Hive price increase and the number of posts. This is quite normal.
What I like is that we've been on a slow uptrend this year, which is encouraging. And that even if the price of HIVE hasn't gone up yet to convince the seasonal accounts to become active again.
The price of Hive hasn’t really gone up but people are posting and some accounts are becoming active again
That’s really a good one
It seems that we are growing again but very slowly. We are lagging behind the bull market.
I still believe we will still have more active hive users in the coming months
These numbers are coming down due to price reduction but don't worry, prices are going to go up after some time, so here we will see more active users.
I expected Splinterlands accounts to take a large chunk of the Hive userbase, but I didn't expect it to be that much. I started in SPL too, and just found out about the Hive blogs months after. It seems SPL has been very important in Hive's ecosystem.
This is an insightful analysis, could you make one showing the comparisons of the different Frontends, as well as comparisons between the different communities, thanks.
The majority of activity on the Hive blockchain's active accounts is gaming, demonstrating strong engagement. Core functions like as publishing, funding transfers, and voting have not changed since 2022, despite a decrease; this indicates a robust and dynamic ecosystem. Outstanding expansion in general
The majority of activity on the Hive blockchain's active accounts is gaming, demonstrating strong engagement. Core functions like as publishing, funding transfers, and voting have not changed since 2022, despite a decrease; this indicates a robust and dynamic ecosystem. Outstanding expansion in general