Q2 has been a rollercoaster in crypto prices, and Hive has been on the ride as well. At the end April the price reached 0.7$ and then a drop all the way down to 20 cents, and now it is showing some recovery trading in the 0.3 to 0.35 range.
How was the onboarding in the period? Have we seen more newbies joining this place, and what have they doing on the blockchain?
Let’s take a look.
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, 2020 till now, with a closer focus on Q2 2021.
Number of accounts created
Here is the chart for the overall accounts created.
107k accounts were created from the start of the Hive blockchain.
There seems to be an overall up trend when we look at the chart from macro perspective. Some clear trends, an increase at first, then a drop in October 2020, and an increase again up to May 2021. In the last two months the numbers have dropped, with a sign a recovery in the last weeks.
In the last days the numbers of new accounts created is in the range 200 to 250. Overall the creation of new accounts is following the price action.
The monthly chart for new accounts looks like this
April 2021 has been a record high month for new accounts created, with more than 11k accounts. May has a small drop, but then June has dropped more with almost 8k accounts in the month.
Who created the accounts?
Below is a chart for the account creators in the last month, Q2 2021.
@tipu is on the top with more than 11k accounts, followed by the Splinterlands (@steemmonsters), and then @ecency. 3Speak is also in the top with @ocd and @leofinance.
@tipu is creating accounts for hiveonboard.com.
These are the main creators on accounts in the period.
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.
From the total of 30k accounts created in Q2 2021, around 13k don’t have any activity or, 43% share.
Meaning 57% of the new accounts created in Q2 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 active accounts, making custom json operations (gaming) are on the top with almost 7k account making only that operation.
Then a combination of posting/voting/custom json operation and posts/votes/transfers/json.
In total from the 30k new accounts, around 14k made a custom json operation, 7k accounts made a post operation. A voting/curating operation made around 6k 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 4k accounts made a transfer.
Q2 has been a nice period in terms of onboarding, except from June that have seen a drop. April and May have been the best months. The hiveonboard have been the no.1 in onboarding, and next to it is Splinterlands. The new accounts have been engaged with custom json operations and posts on the blockchain.
Hope to see 100k and 1M new accounts on a monthly basis a few years down the road 😊, instead of the 10k these days.
All the best
@dalz
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Can you do one of these on activity by sign up date?
It amazes me that sooo many people sign up and then do nothing with the account.
I wonder if that percentage has remained constant over the 5 years.
Arcange is showing that inactives are growing as a share of signups.
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Not sure what you mean, something like share of new active account by time?
This will be dynimic...
More, signed up by month still active.
How many are still here from the initial wave and any subsequent waves?
Which signup months are most/least active?
I guess you could do since the hf to hive, but I'm curious how many of the first 100k accounts still interact.
I think we will show a hardcore from 2016 still here and active, but any months that stand out since will give them something to be proud of, if they signed up during that month.
Or, if they signed up in a least active month but persevere as a stand out.
If a user signed up in July 2020, was active till March 2021, but not active in June 2021, will this be inactive user? If we use the last month to determain activity. Then in August 2021 the user might become active again. This is what I mean by dinamic ...
The other aproach will be, did the sign ups made any activity since the account was crrated.
Oh, ok, I see what you mean.
I think I would use 90 days to be inactive.
I guess numbers of accounts that take a 90 day break and return to be active later can be known?
My bet is most 90 day inactive accounts rarely return, but maybe you can show those numbers, too.
Perhaps the type of transactions have an effect, too.
Of those that made a post (since the fork to hive?), and were active for XX days, XX are currently active.
Those that only made jsons for XX days and are still currently active.
Maybe show the average number of days it takes for formerly active accounts to become inactive?
How many were active for at least XX days and went on to be active XX days later.
Does that help?
If an account was active for 30/60/90 days, then took a minimum 30/60/90 day break, how many are currently active in the last 90 days?
What is the longest inactive streak to come back and be active in the last 30 days?
What are the accounts with the least inactive days?
Which accounts are the most active across the various columns?
Json, transfers, posts, comments, etc.
Love those reports, onboarding is the most important thing to keep track of
Thanks!
Its always intersting to check the numbers.
No, you can create accounts for free with sufficient RC's.
If there were few more awesome NFT games like Splinterlands we could end up seeing way more growth on the platform IMHO.
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True that ... not easy to replicate though ...
Splinterlands was a lightning in a bottle scenario. I do play https://www.risingstargame.com and https://dcity.io But they don't have a large economy like Splinterlands. I didn't get much time to check out on Exode. It's kind of a numbers game too. If we have more devs making more games - it's more likely to have more successful blockchain Dapps on Hive.
Yes, usualy only a few out of many succeed
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Blogging will be relegated to the backspace in the future from what I see. The future is in other apps off the hive engine
I onboard new users every week and the biggest complaint I get is how hard it is to sign up. I usually recommend they use Ecency but when it comes to how often they are able to complete setup easily, it is hit or miss. New user onboarding is so important and we are still not quite there.
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Always said it gaming is going to be our biggest entry and easiest onboarding point right now.
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What does tipu do that nobody else is doing?
I have no idea who they are or what they do, yet they're leading the charge when it comes to onboarding.
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Have you checked this site?
https://hiveonboard.com/
Its sort of the "official" site for creating hive accounts .... tipu is creating them.
Ohhh, they're Hive Onboard.
My bad, dumb question ;)
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The future is coming, quick
Thanks for sharing an amazing report with crypto getting widely adopted across the region more account will be created in hive blockchain.
Excellent report and good to read! Eat !PIZZA
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Thanks!
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This is great to see, I hope some of our efforts of lovesniper and our onboarding and retention initiatives are reflecting a bit on those stats.
Ocd work and communities building and support is amazing .... for sure it reflects it
What are the new active accounts doing - this is important. Hardly anyone is blogging, its all about gaming is what I see. I really think HIVE needs to move past the blog and position itself to game devs in a massive way. The writing is on the wall.
As always, thank you for sharing this data in an easy to digest format.
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Not a 100% sure of this ... the gaming stats are strong mostly becouse of Splinterpands, and that is only one app, no other game has manage to replicate them at that level.... at the end gaming and bloging go well together :)
Smart contracts, communities tokens, liquidity pools for them on Hive is something that can give a lot of space for growth
Interesting
Check out !PIZZA
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@dalz! I sent you a slice of $PIZZA on behalf of @cooperclub.
Learn more about $PIZZA Token at hive.pizza (1/20)
Oye interesante uno piensa que hay poca gente en hive, pero no, lo que hay es un montón de cuentas creadas nuevas