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Well, for example, perhaps the activity is numerous folks selling off HIVE. In that case it would not be a good thing that there was so much activity. My guess is that is what is happening with BSV with its new all time high.

You could probably get an idea if that was the case just by looking at exchange volume, transfers, price action, etc etc. Hint, that's not what's going on...

Well considering it is your post how about telling us what you think is going on.

The activity metric measures all the activity going on the exact same way it did on the steem blockchain. Posts, comments, transfers, etc etc etc are all activity. It's pretty simple really.

Well that has got to be the greatest list of apples and oranges out there. Thanks for the explanation, though.