Steemit User Growth Analysis

in #utopian-io8 years ago (edited)

I am generating this data to how to us how much Steemit did growth from the start to now. I am generating this data from @arcange steemsql

Details of analysis that i have gathered

  • Extracted Data at 11/22/2017 2:00PM PH Time
  • Total Accounts created per month and year
  • Total Post created per month and year
  • Top 20 categories and how many are created
  • Tables, Graphs and Chart created for visual presentation

Why i did generate this data?

I did generate this data to know the exact figures and the development of the community. Community members can help the exposure and popularity of the site by sharing their experiences and how Steemit change their lives. With new people coming , the continuous growth of Steemit will surely be recognized.

Accounts created per month per year

Table View

On the table view we can see how user registrations rise up after Steemit has been released to the public and did make a slow down after several months . Sometimes with the hype of the site helps public exposure, and also many people still not yet exposed to cryptocurrency.
With still on its beta stage sure Steemit will have a potential growth, surely on the following months Steemit will regain back it's popularity once people are being educated how cryptocurrency works.

YearMonthAccounts
2016March744
2016April15,562
2016May8,608
2016June8,387
2016July9,792
2016August15,053
2016September7,613
2016October8,346
2016November8,072
2016December4,913
2017January4,902
2017February1,464
2017March1,830
2017April1,976
2017May1,769
2017June1,469
2017July1,922
2017August2,585
2017September2,615
2017October2,151
2017November1,575

2016 Created Users - View in Graph

In this graph we have generated 2016 user created accounts, as we can see April has been the most people signing up an account in Steemit and slows down and back its trend on the month of August.
image.png

2017 Created Users - View in Graph

In this graph , we can see that people have slow down signing up new accounts and continuously decreasing every month if we compare this to the previous year.
image.png

2016 Created Users - View in Pie Graph

In this Pie Graph we can see that around April 18.87% are created comparing to the entire year of 2016.

image.png

2017 Created Users - View in Pie Graph

In this Pie Graph for the year 2017 , the month of January have around 20.21% created total accounts and then signing up process for new accounts slowing decreasing on the following months.

image.png

2016 vs 2017 Created Users

YearTotal Created Accounts
201687090
201724258

image.png

Recommendation :
With the tremendous drop of number of signups. I think Steemit needs to be market more into the public showing what the community is capable of. As per statistic comparison 2016 has around 78.21% while 2017 has around only 21.79%

Total number of posted articles per year , per month

Table View

YearMonthTotal Post
2016March3
2016April1,101
2016May13,446
2016June20,140
2016July342,288
2016August433,366
2016September259,821
2016October195,113
2016November179,961
2016December198,222
2017January218,741
2017February182,790
2017March246,890
2017April213,819
2017May724,878
2017June2,465,293
2017July3,124,660
2017August2,754,524
2017September2,572,672
2017October2,371,066
2017November1,809,782

Graph View

As we can see in the graph , people are less creating articles on the primary stages steemit and begin to have huge increase of created post at the month of May 2017. The increase of transaction greatly increase steemit's popularity to the public.

image.png

Pie View

As we can see in the pie view, around June 2017 there is a huge increase of percentage of people creating articles.

image.png

Top 20 article tags

Table View

Most people in this community create more articles about their photography for this is the most easy way to create articles, you just need to put a photo on it without any details. With too many competition also in the tagged article , it is very hard for each individual to earn from it , even if the article is a quality one. There are some cases that low quality articles are being upvoted by many even if there are still many articles that are better.I feel sorry sometimes to the author , dedicating a long hours of editing such quality post and just earning cents.

CategoryTotal articles created
photography1,203,575
steemit1,169,865
life911,551
introduceyourself795,781
kr766,621
art587,005
bitcoin531,322
travel462,026
food449,023
spanish341,253
cryptocurrency330,752
steem272,043
colorchallenge265,188
news249,332
funny231,173
cn199,282
music164,750
blog151,492
health139,373
nature136,427

Pie View

As we can see on the pie graph, we can see that both photography and steemit tags has really gained popularity and still being used up to now. There are cases that due to huge number of articles created to poplar tags daily, new ones will out of exposure in just a minute. Sometimes you need to have more followers as an alternative option that your article will be seen on their feeds.
image.png

Final Analysis

  • We need more exposure for Steemit to gain more users in the community
  • Current users are now more active that they are on previous months
  • Immediate out of exposure to most articles that are tagged with trending tags
  • Steemit needs more advertisement or public exposure



Posted on Utopian.io - Rewarding Open Source Contributors

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Very interesting stats :)

Wow! I find this stuff fascinating. User acquisition and growth is my bread and butter. I think there's two buckets of issues and various methods to solve those issues we can discuss.

Top of the funnel acquisition (account creation)
Search Engine Marketing/Social Ads- Unlike most websites a steemit account actually costs a non-negligible amount to create so I don't this is a sustainable route to go down.
Blogger outreach - I think there's a lot of potential here. There are hundreds of great bloggers out there that are struggling to monetize their content through ads and affiliates who haven't even heard of steemit. These (b/v)loggers have the additional benefit of large audiences that they can tell to also sign up on steemit.
SEO - We need more tutorials, guides or product related articles. These are the type of articles new users are likely to stumble on through a Google search. Articles about photography or steemit are entertaining to read but I'll never accidentally discover Steemit through those types of articles.

They big question I have is, what is my incentive for user growth? Don't I actually have a distinctive? The more people on steemit, means less of a share of the reward for me right?

User Engagement (upvotes and article creation)
In my opinion the biggest issue here is how confused new Steemit users are. It's a difficult system to understand, with no easy to digest onboarding video or tutorial. The distinction between all the currencies made me a little frightened to post for my first time (what if i lost money? what if a whale down voted me?). When I didn't receive any reward for my first few comments it felt like something was broken.

Anyway, sorry for the long winded response. I really loved your analysis!

thank you @like.basil , i like your comment and you are correct with your statement. There might be cases that there is a disadvantage on the growth of steemit community on the other side , but on the other hand , we can see potential growth also if people are help each other within the community. I agree with your statement that it is a hard start up for beginners , but as soon as you stay longer , you will learn from time to time. Again thank you for your opinion. This is a great. =)

Thank you for the contribution. It has been approved.

You can contact us on Discord.
[utopian-moderator]

thank you @ruah , for approving.

I wonder if this will get upvotes in
https://www.reddit.com/r/dataisbeautiful/
subreddit

I am a little confused as to the number of accounts created per month on steemit. There are over 400K account. In july 17 there were over 54K new accounts where as you are showing on 2K?

hi @paulag, thanks for clarifying , i will try to re-verify and extract again the data about your inquiry.

As of today i have checked that total accounts created by steem overall is 441,404 while non-created by steem is 7306. Thank you. I am doing block check when i generated it previous , will not to block check to get more accurate figures then on my future post.. Thank you @paulag for bringing it out. It really helps me.

sure think, let me know if you need help

yes @paulag , i will surely inform you. thank you very much.

Hey @robin-ho I am @utopian-io. I have just upvoted you at 9% Power!

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  • Seems like you contribute quite often. AMAZING!

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