If we take a look at the amount of Hive powered up on hiveblocks.com, we will see that it is around 172M HP at the moment. The thing is not all of the Hive Power is being used from everyone to curate posts. Some accounts have never curated posts. This might sound strange for the avid users around, but this is the case.
One of the bigger movements that happened with HP holders in 2023 is the power down of the @mottler account that was holding 2.5M HP. This account was never active from the beginning of the chain back in 2016.
With the biggest idle HP holder gone, has things changed significantly in terms of the share of active HP?
Let’s take a look what share of Hive Power is being actively used for curation.
We will be looking at:
- Number of votes per day
- Number of accounts voting per day
- HP voting per day
- Active rshares per day
- Share of HP voting
- Top accounts that don’t curate
The period that we will be looking at is from April 2020 till now.
Number of Votes per Day
First let’s take a look how many votes per day are made. Here is the chart.
This chart shows quite a steady number of votes per day, with a slight increase in 2020. The number of votes per day has been hovering around the 300k with small oscillations in the period.
The sharp drop in October 2022 is due to the hardfork that happened at that time.
Number of Accounts Voting per Day
What about the number of accounts curating/voting daily? Here is the chart.
We can see that there were some more volatility at the beginning in 2020, when there was around 10k accounts voting daily, increased to 14k in 2022, and a drop since then to 12k where it has been in the last year and remained at that number for the whole year.
Active Hive Power per Day
Now for the interesting part. What is the active HP voting daily?
We can notice the uptrend here as well. Up from a 90M in 2020 to 140M HP voting daily now.
Share of HP voting
The overall Hive Power has increased in the period, so if we plot the active HP against the cumulative HP in the period, we get this.
The bottom is the active HP.
The cumulative HP has increased from 140M to 172M now, while the active HP from 90M to 140M. Meaning the active HP has not followed the increase in the overall HP.
The HP balance of the accounts that have not voted in 2023 is around 35M Hive Power.
When we plot the share of active HP in percent % we have this:
This chart shows an increase in the active HP back in 2021, and a slow drop in 2022, and then a very stable 2023 with around 80% if the HP being active, or 20% dormant HP.
Disclaimer: The way this data is calculated is taking into account the active accounts that are voting per day and assigning their HP balance at the moment. While this is accurate enough, it is not 100% accurate since the HP balance for the accounts can be different in the past from what is now, but there is no easy way to get the data for HP balance for all the accounts for each day. Because of this the data above is not 100% accurate.
I wanted to present the data in easy to understand for most of the Hivers and that is Hive Power. Another useful metric and probably more accurate when it comes to active Hive Power is the rshares.
Active RShares per Day
RShares, or reward shares, represent the share that is assigned to each account when curating, based on which the Hive distribution happens for authors and curators. Here is the chart for the active rshares per day.
This chart is slightly different from the HP chart and as mentioned is most likely more accurate, but the number doesn’t mean much for the average user 😊. It shows an overall increase in the active rshares, from 30P (peta) back in 2020 to around 45P where it is now.
The number on the y-axis is on the power of 16.
Top Accounts that Don’t Curate in 2023
What are the accounts that are not voting/curating. Here are the top ones.
As mentioned @mottler was previously dominating this chart, but no more.
The top idle accounts now hold around 500k HP. @recursive is on the top with just above 500k, followed by the @safari and @bitcube accounts, also close to 500k HP.
Overall we can see a steady trend in the share of active HP in 2023. Around 80% active and 20% idle. The mottler account power down didn’t had any significant impact on these numbers. The top accounts that are not voting have around 500k HP.
All the best
@dalz
