With the overall downtrend in the crypto market and the bear market, the demand for new Hive accounts is going down as well. Unlike 2021 when there was a record high number for accounts created per year, 2022 seems to be on the totally different side with a low number of accounts created.
Hive accounts have a readable username unlike the random strings on Ethereum or Bitcoin wallets. This human readable name comes at costs as it takes up resources. Creating new Hive accounts is the most expensive operation on the Hive blockchain and it can be done with a lot of Resource Credits (RCs), meaning a lot of Hive Power, or just paying the fee that the blockchain has for creating new accounts.
The fee for creating new Hive accounts is a parameter set by the witnesses and at the moment it costs 3 HIVE. With the volatility of the HIVE price sometimes it is a challenge to price these things.
The option for creating accounts with RCs, or sometimes perceived as the free accounts requires users to first claim account as an account token, that can be then used for creating accounts. Not all claimed accounts are created. Claimed accounts are not transferable yet.
Here we will be looking into the following:
- Number of accounts created per day
- Number of accounts created per month
- Total accounts created
- Number of accounts claimed
- Claimed VS Created accounts
- Top accounts creators
- Top accounts claims
For context we will be looking at the period from the very beginning of the chain, March 2016 till today.
Number Of Accounts Created
Here is the chart for the overall accounts created.
Here we can see the two spikes in the overall period of Hive existence. First in 2017, especially towards the end of 2017 and the beginning of 2018. The second spike is in September 2021 where on occasions there was 20k accounts created in a day.
If we zoom in 2022 we get this:
A steady downtrend from 1k to around 200 accounts created daily in the last days.
The monthly chart for new accounts looks like this:
We can notice the spike here as well, with the 2021 spike reaching higher heights on a monthly level. In September 2021 there has been 280k accounts created per month. Starting from January 2022 the number of accounts created per month is under 10k, with May and June around 7k new accounts.
Just to note that back in the period August – October 2021, Splinterlands burned more than 2M HIVE for creating Hive accounts.
Total Accounts Created
When we sum the above, we get this.
We can see here the increase in the numbers of accounts in 2017, when the accounts number reached more than 1M. Then a period with a gradual increase and then even steeper growth in 2021, and now again a slow down. At the moment there is 2.4M Hive accounts.
As we have seen from the recent post on active hive accounts, on a monthly basis there is around 500k active accounts, most of which are Splinterlands players, while the number of accounts that post is around 14k.
Ona a yearly basis the numbers looks like this.
| Year | Accounts created |
|---|---|
| 2016 | 124,981 |
| 2017 | 419,984 |
| 2018 | 640,608 |
| 2019 | 166,079 |
| 2020 | 75,395 |
| 2021 | 910,098 |
Up until June, in 2022 there is 70k new accounts created, and the year will end probably somewhere around 150k new accounts, or similar as 2019. Although there is six more months and a lot can change in crypto in six months 😊.
Number Of Accounts Claimed
Claimed accounts are like sort of a buffer of accounts. Accounts with high HP claim accounts that later can be used for accounts creation. Not all claimed accounts are created.
Here is the chart.
There as some oscillations in the number of claimed accounts per day, but overall, the number is around 2000 accounts claimed daily.
In the hivesql database there is data for claimed accounts starting from September 2018, so I guess this option was enabled then. Since then, a total of 2.3M accounts were claimed, and from the quick analysis it looks like somewhere around 500k accounts tokens have been used. This means that users on Hive still hold around 1.8M accounts creation tokens.
Claimed VS Created Accounts
Here is the chart.
As mentioned, there is around 2k accounts claimed per day, while the number of accounts created can vary a lot. Starting from August 2021 the number of accounts created surpassed the number of accounts claimed by a lot. In 2022 the number dropped, and it is now around 200 daily created vs 2000 claimed.
Top Accounts Creators
Here is who created most of the accounts in June 2022!
@threespeak and @steemmonsters are on the top with almost the same number of accounts created 1800. @ocdb is next with 1500 accounts created.
Top Accounts Claims
At the end the chart for who has claimed most of the accounts in June 2022.
This chart mostly follows the HP holdings that the accounts have.
@ocdb has is on the top with almost 9500 accounts claimed, followed by the @appreciator account on the second spot. @blocktrades comes on the third spot.
The number of new accounts created in 2022 has dropped significantly after the massive pump in 2021. Splinterlands was the major driver for the creation of new accounts in 2021. In the last period the numbers are down there and now 3Speak comes on the top.
We will see how will things develop in the next year in the Hive ecosystem as more mature apps come out and there is a demand for accounts.
All the best
@dalz
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