What Is The Share Of The Hive Power That Is Actively Voting/Curating?
If we take a look at the amount of Hive powered up on hiveblocks.com, we will see that it is around 161M HP at the moment. HP has a lot of use cases and one of them is curating posts. Thins 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.
Let’s take a look what share of the Hive Power is being actively used for curation.
This is a type of data that I wanted to do for a while now but it was always left behind by some other tasks. Now its time has come. A long time ago (four years ago) @crokkon made a similar post, with some additional data here.
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 Jan 2021 till July 2022.
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 the last two years. The number of votes per day has started with bellow 250k and now is almost at 300k votes per day.
Number Of Accounts Voting Per Day
What about the number of accounts curating/voting daily? Here is the chart.
The number of accounts voting has a similar pattern as for the number of votes. A slight increase in the numbers with the number of accounts ranging from 10k to around 14k at the moment.
Active Hive Power Per Day
Now for the interesting part. What is the active HP voting daily?
We can notice the small uptrend here as well. Up from a 100M at the beginning of 2021 to 127M 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 orange is the active HP.
The cumulative HP has increased from 140M to 161M now, while the active HP from 100M to 127M. In the last period there seems to be a flat out in the amount of active HP that has stayed at the 127M, while the cumulative HP has increased.
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. Even if there was such a data it would be quite the process to calculate it. 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, without the flat out that we have seen in the active HP. There was a slight drop in the summer of 2021, and since a constant and steady growth.
The number on the y-axis is on the power of 16.
Top Accounts That Don’t Curate
What are the accounts that are not voting/curating. Here are the top ones.
These are accounts that haven’t voted in more than a year. The @mottler account is leading by a lot with 2.5M Hive Power. This account has not voted ever! Next is the @safari and then @bitcube with close to a 500k HP.
The HP balance of the accounts that have not voted more than a year is close to 30M Hive Power. This represents 18.6% out of the 161M HP at the moment.
A 18.6% dormant Hive Power
From what can we see from the above there seems to be a small uptrend in the amount of active HP, both in absolute and relative numbers. There are around 30M HP that are not been used for curation, and this number is quite constant during the period.
All the best @dalz
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