This post is a weekly, evolving post, analysing Steem(it) by numbers and deducing trends of interest for this project moving forward. Apologise for the late post, I was in Austria over the weekend at the Red Bull 400, more information here. However all the figures are from Saturday afternoon as usual.
As always, I would also invite anyone with special knowledge of Steem(it) to provide analysis (who, what, how, why, witness updates...) of my findings, and I will add this information where relevant to this post. There has been some very valuable contribution to this post in the past few weeks which is much appreciated.
Steemit Statistics Week 5 Highlights:
- Top 100 Accounts Control of Steem Power Continues to Fall;
Whether you include @steemit account in your calculation (-0.53%) or not (-0.77%), the results are the same, another week on week fall in the Top 100 Steem(it) Accounts Control of Steem Power. Steem Distribution is still ongoing, and I expect to this result recreated next week.
- Price of Steem Falls 42.51% Week on Week:
Large losses incurred in the price of Steem have been discussed at length over the past few weeks. You can see my thoughts on this here and further to this here. Overall, my belief is that Liquid Steem increasing is the main culprit to this outcome
- Liquid Steem increases by only 4.11% Week on Week:
This represents a far smaller increase to last weeks +16% and might signify a slowing down of Steem Dollar conversion and Powering Down... If we see this metric settle down to these lower levels, it is one step forward towards the price of Steem Stabilising.
- Active User Numbers Fall Significantly Week on Week:
Not sure what the trigger is for this. Everything seems to be moving forward on the surface, however these numbers have gone the other way this week. I will be monitoring these numbers over the coming weeks with the hope we see a significant move the other way. Last week was flat, so this is a 2 week period of less than growth in active user numbers.
- Activity Metrics; Votes, Posts, Replies all fall Week on Week
These numbers seem to be in line with a diminished user base this week. Obviously too early to make any kind of deductions based on a single weeks data, however we will all be hoping to see these numbers increasing over the coming weeks, to support the value we all see in this platform.
- Internal Market Volume Dries Up:
This was something that I mentioned last week, and the numbers have only fallen since (to pretty much zero). It will be very interesting to see whether any measures are taken by the @founders to increase liquidity in this market. I will be posting on this topic tomorrow..
The Statistics Table:
I've had a few questions regarding where I get my data from over the past few weeks. All the sources are at the bottom of this spreadsheet. I have a manual spreadsheet I input each data point into, and from this, the following screenshots are taken.
Would be interesting to hear your thoughts...