Hive: Monthly Distribution Report Through 6/30/2020 (Whales Are Losing Power)
For about two years, I did a monthly report on Steem called "STEEM: Whales Are Losing Their Power....The System Is Not Broken". This took a look at how the distribution of Steem Power changed on a monthly basis. The presumption on there was that the Whales were just getting more powerful when the reality showed the exact opposite. When it came to Steem Power, over a two years period of time, things were flattening out.
Of course, we know that Steemit Inc selling part of the stake each month had a lot to do with it. Unfortunately, as we found out, not enough was sold.
I decided to bring this report over to Hive so that we can monitor how things are going. I am going to use the first chart I have from Steem as the initial basis since Hive has its roots there. The chart is pertinent for all categories other than the Whales since we know that is much different than on Hive due to Steemit Inc.
These are the numbers through May 31, 2020.
Each month I monitor what is going on with new accounts and the amount of MVests in each category. I do this to determine what trends are taking place.
Now that we are at end of month, time to post the numbers again.
I want to thank @arcange for the work done each day compiling these numbers and making the charts.
We will be showing 3 months worth of data for analysis purposes to see how the 90 day trend might be.
The first chart is from August of 2017, the month I started on Steem. It is placed here to provide some contrast to see how things are changing over a longer period of time.
Here is the breakdown.
8/1/2017
The total MVests here is 336,932.
On a percentage basis:
Whales 75.44%
Orcas 14.86%
Dolphins 7.16%
Minnows 2.14%
Red Fish .01%
Inactive .40%
4/30/2020
https://leofinance.io/hive-133987/@arcange/hive-statistics-20200430-en
The total MVests here is 309,285.
On a percentage basis:
Whales 42.38%
Orcas 26.22%
Dolphins 17.95%
Minnows 8.87%
Red Fish 4.57%
The change over that time period is as such:
Whales -6.74%
Orcas +5.49%
Dolphins +5.22%
Minnows +6.74%
Red Fish +6.78%
5/31/2020
https://leofinance.io/hive-133987/@arcange/hive-statistics-20200531-en
The total MVests here is 273,246.
On a percentage basis:
Whales 36.31%
Orcas 29.46%
Dolphins 19.07%
Minnows 9.97%
Red Fish 5.19%
The change over that time period is as such:
Whales -14.32%
Orcas +12.36%
Dolphins +6.24%
Minnows +12.40%
Red Fish +13.57%
6/30/2020
https://leofinance.io/hive-133987/@arcange/hive-statistics-20200630-en
The total MVests here is 265,626.
On a percentage basis:
Whales 36.24%
Orcas 29.21%
Dolphins 19.20%
Minnows 10.01%
Red Fish 5.33%
The change over that time period is as such:
Whales -.19%
Orcas -.84%
Dolphins +.68%
Minnows +.40%
Red Fish +2.69%
4/30/2020
5/31/2020
6/30/2020
So what does this all tell us?
Perhaps we are starting to see things settle down after the hard fork. The first couple months were a bit amiss considering a lot of $HIVE was powered up on the exchanges.
We are starting to see the spreading out of the token distribution. It is a slow process but, as evidenced by the first chart, we came a long way in the past 35 months. Also, the removal of the Steemit Inc stake also had a major impact.
This month, we saw both Whales and Orcas experience a slight drop in terms of the percentage of total HP held. The other three categories saw an increase with the Red Fish seeing the biggest jump.
What this means is that, albeit slight, but the lower categories have seen an increase in the influence they collectively hold.
On April 30, 2020, the Whales and Orcas had 212,160 MVests (68.66% of the total); on May 31, 2020, 179,704 MVests (65.76% of the total), a decrease of 4.2%; on June 30, 2020, 173,858 MVests (65.45% of the total), a decrease of .47%.
Hive Power is important because it affects the reward pool, Witness voting, and support of the Hive Proposals.
It is good to see the smaller accounts adding to their influence this past month.
If you found this article informative, please give an upvote and rehive.
gif by @doze
Posted Using LeoFinance
great to see it!
Very rich data shared here, will keep on reading the coming months reports.
Thank you for keeping us updated.
Very good to see. If this place is going to have a future we need to see this decentralisation of voting stake continue.
This is what makes it a decentralization community, everyone will gain going forward. Whales getting from curation and the redfish and minnows by getting up votes from the whales
Very true!
How are you sure that whales are not creating more small accounts and distribute their stake into it? How sure are you each orca is an "UNIQUE" individual?