Steem is the most active blockchain in the world. No, it's not wishful thinking and no, I'm not kidding you.
Compared with Bitcoin, Ethereum and other crypto "giants", Steem is on top of them, in terms of absolute number of transactions. And now there's a website to prove this.
Introducing blocktivity.info, a project by Steemian @blocktivity. The site aggregates the transactions (just the number of them, as far as I understand) and creates a few very, very interesting metrics starting from that number.
Let's take them one at a time. First, let's look at Activity Matrix:
As you can see, Steem is on top of the list, before Ethereum and Bitcoin. As far as I understand, the market cap and the price in fiat is pulled from coinmarketcap in real time, but all the other metrics are refreshed every 24 hours. In this chart there are a few other metrics, but I leave you the pleasure to discover them
Onward to the total number of transactions (which is different from the Activity Matrix above).
Here, we learn that 40% of the entire number of blockchain transactions are performed on the Steem blockchain. Which means even the transaction in which this post was published, or your vote was casted or your comment was added, are part of this huge ecosystem. It's also worthy of interest to note the presence of BitShares, with no less than 12.9%, more than Bitcoin.
But my favorite chart is this one:
Although Steem accounts for 40% of the total of the blockchain transactions in the world, its market cap is only 0.3%. BitShares shares this faith (pun intended) with only 0.6%.
I don't know what you think when you look at that chart, but I'm thinking: "if only people will stop buying FUD and HYPE, and look at what really matters, I bet the top 5 crypto currencies in the world will look way better. Way, way better".
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
https://steemit.com/~witnesses
If you're new to Steemit, you may find these articles relevant (that's also part of my witness activity to support new members of the platform):
I knew about Steem but the surprise was Bitshares transaction volume....
My belief in Steem, Bitshares and EOS is great. All related somehow due to involvement of Dan. It is true that Steem is undervalued.
I hope you remember the discussion we had about Steem and I said I see Steem going $50 at the end of 2018. You asked for my reasons. Well, here are my 5 reasons why Steem is going big in 2017.
Just read it. Nice one, I agree with all 5 points.
Thank you. Always a pleasure to learn and talk.
I think 2018 will be the year steem is discovered by mainstream as ethereum and bitcoin and ripple and litecoin were in 2017.
This is actually really promising information. I figured that Steem accounted for a lot of blockchain interactions but I couldn't imagine that it is THIS much. It is only going to get higher as more people inevitably join the site as well.
This is is something that I am going to show people when they doubt the "validity" of Steem as a blockchain.
It has been very exciting today regarding the growth of the steem, we are pending until what will rise: D
Forgot to check it today, looks like today was a record day with the transactions due to the price/volume increase. Great to see.
And much steemians would be rich, but life would be too easy then :))
i think this aspect of steem is not yet mainstreamed people only see the prices if we are also not on steem we will not see this perceptive of the steem but with the price rise they will see it getting more popularize
Steem & EOS will out perform these in long run. These duo have much more potential than other blockchains.
I quote "I don't know what you think when you look at that chart, but I'm thinking: "if only people will stop buying FUD and HYPE, and look at what really matters, I bet the top 5 crypto currencies in the world will look way better. Way, way better". Then coins with values and potential will rule the world of digital currency.
Nice post @dragosroua
Well @dagosroua, informative updates with happiness. enjoying the rate of steem.
Steem 4.25 $ now
steem on.!
I bought some bitshares a while back when a YouTube's recommended it after the bans on exchanges saying as more countries ban exchanges decentralized ones like bitshares will gain popularity. It dropped quite a bit since his recommendation, but it's sitting good now. Just wish bittrex wouldn't have delisted it.
Bitshares was around 12 cents when Bittrix delisted it. It still isn't back on Bittrix, but Bitshares is at 80 cents (as I write this). It's going to be a great year for Bitshares!
I am so thankful that I found Steemit in June 2017 and then found Bitshares soon after as a result of the reading I did here on Steemit.
These two crypto communities have already changed my life significantly for the better.
people only see the prices and that too high one don't understand and look at the future potential but finally the shift is coming soon
steem is way ahead and giving tough competition to its relatives
very under evaluated they are for sure but lets see it will grow soon