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RE: Bitshares - State of the Network - 29th May 2018
So overall I love these reports, but I would like to point out something I think is important. The chart, number of accounts holding BTS off the exchange shows a number of ~130,000. That number is interesting to track as a general metric of the number of people, however it does not represent the number of active people. When I looked at the prior two months of activity, I found about 30,000 accounts had traded. So only about 1/4 of accounts are active and 3/4 of accounts are inactive. Over a two day period, I observed about 12,000 accounts trading. Now there is nothing wrong with holding, but it is important to understand these numbers can be misleading.
Though, BTS still has serious TX activity each day - observable on blocktivity: Almost 4 times more than BTC just today.
Good point. And I agree that the fundamental activity is good to watch, but even Bitcoins numbers get inflated...
Increase by 44659 wallets/accounts since last week is wrong. Wallet increase by 13327 wallets since last week.