SBD Transfers To Exchange Services - Analyze
Details
The main purpose of these analyzes based on "how much SBD transferred to popular exchange services, which is more preferred ". Research shows that SBD transfers via using Bittrex, Blocktrades and Poloniex services.
Steemit society has high attention on SBD because of post reward system deal with it and easy to transferring to domestic currencies. That's why aim of research calculating usage of SBD in cryptocurrency. Thank to the these analyzes we may have enough knowledge about how much SBD withdraw from platform by users, approximately.
Outline
- How much SBD transferred to 3 populer exchange services in this week.
- How much SBD transferred to 3 populer exchange services until 23.02.2018.
- The list of most SBD transferred 10 accounts to 3 popular exchange services in this week.
Scope of Analysis & Tools
The data is sourced from SteemSQL - SQL database with all the blockchain data held within. i access to data via SSMS and I used live.amcharts for charts.
My analyzes will be weekly, between Saturday and Friday. The first part of my analyze started on 17.02.2018 and until 23.02.2018.
Total analyze of the research covers created time of account until 23.02.2018.
My query for weekly top 10 withdrawn list :
SELECT TOP 10 *
FROM TxTransfers
WHERE timestamp >= '2018/02/17' AND timestamp < '2018/02/23' AND amount_symbol = 'SBD' AND type = 'transfer' AND [to] = 'bittrex'
ORDER BY amount DESC
[to] changes between Bittrex, Blocktrades and Poloniex.
My query for weekly SBD total withdrawn list :
SELECT sum(amount)
FROM TxTransfers
WHERE timestamp >= '2018/02/17' AND timestamp < '2018/02/23' AND amount_symbol = 'SBD' AND type = 'transfer' AND [to] = 'blocktrades'
[to] changes between Bittrex, Blocktrades and Poloniex.
My query for total SBD withdrawn until 23.02.2018 :
SELECT sum(amount)
FROM TxTransfers
WHERE [to] = 'bittrex' AND timestamp < '2018/02/23'
[to] changes between Bittrex, Blocktrades and Poloniex.
Total transfered SBD
As we can see Bittrex most populer site for to withdraws SBD. Poloniex follows it and third one Blocktrades.
Weekly transfered SBD (17.02.2018 - 23.02.2018)
This week Bittrex had highest transfer ratio with %81.47. Blocktrades follows it with 18.52. Poloniex had almost nothing.
Weekly Top 10 Transfers (17.02.2018 - 23.02.2018)
Transfers to Bittrex :
Transfers to Blocktrades :
Transfers to Poloniex :
Results
When we check transfer charts, we can see that Poloniex was the populer for transfers but now it lost all of it's popularity. Now it does not have even 10 transfers. Blocktrades saves own position. Bittrex is the king.
If we look at Bittrex top 10, we can see that some people transferred their SBD from Blocktrades to Bittrex. The big part of high level transfers to Bittrex from Blocktrades in this week. Only two of them comes from different accounts (kusadasi and minority-report).
On Blocktrades top 10 list we can see that, also another platform members transferred their money.
On Poloniex top 10 list, actually there is not even 10 transfers. It looks like Bittrex and Blocktrades do not leave free space for Poloniex.
When we check weekly total transferred SBD to these services, we can see approximately 498,689.198 SBD withdrawn. I would like to emphasis on "approximately" because Blocktrades transferred SBD to Bittrex and we do not know the source of this money. Maybe some people transferred it to Blocktrades a few months ago and decided to change exchange service or transferred it to Blocktrades a few days ago and then transferred to Bittrex.
Posted on Utopian.io - Rewarding Open Source Contributors
Your contribution cannot be approved because it is not as informative as other contributions. See the Utopian Rules. Contributions need to be informative and descriptive in order to help readers and developers understand them.
Dear @thornaci,
your contribution shows the sums of SBD transfers to and from 3 exchanges in the course of one week. It is a visualization of the state for that week, but there's not really an analysis. How did the situation evolve over the past months and which conclusions can be drawn? What about STEEM? Are transfers correlated to the market prices?
You can contact us on Discord.
[utopian-moderator]
Thank your for your comments. The next post will include more details. I did not talk about STEEM. Because post rewards come as SP and SBD. I checked many accounts wallets, specially Utopian society, most of them do not have and transfer STEEM. So i decided to focus to SBD transfers.
there's actually more STEEM than SBD moved to and from exchanges:
https://steemit.com/steemit/@penguinpablo/weekly-steem-stats-report-monday-february-26-2018
Yes you right. STEEM at 28. and SBD at 240. on coinmarket. People invest, power down/up or do many things with STEEM. But they use SBD mostly to claim rewards and then transfer to exchange services. I thought that SBD and post rewards have closer relation. That's why i focused to SBD transfers.
Hey @crokkon, I just gave you a tip for your hard work on moderation. Upvote this comment to support the utopian moderators and increase your future rewards!
great analysis, you might want to add binance (another well-known exchange) to the report, though.
also, poloniex paused SBD/STEEM deposits and withdrawals for a while due to their wallet issues. That might explain why it's not used much lately.
Thank you for your comments. The next time will be extended version. :)
the details of the discussion are very clear and easy to understand especially for myself and of course for all users who have a lot of steemit collection of SBD.