New trends emerging, in steemit growth, that match historical trends, as the STEEM price climbs from previous lows.
In June, July and parts of August last year, Europe competed head to head with the Americas in terms of traffic.
In late August this trend was broken with a sudden surge in US returning visitors at around roughly the time that Dollar Vigilante joined the platform.
This past month steemit has seen nice growth in East Asia, fueled mainly by growth in Korean(kr) visitors.
In the background Europe has been sneaking up on the Americas with a spike in the yellow line about a month ago and now for the last two weeks they are flirting heavily in Americas territory.
This may indicate a healthy return to last years competition between these two regions.
This is mainly being fueled out of Northern Europe with a little help from Western Europe.
This is in contrast to last year where the most dominant region was Eastern Europe.
The UK is dominating traffic out of Northern Europe and Germany is dominating the traffic out of Western Europe.
Along with these major centers we can see that traffic is widespread over all of Europe.
Asia continues to power ahead with Eastern Asia(Red) at All Time High's last week.
It's great to see that steemit is growing significantly more across two regions as the price of STEEM rises and continues to establish higher floors.
This is in spite of the fact that the rewards pool is still below its maximum and payouts are significantly reduced.
I suspect that we are going to see substantially higher user levels across all regions as the rewards pool continues to improve.
The upwards momentum that was stalled by the implementation of HF18 is back on track.
The overall trend is definitively up(about 25%) from the lows just before the one year anniversary and the all time lows in STEEM price.
Interesting post and update-- thank you!
Seems to me the best thing for the platform-- both in terms of the price of Steem, as well as Steemit, the social site-- is slow and steady organic growth. I have seen too many sites become "flash in the pan" and die because they did too much, too soon... and some ill-advised massive marketing campaign caused everything to spin out of control... because it was unsustainable.
If we want the Steem/Steemit ecosystem to live and thrive in the long run, we have to think and behave for the long run.
Slow-and-steady is way better than too-fat-too-fast
Thank you for posting @gavvet. Really appreciate this information.....addressing queries before we inquire.
Interesting you mention Dollar Vigilante....it was his interview with Dan and Ned that is a favorite......with the great take away line from Dan.....Those who bring value receive value.
Thank you for bringing value.
Nice quote.
Interesting post @gavvet, I think steem will grow even slowly, as with steemit, I see a new percentage of new users keep growing even though the payment is still very low, maybe they already feel comfortable with steemit.inc
Yup, slow growth is stable growth.
So you think our current growth rates are healthy? I see a lot of people grumbling about slow growth, and don't know what to make of it.
Traffic from the following regions have doubled since mid March (six weeks):
Europe
East Asia (actually it has quadrupled)
South East Asia
Southern Asia (again, quadrupled)
Western Asia (tripled).
Clearly the growth prior to mid March was pathetic. I don't see how you could be complaining about growth in the last 6 weeks though.
That's amazing to hear. I guess I've been out of touch with the data from the last six weeks. thanks for sharing your info!
growth starts off slow, but the rate of the growth will also slowly grows till you get a hockey stick, I think that parabolic upshift will happen around 40 - 50 cents, and hit 1.50, then settle in the dollar range within 9 months. then more slow growth.
Sounds nice, time will tell though, this is virgin territory.
What is the main effect on the value of steem investment?
Price of STEEM is likely to increase as the platform spreads and is considered more mainstream and a functional blockchain application.
As positive sentiment increases there is likely to be more external investment and the value of Steempower etc. will increase.
It's a positive feedback loop.
Very good post @gavvet, only Indonesia is not included in your post this time, but I am happy to monitor your posting graph, thank you
You will notice that South East Asia (primarily Indonesia) made another new high in traffic in the Asian chart :-)
I hope so, very nice, we from Indonesia can contribute in steemit development, and I am happy to have a good friend like you @Demotruk
I as an Asian community aware of it @demotruk, I often follow your posts and others about the traffic. I just like @harferri are in the same country
They are edging up to their All Time High's as well, I'm sure they will get there in just a few more weeks.
Not only is the info great but the visuals too. Its great to see Steemit pulling in the users and to see where the trends are coming from!
It gets rid of the guesswork and FUD
Definitely
I put these up not only for steemit users but especially for potential investors in STEEM looking into the project.
That's what I liked, the fact that you can just look at the graphs and straight away get really good info on the trend for where folk are coming from.
Being biased I particularly like the UK increase!
Two more observations from your chart.
Yup Asia as a whole is flirting with ATH's
Agreed India is starting to climb nicely as well
The current trend is very strong, and likely to accelerate in the following months. Thanks for your contributions. :)
yup, especially when the feedback loops kick in.
Exactly. The product is only getting better in the next 6 months. If all goes well, we'll have more, stronger feedback loops compared to the initial launch... which do great things for us.
Very interesting graphs. I tend to overlook most of your posts, but glad I did catch this one. Where do you get these figures from? Are these graphs / source data available somewhere? Very good info for any marketing activity, or even to the posters to try and target segments with specific posts even, or maybe find the Steemians being local in geo terms?
Alexa will have similar stats in the public domain. These are Google analytics data that I extract and push through a my own BI engine to create visualizations from the entire dataset.
Thanks and Cool! Keep on the good work. Would be good if at some point you can expose your frontend of your BI as a service for anybody to create these graphs on other cross charts; Not sure though if your BI is developed like that :) I worked for a long time in an industry where we had BI based on OLAP, ie these type of graphs would be available instantly in all sort different views, I was selling this to marketeers at our customers, mobile telecommunication companies like the Vodafone's and T-Mobile's of this world.
I have full in memory cubes and dashboards of the entire STEEM Blockchain, Google analytics and twitter activity.
It's highly resource intensive but can be exposed to the web.
I will likely make portions of it it available in the future as it is optimized and necessary.
I can even imagine STINC may like to use it. You could charge STINC for using and earn some Steem/SBD to pay for the cost of resource usage. Ot you could use STINC to pay for the hardware and other operting costs. It is also in their advantage to have solid reporting, as well as for any business that wants to work with Steem and Steemit. Actually reporting like this should be a function offered through Steemit by default.
BTW, when in OLAP then resources to great views should not be that much. To populate the cubes, that'll for sure be resource intensive, but that is an one time activity.
steemit inc use some reports already. They also have their own BI for the blockchain and modeling engagement. they have bigger fish to fry in functionality, features, scalability etc. This functionality will be available with time.
I wanted to give you an upvote for your comment, but you already have 3 flags :(
Ok, understood, makes sense STINC already have BI. Indeed, scalability is a main issue for anything offered to the community at large and especially commercial businesses and brands.
Thanks for these stats!
pleasure
Awesome post @gavvet
You made me feel good about what it is said 'slow and steady wins the race' ☺
Agreed, childhood growth is slower than adolescence for a reason.