STEEMwatch Vol. 1 – March 2025 Activity Snapshot
🔍 Steem Network User Analysis Report
🚨 Still debating how many actual Steem accounts exist? Official nodes say 3.65M, others insist it's closer to 1.93M. Who's right? Honestly... we don't know yet 😅 Stay tuned — I’ll be sharing regular user behavior reports and maybe we’ll settle this once and for all.
Read more on the ongoing mystery
read morea bout my tool
📊 March 2025 Snapshot
This month, I analyzed a slice of 224,208 Steem accounts using a short alphabetical filter (alohbaltique). Here's what the activity looked like 👇
💵 Total Activity:
- Total STEEM Tracked:
199,540,269.749- 🔋 Power Ups:
160,095.232(0.1%) - 💸 Withdrawals:
199,380,174.517(99.9%)
- 🔋 Power Ups:
Withdrawals continue to dominate by a long shot.
🧑💻 User Behavior Breakdown
| Behavior Category | Accounts | % of Total |
|---|---|---|
| 🔁 100% Power Up | 105 | 0.0% |
| 🔁 75–99% Power Up | 11 | 0.0% |
| ⚖️ 50–75% Power Up | 0 | 0.0% |
| 💸 25–50% Power Up | 10 | 0.0% |
| 💸 Primarily Withdraw | 311 | 0.1% |
| 💤 No Activity | 223,744 | 99.8% |
Only 0.2% of users moved any STEEM at all. March was quiet — maybe too quiet 👀
🧠 What It Means
- Power-ups are rare — only a few users are actively reinvesting.
- Withdrawals dominate, signaling an overall cash-out culture.
- 99.8% inactivity is a major signal — either dormant accounts, abandoned bots, or long-term hodlers watching the game unfold.
📷 Visuals: March 2025
🔮 What’s Next?
This is just Vol. 1 of many upcoming reports. I’ll be covering different user ranges, periods, and maybe adding in some visual dashboards in the future.
🧾 Want to see the raw data?
I’m sharing all CSV files I analyzed, updated periodically.
➡️ Access the CSV Folder on Google Drive
This account was created today with Id# 1,931,850. If I understand right, that number just increments by one with each new account. Also, I have a script that downloads all account balances. Last time I ran it was March 9, and it had 1,931,266 lines at the time. So, I'm fairly sure that 1.93 million is the right number.
Maybe some of the API endpoints are double-counting some of the accounts for whatever reason...
Yeah, same here. I ran a script to fetch all Steem usernames and got 1,931,855 accounts.
I used an RPC endpoint that gives that number via the
condenser_api.get_account_countmethod.However, I didn’t use the official node RPC — when I run the same method there, it returns about 3.6 million accounts.
So I started wondering: maybe if I use the official node to fetch all accounts, I’ll actually get the full 3.6 million.
I got lazy and didn’t fetch them again with the official node at first, but I’ve just started doing that now.
Also, this file has all the Steem account usernames I previously fetched:
https://drive.google.com/file/d/1VoKbYfDSE35I2Zwb5DeKX9251Q-6HUa4/view?usp=sharing
Thanks for the ID info too — I didn’t know about that!
Today, I downloaded all accounts from one of the nodes that's reporting 3.6 million. Even there, the download file has 1,933,809 lines.
Yeah, me too. I got the same result when I used the official Node.
Upvoted! Thank you for supporting witness @jswit.
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@mikitaly