This is the second article in series analysing the latest IOTA snapshot from 23th October. For previous Snapshot analysis, feel free to check my previous article. The four snapshots used in this analysis are from:

9th June

8th August (2 months later)

22 September (1,5 months later)

23 October (1 months later)

Given that no so much time has passed since the last snapshot in September, I didn’t expect any dramatic change. Here are the latest stats:

The tangle keeps on growing

In my previous article I was speculating that, given the growth rate at that time, we could reach half a million addresses with positive balance before 2018. According to the latest snapshot, we have +26% more positive addresses in one month reaching 65,618 positive addresses. If this rate stay, we should have well over 100,000 positive addresses before Christmas.

I see several reasons for this “slower” development. First, the network was down for a few days because of a bug. Second, the speculator’s focus was on the bitcoin fork during the past few weeks. Hence, I suspect that there were less new IOTA holders due to a general altcoin slowdown. The bullish market during August contributed to the increased network growth. October took its toll on all altcoins.

Worth noting that IOTA’s price is about -20% down in one month due to the speculator’s focus being somewhere else (you know why). Given the network growth, I think the current price is still a steal. 😉

Lots of micro-addresses — sign of adoption?

As we have more positive addresses, it is logical that the average address balance fell: from 53.569 in September to just 42.359 in October.

What I find really interesting is that there are much more micro-addresses with balance under 1 mIOTA. I have checked again the percentage of addresses that have more than “x IOTAs” and here is what came out: