Last updated: 30th July 2022
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The price of Bitcoin Cash (and almost every cryptocurrency) is incredibly volatile due to relatively low adoption, and fluctuates wildly based on a number of unpredictable factors and general hype-based sentiment. This does not give a very good indicator of real growth of the Bitcoin Cash economy, and therefore other metrics are helpful in monitoring the growth and progress of the currency. For a full explanation of why it's so difficult to assess the real number of Bitcoin Cash / crypto users and we are at best guessing, see this segment of the podcast.
The Bitcoin Cash Podcast
As a source of information about exclusively Bitcoin Cash, it can be expected that increased growth in the metrics of this podcast indicates increasing global interest in Bitcoin Cash. Only some time periods shown, full data can be found here.
Social media reach
|Platform||23rd Jan 2021||23rd Sep 2021||23rd Dec 2021||23rd Mar 2022||23rd Jun 2022||22nd Jul 2022|
|Youtube - Clips (subscribers)||0||200||319||467||519||546|
|Telegram - Announcements (subscribers)||0||10||25||37||43||47|
|Telegram - Discussion (subscribers)||0||0||1||35||52||61|
|Spotify (monthly listeners)||0||0||0||0||5||3|
Note that the graphs don't necessarily start with their scale at 0 (confusingly). Also note that the current month will usually show a big drop off since it is currently in progress.
Website page hits
For this website! Started tracking October 2021 with Google analytics.
- CashFusion Red Team stats page to check in on how Bitcoin Cash privacy is coming along. Also see their beta site with upcoming improvements.
A couple of companies provide very useful insights into BCH usage and growth. Hopefully more and more crypto and especially BCH companies will begin to publish internal metrics to increase transparency and confidence in the scene.
Bitpay stats page - A cryptocurrency payment processor that gives some indication of retail usage at point of sale. Bitcoin Cash (~10%) is often the 2nd most used cryptocurrency after BTC (~60%), once again outperforming the price differential. Note that Bitpay's total payment volume is relatively flat, so a change in coin distribution might indicate regular users changing their preferences. Note also that due to heavy Know Your Customer regulations, and growth in the Bitcoin Cash scene is likely happening directly on chain.
Cash2vn.com stats page - A Vietnamese exchange that shows which coins are gaining a foothold in the international remittances market. BCH is doing quite well, at times having outperformed BTC, although in recent months Litecoin (LTC) has moved up to take the #1 spot, and Tether also accounts for a good chunk of the pie (note that Tether-SLP is on the BCH network!)
Sideshift.ai research - Sideshift is a crypto-to-crypto non-custodial exchange. They publish weekly reports on which coins are popular both for depositing/settlement. This can give insight into whether BCH is increasing/decreasing in popularity among the "serious crypto" crowd that don't bother with fiat based exchanges any more.
Panmoni stats page - tracking BCH specific user adoption by the Panmoni team in South America.
For insights on growth of SmartBCH, take a look at these stats sources:
Transactions & Sent In USD
Every episode of the podcast starts with some analysis of these simple but generally effective markers of progress:
Comparisions to BTC are often more useful than USD, as both coins are similarly affected by fluctuations in the crypto market and their on-chain blockchain metrics are directly equivalent (this is not true in the case of some other cryptocurrencies such as Ethereum).
Note that despite a price ratio of about 1 BTC to 80 - 100 BCH, BCH is already doing between 25 - 50% of the daily transactions of BTC, and settling usually about 10% of the USD value / day. This shows that despite the brand and price disadvantage, it is punching well above its weight class. Note also that BTC transaction volume has been flat at a maximum of 400k for the last 4 years, so BCH is slowly closing the gap.