Here is what we found on #photooftheday from instagram. 423 955 293 posts total.
Higher is better. #photooftheday engagement rate represents users engagement and interactions when you post something with this hashtag. User engagement shows you how many users are going to like or comment your post.
10400 posts per hour.
Posting speed of hashtag photooftheday shows you how many media is posted with tag per hour. If this value more than 500 hashtag is very popular, but your post will go down in the list soon.
If you looking for hashtags that will give you likes, comments and followers you should use hashtags with higher engagement rate and posting speed between 5 and 10.