In the 18th and 19th centuries, the street was mainly inhabited by merchants and craftspeople. Although they are long gone due to the sweeping demographic changes in Kyiv during times of the late Russian Empire and the Soviet Union, the street is once again thriving thanks to its unique topology, architecture, rich history and also many gift shops and small art galleries showcasing various paintings and sculptures by Ukrainian artists. The descent is one of the favorite spots for tourists. It is also notable for the many festivals it holds, including various art festivals and the Kyiv Day celebrations on the last weekend of May.