Hive Blockchain’s Data Card for 2023
Hive user @dalz.shorts shared interesting data and essential figures for 2023 about the Hive blockchain. The author summarized the number of user accounts, user-initiated transactions, and Layer 1 tokens on the Hive blockchain for last year.
According to Dalz, a total of 2.5 million Hive accounts that have unique human-readable names were created in 2023. Out of the 2.5 million accounts, 500,000 of them were active and used the Hive blockchain for all transactions, such as social gaming, DeFi, transfers, and other activities.
There were also 33,000 content creators on Hive; these accounts publish content and engage in social activity. By doing so, they earn HIVE and Hive Backed Dollars (HBD), the stablecoin of the Hive ecosystem. In the same year, 570 million transactions were made on the chain, including posting, transferring, and voting, averaging around 1.6 million per day in blockchain transactions.
Dalz also revealed that a total of $13 million worth of HIVE and HBD were distributed to users. This was the value distributed via multiple channels from token inflation. Tokens are awarded to authors, curators, witnesses, staking, HBD Savings, users of proposals with enough support, and developers of the Hive blockchain.
In terms of the number of posts and comments, a total of 10 million posts and comments posts and comments were published by content curators; from these numbers, 1 million are posts and 9 million are comments. Dalz also noted that 35,000 Hive accounts were rewarded in 2023. They received rewards for being authors, curators, stake holders, witness operators, and/or holding HBD in Hive Savings
What is the Hive Blockchain?
The Hive blockchain is the hard fork of the former legacy chain, Steem. It is an innovative and forward-looking decentralized blockchain and ecosystem. Hive is fast, scalable, and powerful, with transactions taking less than three seconds. Hundreds of apps, communities, and projects worldwide battle-tested the blockchain for five years.
According to CoinMarketCap’s description, Hive is a blockchain that runs on a delegated proof-of-stake (DPoS) consensus mechanism. The blockchain was launched in March 2020 as a hard fork of the centralized Steem blockchain and as a gateway from Web2 to Web3.
Some use cases of the Hive blockchain include social media with monetized rewards for content creators, interactive blockchain games, identity management, micro-loans, and many more. Running on the Hive blockchain are some of the most popular decentralized applications (dApps), such as the Splinterlands card game and the blogging frontend PeakD
What are HIVE Tokens and HBD?
HIVE is the native governance token of the Hive blockchain. CoinmarketCap ranked HIVE at #253, with a live market cap of USD 177,372,274 as of January 4, 2024. It has a circulating supply of 500,749,243 HIVE. The token is available at the top cryptocurrency exchanges, such as Binance, DigiFinex, XT.COM, Upbit, and HTX.
Aside from HIVE tokens, the ecosystem also features HBD or the Hive Backed Dollar, a native stablecoin on the Hive blockchain. It is built to be worth $1 through decentralized means. It benefits from feeless and fast transactions of the Hive blockchain.
HBD is industry-leading in terms of Annual Percentage Rate or APR, which is currently at 20% as determined by the Hive witnesses. Placing your HBD in Hive Savings will generate interests while removing HBD from Savings has a waiting period of only three days.
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