It's easy to find statistics on exchanges, like trade volumes that you can see on CoinGecko as well as the statistics @arcange collates such as how much Hive and HBD are held on exchanges. However looking at those, they don't answer the question of which exchanges are actually used by Hive users (as opposed to crypto speculators who may not even have a Hive account).
This is a topic I've explored before, but a few months have past so it is worth looking at again, and also I was not too happy with either the query I used to collect that data nor the charts that it created in the end.
Number of Depositors
First, here are two charts showing the number of unique accounts that make a deposit to each exchange, per month. The first chart is since the Hive/Steem hard fork in 2020, and the second is since the beginning of Steem in 2016.
As we can see, despite UpBit dominating Hive in trading volume, the number of accounts on Hive that ever interact with Upbit is small, and ever fewer since the split at the beginning. Instead Hive users prefer Binance, and increasingly in recent months Honey-Swap (the internal layer 2 DEX) and Orinoco (Venezuelan OTC exchange).
Number of Deposits
The following charts show the number of deposits made each month, since the 2020 fork and since the beginning.
Number of Withdrawors? Accounts making Withdrawals and Number of Withdrawals
For completion's sake, I will include a look at withdrawals but I expect they will show largely the same story as deposits.
Honey-Swap has much more accounts making withdrawals. This is likely due to the sheer number of airdrops on Hive-Engine. Far more users take small withdrawals due to airdrops than put money into the DEX.
Thank you for reading. I aim to keep track of every exchange, including the smaller, local OTC exchanges, but it's almost certain I have left some out here. Please let me know if there's an exchange I should add to the charts.
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I recently discovered xbts as a DeX and I really like it. It's liquidity is somewhat limited sometimes but overall it is very recommendable!
Cheers :)
Thanks! Do you know how people make deposits to it? It looks like it might be to @xbtsio but almost all those transactions are from @binance-hot so just want to be sure...
I've taken a look. It appears that that's the address you've mentioned + you need to add a memo with your username on xbts chain. But it explains there when you created an account there and want to deposit funds. Good luck ✌️
Thanks, I have added it to my query so that it can be included in the future.
I sent USDT via the Binance BEP2 chain. It worked flawlessly and after just a few seconds the funds were transferred successfully. I didn't use other methods tho.
Ok interesting! And I was wondering about this so thank you very much for a very complete breakdown of the information.
Hive realy needs to push to the other top DEX, especialy Uniswap. It is now having more volume than Coinbase. Decentralized bridge, dhf proposal, everything that is needed...
Binance is the leading exchange for Hive, offering spot trading, staking options, and crypto-to-crypto and fiat to crypto trading pairs.
The way we see that today even after making a case on binance, but after looking at the record, it seems that the most trust of people is still on this exchange. Here in Pakistan also the same exchange is mostly used by people. Thanks for sharing this informative post with us.
Until a few days ago I did not know about Honey-Swap and all the advantages that we can have when exchanging for the tokens that we managed to obtain from the second layer of $hive and all thanks to #Hive-Engine, and Orinoco is the exchange that most of us use of Venezuelans when we want to have fiat money (bolivares)