TLDR version
Hive’s inflation in June 2025 was 0.69% (7.41% annualized), exceeding the projected 5.5% due to HBD-to-HIVE conversions. This could dilute HIVE’s value, increase price volatility, and reduce investor confidence. To maintain value, you’d need >7.41% annual returns via staking, curation, or trading. HBD stability and burns may mitigate inflation, but adjustments to tokenomics might be needed if trends persist. Monitor Hive platforms for updates.