Thanks bud.
Yes I didn't want to make the comparison in the post to avoid the Hive vs Leo debate, plus didn't have comparable data for Leo, but you look at how much Leo is either staked or tied up in Uniswap liquidity, and it's clear why Leo is out performing.
There are other issues though too eg. HBD not listed on Binance, this means authors are selling HBD for Hive here and then dumping the Hive on Binance. Liquid HBD rewards are a really important feature of the network's tokenomics, designed to keep author selling pressure away from the platform token, but HBD needs exchange listings for this to work.
I hadn't even considered that point about HBD
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