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RE: All the same faces.

in Loving HIVE ❤22 days ago

I don't see it happening either. I do think Hive is on its last legs. The realist in me sees it as much as it would be nice to see it return from its ashes. But the most important thing for Hive is its users, and that's dried up too much.

The other day Binance removed the USDC margin pair on Hive. Before that there was the BTC pairing that got delisted. Binance doesn't go removing such things unless it genuinely believes they're dead, and their volumes were incredibly low. Hive/USDC volmume as of today is JUST 8,000 USDC. There's no doubt the USDC pairing won't also go next now the margin is gone.

Hive/USDT volume is barely 100k USDT. And I guess we'll see what the future awaits if the USDT pairing next loses margin. Volume across crypto has dried up, and it seems institutions are more interested in chains that do generate some form of revenue now as it considers risk a bit more seriously. Basically, that means they're only really interested in BTC, ETH, and SOL right now. Everything else is largely just speculatory on the retail side. What's there to speculate on regarding Hive now? Drying up userbase, dapp development largely dead, and no chain revenue streams to incentivise interaction.

There's probably a million different things to be said about how we got here, but there's no point. It has all been said already. But truthfully I do consider this place largely dead at this point. I don't see it growing and flourishing again. I just like writing still sometimes and return for that.