HIVE Supply On Hive Engine

avatar

The amount of HIVE has kept growing on HE, but it seems that its come to be a bit stagnant in the last year. Its hovering around the 6M for a while now. Even with this slow down, its still worth noting that this is a bear market period, and will be interesting what will happen during a bull market. Maybe at some point Hive Engine will have the biggest liquidity for HIVE.

image.png

hive engine leo pob
0
0
0.000
8 comments
avatar

Is this only the amount of Swap.Hive on the exchange? Or does it also include the Hive value that is stored in HE-tokens?

0
0
0.000
Reply
avatar

It is the amount of HIVE held by the official HE team and the third party services like beeswap etc ... that then is represented as SWAP.HIVE

0
0
0.000
Reply
avatar

Okay, good to know. Thanks for the quick response!

0
0
0.000
Reply
avatar

Wait, how does anything outside @honey-swap account cover any SWAP.HIVE?
Beeswap and other services don't issue SWAP.HIVE, they buy existing SWAP.HIVE like you and me.

There is like 5.7M HIVE+HP there so the issue does not seem to skew the numbers significantly (whoever is right).

0
0
0.000
Reply
avatar

At the moment of posting this, out of the 5.85M that were counted as HIVE supply on HE, only 20k were on the BeeSwap account. Technically all these bridges hold some amounts of HIVE as liquidity for HE, so that is counted as HIVE on HIVE engine, although is negligible compared to the main account.

0
0
0.000
Reply
avatar

Got it, thanks.

Primarily, I was not sure if "3rd party services" were limited to the alernative bridges or not.

After carefully reviewing the wording, "HIVE supply on HE" might as well be HIVE held by @honey-swap minus SWAP.HIVE held by the bridges as that is actually the part of the SWAP.HIVE circulation supply that the market wants to be kept outside HE markets.

I mean, it is not like you can inflate SWAP.HIVE supply by interacting with those 20k HIVE held by Beeswap.

To confuse it further, if someone adds up all the SWAP.HIVE (both liquid and in LPs) it should match HIVE assets on @honey-swap and that's a slightly different figure again (probably the one most people assume to be represented by the graph, although I can see that this view sounds imprecise).

BTW, do you think you could track alternative bridges' performance based on profit generated? It might be tricky since it is no longer equal to "fees collected" ever since the main players switched to dynamic pricing.

0
0
0.000
Reply
avatar

I think everything is down rn

!PIZZA

0
0
0.000
Reply