So @peakd recently added some on-chain data dashboard to hivedev.hub and I think it's pretty cool being able to access this information - live. The lack of them has specifically caused a lot of misrepresentation of the value prepositions of this ecosystem, so I expect that the more on-chain data we can add to this dashboard, the better media coverage we would get because frankly - that's where these entities get informations from, if the news ain't formed out of a tweet then it has to be over some data on an established dashboard.
100k moving average
It seems that despite the bear market, Hive kept on with the pace and posting activities really didn't fall, in fact, if we look at other metrics like funding then we'd realise this bear market has been the most busy month for hive with over 329k HBD proposal payments, that's like over 50% increase from the beginning of the year looking at the monthly average slightly over 100k.
Funding being on the high side last month shows how the ecosystem is heavy on building and it also shows how established our ecosystem is to scale even during the bear market by leveraging blockchain value creation, we've been able to build out a system where value can be created at ease without a threat of collapse.
Engagement and the new focus
Generally, there's more that tells a story of value, when we look at monetary transactions, we see millions of Hive inflow, but given that Hive value data goes beyond monetary transactions, another interesting metric would be the number of comments. I think we need separate data on this that excludes bots - it's a needed feature to distinguish bot activities from humans.
At the time, we're looking at a moving average of 600k monthly comments, this goes to prove the involvement of the user base, 100k posts to 600k comments is a huge difference, with threads by @leofinance being on it's way to increase Hive's level of daily published contents, we will likely see a huge change in this numbers as threads are "comments" on the base layer.
Where we are headed
Looking at the entire crypto ecosystem, the biggest leverage there can be as a project or blockchain network is having an established user base, there's no value where there are no users. With Hive, thousands of users are making a lot of impressions from textual transactions to monetary transactions stored on a distributed ledger with no layer of censorship.
So far, I'd say it's been a huge success, we just have to keep building and growing with what we have, consistent efforts are pathways to exponential growth and Hive is geared for it. This is the stage where we find our feet and travel the mile firmly. The only competition we have is ourselves and heck yeah, we've been outperforming this shit even before it became cool.
Hive as a blockchain has been a success, as a social media it has been a success, as a borderless payment network it has been a success, as a business environment it has been a success, as a gaming hub, it has been a success and more are yet to be recorded, thankfully, the blockchain is a ledger we can trust when it comes to the authenticity of data, don't blur out now, steady on the grind.
Thank you and please leave a comment, your thoughts matter to me
Posted Using LeoFinance Beta