I have been making some improvements to the hbdstats.com page, mainly on the backend side. Up until recently the web page was a client only, meaning there was no backend server or database for it. The line charts for the debt and the hbd in savings were with hardcoded values and manually updated from time to time.

Short answer = conversions. But let’s look at some details. As per the latest report on Hive inflation, it has been running hot for a third month in a row. The yearly Hive inflation for 2024 is projected around 6%, while we are now on the way to reach 10%. The monthly projected inflation is set at 0.5% and we are above 1% for the last three months, with August almost close to 1.5%. Double and almost triple on a monthly basis.

How did Hive did in August 2024 from an inflation standpoint? Let’s take a look!The projected inflation for Hive for 2024 is 6.0% on a yearly basis, or around 0.5% on a monthly basis. Hive has a double currency system, HIVE and HBD, with conversions between them that add or remove HIVE from circulation on top of the regular inflation. Furthermore, the decentralized hive fund DHF, that serves as a DAO converts the HIVE that is in the DHF into HBD. The @hbdstabilizer has also grown and it is playing an important role in the overall tokenomics, making conversions and trading on the internal market. Because of this additional mechanics the HIVE inflation and supply can be drastically different in real time than the regular/projected one.

Hive has multiple methods to distribute inflation that helps its token distribution and stay decentralized. With the addition of the HBD savings interest there is now a total of six ways the inflation on Hive is distributed: authors, curators, staking, witness, DHF and HBD interest.

How are the top DEXs doing compared to each other. Uniswap is now the incumbent in the DeFi industry. It has been around for five years. A long time in crypto. In the last period it has expanded to multiple L2 chains providing cheap swaps. Jupiter launched a year ago and has grown fast in the booming Solana ecosystem. It launched a token in January 2024 that further increased its growth.

How is PEAKD doing these days? The project is around for a long time now and has been developing a lot of things on Hive. Some of them DHF funded. PEAKD has established itself as the most used frontend on the Hive blockchain. The team around it has been involved in the ecosystem for a long time and they have continuously built and updating it. The team is also working on a Peak Open project that is funded from the DHF and have more tools for the ecosystem.