In the last decade, Bitcoin has evolved from a speculative asset to a totally new asset class that is now recognized by institutional investors. The price volatility still remains but it has been going down significantly in the last period and more and more the Bitcoin price started to behave like some of the traditional market, especially the tech companies.

How is Hive doing with Communities these days? Communities are an essential feature of the Hive ecosystem as they allow for easy content discovery and finding specific topics that users are accustomed to. Almost all content is posted in some community that is later used by users to filter content, or by curators to support authors and communities. If we combine communities with the possibility for easy tokenization, communities’ tokens, and provide tools for users to monetize, things can become very interesting. We are seeing some interesting development from InLeo integrating Dash etc.

Aave is one of the few defi protocols that has proven itself throughout the years. The market went up and down, but the protocol kept on going. The TVL has dropped in the bear market but not as bad, and it is up again these days. No hacks and failures on the platform up to date. It is now by far the number one borrowing and lending protocol. Borrowing and lending for the new defi age. In the recent period the token price has been surging even more!

How is the second layer solution on Hive doing during these times? Is more Hive deposited or withdrawn from it. Let’s take a look.Hive Engine is now an OG when it comes to Hive and L2. It has been around since 2019, six years now, and has enabled a lot of projects to be built on top of Hive. While not perfect, its existence has been a very important tool in the Hive ecosystem.

How is the Ethereum network doing these days? It has been a rough period for ETH as it has been constantly bleeding against BTC in the last two years. On the other hand, there is now more competition in the space like Solana, BSC, SUI etc that are taking market share. In the very last days Ethereum has show some signs of recovery against BTC. But still far from its heights. Since the PoS update the inflation for Ethereum is reduced by 90%, from 4.3% to 0.43%. Additionally, part of the ETH for transactions is burned, that pushed Ethereum into deflationary territory. Meanwhile, the share of staked ETH kept on growing drying up the liquid ETH supply.

The Hive internal DEX is an amazing feature on the Hive blockchain. It is a layer one DEX that allows users to trade HIVE and HBD. Imagen if BTC or ETH had an on chain, layer one - no additional apps, KYC free, permissionless way to convert between a stablecoin and the asset. It’s quite the thing!