How are HBD transactions these days? In the past there has been a push for HBD adoption around the globe. Merchants accepting HBD as payment. This especially in places like Venezuela and Cuba, but in other places in Europe as well. The recent increase in the crypto prices might add some fuel as well.
How is this affecting on chain activity. We can take a look at the number of transactions and accounts making transfer. If HBD adoption is increasing this should increase as well.
Let’s take a look.
Here we will be looking at:
- Daily/monthly transactions
- Daily/monthly number of accounts transfering HBD
- Daily/monthly HBD value transfered
- Top accounts by number of transactions and value
The period that we will be looking in is starting from the Hive fork back in March 2020 till now.
Number of HBD Transactions
Here is the chart for the data on HBD transactions made per day.
As we can see back in April 2020, this number was low, under 1k HBD daily transactions. It increased since then going up to 3k daily transactions, with occasional spikes up to 10k.
In the last month the number of HBD transactions has dropped significantly, most likely becouse authors no longer receive HBD as rewards and they are not moving HBD around.
When we plot the data on a **monthly level we have this:
Here we can see an even clearer trend. An uptrend up to 2022, then a period of stagnation.
A drop in the last months, from above 50k to less than 20k in February 2025. More than half reduction in HBD transactions.
Number of Accounts Transferring HBD
How many users are transferring HBD per day? Here is the chart.
The trend here is similar as for the transactions. At the beginning there is just around 200 DAUs, then the number increased to almost 1k in 2, and a sort of stagnation since then, up to the last months when again we have a drop back to 200 DAUs.
On a monthly level the chart looks like this:
An uptrend towards 2022 and a small downtrend since then.
We can see the spike in January 2025 when the MAUs reached 13k. A drop since then and in the last months we are around 8k MAUs.
Transferred HBD Value
What about the amount/value in HBD that has been transferred? Here is the chart for the daily amount of HBD transferred.
We can clearly see the spike back in August and September of 2021. There was an increase in the HBD value back then and a lot of arbitrages was happening. A few spikes since then to more than a million HBD daily transferred but overall the values are around 25k HBD transferred per day.
The chart for the monthly HBD transferred looks like this:
Here again we can see the spikes in August and September 2021. More than 20M HBD was transferred around in August alone and September has been close to 18M.
In the last period there is around 1M HBD volume per month.
Top Accounts
Who is making the most HBD transactions? Here is the chart for the last 30 days.
The 
The above is in terms of the number of operations. What about in terms of value? Users can make a lot of small transactions with HBD, but some can make a fewer transactions but with bigger HBD amounts.
Here is the chart for the top accounts transferring the biggest volume in HBD in the last 30 days:
