July was a humid scorcher here in Japan, but also a fun month packed with beer garden parties and street festivals as per my previous blog posts:
- @hirohurl/join-me-as-i-hang-out-at-a-local-summer-street-festival-somwhere-in-hiroshima
- @hirohurl/another-july-saturday-another-beer-garden-party
What was happening on the Hive blockchain while I was out partying? Here's my progress report for July:
Huge Jump in Hive Backed Dollar (HBD) Savings
The biggest leap last month was with Hive Backed Dollars (HBD). Actually, it was my biggest jump in any token in a single month ever: 1,104 added to my HBD stash, my biggest monthly increase so far. How did I do it? Check out this blog post:
That means a nice bump in monthly interest too, and of course, the power of compounding keeps things ticking upward.
Swapping Tokens to Boost LEN-LENM and DEC (Splinterlands)
Most of my other targets saw steady progress, except BBH, some of which I actually sold off after hitting my yearly goal. Once you hit a target, it makes sense to reallocate to help speed up other areas, and that’s exactly what I’ve been doing.
In particular, I’ve been putting a lot of energy into the LEN-LENM Pool. The goal here is to reach 500 shares in 2025. I started the year with 216 shares and made solid progress in July, adding 31 shares to my total.
I’m also buying DEC so I can hit my Splinterlands Guild Store upgrade goal. DEC is needed to level up buildings in Splinterlands, especially the Guild Hall, which unlocks the ability to upgrade the Store to Level 3. I don’t have a specific DEC token target, but I need DEC to hit myt my Splinterlands infrastructure goal.
LEO Token: The Breakout Performer
One of the most exciting developments this month came from the LEO token that has now become deflationary. I don’t know all the ins and outs of the changes, but the results speak for themselves.
At the start of July, LEO was trading at 0.066 Hive, and by the end of July, it peaked at 0.4 Hive. With Hive trading around 21 cents, that puts LEO’s peak at about 8.4 cents, up from around 1.3 cents. That’s a massive gain in a short space of time.
Right now, LEO is still holding around 7.5 cents, and with deflationary mechanics in play, it’s definitely a token to watch.
Steady Progress Across the Board
Elsewhere, I’m continuing to make steady progress across my other Hive-based targets. Most of my delegation goals have now been met. One of my favourites, Chess Brothers Pro, is a solid project and I'm confident that I can hit my target of 3,500 delegated Hive Power by 31st December.
But if I had to name two big highlights for July, they’d be:
- My big jump in Hive Backed Dollar savings.
- The remarkable price action and potential of the LEO token.
Cheers!
David Hurley
#InspiredFocus