LEO Appears Outward Bound

The LEO community appears to be poised to move at least partially away from Hive. LEO itself is now a native Arbitrum token. LEO trading and volume has been elevated recently with the impact of the LSTR and SURGE tokens from Hive account@leostrategy.

From Hive Engine the total LEO token supply is ~ 29,996,351. With the recent movements, I was curious to see how the LEO token supply was distributed across Hive. I was somewhat surprised to find the distribution was more concentrated than a Pareto distribution. The top 20 accounts with LEO have 71.41% of LEO tokens staked, or delegated. This is skewed slightly by the Hive account@lstr.voter account which has 3,486,328 LEO tokens delegated to it.

Two accounts hold more than a 1,000,000 in liquid LEO tokens: Hive account@cubfinance with 2,705,160 and Hive account@leostrategy with 1,143,555.

From the the Hive Engine Explorer data the top 100 accounts with LEO had an unstake pending total of 6,185,955 LEO tokens; which is 20.62% of total supply.

With the LEO tokens move to Arbitrum and the staking rewards concentrated at Leo DEX - https://leodex.io/leo, it appears that a sizeable amount of LEO will be bridged over to Arbitrum from Hive Engine. According to the Leo Dex dashboard -1,218,352 LEO or ~four (4) percent of total LEO supply is already staked on LeoDex. From a recent post the SURGE and LSTR tokens from Hive account@leostrategy will also be bridged:

"We are actively working on our Base blockchain integration which will move the presale from Hive-Engine to Base and reprice SURGE at $0.90. Using Ladder pricing, SURGE will be sold at higher and higher prices (trending toward $1) until it is sold out."

Impacts on the Hive Reward Pool and InLeo Platform

It will be interesting to see how the migration of LEO away from Hive effects volume on the InLeo.io platform. LEO holders and enthusiasts appear to be powering down Hive and swapping liquid Hive. The amount of Hive Power available or willing to vote on InLeo/LEO centric content may decrease in the near future, effectively minimizing the flows or assignment of on chain value to those accounts. The Hive account@leo.voter account currently has ~2.7 Million effective HP, with the majority of that delegated from other accounts.

Presumably with LEO users trading volume and holdings moving substantially off-chain their content and discussion would naturally drift to Base, Arbitrum, or other topics divergent from Hive. How that contextual shift impacts usage and interaction on InLeo.io will be interesting to observe.

Quantifying the inflows to the LEO community, post decoupling would be an interesting and somewhat complex exercise.

Table Top 100 LEO Token Holders (Source https://he.dtools.dev/richlist/LEO)

LEO Holder Rank	Account Name	LEO Balance	LEO Stake	LEO Pending Unstake	Delegation Out	Delegation In	LEO TOTAL	% of Total LEO
1	null	970,003,648	0	0	0	0	970,003,648	NA
2	lstr.voter	16	0	0	0	3,486,238	3,486,254	11.62%
3	cubfinance	2,705,160	0	0	0	0	2,705,160	9.02%
4	onealfa.leo	20	875,317	1,312,840	0	5	2,188,181	7.29%
5	nothung	2,321	661,016	881,355	0	0	1,544,693	5.15%
6	leofinance	252,739	504,963	757,444	0	0	1,515,146	5.05%
7	arbi-leo	911,661	550,000	0	0	0	1,461,661	4.87%
8	leostrategy	1,143,555	168,512	137,023	0	103	1,449,193	4.83%
9	draupnir	128	550,644	734,192	0	0	1,284,963	4.28%
10	onealfa	26	526,168	789,251	480,000	0	835,576	2.79%
11	khaleelkazi	125,084	541,514	375,000	250,000	125	791,723	2.64%
12	taskmaster4450le	112,464	59,261	88,890	115,000	497,269	642,884	2.14%
13	newleo	586,030	0	0	0	0	586,030	1.95%
14	wrapped-leo	136,404	400,000	0	0	0	536,404	1.79%
15	megavest	17,377	225,095	300,000	107,700	3,686	438,458	1.46%
16	edicted	76,854	135,938	203,906	0	0	416,697	1.39%
17	thormaxi	342,456	0	0	0	0	342,456	1.14%
18	leo.curation	0	342,000	0	0	0	342,000	1.14%
19	tcmp	311,127	0	0	0	0	311,127	1.04%
20	wleo.pool	271,601	0	0	0	0	271,601	0.91%
21	forexbrokr	1,992	267,485	0	0	0	269,476	0.90%
22	lafona-miner	142,021	110,694	0	0	0	252,715	0.84%
23	p-leo	151,923	100,000	0	0	0	251,923	0.84%
24	noleo4u	44	250,000	0	0	0	250,044	0.83%
25	rainbowdash4l	1	75,153	112,730	0	0	187,884	0.63%
26	pouchon	37	129,708	44,250	0	0	173,995	0.58%
27	bitcoinflood	81,913	77,082	0	0	5	159,001	0.53%
28	b-leo	47,833	100,000	0	0	0	147,833	0.49%
29	yanbolludeniz	138,119	0	8,568	0	16	146,704	0.49%
30	flipstar	127,895	14,059	0	0	0	141,954	0.47%
31	mcoinz79	4	137,691	0	5,000	0	132,695	0.44%
32	sm-usd	127,104	0	0	0	0	127,104	0.42%
33	meowcurator	2	11,648	0	0	115,378	127,028	0.42%
34	india-leo	5	3,208	0	0	122,882	126,095	0.42%
35	onetrueself	59,425	65,547	0	0	0	124,972	0.42%
36	beststart	0	51,697	68,929	0	0	120,625	0.40%
37	rollandthomas	116,993	746	0	0	0	117,739	0.39%
38	trumpman	65,618	47,832	0	0	0	113,450	0.38%
39	inertia	1,924	109,602	0	0	1,012	112,537	0.38%
40	edkarnie	9,847	100,000	0	0	0	109,847	0.37%
41	simplegame	99,097	4,569	0	0	1,029	104,696	0.35%
42	etblink	199	15,072	20,096	0	0	102,310	0.34%
43	trumpman2	354	105,730	0	5,000	0	101,084	0.34%
44	tbnfl4sun	12	125,746	0	25,000	0	100,758	0.34%
45	leopool	95,825	0	0	0	0	95,825	0.32%
46	adol	93,116	0	0	0	0	93,116	0.31%
47	fw206	91,835	0	0	0	0	91,835	0.31%
48	leoburn	88,321	0	0	0	0	88,321	0.29%
49	selfhelp4trolls	50,157	103,801	0	91,000	25,009	87,968	0.29%
50	ceviche	49,633	32,972	0	0	0	82,606	0.28%
51	walterjay	18,557	58,489	6,250	2,000	0	81,296	0.27%
52	steempty	79,649	0	0	0	0	79,649	0.27%
53	l337m45732	59,700	31,106	0	15,000	25	75,831	0.25%
54	dkid14	17,000	26,749	55,124	25,000	0	73,874	0.25%
55	scaredycatguide	20,886	50,582	0	0	0	71,469	0.24%
56	gualteramarelo	9,108	60,732	0	600	0	69,241	0.23%
57	rmsadkri	3,729	65,228	0	0	0	68,958	0.23%
58	alexvan	36	69,353	0	2,300	0	67,089	0.22%
59	jelly13	64,522	0	0	0	0	64,522	0.22%
60	jongolson	15,003	82,016	0	35,000	0	62,018	0.21%
61	stekene	25,060	12,073	24,146	0	0	61,279	0.20%
62	brianoflondon	38,192	20,372	0	0	106	58,670	0.20%
63	meraki7578	0	19,382	38,765	0	0	58,147	0.19%
64	whatageek	17,385	40,688	0	0	0	58,073	0.19%
65	dagger212	6,624	75,210	100,000	125,000	0	56,834	0.19%
66	mightpossibly	3,024	102,836	0	50,000	0	55,859	0.19%
67	cryptothesis	8,014	57,046	0	10,000	0	55,060	0.18%
68	elaleman371	9,653	17,504	26,256	0	0	53,413	0.18%
69	leoschein	2,972	49,643	0	0	0	52,615	0.18%
70	deepresearch	102,289	0	0	50,000	0	52,289	0.17%
71	fortune1m	41,988	0	8,496	0	0	50,484	0.17%
72	steemychicken1	49,998	0	0	48	0	49,950	0.17%
73	leobridge	48,878	0	0	0	0	48,878	0.16%
74	bridz	47,125	0	0	0	0	47,125	0.16%
75	leo.voter	16	13,989	0	20	31,970	45,956	0.15%
76	mrberenben	44,407	0	0	0	0	44,407	0.15%
77	danielsaori	1,060	42,038	0	0	0	43,097	0.14%
78	oakshieldholding	9	52,009	0	10,000	0	42,018	0.14%
79	no-advice	1,011	40,000	0	0	0	41,011	0.14%
80	shortsegments	112	40,831	0	40	30	40,933	0.14%
81	aggroed	0	40,000	0	0	0	40,000	0.13%
82	revise.leo	13,075	10,000	15,000	0	0	38,076	0.13%
83	bitrocker2020	145	40,985	0	3,500	0	37,630	0.13%
84	tsunsica	6,393	10,973	16,459	0	0	33,825	0.11%
85	trumpikasleo	246	33,424	0	0	0	33,670	0.11%
86	autowin	13,101	20,079	0	0	0	33,180	0.11%
87	jelly-cz	32,671	0	0	0	0	32,671	0.11%
88	bridgewinners	32,211	0	0	0	0	32,211	0.11%
89	anderssinho	4,815	20,025	0	4,000	10,000	30,840	0.10%
90	freecompliments	945	29,701	0	0	0	30,647	0.10%
91	kubbyelizabeth	30,234	0	0	0	0	30,234	0.10%
92	cryptictruth	4	12,927	17,236	0	0	30,168	0.10%
93	ma1neevent	30,000	0	0	0	0	30,000	0.10%
94	fbslo	29,970	0	0	0	0	29,970	0.10%
95	tokenizedsociety	48	28,940	0	0	0	28,988	0.10%
96	drax.leo	2,666	26,237	0	0	0	28,902	0.10%
97	done	1	27,498	0	0	0	27,498	0.09%
98	steem.leo	17,224	9,885	0	0	0	27,109	0.09%
99	heruvim1978	75	1	25,000	0	2,000	27,076	0.09%
100	alokkumar121	16,067	12,500	18,750	20,368	0	26,949	0.09%

LEO Token Distributions and Top Holders

LEO Appears Outward Bound

Impacts on the Hive Reward Pool and InLeo Platform