- Hive implements 3% earn interest
- Stable Coins surpass $US360B trading volume
- USDT leads stable coin volume traded
Hive Change
By now you've probably been made aware of the recent changes on Hive engine with an attempt to create a stable coin for the network witnesses recently approved a fork that has implemented a 3% interest rate on HBD held by users.
For the interest to be earned at least one transaction in the month needs to occur. Either purchasing of HBD or earning through curation of author activities.
The changes are welcoming as stable coin trading volume reaches an all time high in the month of February at $US360 Billion trading volume. Stable coins remain a favourite for crypto enthusiasts as they seek a return without risk. USDT remains the leading stable coin with over 60% of trading volume exceeding $US200 Billion.
Punters trade off potentially high windfalls for smaller returns with less risk indicating that new players are wanting safety and security.
Decentralised Exchange
Uniswap continues to surge as the preferred DEX even amongst high GAS fees Uniswap saw over $US30 billion of trading volume and the highest GAS fees paid for the month.
Hive a future safe investment
With the implementation of a 3% interest rate which is tipped to rise over the year and a growing user base. Hive is best positioned to capture a slice of the stable coin market and see significant growth in trading volume.
The changes to encourage active participation is a sure way to keep people active and reward users and investors who actively partake in the block chain.
Opinion
It will be interesting to see how the market reacts to Hive's changes and to see how will marketing is done. The option to not require HBD to be staked and your own savings account to keep your HBD safe is an added bonus.
Ease of use and accessibility for HBD is straight forward and with an entire block chain community built on Hive or more so multiple communities, we can anticipate significant growth in the network.
I'm excited about the future potential of our block chain and can't wait to see how it grows moving forward.
What are your thought's?