It is an onerous task creating content on Hive because I have lost my enthusiasm and the project I was banking on doesn't tick all my boxes (but at least they are doing better than most dapps). It is not the Blockchain or project's fault per se because, to be frank, there have been efforts to push Hive, but unfortunately, it has been semi-unsuccessful.
Now with the bull run frenzy, there is almost no chance to get any hype or attention on your project or blockchain if you're not doing airdrops or getting VC investment which is the case these days. No one cares how decentralised your project/blockchain is, they only want to pump their bags. So Hive might remain under the radar. If we are lucky, our Korean friends might manipulate the market and get the price of the token up for a while.
So the question remains: why isn't hive getting attention? It's an age-old question, one Hive stakeholders have the answer but chooses to ignore it because it doesn't fit the narrative they are trying to push. To be frank, I understand the rationale of dapps/formers to some degree. However, what I don't accept is that hive isn't doing well because people--those who use the chain daily and are earning rewards--are farming it only to dump it in the market. I will give my reasons why this narrative is not false but manipulative.
So let's look at Hive. It has a trade volume of around a million dollars. Compared to a Solana meme coin like Ponke (with no real use case), it is six times short because Ponke's trade volume is around $6 million. I am comparing Ponke to Hive because it's first a memecoin and most people trading or holding meme coins are not doing so for the long run, and you can see that by the volume of daily trades. There are more people interested and invested in PONKE than there are in Hive. so the idea that having people in your ecosystem who just want to farm and sell somehow destroys or stagnates a project is far from the truth. There are so many examples of thriving meme-coin communities.
Secondly, people's trading activities have little impact on Hive's socialfi activities. Fewer people are blogging on the chain than there were a few years ago. So what do you care about? The value of the token or the network? On both fronts, it's not doing well and until genuine and honest conversations can be had about Hive it will only survive, and surviving is good in the bear market but sucks in the bull market.
Check out this short thread on projects with potential airdrops.
We can start by admitting that Hive doesn't have a large community as it once did. There are barely a hundred persons that show up for anything meaningful on and off-chain. So of course no one knows your community exist and if they do, it does not amount to much because the ecosystem cannot operate above the noise in the crypto space. Maybe it's time Hive dapps started to think of how to onboard new users. The most effective way these days is the promise of airdrops. It people hyped about your project and attracts new investors and CEX listings. Hopefully before the end of the hype you might retain some users.
on the other hand, some of these dapps are not well funded and rely on the reward pool to run its operations which is insufficient to hire the required talents to push the project outside Hive.
We can also admit that the users are not the reason Hive is not thriving. We can focus on attracting more developers and dapps in our ecosystem because this can attract new users and funds without relying on people's blind loyalty to the community. For instance, one of my favourite dapps has been unstable, but somehow I am supposed to accept that because that's what loyal community members do and doing otherwise makes me a hater.
Sorry to disappoint, but Hive is not a cult. I understand that some of your bags are deep and you cannot afford to exit, hence why you are pissed about those who can. That should be the least of your worries. If anything demands more from the dapps, they owe you that much because you are a stakeholder. Your token and hopes are on the line.
In conclusion, 2-3 years ago, I could look at Hive and say, "We are unique." But that's not the case today. There are several competitions and yes, they might not be getting it all right but what happens when they do? This has nothing to do with the average user. There are so many unwritten rules with this space which is hard to keep up with and when things go south, everyone points to the little people playing their part. You be shitting on the people you need the most to grow the chain's network. Guess what? those you hold in high esteem aren't willing to do the work.
creator: ahmadmanga