The data for February 2026 shows that at these prices, the value that we put in ciruclation from diferent sources is now bigger from the non programable share, or so to say human controled share. That are the two main ones DHF and Interest. Those two together for February add 52% of the inflation.
All the others sources are in the code, although we can argue code can be changed, and it is also human created and controled, but at least till now that seems to be a bigger hurdle and opstical.
| Category | HIVE |
|---|---|
| DHF | 1,401,450 |
| Interest | 1,269,498 |
| Curation | 888,655 |
| Authors | 888,655 |
| Staking | 410,148 |
| Witness | 284,484 |
A disclaimer on the data. Think of this as HIVE EQUIVAVLENT. The 1.4M HIVE from the DHF hasnt realy been paid in HIVE but in HBD, and it is acctualy around 100k HBD. But at these prices that puts a lot of HIVE equivavlent in circulation. One can argue that not all the HBD put in circulation will be converted to HIVE etch, and it might be converted at diferent price levels ergo adding less HIVE then show here, and that is probably true, but we also have HBD that has been printed in the past that is converting now and overalaping, so overall I think this is a good indicator.
Another note is that February is the most inflationay month for HIVE in its history with 10M HIVE created in one month. It is a record high with double digits millions. For context, the programbale inflation is around 2.5M.... so 4 times higher.