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RE: The HBD Supply Has Contracted In 2022 | Data On The Supply And What Causes This

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RChavez
@rzc24-nftbbg
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1 min read

The HBD supply on Upbit has dropped massively in 2022, from 9M at the beginning of the year, to just 1M at the end of 2022. This means a lot of the speculative HBD supply has now exited.

A total of 10M HBD was removed from circulation in 2022.

This is great!

As mentioned already the authors rewards are the main category in the positive, and the stabilizer is dominant in the negative.

This brings clarity to me.

Thank you also for the following points:

  • the HBD supply in the DHF has increased from 10M to almost 20M in 2022.

  • While the overall HBD supply has contracted, the HBD in savings has expanded.

  • the liquid HBD supply has dropped from almost 12M at the beginning of the year to 4M at the end of the year.

A great summary:

We are entering 2023 with a strong HBD fundamentals. The excess of speculative HBD has been removed, a large share of the HBD supply is in savings now, the debt is around 5%, far from the 30% limit, and we have a stabilizer with more funds to work with then even before. This means it should be a safe ride for HBD in 2023.

More HIVE Power and HBD!

!PIZZA

!CTP

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