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The Growth Of Hive’s Unofficial Second Layer DEX/Engine [Trading Volume]

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@dalz
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This post is sort of continuation from the previous post The Growth Of Hive’s Unofficial Second Layer DEX/Engine.

In that post we looked at the increase in the deposits and withdrawals on the platform. Here we will be looking at the trading volume.

Volume is one of the key parameter for a token or an exchange. The exchanges are faking volume to oblivion. Wash trading, over and over again.

Trading volume on Hive Engine DEX in the past has been very thin. Almost ridiculous. But as more and more projects mature, we are starting to see some bigger numbers lately.

In the last few months, we have seen some of the second layer tokens really started to take off, showing a decent trading volume. DEC, LEO, SIM for example. Maybe the creation of dSwap has something to do with it, but overall, there is a sense of growth in Hive’s second layer.


Here we will be looking into the top 20 tokens traded on Hive Engine. This will not cover all the volume traded, but it’s the large majority of it.

First, we will look at the top few tokens and their individual charts for trading volume, and then the cumulative trading volume.

The period that we will be looking at here is May 1st – September 30, 2020.

DEC Trading Volume

Let’s start with what is probably the most successful token on the platform. The Splinterlands DEC!

Here is the chart.

We can see that in May the DEC trading volume on Hive Engine is small. This is most likely that the game itself moved to Hive starting from June. Since than we can see a jump in the DEC trading volume, and it has been grown ever since. On occasions it has reached more than a 100k HIVE per day.

LEO Trading Volume

LEO has been growing quite a lot in the last period. Here is the chart for its trading volume.

A sharp increase in the trading volume here. Going from a few k HIVE per day before September to more than a 30k on a few occasions. LEO has miners’ tokens, and those had also some big volume, that if added these numbers will be even higher.

SIM Trading Volume

The dCity in game token SIM has been also growing steady in the last period. The game itself started at the end of January and has being growing nicely since then. A steady upwards trend here, going from under 1k HIVE to more than a 5k HIVE per day.

BEE Trading Volume

The token of the Hive Engine platform itself, BEE.

BEE is also showing an upwards trend. Somehow I think this token need a better tokenomics, especially if we want to further decentralize Hive Engine and make BEE an incentive for it.

Overall trading volume

Here is the trading volume for the top 20 tokens cumulative. It’s not exactly the overall volume but its very close to it.

A lot of the tokens are not clearly visible here, since their share is very small.
But still we can make some conclusion from the above.
We can see that STEEM has been a large part from the trading volume in the past, but has go down recently. Probably most of the Hivers dumped their STEEM already.

DEC is dominant on the chart, and it the last period LEO has been taking a share. SIM, BEE, WEED and CPT follow.

Here is the chart for the monthly volume.

June has seen a spike because of STEEM. A lot of STEEM trading/dumping has been happening in that period.
September has 1.8M HIVE in trading volume, a 80% increase from August 1M.

Next the rank of the Hive Engine tokens according to their trading volume.

As already mentioned above, DEC is dominant with almost 3M in HIVE trading volume. STEEM is next with 1.65M, and LEO on the third place with 685k. SIM, BEE and BRO are next. The Splinterlands packs, BETA, UNTAMED, also have some nice volume. The Rising Stars game token STARBITS there as well.


Overall we can see a nice candidates for further growth in the chart above 😊.

All the best @dalz

Posted Using LeoFinance Beta