I know a little bit about the Hive blockchain... but one thing I'd really like to know is who and why Hive is traded so much.
$335K USD worth of Hive is printed anew each day, but it looks like $100M worth of Hive is traded every 24 hours...
...and I don't really understand why. Who is buying it and why are they buying it? It's not like $100M is getting powered up daily or anything - so I guess it's just kind of traded between people for fun/potential profit?
It isn't a daily pool. I think the emissions are about 25 million per year. It is constantly filling and emptying simultaneously. But, yeah, a lot is traded in volume! I suspect mostly Korean accounts wash trading on Bithumb. Binance has gone past it though since the release of the future market I think.
Oh interesting... I just assumed it was a daily pool but it makes more sense to really be per block. 25 mil divided by 365 days is about 68K Hive which is $34K USD.
Also... while looking that up, I saw this...
Source
I assume someone reading your post decided to invest heavily in Hive today.
Hive/KRW on Upbit jumped 150M in trading between my screenshots: