This number has obviousy been growing in through the years. Its one of the few parametars on Hive that keeps growing even during the bear. Obviously trading itself can be a lucrative activity and this is showing even in the Hive DEX.
With the stabilization of HBD in the last years, its now become usable for trading as well. Aditionaly the stabilizer is providing some liqudity as well. In terms of volume the Hive DEX is now doing between 50k to 100k per day on regular basis. Things can get very intersting on the DEX if the Hive price increses. The volumes can be in the millions per day.
Its also interesting hypotesisis that these activity need RCs. And if there is competition and users want to out run each other, they will need RCs and Hive, similar as users are spending gas on Ethereum to frontrun trades.
I percieve the internal market as a heavily underrated tool - it should be super-useful for many people from less fortunate countries who need to withdraw their earnings on a regular basis, and every cent counts in their case.
With the HBD Stabilizer, the market is quite predictable, so taking a bit of dip there comes with a very low risk. Earning an extra dollar a month may not be interesting for many people, but in some places, it's quite a lot of money you get for an extra post or a bunch of comments.
yes, but the transaction costs are so minimal that they hardly will create any buying pressure 😄
Yes they are, but if you make 1000 tx per day, it adds up
I like trading there. HIVE DEX is better than centralized exchanges.
Trust me in years to come soon, HIVE DEX will be much more better than other centralised exchange
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