Steem Out? How Hive Blockchain Became The Decentralized Social Future After Hard Fork?

On Friday, March 20th, a new blockchain called Hive launched from a fork of the Steem blockchain. According to Hive’s announcement on Medium (https://medium.com/@hiveblocks/press-release-the-new-hive-blockchain-is-launching-heres-everything-you-need-to-know-b95b05d30c7c?utm_source=st), all Steem users at that time automatically existed on Hive, and a mirror of current balances was airdropped in the new HIVE token at the time of the snapshot and launch. A warning from Steempeak claims that Steem witnesses removed approximately 23.6M STEEM from 65 accounts.

As we pointed out in Q1 2020 Dapp Market Report (https://www.dapp.com/article/q1-2020-dapp-market-report?utm_source=st), Steem daily active users dropped 17% after the hard fork. What about Hive afterward?

Dapp.com started tracking Hive’s on-chain data since 4th June. And today we’d like to look into the Hive ecosystem.
Track here 👉 https://www.dapp.com/market?utm_source=st

Hive is an open-source DPoS governance blockchain created by implementing a hard fork of existing Steem code.

It is a fork of the Steem blockchain and runs completely independently from the existing chain. Steem users can access their Hive accounts by simply logging in with the existing Steem account keys.

Hive claims that with a diverse community of stakeholders and without controlling bad actors, individuals can experience true ownership in a decentralized blockchain & cryptocurrency.

As we can see from Dapp Market Dominance by Blockchain, dapps on the Hive ecosystem already attract more daily active users than those on Steem. The daily active users of Hive blockchain is about 2 times more than that on Steem.

Looking into the total blockchain market dominance, Hive is ranked No.6 among all the blockchain listed on dapp.com.

What Dapps Support Hive’s Take-off?
What Dapps Totally Move Out of Steem?
What Dapps Choose to Support Both Blockchains Instead of Only One?

Insights here 👉 https://www.dapp.com/article/hive-blockchain-news?utm_source=st

Will Hive continue the growth trend?
Will more dapps transitioned from Steem to Hive?
Who will be the NO.1 social dapp blockchain?

Make sure you bookmark dapp.com and sign up to our newsletter below to get updates direct to your inbox.