Happy Birthday Hive!

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Exactly a year ago, the Hive blockchain was created as a fork of the Steem blockchain.

We've seen a lot of development since then. The last six months has seen tremendous development and adoption of Tribes built on Hive-Engine. In the summer of 2020, the most successful of all the Tribes so far, LeoFinance, was a very small platform used only by a small number of users, most of whom did not use the website but the leofinance tag only.

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Source: https://simpleanalytics.com/leofinance.io?period=year&count=1

Growth in the number of users has been nothing short of impressive. The token price has gone from a few cents in the summer to the current $1.16.

LeoFinance did some very important work in facilitating the ease of onboarding by introducing light accounts associated with the Metamask Ethereum wallet bringing together the Ethereum and Hive communities. After that, the option to create a light account with a Twitter account was also introduced. More options are being worked on. The main advantage of light accounts is that a new user does not have to take full control over their account they can access using a single password but that whenever they want, they can download the keys.

A couple of weeks ago, the CubFinance platform was launched on Binance Smart Chain (BSC) that involves 22 different liquidity or staking pools, which allows Hive to tap into the tremendous amount of liquidity on BSC.

LeoFinance is the first ecosystem of applications built on Hive that fully embraces blockchain interoperability. LeoFinance has already hugely benefited from that. Benefits from LeoFinance's trail blazing are gradually spreading to the rest of the Hive ecosystem. The most recent example of that is the newly introduced DEC-BUSD liquidity pool on Binance Smart Chain.

Splinterlands will not be the last of the Communities and Tribes on Hive to tap into liquidity from external sources. In the future, many many other communities will follow suit, which will gradually increase demand for the HIVE token as well. The ongoing overall crypto bull market is not the only reason to be bullish about the entire Hive ecosystem.

I think the fifth birthday of Hive will see a much more developed, diversified and valuable ecosystem!



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