“There are decades where nothing happens; and there are weeks where decades happen”. We have been going through such weeks lately. The above quote itself is attributed to Vladimir Ilyich Lenin who was a cause behind many of these "decades" happening in a very short time. Unlike those times, I consider the current events will work out for relatively better outcomes. I do not believe that we will reach any thing "good" under the authoritarian and anti-freedom governance systems and voting patterns we have to live among. What I expect is a minor reversal of this abjectly horrifying clown world horror show that is modern economics and geopolitics.
Softcore "Degens" at White House
We have had politicians that are pro freedom and pro crypto in positions of power. Nayib Bukele and Javier Milei. They have done amazing jobs at the scale they could influence. Trump and most of his allies are not proponents of free market. At least they are investing in the niche we want to see prosper.
It would be amazing if anyone from the Trump family or their organizations create a HIVE account. The best way to make it a reality is onboarding as many users as possible and then keeping them around. Trump organizations will mostly focus on the Blue Chip Cryptocurrencies (outside of their own projects). These high marketcap projects are investments they can enter and exit with minimum slippage.
What we are going to get as a result of all these investments (and subsequent FOMO coming from other countries) is investors rotating their profits into smaller projects. This has happened many times before. This is the best time for us to attract users and make decentralization mainstream.
Liquidity is Extremely Important
LeoDEX and @mayaprotocol continue to make new innovations and among these is the ability to break large swaps into smaller transaction allowing to make swaps with lower slippage. None of these moves are going to make it cheap to swap millions of dollars into $HIVE $LEO $SPS $HBD or any other cryptocurrency that is part of HIVE. Slippage is functionally similar to having an extra fee attached to the trade. Having high slippage means the investors will have to pay a hefty extra fee to invest in what they would consider a high risk project with a fraction of the userbase of the likes of Solana.
The user experience caused by Tribaldex being built on top of a feeless blockchain is amazing. Paying less than a cent for a transaction may feel great compared to many dollars users have to pay on Ethereum and BTC. Having no fees at all takes everything to a whole another level; especially for the users from developing nations.
Traffic Sources for INLEO
The above statistics are taken from Simple Analytics Dashboard which function as a more privacy friendly alternative to Google Trends. I have compiled a few points that are worth noting.
- 74% of the traffic come from 10 countries.
- 22% of the traffic come from developed countries.
- We have a high number of Brave Search + Browser users.
- Notifications are a popular feature.
- Most of our users are not native speakers.
Even small earning can go a long way with many of these countries. What we need to do is find a way to get these users to pick HIVE DAPPs as their primary social media applications. We don't need to have a billion users or come up some overly sophisticated algorithm or UI/UX.
Reddit Had 73 Million DAU in 2024
You could say many things about Reddit; but having a fancy UI is not one of them. Most of the popular front ends on HIVE offer a better experience and for more features than what Reddit offer. This statement remains true even after removing censorship resistance and cryptocurrency earnings. What we need is a reason for the users to stick around and engage.
I'm going to mention this since TikTok has recently become a controversial topic. We already have a decentralized TikTok alternative. The recommendation algorithm and the amount of content leaves a lot to be desired. Despite that, we have a working product that can be refined if there is enough demand from users.
Partnerships With Other Blockchains is The Way
We must not get ourselves siloed unless there is a very good reason behind it. HIVE not becoming an EVM chain with MetaMask integration is a great move. It brings us usernames, feeless transactions, DPoS and many more things. Not using Keystore login and LeoDEX partnerships to onboard other communities is a massive missed opportunity.
Support Proposal 332
The numbers that actually matter are the following:
- Accounts Created (Onboarding)
- MAUs (Retention)
- Revenue Generated (Trading Fees, Premium, Subscriptions etc.)
- Investments (Buying HIVE, HBD or Layer 2 Assets)
The first 2 are provided in detail here: https://inleo.io/@leofinance/inleos-proposal-to-grow-the-hive-ecosystem-we-successfully-onboarded-10k-monthly-active-users-ecj
Accounts Created
- leo.voter 22595
- appreciator 14623
- dbuzz 5568
- ecency 4171
- hive-recovery 2027
- aliento 1729
29.69% of new users to HIVE comes from INLEO. 13K users have remained active with 4855 of then being creators and the rest voting, following or playing games etc.
Premium user count: https://inleo.io/premium/users
Subscription purchases: @leosubscriptions
@mayaprotocol revenue and trading volumes: https://www.mayascan.org/stats/interfaceWars
These are the easily accessible data. It does not cover everything. But nobody can say that there isn't enough transparency. This is blockchain. It's all on chain!
Posted Using INLEO