I supply like 70% of the liquidity for beeswap and adding more just doesn't serve a purpose. It will always go to zero Hive in favor of swap. Too many people want to exit Hive Engine for Hive so they can sell. It will occasionally swing the other way but it is very rare. Right now it has kind of been limbo in the middle for a few weeks which isn't very common.
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Yeah, I've been watching it for a while - I actually use that metric to tell me whether people are buying on hive engine or selling out completely. It's been low on hive for years, this is the first time since the last bull market that it's went the other way.
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