The Trading Volume On The Internal DEX Keeps Growing! A New ATH For Daily Trading Volume
After years of insignificant trading volume on the Hive internal DEX in the last period we are seeing some serious data for trading volume.
The recent HBD pump was reason for a new all time high for daily trading volume on the DEX.
A 1.6M HBD in trading volume on July 25, 2022.
Previously the daily ATH was at 1.2M back in September 2021.
On a monthly level the chart looks like this.
July 2022 is lower then the August 2021, when there was 7M in trading volume for the month. Now we are at 4M.
While these numbers are small compared to some exchanges or top DEXs, they represent a significant improvement from before.
The internal DEX was neglected for a long period of time.
The fact that Hive has actually a DEX is amazing feature. Users can trade directly on chain, without KYC, or fees! The growth of the DEX is mainly because of the HBD improvements, the growth of the DHF funds and the hbdstabilizer. Soon we should have a new interface that will make it even better for use.
The increase in volume in the hive DEX has been noticeable to the naked eye. The amounts of hive in buy or sell orders are much higher than they were months ago. Before it was very boring to trade on it, now it is very interesting. Cheers!
We need a better interface that can see order sets and more attractively. Good to know hbd is doing well
Posted Using LeoFinance Beta
It feels really nice seeing the progress of hbd and thanks for sharing.
I fully agree. The internal DEX is an amazing feature.
I just wonder whether it may become necessary to replace it with an internal liquidity pool to save bandwidth at some future point in time.
This might be possible once we have smart contracts
Smart contracts on the base layer are user defined code executed by an on-chain EVM. A HIVE/HBD liquidity pool could be built into the core just like the internal DEX is.
https://twitter.com/alberto_0607/status/1556725776090894349
The rewards earned on this comment will go directly to the people( @alberto0607 ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
Can you do hive-engine's volume?
It seems to have dropped off a cliff after the general market dumped.
HBD volume on Hive Engine?
Total volume on h-e.
My bots haven't made a trade in days.
The volume dropped off with the last market dump and hasn't come back.
HBD is progressing so great. The other day I put in some Hive into savings. After the transaction went through I realized I made an error. I wanted HBD transfer into savings, it gives 20%. I not sure if you get interest for Hive savings !
No
not bad action for a bear market