Hive Is Growing Up Quickly Along With Layer 2

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Hive Is Growing Up Quickly Along With Layer 2

Hive continues to go under a lot of changes and a lot of coming soons. However this year alone I know of a number of projects large and small that should be hitting the hive blockchain and that might very well be sparking and holding some of these levels we are seeing today.

At the time of writing this Hive is currently valued at $0.61 as has slowly been climbing over the last 24 hours. This is a bit unlike rallies of the best for hive which normally would last a few hours and fall quickly back to almost the same baseline.

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So what exactly does Hive have going for it?

Actully a lot and it still gets very little credit for what it does and does very well and that's being a decentralized blockchain with some web3 capabilities in it.

You see for years Hive has only been a blog/ article platform and it's done this well. There's a good amount of traffic flowing to hive and all of it's front ends but only one that I know of capitalizes on this by running a few ads on their UI and that's LeoFinance

It's still beyond me why other UIs don't add in some form of minor ads to help pay for server costs and actully bring value into hive instead of sucking it out via the DAO but hey that's just me apparently.

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Applications are growing and new ones are coming online.

3Speak

While I don't enjoy the cut they take I can understand it for now. However I would love to see some type of video ads added into it or a banner ad or two just to help cover some of those costs and then provide that value back to the content creators who are adding videos to their platform.

It does seem like 3speak is starting to make some headway in a few areas. In particular a new front end UI we should be seeing soon and it seems like a little highlight for short form videos. This is seriously a welcomed change as right now the UI lacks IMO. That doesn't mean it's bad but it could use some serious love as it feels like a 1990's basic website.

Video is increasingly becoming more and more popular so if 3speak can get their UI down pat and maybe a mobile application for shorts and some ad revenue moving it has some serious potential in becoming a flagship application on the Hive blockchain.

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LEOThreads

LeoFinance has opened up a number of gateways for Hive and while it got a little hate in terms of direction it was still building and building quickly during the bear market where now it has solid connections to both Polygon and Binance blockchains to allow for some movement in funds. You see one of the largest bottlenecks for Hive has been it's lack of liquidity on other exchanges and it made it very difficult to actully get hive in your hands. That has been changing for the most part over the last year and LeoFinance helped in their way by introducing CubDeFi and PolyCub

On top of this LeoThreads and a new UI built around that is expected to release here "soon" I say soon lightly as this was a project talked about over a year ago. However it does feel like we should see it come out of Alpha at some point this month at least I hope. With that will be a new way for content to be added on to the Hive blockchain and the value of that will come from ad revenue and most likely a increase in activity and userbase.

Games

There's a good amount of new games launching on Hive this year and some are starting soft launches at the moment.

You see Splinterlands itself brought a ton of value to the hive blockchain during the last bull run and P2E games rally that took place. The thing is P2E games or just Crypto Games in general are still a very hot item at the moment and is primed for a massive rally once again.

We have already seen platforms like AXS increase in value during this semi increase in price and most likely we will see the same for Splinterlands and other games that run on the Hive blockchain.

Overall there's a lot hive has going for it and more coming soon and in the future this year. I have a firm feeling that this time around we could see hive peak higher and perhaps hold that higher point for some period of time. I'm glad I took the entire bear market and heavily stacked hive over HBD.

What is something or a few things you're most looking forward to come out on the hive blockchain?

Posted Using LeoFinance Beta



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12 comments

Taking advantage of the right moment to accumulate was a wise decision!

Hive offers so many possibilities and will be an opportunity to make dreams come true in the future, I'm sure we're still just starting!💪

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It's honestly hard to do because in the back of your mind that little voice is always saying is it worth building in the bear market. The answer is it totally is!

Posted Using LeoFinance Beta

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So many other dapps. Maybe smaller ones or newer ones but there is growth and innovation!

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These three directions for video streaming - 3Speak, microblogging - LeoThreads and gaming - Ragnarok, GLS are strong pillars for building on the Hive blockchain.

Posted Using LeoFinance Beta

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I'm actually seeing a lot of new projects getting close to launch that i had no idea were even being built.

It's a good sign for the health of thje eco-system that people are actively building every day especially during a bear market.

Posted Using LeoFinance Beta

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