Hive

Hive is a social blockchain born from a fork of Steem. On Feb 14, 2020, Justin Sun's TRON Foundation acquired Steemit, the main Steem application [[82]](#src-82)[[85]](#src-85). In late February 2020, Steem witnesses activated soft fork 0.22.2 to freeze Steemit's "ninja-mined" stake, a freeze later reversed through votes from customer tokens held on exchanges (Binance, Huobi, Poloniex) [[85]](#src-85)[[86]](#src-86). On Mar 17, 2020, the Hive team announced the chain's launch for Mar 20, 2020 at 14:00 UTC, with an airdrop for all valid accounts [[84]](#src-84)[[83]](#src-83), at 1 HIVE per 1 STEEM according to Binance [[85]](#src-85), excluding Steemit's stake and, according to Onchain Atlas, accounts that had publicly supported the takeover [[86]](#src-86). Payment is written into the protocol: inflation, 9.5% per year starting in December 2016 and decreasing by about 0.5 point per year down to 0.95%, goes 65% to the author and curator reward pool, 15% to Hive Power holders, 10% to the proposal system (Decentralized Hive Fund) and 10% to witnesses; up to 50% of a post's payout goes to the curators who upvoted it, the other half to the author, and rewards can be claimed after 7 days [[87]](#src-87). The apps hive.blog, PeakD and Ecency and the game Splinterlands run on the chain [[86]](#src-86). According to an onchain analysis published on PeakD on Jul 20, 2026, daily activity went from about 30,000 to about 10,000 accounts after the 2020 fork, peaked near 500,000 accounts in 2021 with Splinterlands, then settled around 20,000 daily active accounts, of which about 1,600 post; monthly active accounts reached a record low of about 40,000, and accounts posting each month went from about 10,000 to about 5,000 in 2026 [[88]](#src-88). The HIVE token lost 62.7% between Oct 23, 2025 and Oct 22, 2026 and trades 98.5% below its record of $3.41 on Nov 25, 2021 [[89]](#src-89). In October 2026, Hive operates without a single owner, with an unchanged reward model but declining activity and price.

HIVE: daily price. Source and detailed data in the sources file.

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