The supply of a token on exchanges is a parameter that is usually closely monitored. The top coins, Bitcoin, Ethereum are especially closely monitored when it comes to the supply on exchanges. What about HIVE?
What is the share of the HIVE supply held on exchanges? What is the trend is it going up or down? How has deposited/withdraw the most? Let’s take a look!
Here we will be looking at the following:
- Net deposits VS withdrawals
- HIVE balance on exchanges
- Top accounts that deposited to exchanges
- Top accounts that withdraw from exchanges
- Top exchanges balance
- Upbit and Binance balance
Exchanges taken in the analysis: Upbit, Binance, Bithumb, Hive Engine, Huobi, Gate.io, MEXC, CoinEX, Indodax and Bitget. There are few more exchanges but the volume there is quite low.
Net Daily Deposits and Withdrawals from Exchanges
When we add the deposits and withdrawals on a daily basis the chart looks like this.
Note: Transfers between exchanges accounts are excluded from the data above.
The most noticeable moves here as well are back in 2021, when first there was a lot of withdrawals and then deposits to exchange. Since then, we ca see some spikes up and down, but much smaller moves. Most of the time there is more daily deposits then withdrawals. We can notice the recent spikes in January 2025.
Monthly Net Deposits VS Withdrawals
When we add the deposits and withdrawals on a monthly basis the chart looks like this.
A clearer representation here.
Again, the volatility back from 2021 is noticeable here as well. This is because of the HBD movements at the time, when HBD increased to above its peg, and a lot of HIVE was withdrawn from exchanges and converted to HBD.
In the last period there is constantly more HIVE deposited to change each month, with the last three months being even higher then usual, close to 5M HIVE deposited monthly. For 2024 the average is around 3M HIVE deposited monthly.
HIVE Balance on Exchanges
What is the amount of HIVE on exchanges?
Here is the chart.
As we can see the overall HIVE balance on exchanges has been growing, with some dips along the way. The biggest dip happened back in September 2021, when there was a lot of HIVE converted to HBD due to the increase in the HBD price. A steady growth since then with occasional small dips.
The current supply for HIVE on exchanges is at 208M HIVE.
At the beginning of 2024 this number was at 164M meaning 40M HIVE was deposited to exchanges in 2024.
When we plot the balance on the exchanges against the total HIVE supply, we get this.
HIVE share on exchanges in percent %.
From the chart above we can say that the HIVE balance on exchanges has been growing both in absolute and in relative terms.
We are now at 45% of all the HIVE on exchanges. This is an all-time high when it comes to the share of HIVE on exchanges. At the beginning of 2024 the share was at 39%, so a 6% growth in the share of HIVE on exchange in 2024.
The top exchanges that hold HIVE are the following:
Upbit is absolutely dominant with 140M HIVE. On the second spot is Binance with 45M, followed by another Korean exchange Bithumb.
Upbit and Binance have been the major two exchanges for HIVE for years now. There has been some new listings recently but still not a significant amounts on those.
Upbit
When we take a closer look to Upbit we have this chart:
It has been growing in most of the period, especially back in 2021. In the last year there was a small decline in the amount of HIVE on Upbit, in the first half of 2024, but in the last month it has been growing again. A total of 140M HIVE is now on Upbit!
Binance
The Binance chart looks like this:
A more diverse trend here. An increase in the beginning, then a drop and somewhat sideactin in the last few years, up to 2023, when at the end of the year the and the beginning of 2024 the amount of HIVE on Biance started growing again and reached 45M HIVE in February 2025, where it has been for the last few months.
Here is the chart for Upbit VS Binance:
At first, four years ago, these two were close, but then Upbit kept on growing while Binance dropped a bit. In the last period Upbit, both Upbit and Binance have kept growing with some volatility in between.
Still there is a big gap between these two, with 95M HIVE more on Upbit then Binance, a 140M to 45M. Upbit is a real risk for HIVE with the number of tokens there.
Top Accounts that Deposited to Exchanges in the Last Two Months
The last two months have seen some positive action. Here is the chart who deposited the most to exchanges.
The @newsflash account is on the top with 670k HIVE, followed by the @ipromote account and @stookdev.
Note that this is a net HIVE deposited to exchanges, with both, deposits and withdrawals taken into account.
Top Accounts that Withdrawn from Exchanges in the Last Two Months
Who has withdrawn the most funds from exchanges? Here is the chart.
@konvik-cold is on the top here with more than 200k withdraw from exchanges. This is usually an account that is market maker and providing liquidity. @uid01391457 on the second spot. There are more accounts with the uid prefix, not sure what this is. @dmpo on the third spot.
All the best
@dalz
uidxxxxxx accounts are used by scammers. They create an account using the user's exchange ID and ask them to transfer to their own exchange id.
Ok, thats something new for me. They ask users for funds?
They ask them to transfer hive to their own account UID on the exchange using their own memo. They promise that there is a promotion going on that gives them extra money or something. The user tries with a small amount first and they get back more than they sent out. The scammers use their memo and send them back small amounts to gain their trust. And of course whenever the amount goes up, nothing comes back from the scammers.
If you're ever in the Hive.io Telegram group, there are so many new victims turning up every day asking to 'unfreeze' their funds.
Interesting data.
I am glad to know that there are 10 exchanges that HIVE can be traded.
I see it also as something positive that in the last 3 months, close to 5 M have been deposited.
I could not believe that there are 208 M HIVE on exchanges out of 500 M plus supply.
I don't wonder now why trading on Upbit can make the price of HIVE pump that big.
As for MEXC, the crypto exchange I am using right now for trading, I realized that it occupies the 7th place, not a major player.
Curious too with those accounts with uid prefix.
Thanks!
How would you interpret all of this data in terms of crypto market sentiment? I see this as something positive, something bullish. Am I right?
!BBH
!PIZZA
No exchange lately as I keep staking HIVE and saving HBD. However, I will convert 100 HBD to HIVE soon ;)
Upbit Exchange is the best for holding Hive , I have amazed to see the current supply for Hive on exchanges is at 208M, A lot of informations , great post
those charts look all good to me! 👊😎🤙
!PIZZA
I'm surprised to see that UpBit is dominant in the % of Hive held on Exchanges and also I'm surprised to see how low Hive-Engine is on that list, I thought surely Hive-Engine would have many tens of millions of Hive on it.
Thanks for this useful information keep up the good work 👏🏾😎