Thanks for the shout out.
The 227M liquid HIVE is actually around 144M, because of the 83M ish, HIVE in the DAO that soon will be converted to HBD. Out of the 144M liquid, around 100M are on exchanges... this numbers has been the case for Steem a long time as well.
For me one of the most important metric will be creating successful apps on top of the chain, like Splinterlands. These apps should onboard, market and drive the demand for HIVE.
Thanks for the clarification, I still regard that 83 million as 'liquid', it is designed to pay people after all!
Agree with you about the Dapps.
On that noted, the wolf doesn't have a case for getting rid of the social aspect of Hive, most of our successful Dapps are just that - blogging platforms!