I would add also: market cap transfer from steem to Hive. We've seen clearly that hive has won. Steem investors know it. You just see Steem keep going lower in crypto positions and hive going higher... Add that to Web3 marketing efforts + Network effect from rewards increasing. And Hive is going to fly.
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I think the time to look at STEEM is passed. The obsession is now to the point that it carries no sense.
That is just another blockchain. Those who stayed are enjoying their life while those who left are onto something different.
I am not sure why people still believe that STEEM has any impact or correlation to what is going on with Hive.
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Because people like stories, it unites them. Transformation gives trust to build something new and better. To win STEEM has the meaning that we've been successful to do that and outsiders want trust/confirmation in order to build here. To win over STEEM has been the first confirmation, and it has showed in price. We still need more wins, now on our own of course. Stories have more power than money.