But I am sure the offramp of hive from blogging rewards is also quite the flow...Check where your opponents in Splinterlands send their tokens to a lot of value is leaving the ecosystem. Offramps: SPS to crypto.com SPS swapped on UNISWAP, sps and DEC swapped for swap hive and withdrawn from tribaldex then sent to Binance @binance-hot on hive and its gone... sold on the exchange and spent on groceries. Selling pressure on all sorts of tokens frome HIVE to DEC and SPS
But I am sure the offramp of hive from blogging rewards is also quite the flow...Check where your opponents in Splinterlands send their tokens to a lot of value is leaving the ecosystem. Offramps: SPS to crypto.com SPS swapped on UNISWAP, sps and DEC swapped for swap hive and withdrawn from tribaldex then sent to Binance @binance-hot on hive and its gone... sold on the exchange and spent on groceries. Selling pressure on all sorts of tokens frome HIVE to DEC and SPS
the numbers may be wrong, but if 20% from userbase are just selling - its puts huge pressure on the game.