Great insights, @taskmaster4450! You've explained the importance of the Hive Power percentage quite clearly, highlighting its potential impact on the Hive ecosystem. As you mentioned, the percentage of $HIVE locked up indicates the balance between supply and demand for resource credits in the ecosystem, and any increase in demand will require more Hive Power.
It's interesting to note that on-chain activity plays a significant role in determining the future of Hive. As the blockchain witnesses more transactions, applications, and use cases, the demand for resource credits will grow, leading to an increased need for Hive Power. This, in turn, will create upward pressure on the $HIVE price, making it an important metric to monitor.
The scenarios you mentioned, such as increased HBD transactions, adoption of Custom JSONs by various applications, and account claims by platforms like Leofinance, all contribute to the demand for Hive Power. It would indeed be fascinating to observe how this metric evolves over the next few years, especially if Hive witnesses the emergence of breakthrough applications or games that require substantial amounts of $HIVE.
Once again, thanks for the detailed analysis and shedding light on the importance of Hive Power percentage in the context of Hive's future growth.
On chain activity means more RCs that are needed.
It is a very powerful premise if you ask me.
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