If we pay attention to Hive price, we must also try to understand the tokenomics of Hive. Unfortunately, most wouldn't pay attention to this, because it seems too complex. 

A simple question to ask is: *how many Hive was originally minted, and where do we stand now.* 

This service provided by [HiveHub](https://www.hivehub.dev/stats?metric=total_virtual_supply&timeframe=yearly) shows the total virtual supply. 

https://img.leopedia.io/DQmR1APneyPNXdoDzkqfEaZ3hRRfRpPkDG1ZDBVTVu2bPKX/Screenshot%202025-06-26%20at%208.17.06%E2%80%AFAM.png 

The exact value in 2022 is 488,416,253. We are at close to 596,533,565 for now, and we are halfway done with 2025.

According to the [Hive white paper](https://hive.io/whitepaper.pdf), *Hive’s decreasing inflation rate is one of its key monetary features and reducing minting over time. The inflation rate decreases by 0.01% with every 250,000 blocks, approximately 0.5% per year, until it reaches 0.95%.* 

ChatGPT charted this for me.   https://img.leopedia.io/DQmQgoJWtQLQTRVSZdq2bfZpdf34WF4J2ryzho8NBUGK5sZ/Screenshot%202025-06-26%20at%208.50.03%E2%80%AFAM.png 

What it means is that the inflation rate remains substantial until 2037 when it will stop inflating.

I also asked AI to chart for me what it means in actual terms. It looks something like this below. 

https://img.leopedia.io/DQmars6eA7pS9gu4bWqe9C1kD5Wr11cvGyiYSe2Bi5N37Nw/Screenshot%202025-06-26%20at%208.58.01%E2%80%AFAM.png 

*The Blue is the existing supply, and the orange is the inflation due to newly printed Hive. The sum of those two in the previous year becomes the blue in the current year. One can see that the orange bit gets thinner, which is how inflation is deflationary is depicted.*  
 
The way I make sense of it: **If Hive survives and thrive till 2037, whatever Hive we grab today will be highly valued**.

How to make it survive and thrive? That's a question for another post.    


Posted Using [INLEO](https://inleo.io/@cryptothesis/making-sense-of-hives-tokenomics-deflationary-in-inflation--kkt)