There has been a push for HBD adoption around the globe. Merchants accepting HBD as payment. This especially in places like Venezuela and Cuba, but in other places in Europe as well. The recent increase in the crypto prices might add some fuel as well.
How is this affecting on chain activity. We can take a look at the number of transactions and accounts making transfer. If HBD adoption is increasing this should increase as well. 

Let’s take a look.


 


![01.png](https://files.peakd.com/file/peakd-hive/dalz/23tvAS32KuQoXE5D9X6cZx2QvKByHC6m1oHwJykAdp1VewG196HWrcuDAN9TxebBSi9yr.png)





Here we will be looking at:

-	Daily/monthly transactions
-	Daily/monthly number of accounts transfering HBD
-	Daily/monthly HBD value transfered
-	Top accounts by number of transactions and value 

The period that we will be looking in is starting from the Hive fork back in March 2020 till now.


## Number of HBD Transactions 

Here is the chart for the data on HBD transactions made per **day**.

 


![image001.png](https://files.peakd.com/file/peakd-hive/dalz/EoryPpk9qda3G3WB73UZV7BZRXRdK9cj7XkaEKZq8tLn5tuMr4CJws6rQv6CCMjYLFi.png)



As we can see back in April 2020, this number was low, under 1k HBD daily transactions. It increased since then going up to 3k daily transactions, with occasional spikes up to 10k. 

Towards the end of 2024 there was an increase in the number of HBD transactions again and reached 2.5k per day. A drop in the last months and we are now around **2k** per day. 


When we plot the data on a **monthly** level we have this:


 

![image007.png](https://files.peakd.com/file/peakd-hive/dalz/23uQNeSswUDXqHMbitReRYgL6YH1qXEXBHWD2fbrQ2KKtwLFFB6R3vWHk7RLoNUxXW6ij.png)




Here we can see an even clearer trend. An uptrend up to 2022, then a period of stagnation. A drop in 2024 and increase in the last months. December 2024 and January 2025 has seen a growth reaching up to 60k transactions in January. Since February there has been a drop again to around 48k transactions per month where it has been for the last three months. 



## Number of Accounts Transferring HBD
How many users are transferring HBD per day? Here is the chart.

 


![image003.png](https://files.peakd.com/file/peakd-hive/dalz/23uQfqA9cbPxp635EZMteRF4onA53M5uHL8CtnJL2yzNthLpq9PNz8jg4toDkzrJ72s7T.png)





The trend here is similar as for the transactions. At the beginning there is just around 200 DAUs, then the number increased to almost 1k in 2022, and a sort of stagnation since then. We can notice the uptrend in January 2025 and a drop since then. 


a small uptrend in the last few days, the very end of the chart. 

In the last period then number of DAUs for HBD is in the **range of 600 to 800** accounts. 




**On a monthly level the chart looks like this:**


 


![image009.png](https://files.peakd.com/file/peakd-hive/dalz/23vsC5ULCiwrGSe7QqvLutnVeDpPbUW9Pzq4PALvV86s5JHDUu1Svoj55MuHLNtEzpT2F.png)


An uptrend towards 2022 and a small downtrend since then. 
We can see the spike in January 2025 when the MAUs reached 13k. A drop since then and in the last months we are around **11k** MAUs. 



## Transferred HBD Value 

What about the amount/value in HBD that has been transferred? Here is the chart for the **daily** amount of HBD transferred.



 

![image005.png](https://files.peakd.com/file/peakd-hive/dalz/23u5XNdeHUsQpA61YXuQK9NvmMhPK3vnyrHJqxE1YyZyADcid8jmt8zCA67c2wDA5hcvi.png)


We can clearly see the spike back in August and September of 2021. There was an increase in the HBD value back then and a lot of arbitrages was happening. A few spikes since then to more than a million HBD daily transferred but overall the values are around **50k** HBD transferred per day. This is the number for the average daily HBD transferred in the last months as well.

**The chart for the monthly HBD transferred looks like this:**

 




![image011.png](https://files.peakd.com/file/peakd-hive/dalz/23tRzSuC9md43oj8e3tNpi4hUjdKdz8uqiPD4naS1vcq9SyVjJQ76PQnykeCmJvY78J6Q.png)






Here again we can see the spikes in August and September 2021. More than 20M HBD was transferred around in August alone and September has been close to 18M. 

In the last period there is around **2M** HBD volume per month. 


## Top Accounts

Who is making the most HBD transactions? Here is the chart for the last 30 days.



 


![image013.png](https://files.peakd.com/file/peakd-hive/dalz/EoGr5ST5JWM8Nbvmh5ggLo472XUUwLojKzPx2YuoSD3WeU3a1DneuVM9EoR4zJ97gT6.png)





The @reward.app has been making a lot of HBD transactions, or in total of 7k operations involving HBD. @commentrewarder is in the second spot, followed by @actfit.pay and the @thedistriator. Because of the feeless system on Hive, users can make thousands of transactions in HBD without worrying for gas fees.

The above is in terms of the number of operations. What about in terms of value? Users can make a lot of small transactions with HBD, but some can make a fewer transactions but with bigger HBD amounts. 

**Here is the chart for the top accounts transferring the biggest volume in HBD in the last 30 days:**

 



![image015.png](https://files.peakd.com/file/peakd-hive/dalz/23u5XKn56E93koSCSQs8UimQVuU5jxggEiAFc2cSVGzx3ScPvFCiNwQjAw1ZE5kFpxREA.png)







The @letusbuyhive account is on the top here with close to 300k HBD value moved. @buldog1205 is on the second spot followed by the @stabilizer account. 





All the best
@dalz