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The Growth Of Hive’s Unofficial Second Layer DEX/Engine [Trading Volume] by dalz

View this thread on: hive.blog |  peakd.com |  ecency.com
hive-167922 · @dalz ·
$14.92
The Growth Of Hive’s Unofficial Second Layer DEX/Engine [Trading Volume]
This post is sort of continuation from the previous post [The Growth Of Hive’s Unofficial Second Layer DEX/Engine](https://leofinance.io/hive-167922/@dalz/the-growth-of-hive-s-unofficial-second-layer-dex-engine).

In that post we looked at the increase in the deposits and withdrawals on the platform. Here we will be looking at the trading volume.

 
![01.png](https://images.hive.blog/DQmYHcbjV9TJUUpVXQ4KXcpeyo2WaUL1YD6dkw8gdpENn2A/01.png)

Volume is one of the key parameter for a token or an exchange. The exchanges are faking volume to oblivion. Wash trading, over and over again. 

Trading volume on Hive Engine DEX in the past has been very thin. Almost ridiculous. But as more and more projects mature, we are starting to see some bigger numbers lately. 

In the last few months, we have seen some of the second layer tokens really started to take off, showing a decent trading volume. DEC, LEO, SIM for example. Maybe the creation of dSwap has something to do with it, but overall, there is a sense of growth in Hive’s second layer. 

-----

Here we will be looking into the top 20 tokens traded on Hive Engine. This will not cover all the volume traded, but it’s the large majority of it. 

First, we will look at the top few tokens and their individual charts for trading volume, and then the cumulative trading volume. 

**The period that we will be looking at here is May 1st – September 30, 2020.**


# DEC Trading Volume

Let’s start with what is probably the most successful token on the platform. The Splinterlands DEC!

Here is the chart.
 

![02.png](https://images.hive.blog/DQmTNHN6zx2TTvFZ2XkY6cSZfDqNDnzutwDmmz8JekbGqHY/02.png)

We can see that in May the DEC trading volume on Hive Engine is small. This is most likely that the game itself moved to Hive starting from June. Since than we can see a jump in the DEC trading volume, and it has been grown ever since. On occasions it has reached more than a 100k HIVE per day.

# LEO Trading Volume

LEO has been growing quite a lot in the last period. Here is the chart for its trading volume. 

 
![03.png](https://images.hive.blog/DQmfQzfDhFVEzeFMWytMRzSVyQEUid2k7us6U85XWgxZkif/03.png)

A sharp increase in the trading volume here. Going from a few k HIVE per day before September to more than a 30k on a few occasions. LEO has miners’ tokens, and those had also some big volume, that if added these numbers will be even higher. 

# SIM Trading Volume

![04.png](https://images.hive.blog/DQmUMWnzxRMAWPNo7ZjPG9QQVHABvMTfqwH8Cc3UYTtMTTe/04.png) 

The dCity in game token SIM has been also growing steady in the last period. The game itself started at the end of January and has being growing nicely since then. A steady upwards trend here, going from under 1k HIVE to more than a 5k HIVE per day. 


# BEE Trading Volume
The token of the Hive Engine platform itself, BEE. 

 
![05.png](https://images.hive.blog/DQmVv2dRszLWzxg5f4nwbk3N68jfD5PYKmQwBecrGuFvv5M/05.png)

BEE is also showing an upwards trend. Somehow I think this token need a better tokenomics, especially if we want to further decentralize Hive Engine and make BEE an incentive for it.

# Overall trading volume

Here is the trading volume for the top 20 tokens cumulative. It’s not exactly the overall volume but its very close to it. 

 
![06.png](https://images.hive.blog/DQmVPQfMxRwxZQWUA9X2nJ9sQ1qfAjQ8CJQw3NJgPePDKVD/06.png)

A lot of the tokens are not clearly visible here, since their share is very small. 
But still we can make some conclusion from the above. 
We can see that STEEM has been a large part from the trading volume in the past, but has go down recently. Probably most of the Hivers dumped their STEEM already. 

DEC is dominant on the chart, and it the last period LEO has been taking a share. SIM, BEE, WEED and CPT follow. 


Here is the chart for the monthly volume. 

 
![07.png](https://images.hive.blog/DQmc84VPJHUNM2vurwML3HP3EP67wofVLhKdbTNznKygjVG/07.png)

June has seen a spike because of STEEM. A lot of STEEM trading/dumping has been happening in that period. 
September has 1.8M HIVE in trading volume, a 80% increase from August 1M. 

Next the rank of the Hive Engine tokens according to their trading volume. 


 
![08.png](https://images.hive.blog/DQmcLXw7pqdonF9KBPz2nRfr8tBKJXV4w94q6kbPcq3t6j1/08.png)

As already mentioned above, DEC is dominant with almost 3M in HIVE trading volume. STEEM is next with 1.65M, and LEO on the third place with 685k. SIM, BEE and BRO are next. The Splinterlands packs, BETA, UNTAMED, also have some nice volume. The Rising Stars game token STARBITS there as well. 

---

Overall we can see a nice candidates for further growth in the chart above 😊.


All the best
@dalz

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vote details (274)
@article.colector · 
how HIVE is best more then steem

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vote details (1)
@d-zero · 
It was awesome to have these informative charts at one place. I've been mainly trading DEC & SIM out of these :)

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@hivebuzz · 
Congratulations @dalz! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

<table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@dalz/upvotes.png?202010121849"></td><td>You distributed more than 45000 upvotes. Your next target is to reach 46000 upvotes.</td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@dalz) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>
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@lebah · 
The growth of value of coins or tokens depends on the project. The more progressove the developers the more valuable the tokens. As we know leo team are very active and progressive.

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@dalz · 
Yes ... its been #build #build #build
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@poshbot · 
https://twitter.com/Dalz19631657/status/1314647146344468480
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@revise.leo · 
I get the feeling people are desperate to be big fish in smaller ponds! 

I'm not convinced by any of the other non-game related tribe tokens other than spt, which I think could pump if it becomes tradable for in-game assets. 

Unless you can link the token to something other than Hive, which takes quite a lot of work, the value is ultimately just linked to the whims of Hive orcas/ whales. 

The other thing is I only really want to buy tokens I'm interested in! A lot of the stuff going on on Hive doesn't interest me! 



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vote details (1)
@dalz · 
Splinterlnads showed the way for games, and now we have a lot of them on Hive.
Leo is now showing the way for tribes, a lot will follow for sure. Like splinterlands most likley a lot of them will not be as successful as LEO. But there will be a moderate success. 

I'm wainting for new type of apps to emegrge as well, rater than gaming and bloging. 

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@revise.leo · 
I had hopes for actifit on that note, hasn't worked out so well!

I'm using duolingo atm to try and learn Portuguese - it has leaderboards, a couple of tokens you can use for different things, it's crying out for crypto-tokenisation! 

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@rezoanulv.leo ·
$0.02
Now all Hive Engine tokens show green sign - the price increasing. It is interesting to see what's going on. It will  definitley lead to a better future. Thank you @dalz for making this informative post.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@rezoanulv.leo/re-dalz-h2hxb)
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@dalz · 
Thanks! Yes, if one can do it, so the others. Maybe not at the same extent but still something.
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@saxx1304 · 
Good evening.  A good informative post, and most importantly graphics.  There is an opportunity to improve your little knowledge.  Many thanks.
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@dalz · 
You are welcome!
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@stefano.massari · 
Thanks for sharing this news. I think that this is a very good news.
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@taskmaster4450le · 
This aligns with the excitement regarding the layer 2 DApps.  Leofinance opened up the floodgates and showed people what is possible.  There are a number that are looking to duplicate what Leo is doing.

Always nice to see growth numbers regardless of where they come from.

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@dalz · 
Thanks!
Second layer apps are the future. As simple as that. A lot of iteration on the way there. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@dalz/re-taskmaster4450le-5dnxwh)
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