{
  "url": "https://blockindex.ai/coin/hive",
  "name": "Hive",
  "links": {
    "github": "https://github.com/stoodkev/hive-keychain",
    "website": "https://hive.io/",
    "whitepaper": null
  },
  "dScore": 53,
  "market": {
    "priceUsd": 0.04862842990686439,
    "marketCapUsd": 27074952.531704538,
    "volume24hUsd": 2508612.42532017,
    "priceChange7dPct": -3.58941232,
    "priceChange24hPct": -2.61005924
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": null,
    "circulating": 556772089.569,
    "circulatingPct": null
  },
  "ticker": "HIVE",
  "founder": "Community hard fork of Steem (no single named founder)",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:22.027106+00:00",
  "fairLaunch": false,
  "launchYear": 2020,
  "description": "Hive is a community-driven, open-source Layer-1 blockchain purpose-built for social applications, content monetization and developer-friendly on-chain experiences. Born in March 2020 as a hard fork of the Steem blockchain, Hive was created by an active user community in response to centralization concerns and governance disputes. From its inception the project emphasized decentralized governance, censorship resistance and a permissionless model that places content creators and curators at the center of its economic design. Hive’s native economy features two complementary tokens: HIVE, the native utility and governance token, and HBD (Hive Backed Dollars), a USD-pegged instrument intended to provide stable purchasing power within the ecosystem. The chain positions itself for low-latency interactions, near-instant finality for user actions and practical tooling for developers and dApp teams.\n\nTechnically, Hive follows a Delegated Proof-of-Stake (DPoS) consensus model where stakeholders elect witnesses who produce blocks on a rotating schedule. Official materials and community documentation describe roughly 20 elected witnesses responsible for block production, resulting in block cadence on the order of ~3 seconds and a design optimized for high throughput social workloads and low per-action friction. Hive’s architecture preserves an account-based model (not UTXO) inherited from its Steem lineage, and the project’s road-forward emphasizes a backbone Layer-1 with complementary Layer-2 sidechains to handle specialized storage, scaling or application-specific demands. The codebase and many client tools are open source; the ecosystem includes multiple client repositories (Condenser, Vessel), browser-based key management (Hive Keychain) and integrations for hardware wallets such as Ledger.\n\nOn the application and ecosystem side, Hive targets on-chain social functionality: content publishing, curation and micro-payments are built into the protocol’s economic model, enabling creators to receive issuance directly based on engagement and stakeholder curation. Over time the ecosystem has accumulated a sizable set of dApps and communities with notable front-ends and gaming projects such as Splinterlands, PeakD and Ecency frequently cited in community materials. The Decentralized Hive Fund (DHF) serves as a protocol treasury enabling community-directed grants, bounties and project development; DHF proposals and community funding are core components of how the ecosystem grows and funds contributors. The project’s design intentionally subsidizes content creators and curators: token issuance rules allocate a majority portion of new HIVE to those participants, with additional shares going to stakers, witnesses and the DHF to sustain network growth.\n\nFrom a monetary and economic perspective Hive is inflationary rather than hard-capped; official tokenomics excerpts assign issuance fractions (commonly cited breakdowns indicate roughly 65% to content producers and curators, 15% to HP stakers, 10% to witnesses and 10% to the DHF). Circulating supply figures extracted from market data show on the order of ~507.45M HIVE in circulation in the provided excerpts. The chain’s governance is explicitly on-chain and stakeholder-driven: token-weighted/stake-weighted voting elects witnesses and controls the DHF spend, creating a community-led policy process rather than top-down corporate governance. Where governance levers exist, the community has historically exercised them actively—this community control and the fork origin story are central to Hive’s identity.\n\nOperationally and in terms of risk, the provided datasets do not document major security incidents, network halts, or formal regulator enforcement actions; chain freeze history and an authoritative full-node count were not available in the supplied material. Market coverage is broad: Hive is tracked by major aggregators (CoinMarketCap, CoinGecko, CryptoCompare) and is listed on numerous centralized exchanges, and the ecosystem provides multiple explorers and developer resources (developers.hive.io, explore.openhive.network). Gaps in the supplied material include exact launch day, detailed node counts, per-block technical metrics like cumulative blocks or chain size, and explicit figures for pre-issued percentages (PIP) — these items were absent in the provided sources and flagged as unknown in the field extraction notes. Nevertheless, Hive’s positioning as a social-first Layer-1 with DPoS governance, a dual-token economy and an active community treasury creates a distinct value proposition for on-chain content and social-native applications.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 1",
    "isToken": false,
    "consensus": "DPoS",
    "parentChain": null
  },
  "dScoreComponents": {
    "autonomy": 5,
    "ageHistory": 13,
    "governance": 25,
    "nodeDistribution": 10,
    "initialDistribution": 0
  },
  "decentralizationVerdict": "Moderately Decentralized"
}