One of the things I have noticed while scouring various blockchains and protocols is how vastly different a lot of them are from this one. Almost all blockchains have their selling points.
We have Ethereum whose selling points are their complex protocols and tech. Not very friendly to the average man, but then can a dream to the yield farmer and the developer. Though I'd say there's a lot of repetitiveness and a lot of the layer 2's there are not needed and seem like cashgrabs.
Then we have Solana which wants to be like ETH with the protocols, but they have a side attraction which has sort of taken over all the hype of the main thing. That is none other than Degen trading. Solana's main hype now is brought about by the fact that it is the degen chain. Every day people load up their sol wallets and scour the chain looking for the meme coin that would change their life or at least give them some good ROI. It is of course a very risky affair and entirely PVP, but everyone knows that and is willing to gamble. We have the likes of pump.fun which makes creating a token super easy, and as a result, we see thousands of tokens created and rugpulled every day. It is a casino over there.
Then recently we have the TON blockchain. Ton is still quite new but has established a strong foothold in the crypto space in such a short amount of time. It has various protocols and things, a similar blueprint with ETH and Solana, but its major selling point so far is in its gaming airdrops. Since it is integrated with Telegram, a very popular social media app which already has a lot of users, they simply push out their games to those users with the promise of rewards and so far that has been working. A lot of Telegram users don't even know anything about crypto, but they're willing to earn money for their attention and that has led to the increased popularity of both Ton and Telegram.
Most other blockchains are really just getting by compared to the three mentioned above, some more than the others.
Looking at these blockchains got me thinking about the hive blockchain, what exactly is our selling point? Writing blogs is what I was introduced to, the social aspect, but truth be told not a lot of people on the outside care too much about the reading and engaging with others. The only other major option at this point is the gaming aspect which is still very much a work in progress. We have the likes of splinterlands leading in that category. Other than splinterlands I'm not sure of any other games that have really stuck, to be honest. I was a bit hopeful for @holozing once upon a time, but not sure where that is headed at the moment. There's also a small room for yield farming with the APR of HBD, but even that was lowered recently. These thoughts made me realise how truly hive is still a work in progress, there's a lot of potential yet to be harnessed. I mean, our market cap is less than some random memes on Solana with no use case.
I do believe though that with more innovation over time we could see a lot more on hive.
THANKS FOR READING
Cover image by @doze
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