Hive's Quest For 1 Million Monthly Active Users

in #hive-1679222 years ago

Hive is very small right now in terms of its user base. While we talk a great deal about community, the reality is we are nothing more than a drop in the bucket. When it comes to finance, social media, or gaming, the numbers are mentioned in millions. Hive counts in the thousands.

That said, we are a work in progress. The last week was very exciting for me as the potential is starting to be realized. Much of this is still based upon plans/discussions yet there is a lot of insight into what is coming.

Of course, for "Hive" to focus upon growing the userbase is pretty foolish. This is not what will attract people. Nobody on the outside gives a hoot about Hive. Instead, they care about what is of interest to them.

In this article we will discuss how a number of projects appear to be taking the baton and running with it.

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1 Million Monthly Active Users (MAU)

Can you imagine what Hive will look like with this many users? Here is where many of the projects put forth start to make sense. The number of transactions taking place will be astounding. My view is very simple: more transactions equals great value.

A user base of this size will grow the amount of activity by orders of magnitude compared to where it is now.

The jump from tens of thousands a month to a million is quite large. However, it is not as great as we think. Exponentiality shows how this is really not that difficult. At the same time, we can look at the viral nature of things in the digital world to conclude how it can happen rapidly.

That does not mean, of course, that we are going to see a quick growth spurt. We might be in the phase where we trudge for a while longer. Nevertheless, we can see how things are getting closer. Much of the work that was done over the last couple of years is beginning to show much greater promise.

Applications Starting To Move To The Forefront

It was a week where there was insight into a number of applications that can provide us with some advancement.

Here is a brief list of projects that are taking major steps forwards:

  • LeoThreads
  • DBuzz
  • PsyberX
  • Liketu
  • SpkNetwork

All of these will be emerging with major iterations over the next 90 days. Here is where we see the convergence of the ecosystem starting to assert itself. We started at such a low level in terms of what was developed that advancement was often like painting a room on a cruise ship. The impact simply wasn't that noticeable.

That could be changing. One of the keys is we are making headway in the onboarding process. A few of these projects are working on ways to allow people to immediately us the applications. Some are even looking to integrate not only traditional social media but also Ethereum and Bitcoin accounts.

It will be a major step forward.

One thing the time allowed is for a lot of accounts to be claimed. We haven't seen a ton of sign ups yet applications and large stakeholders were claiming all along. This means we have a lot more accounts ready as compared to a year ago.

We can often fall victim to talking in tens of millions of users (or billions). The social media world is know for these type of numbers. On Hive, however, if we have 1 million monthly active users, we will see an ecosystem that is thriving.

Applications And Games Driving The Show

Listening to the latest broadcast of CTT, it was learned that PsyberX is going to use the token and NFTs from that game in a number of others. They are already planned. At the same time, there is a DEX that is being established to swap these. The goal is to tie as much of this to Hive as possible.

It is a concept that Ragnarok is already working on. The in-game assets for it are going to be utilized in other games. This is bringing a new concept to gaming.

One of the ideas that PsyberX has is to bring a card game to Hive, similar to Splinterlands. Again, this one will be tied to existing NFTs, providing a built-in users.

The goal from this team is to bring in 1 million users. While that would fill the target stated in this article, we will settle for 100K.

LeoThreads was released with a new UI. This appears to have gone over well providing users with a Twitter-like feel. We know this social media giant has a few hundred million monthly users. Pulling a sliver of that over to Hive would serve us well.

Finally, Liketu is gearing up for a major push, probably around the end of the 90 day period cited. They have over 20K accounts ready to put into use. This might not sound like a lot yet considering where we are sitting now, that would bring a lot of activity.

These is just a sampling of what is taking place. There are other projects working equally as hard yet publicizing it. Over the last year, we saw more things "just appear" on Hive. That means we are seeing an expansion without people really knowing about it.

Sucre - Cuba - Nigeria

The final point we have to make is regarding the financial aspect of Hive. This is something we overlook since the existence of the chain is social media centered. However, as my writing over the past couple years shows, there is enormous potential with payments and a host of other financial options.

At present we have areas that are hit with currency issues along with economic problems. It is no surprise they often go hand-in-hand. Either way, Hive can provide a solution.

The Hive group in Sucre, Venezuela is showing the potential. They are small right now but the Hive Backed Dollar is starting to push its way forward. We now have 13 stores that accept the Hive coins as payment on goods and services. That is not a huge number but it is a start.

What is important here is what HBD is doing for these people. It allows them to escape the Bolivar and gain access to the USD as a unit of account. This is of tremendous importance when dealing with countries of this nation that get severely hit with a rising USD.

Here again, the idea of exponential growth can take place. We are looking at a payment system arising which means greater impact on the users there. Merchants find a number of benefits to accepting HBD while the customers can operate digitally. None of this is interacting with the existing banks.

If this concept spreads, could there be thousands paying for goods and services in that area? It is not an outlandish thought. Local currencies have often excelled. The difference here is that HBD is a global currency which can be established locally.

In Conclusion

We are seeing a lot of green sprouts.

The last few years were a grind. This is simply as things are. We have to proceed slowly for a while before things explode. When will that happen? The answer is still elusive.

That said, if the conversations I was privy to this week alone are any indication, we are not that far away. It is time to get really excited about Hive.

Some of these applications and games are making major progress. Over the next few months, they will be gearing up for another step forward.

Collectively, this can have a major impact upon Hive.


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Good summarized. cheers

Imagine having 1m users for threads, splinterlands, and psyberx etc it will be massive because all these application will be trasacting in hive

Posted Using LeoFinance Beta

That is exciting to think about.

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We can also add Genesis League Sports. Genesis League Goals are already on the way. Football is a popular game that can bring thousands of people to Hive. There are plans to add other sport leagues as well.

It feels me good when I hear someone to praise hive.Thanks for this positive writing Taskmaster.Your task has found its destination.

1M regular user! It must be realise soon.Good luck to us.



The rewards earned on this comment will go directly to the people( @taskmaster4450le, @shiftrox, @wilsonthe ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

It's exciting to see that the Hive ecosystem is starting to show promise! While it's true that we're currently a small drop in the bucket compared to other social media and gaming platforms, the potential is huge.

This is exactly what we need. I just hope that this gets realized soon. The technology we have is amazing, it's how Hive is being marketed and the blockchain is managed by the top witnesses.

We have a lot going for us. The applications are going to keep advancing and, hopefully, bringing in a lot of users.

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If I will be very honest we are lagging behind. We have a 6-year history of this chain yet only Splinterlands managed to get worldwide attention.

I always wonder if Hive will ever support smart contracts natively. Would that be possible?

It will be on second layer, sidechains.

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I think it's fantastic to set such a high target for the number of monthly active users. It's clear that there's a lot of enthusiasm and passion for the platform from within the platform that could spread out, and I believe that with continued effort and collaboration, Hive can definitely achieve this goal. I'm excited to see where this effort goes, and I'm rooting for Hive's success!

Yes a high target is needed. There is so much potential with Hive. We want to see how much things can grow.

The next few months should give us some insight.

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Can you imagine what Hive will look like with this many users?

Here's a thought:

1M MAU x 500 HP (on average) per user = 500 million HIVE. Since that much HIVE doesn't exist, it would put buy pressure on HIVE. People would want to convert HBD to HIVE and drive the price up to $8 and HIVE a protocol with a $4 Billion market cap

There is a lot of logic to what you say.

Of course, there is the RC need that also is tied to it.

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This was a good sign for hive users

Great Hiveans

now if someone would create simple app with only the function of being an on-ramp and off-ramp into HBD.

Start a registered business, that allows payments with credit cards/debit cards/PayPal with KYC.

And a completely separate one with a different business that does the same thing, but without KYC, that uses mixers, privacy coins etc.

Que bueno saber que Hive sigue creciendo y estamos en una plataforma de futuro, me alegra de verdad y quiero estar informado de todo lo que pasa y ofrece hive, así como sus nuevos proyectos y propuestas, muchas gracias por tu información muy bien explicada y justificado, gracias 👍

How many active users are there currently? Is there a website that shows the stats of hive users, activity, etc?

@arcange posts HIVE stats quite regularly here.

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Besides that I found this post extremely exciting and educational I Listened to it. Instead of reading it.
Awesome fracking sauce 😎

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Thank you so much for sharing your thoughts and experiences in your recent blog post. I can totally relate to the feeling of being overwhelmed by the endless stream of news and information coming at us every day. It can be difficult to know how to filter it all and maintain a healthy balance.

Your suggestions for taking a more intentional approach to media consumption are spot on. I particularly appreciate the idea of focusing on quality over quantity and making time for other activities that bring us joy and fulfillment. It's all about finding the right balance that works for us as individuals.

Thank you again for sharing your insights and offering some practical tips for navigating the digital age. Your words are truly appreciated and have given me some great ideas to try out myself.