HIVE has a projected inflation, but then conversions come in place and the realized is something different. We have seen in the last year or two a trend when the HIVE inflation was actually negative because HIVE was used to create HBD.
Here is a comparison for 2023 by the day.
We can see the realized is quite the ride :).
Up until Apr 15, the projected inflation is 6.8M, while the realized is 2.4M, or only 35% of the projected.
This is a case that HBD, and especially the 