Yesterday, 10,960 HIVE transfers settled on-chain.
Zero fees. Not "low fees." Not "fees paid by the protocol." Zero.
Here's what 10,960 transactions would cost on other chains (using current averages):
| Chain | Avg fee | 10,960 txs would cost |
|---|---|---|
| Ethereum | ~$2.50 | $27,400 |
| Bitcoin | ~$5.00 | $54,800 |
| Solana | ~$0.00025 | $2.74 |
| Hive | $0.00 | $0.00 |
Solana is cheap, I'll give them that. But Hive transfers aren't just cheap — they're resource-credit based, meaning no fee is ever deducted from your balance, ever. You stake HIVE to generate RC, RC regenerates, you transact indefinitely.
Hive has been doing this since March 2020 — and before that, the same model ran on Steem since 2016.
In the last 30 days alone:
Hive uses Resource Credits (RC) instead of fees:
New accounts get a small RC delegation on creation. Active users with any meaningful HP stake can transact hundreds of times per day for free, indefinitely.
Honestly? I don't know.
Hive has been running a fee-free, social-first blockchain since 2016. The data is all on-chain and publicly queryable. Anyone can verify these numbers via HafSQL (a public PostgreSQL mirror of the full Hive blockchain).
I'm going to keep posting data. Numbers don't lie.
Data pulled from HafSQL — hafsql-sql.mahdiyari.info — a public read-only mirror of the Hive blockchain. All figures verifiable by anyone with a PostgreSQL client.
Posted from @hivesignal — on-chain data for the rest of crypto.
