So what you are saying is, in simple terms is that the Hive supply of 450m contains 41m belonging to the Dao. And you are presenting inflation figures comparing the conversion of the impact of Dao to HBD (equity to debt swap).

Hive is unique in that it has created itself a perpetual DAO debt instrument instead of having equity unlocks like other chains. However, by converting the equity to debt, you cannot include the DAO HBD part that you call "Hive Virtual Supply" in the market cap anymore, so why do you do it? It is a debt instrument. Instead you should be showing how the DAO HBD debt is now over 50% of the market cap, dwarfing the equity!!!!

So the 450m Hive is the Fully Diluted Market Cap and that 409m is the true market cap currently.

That means the debt limit and market cap are being even further massively understated.

When reading through your stats I am wondering why you are not using the correct terminology as it makes understanding your work more difficult. Instead you use phrases like regular/available supply. The correct terms are clearly defined by token aggregators for digital assets.