A monthly look at how HBD is doing, using public Hive chain data. This is the first edition, covering September 2026 with a comparison to August.
1. Price vs $1
In September, HBD averaged $0.986, with a low of $0.969 and a high of $1.005. Its daily average was within 2% of $1 on 18 of 30 days (August: average $0.970, 5 of 31 days within 2%).
Price here is from trades on Hive's own HIVE/HBD market, valued at HIVE's USD price. That market traded 479k HBD in September, up from 340k in August.
2. Debt ratio
The debt ratio is HBD outside the treasury, valued at the feed price, as a share of HIVE supply plus that HBD. It went from 26.2% on Sep 1 to 21.0% at the end of the month (August 1: 27.2%). On 2026-10-22 it was 23.1%, with a feed price of $0.049 per HIVE.
3. Supply
Total HBD supply is 31.95M, and 23.22M of that sits in the treasury. HBD outside the treasury went from 8.89M on Sep 1 to 8.73M now.
4. Savings vs liquid
6.31M HBD (72%) of the HBD outside the treasury is in savings. This is the first snapshot, so next month will show the change.
The savings interest rate is 10% per year, the same as at the start of September.
Data: Hive chain via public API nodes and HafSQL, HIVE USD price from CoinGecko. Debt ratio is computed daily at 00:00 UTC. Numbers are rounded.
What would you like to see next month? Feedback and ideas for other chain reports are very welcome in the comments.