At the moment, almost 2/3rds of the Hive is liquid, but even though it can't be used for much out there, it seems that powering up isn't attractive enough. I suspect that it is likely that a fair bit of it is being sold in order to get into the trading pools on eth and BSC etc, since the ROI is so high. Wouldn't it make sense to add capabilities for HIVE to be used, to give more reason for people to buy off exchanges?