Activity means value or, at least, it is what we can extract from the data we have.
Let's take BITCOIN.
BITCOIN today has a maximum capacity to carry out 4.6 transactions per second, that is, 397440 transactions per day.
If we look at the history in the past year (see below charts), the number of transactions seems to be related to the price of BITCOIN, it is obvious that the more operations that need to be done, the more demand for the medium of exchange, in this case BITCOIN.
However, a transaction does not have to be a single transfer operation, a transaction can contain several operations at the same time... that is where the Lightning network plays an important role since it encompasses multiple operations in the same transaction somehow.
Today, the number of transactions in the BITCOIN blockchain is around 278,000 per day according to https://blocktivity.info/, that is, 70% of its theoretical capacity, however, the number of operations according to the same website is about 710,000.
Now let's talk about HIVE
The number of transactions and operations in HIVE is an order of magnitude higher than that of BITCOIN, today we are talking about HIVE being able to manage 3 million operations a day without "disheveling" in the slightest.
Here we can also correlate operations and value, price, of HIVE:
Everything is limited to usability
As I said, the greater the use, the greater the number of operations and transactions, but also the greater the demand.
The Transactions versus Price correlation is closely linked and is important in order to evaluate future price projections.
The different improvements that have been implemented in BITCOIN, recently the TAPROOT, will greatly improve the usability of said blockchain and therefore the number of operations capable of handling.
HIVE, on the other hand, is a world apart, we have a blockchain ready to do any of the things that have already been specifically implemented in others.
HIVE's layer 2 is capable of integrating DeFi and games and NFT's in addition to any new projects that are devised in the future.
However, we need more developments and, above all, great marketing to put HIVE where it should be at the user level, not only at the Blogging level.
I have to say that while it is true that in the past I had my doubts regarding the future of HIVE, I think we have aged very well and what HIVE has shown is a resilience that many others are not capable of.
The key is to continue developing and offering products based on our blockchain.
It wouldn't hurt to delve into our success stories (Splinterlands for instance) and try to replicate them.
@toofasteddie