Coingecko Triggered The Hive Community
Another day, another tweet triggers the Hive community. Coingecko published a graphic on their Twitter titled - 15 most popular decentralized social media platforms in 2023. It shows average monthly unique visitors from January to April, 2023. It also shows 4 Hive powered Dapps - Hive Blog, Peakd & Ecency. At first glance, I was happy to see Hive getting a mention in supposedly one of the best crypto data aggregator platforms.
Then I realized that most of these platforms are controlled by centralized entities. By definition, they are not even considered web3 as you can see in the quick analysis posted by @lordbutterfly on @coingecko's tweet.
https://twitter.com/Lordbutterfly/status/1656260862942879746
He even went to great lengths and created a framework to formulate decentralization scores for social media platforms. You can check it here.
The source of data as mentioned in the graphic is Similar Web and Coingecko Research. I don't know what kind of research CG's team has done because it is clearly fucked up. 😂
First, in case of Hive they are using data from a website that is retired. Should be using hiveblocks.com as Hive blockchain explorer. Pretty sure they are fixing it as @eddiesppino has already tagged them to let them know.
https://twitter.com/eddiespino/status/1656398661482414080
Now I will take each platform one by one and tell you the reality behind them. :)
Odysee
Odysee is not decentralized since it is built on the LBRY blockchain created and operated by LBRY Inc. Something decentralized doesn't a have CEO or company that can be sued. And we all know about the SEC vs LBRY case.
Steemit
Steemit owned by JS is centralized af. We all know that. Justin Sun knows that. People using Steemit know that. Moreover, if you compare Peakd and Steemit, you will find that Steemit has a high bounce rate of 77.79%, pages viewed per visit is only 1.63, and the average visit duration is 01:13. In the case of Peakd the bounce rate is only 41%, pages viewed per visit is whopping 4.83, and average visit duration is 04:56.
Gab
Not Decentralized At All. xD
Mastadon
Even though it's open source and you can run your own server but you are at the mercy of your service provider. Not Decentralized.
Mirror
Mirror is not open source I guess but if it is then good. But it uses optimism for transactions. It's a legit platform and quite amazing for publishers who want to use web3 features. I love it. Deserves a place in this list.
DLive
Not Decentralized At All. xD Owned by Justin Sun.
Bluesky
Again a protocol that is supposed to be decentralized but built by a central entity Jack, ex-CEO of Twitter.
Minds
Minds started off well but slowly lost its popularity over the years. There is not much being built on it. It is open-source and decentralized.
Lenster
Lenster is built on Lens Protocol and is the baby of the Aave team. The aave team built the protocol on Polygon. It's quite new and slowly getting popular within crypto twitter.
MAIN Community
This is the first time I am checking out the Main Community. It's on BNB chain so centralized, but the app looks slick.
As you can see, we are still quite early in the web3 social space. Platforms calling them decentralized are actually centralized. There is still a lot of scope for improvement. The good thing is that Hive social ecosystem is far superior compared to any other. We are growing slowly but consistently and that is the most important thing.
LFG guys!
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Whoa, thanks for this info @finguru your post really made my day,just keep laughing some shit out of..... Well, like you said Hive is growing gradually and mind you we're moving to the mountain top.
Haha. Thanks bro. Glad I made you 😂
Yes, we are hiking that mountain together. LFG!
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There's one other problem with the list. Peakd Ecency, and Hiveblog are all the same place, just different frontends. If they were grouped together, our numbers would be much better.
This post has been manually curated by the VYB curation project
Almost all platforms listed are frontends. All frontends are centralized unless open sourced.
Thanks for the curation bro. Cheers!
Hopefully next time we will be in first place :) ...
My pleasure, keep up the great work 🙌
!PIZZA
I think we already are. Views don't mean shit. Quality of content and users matter too.
Agreed :) Unfortunately polls don't reflect those facts. But we know the truth 🙌
Honestly it's a great thing Hive is still a secret xD Great for us early adopters
Agreed :) The low price is helping too, but neither can last forever. And this growth will also present its own opportunities.
!PIZZA
Well at least it's still getting the recognition it deserves , and if the Hive token can pp then definitely we would be in profit .
LMAO. Yeah, it was great getting the word out there. But prices won't pump because of this. And such pumps would be of no good.
Well you think , cause it's listed on Binance exchange though
$PIZZA slices delivered:
@wrestlingdesires(6/15) tipped @finguru (x2)
I left my two cents on their tweet lol But it kind of shows you how bad we have been at marketing hive in general. I would also suspect that a vast majority of steemit are china or some other corrupt bs going on there now so the numbers might be right.
Yes. Our marketing has not been at par with current trends. Hopefully we will get there soon.
Btw majority of users on steemit are from Asia. Considering that, numbers aren't that crazy. Any sane person would puke on their homepage. The reason they are getting so many views is because of the content that was created in all those 6 years. Getting views via search engines.
Pretty sure hive.blog and peakd.com would crush steemit.com in another 5 years.
3.1 unique monthly visits for Steemit? Is this a joke... or simply fake? It's definitely hard to believe!
All those crazy views are from Asia and USA too. They are real numbers. But nothing crazy. Quality of users and content matters too.
The numbers by the coingecko team were definitely off. Glad Eddie Espino pointed it out for them. At least we made it to the list lol. Good rundown on what each of the mentioned platforms are, never heard a few of them before.
Yes ser. 4 hive apps in the list. We are doing something right xD