I'm curently working on HIVE on exhcnages report and I have noticed that the amount of HIVE on Hive Engine has dropped.
Here is the chart.
This is both, Hive Powered and liquid HIVE.
We can see this happened at the begining on January 2025. I looked into the transactions from HE and the biggest one are these:
The first conclusion is this is a it is stated in the memos ... users are making loans from HE then depositing them on Binance and farm the fudning rate on futures that have been recenlty listed for HIVE and there was high APR, more than 50% at some point.
Totaly dont want to FUD Hive Engine, also cant realy tell whos funds are these, are they users funds, or maybe company funds, Splinterlands funds? etc ... Maybe they are under custody of Hive Engine... just wanted the wider community to be awere and maybe also the team behind HE give more clarity what is happening here, and whos funds are being lend out.