RE: $HIVE on COINBASE Burn Post

ALSO THIS:

Hive cryptocurrency ($HIVE), the native token of the Hive blockchain, is not currently listed on Coinbase as of September 2025. Based on the provided Coinbase listing standards and available data on Hive, its chances of being listed appear low in the near term (e.g., within the next 6-12 months), though not impossible if the project submits a strong application and demonstrates growth in key metrics. I'll break this down by Coinbase's evaluation categories, drawing from public data on Hive's attributes.

Legal Standards

Hive is a utility token for a decentralized social blockchain platform, forked from Steem in 2020. It enables content creation, voting, and dApp interactions without being structured as an investment contract under the Howey Test. There's no evidence it has been classified as a security by regulators like the SEC, similar to other utility-focused chains like Cosmos or Polkadot that Coinbase has listed. Hive complies with general crypto regulations in supported jurisdictions, with no major legal red flags (e.g., no ongoing lawsuits or sanctions). This category is a strength—Hive likely passes easily, assuming no hidden issues.

Compliance and Risk Mitigation Standards

• Token Distribution and On-Chain Activity: Hive's initial distribution was via an airdrop to Steem holders (excluding certain accounts tied to the original founder), promoting broad community ownership. It's inflationary with no fixed max supply, rewarding stakeholders through curation and witnessing. On-chain activity includes ~10,000-20,000 daily transactions (based on block explorer data from hiveblocks.com), driven by social dApps like PeakD and games like Splinterlands. However, activity is niche and not explosive, with limited DeFi integration.
• Centralized Control: Hive uses Delegated Proof of Stake (DPoS) with 20 elected witnesses, reducing single-point failure risks compared to more centralized projects. Governance via the Decentralized Hive Fund (DHF) involves stake-weighted voting, enhancing decentralization.
• Risks: Low exposure to financial crimes due to its social focus and transparent chain. No major hacks since launch, but the lack of prominently documented third-party audits (none mentioned on hive.io or developers.hive.io) could raise concerns during review.

Overall, Hive meets basic compliance but might need to provide more audit details to fully satisfy Coinbase's risk thresholds.

Technical Security Standards

• Code and Design: Hive is built on the Graphene framework (open-source, similar to Steem/EOS), with fast 3-second block times, zero gas fees, and scalability for social use cases. Source code is available on GitHub (github.com/openhive-network), and block explorers like hiveblocks.com exist. However, as a native blockchain (not ERC-20, SPL, or ARC-20), integration would require significant resources from Coinbase, potentially extending timelines to months.
• Consensus and Resilience: DPoS provides efficiency but has faced criticism for potential witness collusion (though Hive's fork was partly to address Steem's centralization issues). Network uptime is strong, with no major outages reported.
• Audits: No explicit mentions of recent third-party security audits in official docs or searches, which could be a hurdle—Coinbase prioritizes audited projects.

This is a moderate fit; the native chain aspect is a disadvantage compared to easier-to-integrate tokens on Ethereum or Solana layers.

Business and Prioritization Criteria

This is where Hive struggles most, as Coinbase weighs demand and viability heavily.

Category	Hive's Metrics (as of Sep 2025)	Assessment vs. Coinbase Priorities
Market Demand	Market cap: ~$98-115M (rank ~300-400 globally). 24h trading volume: ~$1.6-4M. Price: ~$0.20-0.25. Liquidity is thin, mostly on exchanges like Binance, Upbit, and Gate.io.	Low—Coinbase often lists assets with higher caps/volumes (e.g., $500M+ for mid-tier). Hive's liquidity might not meet "healthy" order book depth for phased launches.
Traction and Community	Active wallets: ~50,000-100,000 (estimated from on-chain data; exact holder count not publicly detailed, but Splinterlands alone has ~200,000 monthly users). TVL: Not tracked on DeFiLlama (implying negligible, < $10M if any, due to limited DeFi). On-chain activity: Moderate for social/gaming, but not viral. Social sentiment: Positive in niche communities (e.g., Hive bloggers), but low buzz on X (few posts about listings, mostly user pleas like "@coinbase should list Hive").	Mixed—Strong in dedicated ecosystems (e.g., Web3 social dApps), but lacks broad adoption. Holder base is decent but not massive compared to listed tokens like Chainlink (~1M+ holders).
Team and Distribution	Community-driven with no central team (founders from Steem era, now decentralized). Track record: Stable since 2020, with organic growth via dApps.	Neutral—Lacks a high-profile team, but fair distribution aligns with decentralization goals.
Technical Integration	Native blockchain, not on expedited networks like Ethereum/Base/Solana. Would need custom support.	Weak—This increases complexity and deprioritizes Hive vs. easier listings.

Hive's business case is weak due to modest scale. For context, recent Coinbase listings (e.g., smaller alts) often have 10x higher volume or hype. Pre-launch assets need even stronger signals, but Hive is established yet stagnant.

Application and Launch Process

There's no public evidence Hive has applied (no news, announcements, or X buzz indicating submission). If they haven't, chances are zero until they do—Coinbase's process is application-based. If applied, reviews could take weeks, but low prioritization metrics might lead to delays or rejection. Phased launches would test liquidity, where Hive's thin markets could falter.

Overall Chance Estimate

• Low (10-20% in the near term): Hive passes legal/compliance basics but falls short on business metrics, integration ease, and documented security. Without growth in volume/cap (e.g., via major dApp adoption) or a submitted application with audits, it's unlikely to rank high in Coinbase's queue. Community-driven projects like Hive have succeeded elsewhere (e.g., listed on Binance), but Coinbase favors high-demand assets. If Splinterlands or other Hive dApps gain traction, this could improve.
• Path to Improvement: Submit via coinbase.com/listings with audits, boost liquidity (e.g., via partnerships), and rally community for on-chain/social proof. Monitor @CoinbaseMarkets on X for hints.

This is an informed assessment based on public data; actual decisions depend on Coinbase's internal reviews.