DEC Outlook Across All Chains (Hive/ETH/BNB)

With all the hype and success so far from 'The Great Burning' event from @Splinterlands, I thought it would be good to get a realistic picture of how much DEC there is out in the ecosystem - specifically what is not on Hive.

The TLDR - about 6.2 billion.

So yes, we still have a good way to go.

The good news is that 2 days into the event we have already burned 300M DEC and are close to 4.8B tokens on Hive. I don't think the burning can continue at this torrid pace, but if we can burn a couple hundred million more that would great considering that land 1.5 is not even out yet.

When looking at the other chains, right now I am seeing almost 500M circulating on ETH and another 820M on BNB (including LPs). That is what gets us above the 6.2B market when you consider the entire economy cross-chain.

Most utility for DEC is on Hive, as the only real utility is on ETH or BNB is to provide liquidity and with SPS so low in value that APR isn't as appealing as it has been in the past. Unless we can get SPS to start moving upward, there really isn't any major incentive to bridge out to the other chains for the purpose of LPs as Hive offers decent options (although I do admit I like the stable coin pairings).

Ultimately, I think it will take land 1.5 (or maybe 1.6 or 1.7) for the full demand of DEC to actually hit the marketplace. DEC is still struggling to even keep 85% of it's peg value so you can see that much of the extra supply on and off of Hive is being used to drive the price down. We will need long term holders or those who want to burn or stake on land to buy that excess up from traders and whittle down the overall liquid supply. Let's hope we get land 1.5 soon!