The supply of a token on exchanges is a parameter that is usually closely monitored. The top coins, Bitcoin, Ethereum are especially closely monitored when it comes to the supply on exchanges. What about HIVE?
What is the share of the HIVE supply held on exchanges? What is the trend is it going up or down? How has deposited/withdraw the most? Let’s take a look!
Here we will be looking at the following:
- Net deposits VS withdrawals
- HIVE balance on exchanges
- Top accounts that deposited to exchanges
- Top accounts that withdraw from exchanges
- Top exchanges balance
- Upbit and Binance balance
Exchanges taken in the analysis: Upbit, Binance, Bithumb, Hive Engine, Huobi, Gate.io, MEXC, CoinEX, Indodax and Bitget. There are few more exchanges but the volume there is quite low.
Net Daily Deposits and Withdrawals from Exchanges
When we add the deposits and withdrawals on a daily basis the chart looks like this.
Note: Transfers between exchanges accounts are excluded from the data above.
The most noticeable moves here as well are back in 2021, when first there was a lot of withdrawals and then deposits to exchange. Since then, we ca see some spikes up and down, but much smaller moves. Most of the time there is more daily deposits then withdrawals. We can notice the recent spikes in January 2025 and then lower volumes again.
Monthly Net Deposits VS Withdrawals
When we add the deposits and withdrawals on a monthly basis the chart looks like this.
A clearer representation here.
Again, the volatility back from 2021 is noticeable here as well. This is because of the HBD movements at the time, when HBD increased to above its peg, and a lot of HIVE was withdrawn from exchanges and converted to HBD.
In the last period there is constantly more HIVE deposited to change each month, with a peak in January 2025, close to 5M HIVE deposited monthly. In the last months, May and June, there is around 1M deposited monthly.
HIVE Balance on Exchanges
What is the amount of HIVE on exchanges?
Here is the chart.
As we can see the overall HIVE balance on exchanges has been growing, with some dips along the way. The biggest dip happened back in September 2021, when there was a lot of HIVE converted to HBD due to the increase in the HBD price. A steady growth since then with occasional small dips.
The current supply for HIVE on exchanges is at 216M HIVE.
At the beginning of 2025 this number was at 202M meaning 14M HIVE was deposited to exchanges in the first half of 2025.
The yearly data looks like this:
| Year | HIVE to Exchanges |
|---|---|
| 2021 | -2,440,953 |
| 2022 | 15,324,520 |
| 2023 | 24,000,220 |
| 2024 | 38,984,092 |
| 2025 | 14,808,319 |
When we plot the balance on the exchanges against the total HIVE supply, we get this.
HIVE share on exchanges in percent %.
From the chart above we can say that the HIVE balance on exchanges has been growing both in absolute and in relative terms.
We are now at 45% of all the HIVE on exchanges and have been hovering around that spot for the whole of 2025. This is an all-time high when it comes to the share of HIVE on exchanges. At the beginning of 2024 the share was at 39%, so a 6% growth in the share of HIVE on exchange in 2024.
The top exchanges that hold HIVE are the following:
Upbit is absolutely dominant with 145M HIVE. On the second spot is Binance with 46M, followed by another Korean exchange Bithumb.
Upbit and Binance have been the major two exchanges for HIVE for years now. There has been some new listings recently but still not a significant amounts on those.
Upbit
When we take a closer look to Upbit we have this chart:
It has been growing in most of the period, especially back in 2021. In the last year there was a small decline in the amount of HIVE on Upbit, in the first half of 2024, then an increase agai, and it the very last month there is a dip again. A total of 145M HIVE is now on Upbit!
Binance
The Binance chart looks like this:
A more diverse trend here. An increase in the beginning, then a drop and somewhat side action in the last few years, up to 2023, when at the end of the year the and the beginning of 2024 the amount of HIVE on Biance started growing again with a spike towards the end of the year and the beginning of 2025 up to 50M, then a drop and again a recent spike just a weeks ago to 50M and back again to 46M where we are now.
It seems that since the introduction of Hive features on Binance the volatility has increased and there is more movements on tokens, especially between Binance and Upbit as the biggest pools.
Here is the chart for Upbit VS Binance:
At first, four years ago, these two were close, but then Upbit kept on growing while Binance dropped a bit. In the last period Upbit, both Upbit and Binance have kept growing with some volatility in between.
As mentioned in the six months, especiay since the introduction of Hive features, there seems to be higher volatility and more coins moved between these two, as we can notice at the end of the chart.
Still there is a big gap between these two, with close to 100M HIVE more on Upbit then Binance, a 145M to 46M. Upbit is a real risk for HIVE with the number of tokens there.
Top Accounts that Deposited to Exchanges in 2025
The last two months have seen some positive action. Here is the chart who deposited the most to exchanges. I have excluded exchanges to exchanges direct movements.
There seems to be new arbitrage accounts in the top, as some of the accounts move tokens around, just between different accounts and they show up here. This seems to be the case for the top three accounts.
Note that this is a net HIVE deposited to exchanges, with both, deposits and withdrawals taken into account.
Top Accounts that Withdrawn from Exchanges in 2025
Who has withdrawn the most funds from exchanges? Here is the chart.
Overall, from the above we can say that most of the accounts are some type of market makers that get into the list. Not a lot of regular community members that move large amounts around.
All the best
@dalz