The rivalry between Steem and Hive, a result of a hard fork from Steem in March this year after a controversial takeover of the Steem blockchain network by TRON founder Justin Sun, continues as Splinterlands, an online collectible card game built originally on Steem announced its shift to Hive on June 2. This is a huge loss for Steem, considering that Splinterlands is ranked first in the gaming section by DappReview, an analytics platform that specializes in gaming dapps.
Citing a lack of transparency with changes to the Steem network, Splinterlands said that it is troubled by inadequate lead time for “testing and review” when changes occur. Officially, the team behind the popular game stressed that it is not siding with Hive over Steem, but other community members are of the opinion that the move is evidence enough of Splinterlands support for the new blockchain.
On June 5, Splinterlands also announced a new All-Time-High (ATH) in terms of market cap, hitting $4.7 million three days after the game shifted to the Hive network. According to Decrypt, Hive has benefited immensely from the shift as traffic on the network jumped by 16%.
While the number of transactions currently happening on Hive is only half that of Steem’s, considering that Hive has only been on the market for three months, its potential for growth is apparent. Ranked 76 on CoinMarketCap with a 24 hour trading volume of approximately $11 million USD and priced at $0.2647, Hive is staying ahead of Steem, trading at $0.2094 and showing a 24 hour trading volume of $3 million USD.