HYVE Price

HYVE is a decentralized cryptocurrency and ecosystem designed to revolutionize the global freelance and labor market. Launched in October 2020, HYVE operates on the Ethereum blockchain and aims to solve issues in the current gig economy by leveraging decentralized technology. Key features of HYVE include: 1. Community-managed system that reduces costs for all participants 2. Increased flexibility and removal of intermediaries 3. Accessibility for unbanked individuals 4. Decentralized operations ensuring transparency and security 5. Rewards for token holders As of 2025-08-05, HYVE is ranked #3657 among cryptocurrencies with a current price of $0.005936. It has experienced a 24-hour change of -0.03% and a trading volume of $82.76K. The circulating supply is 74.67M HYVE HYVE tokens, with a total supply cap of 100M HYVE HYVE. HYVE has shown significant price movements since its launch, reaching an all-time high of $0.7568 on October 15, 2021, and an all-time low of $0.005497 on April 7, 2025. The project continues to develop its ecosystem, focusing on creating a more efficient and accessible global labor market through blockchain technology.

HYVE was created on October 26, 2020. The cryptocurrency was launched as part of the HYVE ecosystem, which aims to revolutionize the global freelance and labor market through decentralized technology. Since its inception, HYVE has been operating on the Ethereum blockchain platform, utilizing smart contracts to enable its various functionalities. The project's goal is to create a community-managed system that reduces costs, increases flexibility, and ensures transparency in the gig economy. As of 2025-08-05, HYVE has a circulating supply of 74.67M HYVE tokens and is actively traded on multiple cryptocurrency exchanges.

The founders of HYVE are Tudor Stomff and Stefan Ionescu. They established the project in 2020 with the goal of creating a decentralized ecosystem to address challenges in the global freelance and labor market. Tudor Stomff serves as the CEO, while Stefan Ionescu is the CTO. Both founders have backgrounds in technology and entrepreneurship, which they leveraged to develop HYVE's innovative platform combining blockchain technology with freelance marketplaces. Their vision was to build a community-managed system that reduces costs, increases flexibility, and improves transparency for all participants in the gig economy.

HYVE works as a decentralized ecosystem for the global freelance and labor market. It utilizes blockchain technology to create a community-managed system that reduces costs, increases flexibility, and removes intermediaries. Key features include: 1. Decentralized operations: All transactions and processes occur on the blockchain, ensuring transparency and security. 2. Token utility: HYVE tokens are used for payments, governance, and staking within the ecosystem. 3. Smart contracts: Automate agreements between employers and freelancers, reducing disputes and increasing efficiency. 4. Reward system: Token holders can earn rewards for participating in the network. 5. Cross-chain compatibility: HYVE operates on multiple blockchains, including Ethereum, BNB Chain, Polygon, and Fantom. 6. Governance: Token holders can participate in decision-making for the platform's development. The current price of HYVE is $0.005936, with a 24-hour trading volume of $82.76K. The total supply is 100M HYVE tokens, with 74.67M HYVE in circulation. HYVE aims to revolutionize the freelance industry by leveraging blockchain technology to create a more efficient, transparent, and accessible global labor market.

HYVE is built on a decentralized architecture leveraging blockchain technology. It utilizes smart contracts on the Ethereum network as its primary infrastructure. The technical architecture includes: 1. Ethereum-based ERC-20 token: HYVE is an ERC-20 compliant token on the Ethereum blockchain. 2. Smart contracts: These govern token distribution, staking, and governance functions. 3. Cross-chain interoperability: HYVE has implemented bridges to other networks like Polygon, Fantom, and BNB Chain for enhanced scalability and accessibility. 4. Decentralized governance: Token holders can participate in decision-making through a DAO structure. 5. Off-chain data storage: IPFS is used for storing larger datasets off-chain while maintaining decentralization. 6. Layer 2 scaling: Integration with Layer 2 solutions to improve transaction speed and reduce costs. This architecture enables HYVE to function as a decentralized ecosystem for freelancers and the global labor market, providing transparency, security, and efficiency without intermediaries.

HYVE has an ambitious roadmap for the future, focusing on expanding its decentralized ecosystem for freelancers and the global labor market. Key milestones include: 2025: Enhancing the platform's features and user experience, growing the community, and increasing adoption. 2026: Launching new tools for task management and reputation systems, expanding to more blockchain networks. 2027: Implementing AI-powered job matching and automated dispute resolution mechanisms. 2030: Becoming a leading decentralized workforce platform with millions of users globally. The HYVE token is expected to play a crucial role in the ecosystem's growth, with potential price projections as follows: 2026: $0.006771 2030: $0.009292 2035: -- These projections are based on the platform's continued development, increased adoption, and overall market conditions. The team is committed to building a robust, decentralized solution for the future of work, which could drive significant value for the HYVE token in the long term.