One of the most common debates on Hive is simple:👉 Do users drive price—or does price drive users?

By makorirobinson on Skatehive

To move beyond speculation, I ran a Granger causality analysis on daily data (after confirming stationarity using Augmented Dickey-Fuller tests), testing lags from 1 to 21 days across: The full dataset (2016–2024) The Steem era The Hive era ⚖️ What the Data Shows The relationship is bidirectional—but not equal. 🔼 Price → User Activity (Strong & Immediate) Highly significant (p