We are seeing a lot of social platforms getting launched by more and more companies in the hope that they can take the market share in Web3. Like we have seen SocialFi and now AAVE launched Lens Protocol. If we go through each of the platforms they are actually telling people that when on Web3 you own the content. But we know this because Hive is doing this for so many years its capability is much more than what this new platform can give us.

![image.png](https://i.imgur.com/guzqLkq.png)

We know practise makes man perfect and the same thing is applicable for the platform. When more and more people are actually on the platform and they give their positive feedback, we can say that the platform is improving. Yes, we have seen that Hive is evolved to become a pioneer in the Social Media Platform on the Web3. The Web3 people are hearing now, is actually being done by Hive for so many years so for us it is not new.

We all know that Hive is fast, scalable & feeless which makes it the right ecosystem for social media networks. And it's not that only one social media can platform can be there on Hive, there can be a lot of platforms that can develop using Hive as their underlying blockchain. So, we can say that Hive is actually as a whole the Web3 ecosystem and Hive has proved that time and again.

Just think where you get a 12% interest on the coins you earn, it is possible on Hive. HBD is a unique stable coin and when saved in savings you get 12% interest every day thus there is no lockin period, you can withdraw and get your HBD in just 3 days. When it is pegged, we can say that it is great for businesses if they want to integrate HBD as payment because there is no fee involved and its price always remains constant to $1.

Do not forget that we have 2nd Layer tokens and each token is meant for some use case, that means Hive is bigger than just the blogging network, you can do anything and everything on the platform and thus with all these features we can easily say that Hive is a true pioneer in the Social Media of Web3. Today or tomorrow people will believe its true capabilities and then at that time there is no stopping for Hive Blockchain to show the world why it is a pioneer.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@codingdefined/more-social-media-platform-on-web3-can-only-prove-hive-is-pioneer-in-it)