Hivemapper
HONEYThe full report. Score, pillars, arithmetic, risk, scenario, signal and notes.
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About Hivemapper
Analysis of 29 May 2026Hivemapper operates the largest decentralized street-level mapping network, built on Solana, where contributors install 4K dashcams (Bee devices) to collect real-time road imagery and earn HONEY tokens as rewards. As of May 2026, the network has mapped over 750 million kilometers covering approximately 37% of global roads across 90+ countries, with 22 million unique kilometers of road data.
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Enterprise clients including Volkswagen ADMT (autonomous driving), Lyft (2M+ drivers), and HERE (automotive mapping provider) access the data through Bee Maps APIs by burning HONEY tokens, with 75% of consumed tokens permanently destroyed and 25% re-minted as contributor rewards. Founded in 2015 by Ariel Seidman (former Yahoo Maps Director of Product) and backed by $32M in funding led by Pantera Capital and Multicoin Capital, the project launched its Beemaps MCP in January 2026 enabling AI agents to query road intelligence via natural language.
Trading at approximately $0.0018 with a $10.7M market cap ranked around #1180, HONEY is down 99.5% from its December 2023 all-time high of $0.376, with a circulating supply of 5.83B against a 10B maximum. The Foundation committed 10M HONEY in coverage incentives through June 2026, and region-based staking (MIP-25) launched in November 2025 to reduce circulating supply and align contributor incentives with geographic demand.