Hedera Transaction Volume Blasts Off by 40x in Q1, Boosted by Pangolin DEX
Hedera saw massive growth in Q1 2023, with transaction volumes growing 40 times. TVL also saw a sizable increase of 52%.
The Hedera network experienced a massive increase of 40x quarter-over-quarter in the first quarter of 2023, according to a Messari report published on April 30.
Hedera Gathering Momentum
The total number of transactions actually grew by a factor of 40, with average daily transactions amounting to roughly 40 million.
The transaction volume growth was the standout metric in the report, though Hedera also showed impressive performance in other areas of growth. The number of average daily users grew by about 350% quarter-over-quarter, and the number of new accounts created increased by 170%.
Read More: https://beincrypto.com/hedera-transaction-volume-40x-q1-pangolin-dex/
Hedera saw massive growth in Q1 2023, with transaction volumes growing 40 times. TVL also saw a sizable increase of 52%.
The Hedera network experienced a massive increase of 40x quarter-over-quarter in the first quarter of 2023, according to a Messari report published on April 30.
Hedera Gathering Momentum
The total number of transactions actually grew by a factor of 40, with average daily transactions amounting to roughly 40 million.
The transaction volume growth was the standout metric in the report, though Hedera also showed impressive performance in other areas of growth. The number of average daily users grew by about 350% quarter-over-quarter, and the number of new accounts created increased by 170%.
Read More: https://beincrypto.com/hedera-transaction-volume-40x-q1-pangolin-dex/
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