Hedera Network Hits 10B Transactions: HBAR Price Under Pressure
The transaction volume has skyrocketed by over 40X, crossing the impressive milestone of 10 billion transactions in just a few days.
This week, the Hedera blockchain celebrated a major achievement by surpassing the impressive milestone of 10 billion transactions. However, despite this momentous news, the native cryptocurrency HBAR appeared to lack the desired boost in excitement and activity.
The remarkable growth in Hedera’s network activity coincided with substantial increases in volume during both January and March. This influx of liquidity into the network had a positive impact on Hedera’s market capitalization, showcasing the market’s recognition of its potential and value.
Read More: https://www.cryptotimes.io/hedera-network-hits-10b-transactions-hbar-price-under-pressure/
A recent analysis conducted by Messari delved into the network activity of Hedera during Q1 2023. Notably, the quarter witnessed an astounding 170% surge in daily active addresses, representing the highest address growth ever recorded in Hedera’s history. Consequently, signaling the remarkable momentum and expansion of the network.
The transaction volume has skyrocketed by over 40X, crossing the impressive milestone of 10 billion transactions in just a few days.
This week, the Hedera blockchain celebrated a major achievement by surpassing the impressive milestone of 10 billion transactions. However, despite this momentous news, the native cryptocurrency HBAR appeared to lack the desired boost in excitement and activity.
The remarkable growth in Hedera’s network activity coincided with substantial increases in volume during both January and March. This influx of liquidity into the network had a positive impact on Hedera’s market capitalization, showcasing the market’s recognition of its potential and value.
Read More: https://www.cryptotimes.io/hedera-network-hits-10b-transactions-hbar-price-under-pressure/
A recent analysis conducted by Messari delved into the network activity of Hedera during Q1 2023. Notably, the quarter witnessed an astounding 170% surge in daily active addresses, representing the highest address growth ever recorded in Hedera’s history. Consequently, signaling the remarkable momentum and expansion of the network.
| 25,000 mlx | |
| 333 | |
| 3 |
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