Hedera Network Activity Spikes as On-Chain Data Signals DeFi Growth
In recent sessions, Hedera’s on-chain activity has significantly increased. Data on network performance showed a consistent increase in consumption. This implies increasing traction that goes beyond transient market swings. This surge in activity was reflected in the token’s price movement. Consequently, HBAR recorded a daily gain of 4%.
According to the most current data, transactions per second on the testnet have just risen to 44. Three days prior, mainnet transactions per second had hit 100. When combined, these findings suggested that developer testing was increasing throughout the Hedera network. Additionally, they marked the beginning of decentralized finance activities.
Hedera Shows Healthy User Growth With Rising TVL and Participation
Hedera saw a sharp rise in the number of new accounts created in tandem with the increase in transactions per second. The number of new accounts increased dramatically during the past 24 hours. Actually, according to Daily Trend data, the number of new accounts increased to 2,620. Compared to the prior count of 1,515, this represents a 72.9% increase. More significantly, there were more transactions associated with these newly opened accounts. This implied that rather than just signing up and becoming inactive, new users were actively participating in the network.
Longer-term indicators maintained the same pattern. At the most recent reading, there were roughly 4.6 million HBAR holders overall, a number that has been rising steadily over time. Daily Network TVL, meanwhile, increased by 2% in a single day to $67.1 million. The prior reading was close to $65.8 million. These shifts indicated that funding for Hedera-based applications was still progressively coming in. This supports the general increase in on-chain participation.
HBAR Eyes Higher Targets as Network Fundamentals Improve
After reporting a modest 4% price increase, HBAR also became one of the day’s noteworthy winners. This action was in line with growing network involvement and improving on-chain usage data. The underlying statistics suggested more organic growth than speculative spikes, even though short-term price swings might still be erratic. The next upward challenge may be around $0.1452 if HBAR can break through the resistance level of $0.1161.
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