The Hedera network's TVL has reached a record high due to the proliferation of DEXs, according to latest HBAR crypto news.
Hedera profited from the launch of numerous other projects, including Zoop, Clout.art, Numbers & RoadCode, and many other businesses.
Hedera's Total Value Locked (TVL), which is based on its own exclusive Hashgraph technology, has recently increased and is now $127 billion. The majority of these events could be attributable to the rise in DeFi activity occurring on the network via DEXs like Saucerswap and Heliswap. Another exchange like this, Pangolin, has experienced a meteoric surge in both transaction volume and the quantity of assets locked on the platform.
The multichain decentralised digital asset exchange Pangolin, which describes itself as such, just announced that it has exceeded $8 million in TVL, $3 million of which occurred during the last four days. Defillama reports that Pangolin has increased by 6% over the last 24 hours and by a startling 170% over the last week.
Hedera's fundamentals have continued to show signs of progress following a strong third quarter. In addition to TVL, Hedera's transfer volume and transaction count also increased by 125% and 70% during the past three months. Along with them, Hedera benefited from the beginning of many additional initiatives, including Zoop, Clout.art, Numbers & RoadCode, and a lot of other firms.
The recent rise in the price of Hedera (HBAR), which has climbed by more than 85% in the previous ninety days, has been closely associated with all of these causes. A bullish trend for HBAR might start if central banks take a more dovish posture and no further black swan occurrences occur in the cryptocurrency sector.
A 28th member joining Hedera's governing council, which currently comprises significant businesses like Google, Boeing, LG, IBM, Dell, and others, would be a bullish development. In the same way that it did when the identities of previous council members were published, HBAR might certainly stage a rebound if yet another well-known name is revealed, surpassing its previous high and surging towards reaching a new peak price.
Hedera (HBAR) is now being traded at a price of $0.084 as things are. This suggests a decrease of 1.87% over the previous day, as opposed to a rise of 5.89% over the preceding seven days, according to CoinGabbar.