• HBAR’s volume spiked by 100% as stocks rose, representing the highest it has been in four months.
• The market capitalization for HBAR increased by more than threefold in the last day.
• The Hedera Network has seen 40 million transactions processed, with an average of 469.7 TPS and a maximum of 6,856 TPS, as well as 26,000 smart contracts deployed, with a current TVL of $39.39.
The cryptocurrency Hedera [HBAR] has been seeing a significant increase in its volume and market capitalization recently, with a 100% increase in volume as stocks rose and its market capitalization increasing by more than threefold in the last day. This represents its highest in four months, and has caused a stir in the cryptocurrency world.
The Hedera Network has been the centre of activity for HBAR, with 40 million transactions processed to date, and an average of 469.7 transactions per second (TPS) and a maximum of 6,856 TPS. Moreover, there have been 26,000 smart contracts deployed, with a current TVL of $39.39. This shows that the network is continuing to grow, and that there is a lot of potential for HBAR.
The on-chain measures of the Hedera Network have been steadily rising, and this has been reflected in the increasing value of HBAR. The increasing volume and market capitalization have been a testament to the power of the network, and its ability to handle large amounts of transactions and data.
The increase in the value of HBAR has been a boon to investors, as it represents a higher return on their investment. Moreover, the increase in the network’s size and capability means that there is more potential for future growth.
The recent spectacular rally of HBAR is just the beginning of what looks to be an exciting journey for the cryptocurrency. As the network continues to grow and expand, it is likely that its price will follow suit. With the potential for increased returns and further expansion, the future of HBAR is looking very bright indeed.