- The TVL of Hedera Blockchain network is currently at $23.3 million.
- The NFT collection, Hangry Barboons reached $2.1 Million in HBAR in the last 30 days.
- The price of the native HBAR tokens also saw an 11% increase to $0.0495.
According to the latest report by crypto intelligence products provider, Messari, the NFT market on the Hedera has shown a significant spike in total value locked-in(TVL) even as the crypto market continues to suffer.
During the third quarter, NFT active users (+90% QoQ) and transactions (+107% QoQ) each saw all-time highs. The TVL of the Proof-of-Stake (PoS) blockchain network Hedera is currently at $23.3 million. Most of its TVL comes from the liquid staking solution Stader.
The report also found DEXs SaucerSwap, HeliSWap, and Bubbleswap accounting for the remaining TVL. Hedera has witnessed a stable growth of 10–15% month-over-month when it comes to TVL.
The increase in Hedera’s TVL is due to multiple factors including the first decentralized exchange, SaucerSwap going live, and other NFT marketplaces increasing their NFT market share.
Apart from this, $360 million worth of funds from the HBAR foundation committed also helped Hedera’s cause. Thus, Hedera ended its third quarter with $100 million in TVL which was a 171% increase from QoQ. As per reports, one of the most successful collections on Hedera is the Hangry Barboons collection, which reached $2.1 Million in HBAR in the last 30 days.
Moreover, NFT collections like the Planck Epoch, Return Pass, and Gangsters Paradise have also seen good transaction volume. Gangsters Paradise: Lucchese Family saw a transaction of 1.6 Million in HBAR.
The price of the HBAR token has also shot up in the past week. It was trading at $0.044 and saw an 11% increase to $0.0495.
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