53% Liquidity Leak Burns HBAR: Is Hedera’s DeFi Evaporating?

As Hedera’s native HBAR coin just crumbled 7.38%, a bigger issue is detected by the on-chain sleuths on the network’s liquidity. According to DefiLlama’s blockchain explorer, the Distributed Ledger Technology (DLT) employing HBAR Network saw a stupendous 53.39% drop in its stablecoin market, signaling an uncanny bearish shift as crypto markets bleed out on Monday. After this on-chain liquidity flop, there’s currently just over $69 million in stablecoin liquidity, with the vast majority of it dominated by Circle USD (USDC). Zooming out, the total value locked (TVL) on Hedera’s native chain took a softer blow, dropping 9.72% of its

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