NFT Volume on Hedera Blockchain Shoots up Even as Market Suffers

• 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.

NFT Volume on Hedera Blockchain Shoots up Even as Market Suffers appeared first on Coin Edition.