Crypto NewsAltcoinCrypto Analytics Company Messari Releases a New Report on Hedera (HBAR), Fantom...

Crypto Analytics Company Messari Releases a New Report on Hedera (HBAR), Fantom (FTM) and BNB

Cryptocurrency analysis company Messari has published its latest reports containing important information about three popular altcoins.

Follow Bitcoin Sistemi Google News Button

Cryptocurrency analysis company Messari has published its quarterly report for Hedera (HBAR), Fantom (FTM) and BNB.

HBAR

Hedera's transaction volume increased for the sixth consecutive quarter, reaching a new record with an average of 164 million transactions per day. Hedera Consensus Service accounted for 99% of all transactions on the network.

HBAR's circulating market cap increased 78% from the previous quarter to $2.9 billion, outpacing the 54% growth of the overall crypto market. This Q4 growth brought HBAR's annual change to 211%.

Hedera's Total Value Locked (TVL) was $64 million. SaucerSwap's TVL increased from $27 million to $60 million (+123% from the previous quarter) and accounted for 95% of the network's total TVL. The Hedera Council allocated 4.86 billion HBAR ($400 million) to develop the Hedera network.

Hedera continued to invest in the EVM space. Major releases include the JSON-RPC codebase, Metamask support, integration with Validation Cloud, the Stablecoin Studio toolset, and the introduction of HIP-729 to improve contract creation.

Related News  Santiment Names Four Altcoins: "Cryptocurrency Community Should Pay Attention To These"

FTM

The circulating market value of FTM increased by 140% compared to the previous quarter, reaching 1.3 billion dollars. FTM outperformed the total cryptocurrency market cap in Q4. Revenue increased 63% YoY in Q4 due to the introduction of Fantom Inscription FRC-20s. Daily revenue reached an all-time high on November 23, 2023.

The Phantom Sonic developers testnet launched in December. DeFi TVL increased by 58% from the previous quarter to $81 million. The increase is attributed to both FTM price increases and the popularity of new dApps such as Equalizer Exchange and WigoSwap. The first distribution of the Ecosystem Vault took place in October, and a total of 750,000 FTMs were distributed to 12 different projects.

Related News  Is China Loosening Cryptocurrency Bans? Ministry of Industry and Information Technologies Made a Statement!

BNB

BNB Smart Chain (BSC) performed 32 million transactions in one day and 4.6 million average daily transactions in the fourth quarter of 2023, recording an increase of 30% compared to the previous quarter and 35% compared to the same period of the previous year. While BSC increased its revenue by 27% compared to the previous quarter, it also increased its market value by 48% compared to the previous quarter.

The number of active validators on BSC increased from 32 to 40, an increase of 25% from the previous quarter and 54% from the previous year. This growth was supported by the implementation of BEP-131 and BEP-159. Venus Protocol overtook PancakeSwap in DeFi TVL share on BSC, accounting for 39% of the total share; PancakeSwap accounted for 37%.

*This is not investment advice.



Buradaki Yorumlardan Bildirim Al
Bildir
guest

0 Comments
Latest
The oldest Top Rated
Inline Feedbacks
View all comments

Popular Posts of the Week