📊 #HBAR Messari. State of Hedera Q2 2024: (https://messari.io/report/state-of-hedera-q2-2024)
▪️ In Q2, Hedera experienced QoQ growth across many key metrics, including revenue in USD (+26%), revenue in HBAR (+19%), average daily transactions (+46%), and average daily created accounts (+31%);
▪️ HBAR’s circulating market cap decreased 29% QoQ to $2.7 billion;
▪️ Announced in May, the HBAR Foundation launched a DeFi TVL growth initiative. As a part of this initiative, 100 million HBAR was allocated to Hedera’s onchain DeFi economy;
▪️ Archax, a digital asset exchange protocol that utilizes Hedera, tokenized shares of the BlackRock ICS U.S. Treasury Fund.