Hedera’s DeFi Ecosystem Experiences 123% Growth in Native USDC Issuance

The Hedera blockchain network is experiencing a substantial expansion in its decentralized finance (DeFi) ecosystem. According to data from DeFiLlama, the amount of USDC stablecoin natively issued on the Hedera network has increased by 123.14% in the past month.

This significant growth represents an addition of $100.2 million in native USDC, bringing the total to $181.5 million. The substantial increase points to growing adoption and heightened activity within Hedera’s DeFi landscape.

Hedera’s Total Value Locked (TVL) is also going up. In just 24 hours, it grew by 0.83% to reach $91.54 million. TVL measures how many assets users have locked into DeFi protocols on Hedera. This steady increase shows growing trust in the network’s financial applications.

Hedera Token Shows DeFi Momentum with Surge in USDC and TVL

Allin Crypto highlighted on X that Hedera’s DeFi metrics are trending upward. They noted the $181.5 million in USDC natively issued on HBAR token, representing a 123.14% increase of $100.2 million over the past month. Allin Crypto also mentioned that Hedera’s TVL increased by 0.83% to $91.54 million in a 24-hour period, citing data from DeFiLlama.

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The growth in both native USDC and locked value shows Hedera token gaining traction. More users and developers seem to be choosing Hedera for blockchain financial apps.

As Hedera token keeps developing, these numbers help track how well it’s doing against other blockchain networks in the competitive DeFi space.

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The information provided on Web3parrot.com is for general informational purposes only and are opinions of the expert writers. They are not intended as financial, investment, or trading advice. Please do your own research and consult with a licensed financial advisor before making any financial decisions.

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  • Ifeoluwa is a skilled crypto writer and analyst, bringing over six years of experience in trading, media, publishing, and content creation. He conducts in-depth technical, fundamental, and on-chain price analyses. With years of hands-on experience, Ifeoluwa combines analytical expertise with a deep understanding of crypto market dynamics to deliver valuable insights and perspectives

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