Crisis in the Hedera Network 🚨: The loss of $164 million threatens HBAR with a severe drop of 27%!
The Hedera Hashgraph network is experiencing tough days after losing over $164 million in liquidity in a short period, amidst a clear decline in the activity and supply of stablecoins. These developments have heightened fears that HBAR could drop by as much as 27% in the near future.
According to market data, the total value of stablecoins on the network has fallen from $214 million to just $50 million in just a few days! This is a strong indicator that trust and activities within the ecosystem have weakened significantly.
Since stablecoins are considered a key indicator of the health of any blockchain network, what is happening signals a clear decline in Hedera.
And the issues don’t stop there; even transaction fees on the network have decreased from around $4,000 in May to about $1,600 now. This is a second piece of evidence of reduced usage and interaction within the network.
Moreover, the total value locked (TVL) – which shows the amount of money reserved in decentralized applications – has dropped from $352 million to only $175 million.
All these declines put Hedera in a very difficult position, especially with the rapid development of second-tier decentralized networks that are pulling the rug out from under it. If there is no swift intervention and significant improvements, the situation may worsen in the coming period.
