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Hedera HBAR Soars 43% in Q3 Amid Network Growth and Institutional Demand
Hedera HBAR Soars 43% in Q3 Amid Network Growth and Institutional Demand
Hedera HBAR News -
Hedera's HBAR token recorded a 43.3% surge in market capitalization quarter-over-quarter, hitting $9.1 billion despite maintaining a stable circulating supply of 42.4 billion tokens. The price rally from $0.15 to $0.21 underscores renewed institutional confidence and increased trading volume.
Network upgrades delivered efficiency improvements, while daily new account creation skyrocketed 178%. Transaction fees denominated in HBAR saw a modest 3.2% increase, but dollar-equivalent fees jumped 39.2% due to the token's appreciation.
The Smart Contract Service remained Hedera's revenue leader with 0.8% growth. The platform's expanding ecosystem now averages 4,368 daily active accounts, demonstrating strong adoption momentum.
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