Notably, the total value locked on the Hedera network has helped the HBAR register growth in its ecosystem.One of the drivers behind this growth was the increasing interest in SaucerSwap, which launched in Q3 and quickly amassed over $10 million in TVL, improving network services’ performance. In Q4, SaucerSwap reached a new high of $22 million in TVL.
By the end of Q4, Hedera had a TVL of $23 million. This remarkable growth in the total value locked is very impressive. Especially, given the fact that Hedera’s DeFi ecosystem was only recently established in Q2 2022.
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