Hedera’s on-chain DEX trading volume surged 151% over 30 days, reaching approximately $110 million as of October 9. But this burst of on-chain activity has not translated into demand for spot `$HBAR ` ETFs, with external capital showing a relatively muted response.
The surge in on-chain trading has done nothing to spur buying in spot ETFs, and there has been no follow-through from additional off-exchange capital. Ecosystem liquidity alone is unlikely to lift the broader market. Based on current conditions, `$HBAR ` clearly lacks upward momentum, and the market outlook is skewed to the downside.
The surge in on-chain trading has done nothing to spur buying in spot ETFs, and there has been no follow-through from additional off-exchange capital. Ecosystem liquidity alone is unlikely to lift the broader market. Based on current conditions, `$HBAR ` clearly lacks upward momentum, and the market outlook is skewed to the downside.