HBAR price rises by 4%, Hedera on-chain activity surges to triple digits, analysis of the driving factors behind it

Recently, Hedera (HBAR) on-chain activity has shown a significant uptick, directly driving the HBAR price up by approximately 4% in a single day, making it one of the relatively standout mainstream cryptocurrencies in the market. Multiple core network indicators have simultaneously strengthened, indicating that this rise is not merely driven by sentiment but is supported by fundamental data.

From a network performance perspective, the transaction per second (TPS) on the Hedera testnet has risen to 44, while the mainnet TPS broke through 100 a few days ago. This level suggests that developer testing and application interactions are accelerating, the technical usage frequency of the Hedera ecosystem is clearly increasing, and decentralized finance and enterprise applications are gradually being implemented on this network.

User growth is another key driving factor. Data shows that in the past 24 hours, the number of new Hedera accounts surged to about 2,620, an increase of over 70% compared to the previous day. More importantly, these new accounts are not “dormant users”; their associated transaction volume has also increased in tandem, reflecting that genuine on-chain interaction demand is forming rather than just registration activity.

From a mid- to long-term perspective, the number of HBAR holders has been steadily increasing, currently approaching 4.6 million. Meanwhile, the total value locked (TVL) on the Hedera network has grown by about 2% in a single day, reaching $67.1 million, indicating ongoing capital inflows into applications built on Hedera. The synchronized growth of TVL and user metrics is often seen as an important signal of improved ecosystem health.

Price-wise, HBAR’s upward movement is highly consistent with the improvement in on-chain data. Although short-term technical indicators show the stochastic RSI has entered overbought territory, price fluctuations may still oscillate, but the overall trend appears to be driven by actual usage increases rather than pure speculation.

From a technical structure perspective, if HBAR’s price can effectively break through the key resistance level of $0.1161, the market may further explore the $0.1452 region. Overall, the active on-chain activity, new account growth, TVL expansion, and price performance form a positive feedback loop, providing a relatively solid fundamental support for HBAR’s subsequent trend.