🧵 @hedera Q3 2025 Report • Market cap ↑ 43.3% QoQ → $9.1B • DeFi TVL ↑ 53.4% QoQ → $113.5M • Stablecoin cap ↑ 1.4% → $115.0M • Active accounts ↑ 15.8% • New accounts ↑ 178% Hedera strengthened fundamentals and broadened institutional adoption this quarter 👇

📊 Chart: HBAR Market Cap & Fees • Market cap: $9.1B (+43.3% QoQ) • Avg. token price: $0.21 • Network fees: 928,597 HBAR (+3.2% QoQ) • USD fees: $216K (+39.2% QoQ) Higher HBAR prices lifted fee value even as onchain activity remained steady.

📈 Chart: Network Usage • Avg. daily transactions: 575K (-0.9% QoQ) • Active accounts: 4,368 (+15.8%) • New accounts/day: 13,860 (+178%) User participation grew across key services even as transaction volumes held flat.

🪄 Chart: DeFi TVL by Protocol • Total TVL: $113.5M (+53.4%) • SaucerSwap: $77.6M (+70.1%) • Bonzo Finance: $32.4M (+31.2%) • HbarSuite: $3.0M (+20.5%) DEX volumes nearly doubled QoQ, signaling a strong recovery in DeFi activity.

🏦 Chart: Stablecoins & Staking • Stablecoin cap: $115.0M (+1.4%) • Staked HBAR: 15.9B (+1.9%) • 37.5% of circulating supply staked USDC inflows continued post-CCTP integration, maintaining liquidity diversity.

🧠 Tech & Ecosystem Highlights • 3 mainnet upgrades (v0.63–v0.65) improved smart contracts, state mgmt & dev tooling • SALT & Hedera To Earn launched consumer-facing apps • KAIO tokenized institutional funds • Swarm launched tokenized stocks • Wyoming selected Hedera for Frontier Stable Token (FRNT)

🔍 Chart: Network Services • Smart Contract tx ↑ 27.2% QoQ • Crypto Service tx ↑ 11.1% QoQ • Token Service tx ↑ 33.3% QoQ • Consensus Service tx ↓ 27.0% QoQ Usage shifted toward programmable and asset-related activity.