Emperor Osmo
DeFi Research, Blockchain Metrics, Ex-Osmosis/Artemis
Hedera is still absorbing the fallout from the Bonzo Finance exploit, and the market is still pricing in the damage. Chain TVL has fallen 45% over the past month, Bonzo has lost nearly 78% of its TVL, and HBAR is down 10.5% on the month. Security scares can erase months of trust overnight, while adoption takes longer to show up in price. x.com
Hedera's $4 billion market cap is not backed by real usage. The network generated $0 in revenue over the last 24 hours, and HBAR's price is moving on partnership announcements rather than on-chain activity. With no revenue and no demand, the valuation is hopium with a chart attached, not adoption. x.com
Pendle's product-market fit wasn't strong enough: it was losing TVL even before the recent DeFi hacks. Capital allocators care about altcoins that make revenue, and Pendle isn't one, while its vote-escrow token model forces holders to lock up in a market where altcoins mostly fall over the long term. @katexbt adds that nobody wants to be in DeFi after the hacks, with layered yield turning into a liability in a bear market. x.com x.com x.com
Institutional HBAR exposure is growing through Canary's Hedera ETF. It now holds over 800 million HBAR, up 69% this year, or 1.82% of circulating supply in one fund. x.com
THORChain's RUNE token can always be counted on to dump, and the chain looks doomed. It was exploited for over $10M across Bitcoin, Ethereum, BSC and Base, per @zachxbt as relayed by @lookonchain, and @PhilOnChain notes there was no team statement yet. x.com x.com
Negative OKX funding and net-short top traders could fuel a Hedera short squeeze if price reclaims its 50-day averages. Price is still below every short-term moving average and RSI remains weak at 44. A daily close above $0.0878 could open $0.091-$0.0945; losing $0.0833 instead puts $0.0798 back in play, below which the weekly support band breaks. x.com
Hedera is a sleeping beast that should wake up soon, now ranked among the top three real-world-asset crypto projects by development activity, alongside Chainlink and Avalanche, per Santiment. x.com
Hedera is overlooked despite being the chain trusted by Google, IBM, Boeing, LG and Deutsche Telekom, and quiet names like HBAR tend to move last and hit hardest. x.com
Hedera, NEAR Protocol, Sei, Hyperliquid, Stellar and Internet Computer look like core winners of a future surveillance CBDC finance grid. They should surge as traditional finance implodes under an AI and debt/fiat bubble into a reset, with few retail investors on board. Per @noBScrypto, Hedera is institution-ready, NEAR has fast-growing AI utility, DTCC selected Sei and Stellar for tokenization, Hyperliquid is the top-growing DeFi L1 and Internet Computer runs decentralized AI on-chain. x.com
