As HNT sees a significant increase in new users and trading activity, market observers are watching to see how this growing onchain interest will correspond with its price performance.
A surge in new users and investors
Onchain data shows a recent jump in participation, with the number of unique traders rising by
↗27%
and new traders growing by
↗31%
. Volume from regular traders surged
↗81%
, alongside a notable increase in activity from mid-to-large sized wallets.
HNT holds up better than similar projects
Despite a daily price decline of
↘1%
, HNT gained
↗2%
over the past week. This performance was stronger than the average for the Solana Ecosystem category, which fell
↘11%
during the same period.
Major partnerships and new services announced
The project has recently announced key developments, including a partnership with AT&T
and the launch of
Helium Plus, a service for businesses. Other updates include a move toward
deflationary tokenomics.