Hedera | Crypto

Although DeFi accounts for over half of onchain activity, the data remains cumbersome and difficult to understand for ordinary users, according to Validation Cloud. Artificial intelligence platform Validation Cloud has launched a new large language model on the Hedera network, potentially giving decentralized finance users the ability to reach blockchain data in a more accessible way. The Mavrik-1 AI engine has been deployed on Hedera, with several other planned integrations expected during a public rollout later this year, Validation Cloud’s team told Cointelegraph.  The AI engine is designed to allow users to interact with DeFi protocols and access blockchain data through natural language queries without needing technical expertise or knowledge.  Read more

Hedera closed Q1 with steady network usage and development progress, despite a 32.9% QoQ drop in market cap to $6.9 billion. HBAR’s market cap rank among all cryptocurrencies held steady QoQ at 18. Average daily transactions rose 25.8% QoQ to 708,500, driven by a 103.6% increase in Hedera’s Crypto Service activity, while average daily DEX volumes remained at $10.8 million for the second quarter in a row. Hedera’s stablecoin market cap nearly doubled to $72.6 million, led by natively issued USDC. DeFi TVL fell 41.7% to $97.1 million due to HBAR’s price drop. Development remained active, with major upgrades like HIP-755 and HIP-756 enhancing smart contract capabilities. Hedera also advanced decentralization efforts by joining the Linux Foundation’s open-source governance framework. Karate Combat saw a 35% QoQ increase in activity, with 90% of KARATE token usage occurring on Hedera. Overall, Hedera demonstrated ecosystem resilience, network growth, and strong developer momentum amid broader market challenges.