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BSCN
@BSCNews
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Joined November 2020
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Polkadot's Largest DeFi Hub Is Seeing Huge Volume Hydration (@hydration_net), the largest DeFi platform on @Polkadot, saw a strong TVL increase of +10.1% in the last 30 days, to $56.6M. In stark contrast to other parachains, which fell between 6% and 89%, and alongside the tokenomics improvements introduced, this is the clearest bullish signal in Polkadot right now. Hydration is the only chain from the pack that shows a positive 30-day trend – and not even marginally. The second-best performer is @AcalaNetwork, with a 5.9% drop instead. Nevertheless, the increase appears to be a short-term reversal of the longer downtrend (–21% in 90 days, –81.6% in one year).
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