Welcome to the Hedera Overview, providing a suite of updates for Hedera enthusiasts, users, developers and curious-minded web3 users about all that’s happening in the ecosystem. 

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The Ecosystem Insights

The percentages and metrics are calculated from its change over a 14-day time frame, unless noted otherwise.

Hedera Highlights

#️⃣ What’s happening: Axelar has integrated Hedera into its cross-chain network, allowing tokens and contract calls to be moved between ecosystems supported by both networks.

#️⃣ Why it matters: The integration allows Hedera to gain liquidity and users from other blockchains without needing to build custom integrations for each network. Assets from other ecosystems can move into Hedera-based applications, and vice-versa.

Axelar lets capital and applications interact across blockchains by providing a shared connection layer. This makes it easier for developers to deploy cross-chain applications, and simplifies the process for moving assets and tokens between networks.

Hedera native applications such as SaucerSwap and Squid are already using the connection to route liquidity and enable cross-chain activity.

#️⃣ The bigger picture: Tokenization, onchain trading and yield products benefit from cross-chain connectivity, as it allows liquidity from multiple networks to flow across protocols.

When blockchains operate in isolation, users face friction when they want to access different financial instruments across ecosystems. Such integrations can make tokenized assets more flexible, and enable users to participate in trading and yield strategies that span multiple chains.

Unpacking the hash

  • FedEx has joined the Hedera Council, and will contribute its operational expertise to advance digital infrastructure for global shipments and supply chains

  • Hedera is sunsetting AccountBalanceQuery in the Hiero SDK and Hedera API in order to relieve stress on consensus nodes and its transaction processing speeds

  • Hedera saw the number of average daily active developershit an all-time high of 179 on Feb. 13

Ecosystem players

  • The Hashgraph Association has joined the Agentic AI Foundation to contribute to interoperable and standardized agentic infrastructures

  • Nilmini Rubin, chief policy officer at Hedera, talked about the advantages of using AI in governance, while emphasizing the importance of ensuring it’s deployed responsibly

  • SaucerSwap deployed its Faucet feature to its mobile app, allowing users to claim daily rewards for staking or participating in governance proposals 

  • DOVU’s founder and CEO Irfon Watkins explained why his company uses Hedera to issue, trade, and manage tokenized carbon credits for access to climate finance

Get involved with the community

Until next time!

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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.

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