ProtocolReportingApril14,2023Harmony(ONE)StateofHarmonyQ12023QuarterlyCommunityReportPeterHorton•ResearchAnalyst(@ph0rt0n)MikeKremer•DataEngineer(@mikeykremer)KeyInsights●Harmony’scirculatingmarketcapincreased115%QoQ,butrevenueinONEdeclined33%QoQ.●Averagedailytransactionsdecreased17%QoQ,whileaveragedailyactiveaddressesincreased28%duetoananomalousspikenearquarterend.●Almost$3.3millionworthofdepeggedassetsfromtheHorizonBridgehackwereburnedthisquarter,bringingthetotalto$7.6million.TheongoingrecoveryeffortwillbecrucialforHarmony’sDeFiecosystemtoregainitshealth.●HarmonyecosystempartnerHiddenStatelaunched1.country,anoveldomainsystemthatbridgesWeb2andWeb...
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