Hedera DEX Volume Tops $113M In 30 Days As Daily Flow Fades 88%

Hedera DEX volume reached $113.67 million over the last 30 days, per DefiLlama's Hedera page. BSCN on X called that a 151% jump, citing MSB Intel. The monthly total holds up, but most of it arrived in one burst at the end of September.

Look at the daily series and September 29 stands out, with $17.44 million traded in a single day. The next two days brought $10.02 million and $7.19 million. Then it fell off a cliff, and by October 4 the chain was down to $1.70 million.

Volume has since settled. Most days have landed between $1.5 million and $2.4 million, apart from a $4.91 million bump on October 9. Compare October 10's $2.17 million with that September 29 peak and the drop is 88%. Across the latest seven days the chain moved $16.36 million, about $2.3 million a day.

Hedera DEX volume against the month before

Add up Hedera DEX volume for the 30 days ending October 10 and you get $113.67 million. The 30 days before that come to about $44.8 million. So the comparison period more than doubled, a gain near 154%, which sits close to the figure in that post.

DefiLlama's page also shows a weekly change of minus 66.77%, and both readings are right at once. Trading shot up, peaked, and then settled at a level that is still higher than where the earlier month began.

One exchange carries almost all of it

SaucerSwap gets credit for $112.62 million of the total, or 99%. Click its row and it opens into two lines, V2 with $108.4 million and V1 with $4.2 million. HbarSuite adds $1.04 million, with just $148,257 of that in the latest seven days. HeliSwap rounds out the table at $6,989.

So a headline about the chain is really a headline about SaucerSwap. One busy week there moves the whole number. DefiLlama shows about $36.8 million locked in Hedera DeFi. A month of trading therefore ran at roughly three times what sits in the pools. Whether arbitrage, incentive programs or plain swaps drove it, the page does not say.

HBAR on Binance over the same stretch

HBAR began the window near 7.5 cents and climbed past 10 cents by October 2. It has since drifted back toward 9 cents, and CoinGecko showed it down about 1% over 24 hours on October 11. Volume topped out on September 29, three days ahead of the price high, and has stayed thin while the price eased.

RWA.xyz gives a wider view of the chain. It lists about $97.4 million of distributed tokenized assets on Hedera, good for 18th place among 39 networks. Another $71.8 million is counted as represented. That is a different business from trading, with only 315 holders.

The Hedera page on DefiLlama shows the volume chart and the three exchanges behind it.

DefiLlama can still revise the newest day. The HBAR prices above are Binance daily closes, so none of this is a forecast for the token. The next DefiLlama print will show whether trading holds above $2 million a day.