- Helium daily users surpass Ethereum, Toncoin, and Arbitrum combined.
- HNT price gains momentum, targets breakout above key resistance level.
- User-owned Hotspots drive Helium’s growth in decentralized infrastructure.
The Helium Network has recorded a significant milestone in user activity, overtaking top blockchain platforms including Ethereum, Toncoin, and Arbitrum in daily active users. Recent on-chain data shows Helium now boasts over 1.16 million daily users, a significant rise of more than 300,000 in just one week.
This surge in activity has been closely linked to Helium’s expanding network of user-operated Hotspots.
These are decentralized wireless coverage devices; they reward participants in the form of HNT tokens in exchange for data transfer. This has now increased the total number of Hotspots to close to 100k, with an increase of over 2400 in the last seven days.
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In addition to an increase in user numbers, the Helium Network captures more than 36.7 terabytes of data daily. This data is largely used in the United States, which demonstrates a real-life application that many cryptocurrency enterprises are trying to gain.
The increased user activity has made Helium leapfrog other large Layer 1 and Layer 2 blockchains in daily usage.
Findings from AIAdopt’s analysis indicate that Helium’s DAU-driven growth has outpaced the recorded DAUs of Ethereum, Toncoin, and Arbitrum, signaling a shift in user preference toward more viable decentralized infrastructure networks.
HNT Price Gains Momentum as Bullish Indicators Strengthen
Helium’s growing adoption is reflected in the market performance of its native token, HNT. In the past two weeks, HNT has seen a price increase of over 32 percent, now trading around $2.96. This growth coincides with a wider crypto recovery and a rekindled confidence in investors.
Technically, HNT is approaching a vital breakout zone on the daily time frame analysis. Currently, the price is retesting the long-term declining trendline as MACD indicators shift into bullish territory.
The MACD line has been crossed above the signal line and zero with the help of green histograms. Analysts have identified $4.30 as the most recent support level to monitor, marking it as the next critical resistance.
Source: Tradingview
Already having a current 24-hour trading price of approximately $14 million and a fully diluted value of roughly $669 million, the token can move upwards even more soon.
Helium’s growth in both infrastructure and users has allowed it to surpass Ethereum in daily activity. This development is fueling bullish momentum for HNT, which now eyes higher price levels as adoption continues to expand.
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