Hedera integrates Chainlink Oracle For Cross-Chain Interoperability

Now, with CCIP live, developers can take advantage of full cross-chain features and new tools like the Cross-Chain Token standard. CCT lets projects issue tokens that can move easily between chains while keeping control of their token contracts. Despite recent developments in real-world assets and DeFi, Hedera’s total value locked has dropped, falling from a peak of $213 million in January to $74 million as of Apr. 9. On the bright side, the volume of stablecoins on Hedera has more than doubled this year, from $38 million in January to $82 million, as per DeFiLlama data

HBAR token, which powers the Hedera network, is trading at about $0.1536 at press time, with a market capitalization of $6.4 billion. The price has corrected after a notable spike in late 2024, when it increased 367% in Q4 to a high of $0.27.  It is now trading 73.20% below its all-time high of $0.567, which was attained on September 2021. Despite the significant drop in HBAR’s price, analysts believe that recent partnerships and wider cross-chain integration will boost its price when market conditions improve.