Which Magic in Hegic?

Assets covered: Hegic (HEGIC)

Metrics used: Age Consumed, Transaction Volume, Top Transactions, Supply on Exchanges, Network Profit/Loss, Holders Distribution, Trading Volume, Active Addresses

Hegic is back. A demand for the protocol, which temporarily suspended activity after a bug earlier this year, is soaring on partnership with Andre Cronje.

Hegic is positioning itself as the largest DeFi options protocol with a native governance token which has doubled in price over the past month.

The non-custodial options protocol has $41M in available liquidity with $18M deposited last week as another sign of climbing interest.

Concerning tricks

1. Age Consumed

A huuuge spike in Age Consumed happened just recently and indicates a solid amount of dormant coins moved a couple of hours prior to writing this.

What happened? Let's explore HEGIC transactions.

2. Transaction Volume

3. Top token transactions

We can see a lot

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