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.
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.
We can see a lot
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