Hedera's price continues its upward trajectory, surging over 38% this week. This rally is fueled by a significant partnership announced by the HBAR Foundation, involving Vaultik and the World Gemological Institute to tokenize $3 billion worth of diamonds, gemstones, watches, and jewelry as Real World Assets (RWAs) on the Hedera network. On-chain data also reveals a bullish outlook with record-high Open Interest and Total Value Locked, suggesting continued growth and potential for Hedera to reach new all-time highs.
Hedera ’s price extends its gains on Friday after rallying over 38% so far this week.
Foundation announces that Vaultik and the World Gemological Institute have partnered to tokenize $3 billion worth of diamonds, gemstones, watches, and jewelry as Real World Assets on the Hedera network. On-chain data also paints a bullish picture as Foundation in its X post. Partnerships like these are seen as strong foundations for Hedera’s future growth in the crypto space. Investors are optimistic and confident about the Hedera ecosystem, thus boosting the performance of its native token,
’s strong on-chain metrics Open Interest chart. Source: Coinglass Additionally, crypto intelligence tracker DefiLlama data shows that TVL chart. Source: DefiLlama
Hedera HBAR Real World Assets Rwas Vaultik World Gemological Institute Tokenization Open Interest Total Value Locked Price Rally
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