#Hbar In 2023, Hedera Hashgraph saw a notable surge of over 40%, reflecting the current frenzy within the crypto industry. Notably, Hedera recently expanded its governance board by adding BitGo, further underscoring its growing influence and potential within the cryptocurrency ecosystem.

Hedera Hashgraph (HBAR) has seen six consecutive weeks of price increases amid the continued crypto frenzy, as its ecosystem gains momentum. The token hit a high of $0.1227 on Tuesday, marking its highest level since May 2022. Surprisingly, it is up over 235% from its lowest point in 2023.

Hedera Hashgraph Thrives Amid Crypto Bull Run

Amid the ongoing cryptocurrency bull run, Hedera Hashgraph has seen significant gains, largely driven by increased investor interest in altcoins amid extreme greed in the cryptocurrency market's Fear and Greed Index. cryptocurrencies.

The Hedera ecosystem has seen remarkable growth, with its total value locked (TVL) on the decentralized exchange (DEX) ecosystem reaching an all-time high of over $193 million. In HBAR terms, the TVL has skyrocketed to over 1.6 billion.

SaucerSwap, Hedera's leading decentralized exchange (DEX), has emerged as the top performing player in the ecosystem. Its TVL has exceeded $140 million, significantly surpassing its closest competitor, Stader.

SaucerSwap has seen strong inflows: its V2 recorded a total volume of over $8.9 million in the last 24 hours, while V1 handled tokens worth over $3.97 million.

Hedera has continued to strengthen its governing council and recently added BitGo as a member. BitGo, a major player in the blockchain industry, offers infrastructure and custody solutions.

The addition of Mondelez and Hitachi US to the board,