Is BSC Heating Up Again? Key Metrics HMNG Holders Should Watch for the Next Bull Run
📈 Key Takeaways for HMNG Holders
1️⃣ Daily Active Addresses on BSC have increased by 15.37% year-over-year, signaling rising user activity.
2️⃣ Total Value Locked (TVL) on BSC now sits at $8.74B, capturing 7.7% of the total DeFi market share.
3️⃣ BSC Unique Addresses have reached a record high of 250M addresses, with daily address growth up 41.3% YoY.
These indicators suggest renewed interest in Binance Smart Chain (BSC) — and when BSC grows, Hummingbird Finance (HMNG) benefits. As Bryden, the CEO of HMNG, and Gideon, the developer, focus on timing the push to a $100M market cap, these signals play a vital role in strategy.
---
🚀 Why These Metrics Matter for HMNG Holders
Tracking BSC's health is crucial because it serves as the core infrastructure for the HMNG token. When BSC activity surges, demand for BSC-native tokens like HMNG often follows. Here’s a breakdown of the key metrics and what they mean for holders.
---
1️⃣ Daily Active Addresses (DAA) – BSC Is Gaining Traction Again
One of the clearest signs of growth on any blockchain is an increase in Daily Active Addresses (DAA). As of December 3, 2024, BSC's DAA reached approximately 1.185M, marking a 15.37% increase year-over-year and a 4.05% increase from the previous day.
👉 Why It Matters for HMNG
More active users on BSC means more wallets are interacting with BSC-based tokens. Historically, spikes in daily activity have signaled early-stage bull runs. As new users re-enter the market, liquidity often follows.
📊 Source: BSC Daily Active Addresses - YCharts
💡 What to Watch For:
Look for sustained increases over multiple weeks.
Track whether these users are participating in DeFi, NFTs, or new token launches.
---
2️⃣ Total Value Locked (TVL) – The Money Is Flowing Back In
The TVL on BSC stands at $8.74B, accounting for 7.7% of the DeFi market share. TVL represents the total capital locked into BSC-based DeFi protocols like PancakeSwap, Venus, and Beefy Finance.
👉 Why It Matters for HMNG
TVL reflects market confidence. When users deposit large amounts of capital into DeFi protocols, it shows renewed trust in BSC's infrastructure. Since Hummingbird Finance operates on BSC, more liquidity on BSC increases the potential liquidity for HMNG tokens.
📊 Source: Binance TVL - Binance Blog
💡 What to Watch For:
If TVL increases consistently over multiple weeks, it’s a sign of new money entering the space.
Look for major inflows into PancakeSwap, as it's the biggest BSC DEX and often signals renewed DeFi activity.
---
3️⃣ Unique Addresses – More People Are Joining the BSC Network
As of December 2024, BSC has hit an all-time high of 250M unique wallet addresses. That’s a 41.3% YoY increase in daily new wallet creation. This metric tracks how many new users are joining BSC for the first time.
👉 Why It Matters for HMNG
New addresses mean new users. During previous bull runs, we saw a surge in wallet creation as retail investors flocked to buy DeFi tokens. If unique addresses continue to rise, it’s a sign that BSC is preparing for a major bull cycle. More wallets = more potential buyers of HMNG tokens.
📊 Source: Binance Unique Addresses - Binance Blog
💡 What to Watch For:
Look for large daily spikes in new address creation.
Pay attention to social sentiment, especially in Telegram and Crypto Twitter, to see if new users are coming for DeFi, GameFi, or NFTs.
---
How Do These Metrics Signal a Bull Run?
It’s simple — in every major BSC bull run, these three metrics rise together. When DAA, TVL, and new addresses increase, it usually precedes a wave of speculation and buying. Here’s a historical pattern to keep in mind:
1️⃣ Early Stage: BSC users increase first (more wallets, more activity).
2️⃣ Mid Stage: TVL rises as users deposit funds into DeFi platforms.
3️⃣ Late Stage: Speculation kicks in, and BSC tokens like HMNG see large price movements as new liquidity floods in.
---
What Should HMNG Holders Do?
For holders looking to stay ahead of the curve, here’s a simple plan:
1️⃣ Track Daily Metrics: Use tools like BscScan, YCharts, and DeFiLlama. Check DAA, TVL, and unique wallet growth.
2️⃣ Watch for Major Binance Announcements: If Binance promotes BSC-based tokens or announces partnerships, it’s a signal of future demand.
3️⃣ Stay in the Loop: Follow updates from Bryden and Gideon on Hummingbird Finance’s social channels.
4️⃣ Prepare for the Bull Run: If all three indicators are trending up at the same time, it’s time for HMNG to make its move toward a $100M market cap.
---
How Bryden and Gideon Plan to Use This Data
As Bryden, the CEO of Hummingbird Finance, and Gideon, the owner and developer, monitor BSC’s health, they’re using these exact metrics to determine the right moment to push for a $100M market cap. The strategy is simple:
When TVL, DAA, and new wallet growth rise simultaneously, that’s the signal to increase marketing, social engagement, and promotional efforts for HMNG.
By timing this push, HMNG can benefit from the rising tide on BSC, increasing its visibility and liquidity.
---
When Will the Next BSC Bull Run Begin?
No one can predict with absolute certainty, but one thing is clear — BSC is waking up. The increase in wallet addresses, total value locked, and daily active users are signs that a shift is coming. For holders of HMNG, this is an opportunity to position yourself before the wave hits.
📢 Want to stay ahead of the curve? Follow Bryden and Gideon on the official Hummingbird Finance channels for updates on key metrics and strategic announcements.
🚀 Can the bird fly to $100M market cap ? The foundation is being laid.
---
📚 Sources
1. BSC Daily Active Addresses - YCharts
3. BSC Unique Addresses - Binance Blog
This article delivers real, actionable data for HMNG holders and offers clarity on how to detect when the bull market is truly back. The next move could be the biggest one yet. Stay ready.
