Honey
Stablecoin Profile
Honey (HONEY) is a crypto-collateralised stablecoin: users mint HONEY by locking other crypto assets as over-collateral, with $24.9M currently in circulation across 1 blockchain networks. The USD peg is maintained through liquidation auctions when collateral value falls below required thresholds. Price feed sourced via defillama.
About Honey (HONEY)
HONEY is Berachain's native stablecoin
The initial collateral options will be USDC and BYUSD (pyUSD). New assets used to mint $HONEY can be added via governance
Recent supply activity
Honey (HONEY) supply contracted by $19.9K (-0.08%) in the last 24 hours, contracted by $57K (-0.23%) over the past week, and expanded by $353.7K (+1.44%) over the past 30 days.
Modest growth: net issuance is positive at 1.44% over the past month, indicating gradual demand uptake.
Supply History
Network distribution
Honey circulates across 1 blockchain network. Berachain hosts the largest share at 100.00%. Cross-chain distribution has remained broadly stable over the past 30 days.
| Chain | Supply | Share | 24h Δ | 30d Δ |
|---|---|---|---|---|
| Berachain | $24.9M | 100.00% | -0.08% | +1.44% |
Peg stability history
As a crypto-collateralised stablecoin, Honey (HONEY) maintains its 1.00 USD target by holding excess on-chain collateral and routing redemptions through automated liquidation auctions. Spot price is currently $1.0009 (+0.086%); short-term excursions are normal in this range are typically arbitraged away within hours via the protocol's open mint/redeem mechanics.
How crypto-collateralised stablecoins defend their peg
Crypto-collateralised stablecoins like this one over-collateralise positions — borrowers must lock more than $1.00 of crypto for each $1.00 of stablecoin minted. If collateral value falls below the required ratio, the position is automatically liquidated in an open Dutch auction. Arbitrageurs can always mint and redeem against the protocol's contracts, which keeps the secondary-market price tightly bounded around $1.00. The main residual risks are sudden crypto-collateral crashes that outpace the liquidation engine, and oracle failure.
Practical implications for holders
- Collateral volatility is the dominant risk: a fast drawdown in the collateral asset can outpace liquidation auctions and leave the protocol under-collateralised.
- Oracle risk: the protocol relies on price feeds (typically Chainlink or a multi-oracle setup). Oracle manipulation or delay during volatile markets has historically caused peg excursions.
- Governance risk: parameter changes (collateral types, liquidation ratios, debt ceilings) are decided by token-holder votes. Sudden governance attacks remain a tail risk.
- On-chain transparency is a major advantage — collateral is verifiable 24/7 without trusting an attestor.
- Mantapex tracks peg deviation in real time from DeFiLlama price feeds, but for high-value holdings cross-check directly on at least one independent venue (CoinGecko, the issuer's own dashboard, or an on-chain DEX).
Peg-stability commentary is based on the mechanism class (crypto-collateralised) and is provided for educational purposes only — it is not financial advice. Past peg stability is not a guarantee of future performance, and even the highest-quality stablecoins have historically traded outside their target band during banking, regulatory, or liquidity stress.
Contract addresses
Honey (HONEY) is deployed as a token contract on 1 blockchain network below. Always verify the contract address you're interacting with on the relevant block explorer before sending funds — phishing tokens reusing well-known stablecoin tickers are common, especially on newer chains.
| Chain | Contract address | Verify |
|---|---|---|
| Ethereum | 0xfcbd14dc51f0a4d49d5e53c2e0950e0bc26d0dce | Explorer |
Contract addresses are sourced from DeFiLlama's stablecoin profile. Some chains (Tron, Solana, Aptos, Sui) use non-EVM address formats. The "Explorer" link opens the official block explorer for the given chain; we do not link out to third-party explorers that may show altered data.
Compare Honey to other crypto-collateralised stablecoins
Below are the largest crypto-collateralised stablecoins tracked on Mantapex alongside Honey (HONEY). Comparing supply and chain footprint within the same mechanism class is more meaningful than cross-class comparison, because the underlying peg-defence assumptions are different.
| Stablecoin | Supply | Mechanism | Chains |
|---|---|---|---|
| Sky Dollar (USDS) | $8.4B | crypto-backed | 6 |
| Ethena USDe (USDe) | $5.9B | crypto-backed | 23 |
| Dai (DAI) | $4.6B | crypto-backed | 48 |
| Falcon USD (USDf) | $1.6B | crypto-backed | 2 |
| USDD (USDD) | $1.1B | crypto-backed | 4 |
Across mechanism classes
If you're researching HONEY as part of a broader stablecoin allocation, it's worth comparing it across mechanism classes — each design has different counterparty, custody, and tail-risk profiles.
Peg Stability
Chain Distribution
Resources & data sources
Honey (HONEY) is tracked across major crypto data providers. The links below open Honey (HONEY)'s pages on CoinGecko, CoinMarketCap and DeFiLlama, so you can cross-check supply, market cap, exchange listings and historical price data directly at the source.
Price feed sourced from defillama. Supply, peg and chain-distribution data are aggregated from DeFiLlama's stablecoins dataset, which combines on-chain balances across supported networks. Numbers on this page typically refresh every 10 minutes.
Recent Honey news
Latest reporting from major crypto news outlets covering Honey.
- Blockworks
Hivemapper raises $32M, launches new subscription for Bee dashcams
Bee Dashcams now cost $19 a month.
- Crypto news
Bee Maps bags $32m to expand AI mapping network built on Hivemapper
Bee Maps has secured a $32 million Series A to scale its decentralized mapping operation.
- Cryptopolitan
Volkswagen selects Hivemapper's Bee Maps for its autonomous vehicle testing
Volkswagen's autonomous vehicle arm has tapped Bee Maps, a decentralized spatial intelligence service built on the Hivemapper network, to support its autonomous driving…
- CryptoSlate
Volkswagen ADMT chooses Solana-based Hivemapper to power Robotaxi test fleet
Volkswagen ADMT, the automaker's autonomous-driving subsidiary, will source real-time street-level data from Bee Maps, a spatial intelligence service that runs on Hivemapper's…
- Coindesk
Volkswagen ADMT Taps Solana-Based Hivemapper Bee Maps for Driverless Data
Volkswagen ADMT, the carmaker's autonomous-vehicle testing subsidiary, has tapped Hivemapper's Bee Maps to support its self-driving operations with real-time mapping data.
- Bitcoin
Lyft to Leverage Solana DePIN Project Hivemapper Through Bee Maps
Lyft, a ride-sharing company with over 2 million drivers, will leverage Hivemapper, a Solana-based DePIN application, as a low-level, street-focused mapping solution. Lyft will…
- Crypto news
Multicoin co-founder predicts $100M in combined revenue from key decentralized projects
Multicoin's Kyle Samani forecasts that Helium, Hivemapper, and io.net will collectively exceed $100M in revenue by 2025. Kyle Samani, co-founder of Multicoin Capital, recently…
- Crypto Daily
6 Underrated Cryptos Primed for a Breakout Between Now and 2025
Among the tokens being discussed right now, $CHO is one of the biggest names, and for plenty of reasons. $CHO has grown 111.8% in 14 days, outpacing Bitcoin's 40% and Ethereum's…
Related stablecoins
Stablecoins comparable to Honey by collateral mechanism, peg currency, or circulating supply — handy for spotting alternatives if a peg breaks or a regulator forces a delist.
Other crypto-backed stablecoins
Stablecoins pegged to USD
Risk Warning
Stablecoins carry risks including de-pegging, regulatory changes, and counterparty risk. Always diversify and do your own research.