Hedera
HBARRank #31- Market cap
- $3.91B
- 24h volume
- $142.51M
- 7d change
- -4.86%
- 30d change
- +13.36%
- 24h high / low
- $0.08887 / $0.08203
- Circulating supply
- 44.03B
- Max supply
- 50B
- All-time high
- $0.5692 (Sep 15, 2021)
A council-governed DAG-based Layer 1 for enterprise applications, distinct for its hashgraph consensus and corporate governance model.
By the PickACrypto Team · Updated Sep 7, 2026
Our read on Hedera
Enterprise-focusedcouncil-governedfixed supply
Hedera targets enterprise use cases through a council of global organisations and a consensus service designed for verifiable logging. Its centralised governance and enterprise orientation are a deliberate trade-off that shapes the entire network.
- Layer 1 DAG smart contract platform
- Network type
- #28
- Market-cap rank
- Council includes Google, IBM, Boeing, Deutsche Telekom, LG Electronics, Nomura and others
- Governance
- 43,831,559,704 HBAR
- Circulating supply
- 50,000,000,000 HBAR (fixed cap)
- Total / max supply
The bull case
- Governance council of named global corporations provides a direct enterprise on-ramp that most Layer 1 networks lack.
- The Hedera Consensus Service offers a specific primitive, an immutable verifiable log with trusted timestamps, that maps cleanly onto supply chain and audit use cases.
- A fixed max supply of 50,000,000,000 HBAR means no uncapped future issuance, with roughly 87.7% of that supply already circulating.
- Hashgraph consensus is architecturally distinct from the Nakamoto-style chains that dominate the Layer 1 market.
The bear case
- Council governance concentrates network direction in a set of corporate entities, a structural divergence from the decentralised validator models many crypto users expect.
- The enterprise sales cycle is long; adoption depends on council members and their partners building production applications on HCS rather than on cheaper or more familiar chains.
- A consensus service built around ordered messaging competes against off-chain timestamping and traditional audit systems that enterprises may already trust.
- With 43,831,559,704 of 50,000,000,000 tokens already circulating, the remaining 6,168,440,296 tokens represent a relatively small float, but the absolute market cap size at rank #28 means the network must sustain large capital inflows to move materially.
What Hedera is
Hedera is a Layer 1 smart contract platform that uses a Directed Acyclic Graph architecture rather than a traditional blockchain. It is designed for developers building applications that require near real-time consensus, and it positions itself as a network for secure, fair applications.
The project is owned and governed by a council of global organisations. Named members include Avery Dennison, Boeing, Deutsche Telekom, DLA Piper, FIS (WorldPay), Google, IBM, LG Electronics, Magalu, Nomura, Swirlds, Tata Communications, University College London (UCL), Wipro, and Zain Group. This governance model is central to Hedera's identity and its enterprise go-to-market strategy.
How it works
Hedera's core offering for developers is the Hedera Consensus Service (HCS), which functions as a trust layer for applications or permissioned networks. HCS allows the creation of an immutable, verifiable log of messages.
Application messages are submitted to the Hedera network for consensus, given a trusted timestamp, and fairly ordered. Stated use cases include tracking assets across a supply chain, creating auditable logs of events in an advertising platform, or using HCS as a decentralised ordering service.
This design separates the consensus and ordering layer from full smart contract execution, letting enterprises use Hedera for verifiable logging without migrating their entire application stack on-chain.
Tokenomics
HBAR has a circulating supply of 43,831,559,704 against a total and maximum supply of 50,000,000,000. The max supply is fixed, meaning no HBAR can be minted beyond the 50B cap.
With roughly 87.7% of all HBAR that will ever exist already in circulation, the remaining unlocked portion is a relatively small share of the total supply. The token is used for network services, including submitting messages to HCS and executing smart contracts.
Competitive edge
Hedera's competitive position rests on two pillars: its hashgraph DAG consensus and its council governance. The council structure gives Hedera direct relationships with large enterprises that can deploy HCS in production environments, something grassroots Layer 1 networks generally cannot replicate.
The trade-off is that this same council model moves Hedera away from the decentralised validator distribution that defines most Layer 1 networks. The network's edge is enterprise fit, not decentralisation maximalism.
Hedera's edge is not being the most decentralised chain, but being the chain a council member is most likely to build on.
Recent developments
Collected by our radar from Hedera's own channels. Each line links to the announcement it came from.
- upgrade
MirrorNodeAccountBalanceQuery shipped in the JavaScript, Java, and Go Hiero SDKs as the native replacement for AccountBalanceQuery.
hedera.com → - partnership
Hedera contributed CLPR, the bridgeless Cross-Ledger Protocol developed by Hashgraph, to the Linux Foundation Decentralized Trust as a new lab.
hedera.com → - upgrade
Smart contract calls submitted as inner transactions of an Atomic Batch Transaction entered a six-month deprecation period, with removal planned for March 2027.
hedera.com → - partnership
Hedera Council added WISeKey as its fourth Strategic Partner, joining the Global Blockchain Business Council, Halborn and the Institutes RiskStream Collaborative.
hedera.com → - funding
The x402 bounty closed on 31 July with five developers each receiving $1,000 for builds that use x402 to turn an API into a pay-per-request endpoint on Hedera.
hedera.com → - upgrade
Hedera launched a hosted MCP Server and an open-source Agent Skills marketplace for AI agents to interact with the Hedera network.
hedera.com →
Frequently asked questions
- What is the Hedera Consensus Service?
- HCS is a service that takes application messages, submits them to the Hedera network for consensus, and returns an immutable, verifiable log with trusted timestamps and fair ordering. It is designed for supply chain tracking, auditable event logs, and decentralised ordering.
- Who governs Hedera?
- Hedera is owned and governed by a council of global organisations including Google, IBM, Boeing, Deutsche Telekom, LG Electronics, Nomura, and several others listed in the project's official description.
- Is HBAR supply capped?
- Yes. HBAR has a fixed maximum supply of 50,000,000,000 tokens, with 43,831,559,704 currently circulating.
Sources
The durable facts on this page are drawn from the sources below; live market figures update from our own database. See our methodology.
Technical indicators
Computed daily by our pipeline from accumulated price history.
- RSI (14d)
- 52.52
- 50-day SMA
- $0.07514
- 200-day SMA
- —
- Volatility (30d, annualised)
- 115.06%
- 90d support
- $0.06588
- 90d resistance
- $0.1043
- Correlation vs BTC
- 0.67
- Correlation vs ETH
- 0.63
Hedera price prediction
Our deterministic model publishes forecast ranges for Hedera across five horizons, each recorded immutably and scored on the Accuracy Ledger when it matures.
This is research and analysis, not financial advice. Crypto is volatile and you can lose what you put in. Figures are sourced above or drawn live from our own database. Always do your own research.
Market data synced from CoinGecko into our own database. This page's figures were captured Sun, 18 Oct 2026 10:00:00 GMT. Every figure is injected from that record; see the methodology. Nothing on this page is financial advice. Read the disclaimer.