Hedera

HBAR

Live since 16 September 2019, about 7 years. Code changed: today. Checked by a person on 13 September 2026.

7 of 14promises deliverednone past their date #16of 166 smart contract platformsthe typical one is worth $107.87M #29of all coins by sizeworth $3.36B today 12%of the supply still to come6.17B coins can still reach the market

Hedera is a shared public record-keeping network for transactions and programs, operated by a group of large companies and institutions. Of the 14 things it promised, it delivered 7, 7 are still open (7 with no date); nothing dated is coming up. It trades at $0.0765, #29 of all coins by size, 87% below its highest ever price.

This week in the news: new software release.

A real job, real backing. Delivered 7 of 14, none late. Nothing dated ahead. #16 of 166 smart contract platforms. Nothing to be careful of on the record.

Is it real?

4 of 4tests passeda real job, real backing, something ahead, room to grow

1named backersGMCI 30 Index

7 yearson the marketsince 16 September 2019

330.51Kpeople watch iton CoinGecko lists

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Passes all four

✓A real-world jobReal-world purpose: record-keeping for businesses
✓Real backingBacking: in the GMCI 30 Index; trades on Coinbase, Crypto.com, Kraken; worth $3.36B
✓Something aheadAhead: 7 of 14 promises delivered
✓Room to growRoom: worth $3.36B, 90 times smaller than Ethereum, the biggest coin within reach doing the same thing (Smart Contract Platform)

In the GMCI 30 Index

Origin16 September 2019about about 7 yearsFrom US (CoinGecko)hedera.com, GitHub, Whitepaper, Wikipedia
DevelopersNot namedNeither Wikidata nor its listing names the foundersCode changed today
BackingIn the GMCI 30 IndexListed on Coinbase, Crypto.com, Kraken, Bitstamp
Standing on the record7 of 140 confirmed by outside news35 headlines last month, 2 about government330,513 people keep it on a CoinGecko watchlistNo corrections needed so far

Why it is worth a look

Real-world purpose: record-keeping for businesses
Backing: in the GMCI 30 Index; trades on Coinbase, Crypto.com, Kraken; worth $3.36B
Ahead: 7 of 14 promises delivered
Room: worth $3.36B, 90 times smaller than Ethereum, the biggest coin within reach doing the same thing (Smart Contract Platform)

The gap, and what to do

It is already worth more than the typical coin in Smart Contract Platform ($107.87M). To match the leader, Ethereum ($301.61B), its price would need to rise 8886%, to about $6.88.

Still to check

No named investor among its tags
Years younger than the group's leader

What to do It has delivered 7 of 14 dated promises and nothing dated is ahead. Add it to My coins and come back when it posts a new date; until then the record has nothing new to say.

A gap is not a forecast. Most small coins never close it. The site never picks.

Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.

Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.

Does it deliver?

7 of 14promises deliveredby the project's own pages

0confirmed outsideby a news report or a tagged release

0missed

7still open

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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it

7 of 14

promises delivered, by the project's own pages

0 of those confirmed by an outside news report

Promises by the year they were due

undated14

delivered open past due

The project gives no dates for these, so there is no line to draw. What its pages say, in plain words:

Delivered, undated (7)

Block node operators can register more than one service…
Transaction fees are calculated from a base amount plus…
Users can opt into a separate lane for creating large…
Consensus nodes that also run a qualifying block node…
Block node operators can publish their node addresses on…
The first stage of the block node work is a node that…
Developers and node operators can access an early version…

Still open, undated (7)

The network will add support for the parts of Ethereum's…
One account will be able to pay the transaction fees for…
Users will be able to attach small custom rules to…
The network will use one combined signature from its nodes…
The second stage of the block node work will let…
The third stage of the block node work will move node…
The network will publish its event, record and sidecar…

Promises, one by one

Openno dateThe network will add support for the parts of Ethereum's Pectra upgrade that apply to its smart contract service.
Details
“Support for Ethereum Pectra Release. Defines Hedera’s support for applicable Ethereum Pectra upgrades to maintain EVM compatibility. This work evaluates each Pectra EIP individually, adopting those relevant to Hedera’s Smart Contract Service—such as new cryptographic capabilities and updated gas semantics.”
source · snapshot · captured 2026-09-10
Openno dateOne account will be able to pay the transaction fees for another account without having to approve each transaction individually.
Details
“Sponsored fees. A Delegated Transaction Fee Payment Mechanism, an extension of Hedera’s existing Approval and Allowance API that creates a new allowance type enabling one account to sponsor/pay the transaction fees of another account, without requiring co-signing for every transaction.”
source · snapshot · captured 2026-09-10
Openno dateUsers will be able to attach small custom rules to built-in network services without writing a full smart contract.
Details
“Hiero hooks. Hooks embed business rules directly in native services without requiring full smart contracts or additional HIPs. This reduces overhead compared to contract calls, maintains Hedera’s API performance, and enables quick logic updates while preserving compliance and security, accelerating ecosystem innovation.”
source · snapshot · captured 2026-09-10
Openno dateThe network will use one combined signature from its nodes to certify its agreed state, instead of collecting a separate signature from every node.
Details
“TSS signatures. Instead of requiring individual signatures from every node, TSS signatures allow a single, aggregated signature to represent the consensus state of the network. This streamlines the process, reduces overhead, and ensures faster, more efficient verification.”
source · snapshot · captured 2026-09-10
Openno dateThe second stage of the block node work will let applications obtain proofs that a piece of network data is genuine.
Details
“Block Nodes (2/3) - state proofs. State proofs empower decentralized applications (dApps) and enterprises with provable integrity and auditability of blockchain-based activities. Foundational for future advancements like HashSphere and sharding.”
source · snapshot · captured 2026-09-10
Openno dateThe third stage of the block node work will move node reconnection and state snapshot duties off the main consensus nodes onto block nodes.
Details
“Block Nodes (3/3) - reconnect & state snapshots. Offloads critical services from consensus nodes to block nodes, freeing up server resources for consensus operations, enhancing the scalability of the network by allowing consensus nodes to focus on their core functions. Improves performance, efficiency, and capacity.”
source · snapshot · captured 2026-09-10
Openno dateThe network will publish its event, record and sidecar data as one combined, verifiable stream instead of three separate ones.
Details
“Block Streams. New output stream that merges Hedera’s existing event, record, and sidecar streams into a single stream of verifiable data – enabling richer insights, improved efficiency, and streamlined integrations.”
source · snapshot · captured 2026-09-10
Deliveredno dateBlock node operators can register more than one service address per node in the network's on-chain node list.delivered no date givenOutside check not run yetProof Not checked for an article yet.
Details
“HIP-1137 Enhancements. Completes the on-chain registered-node registry by enabling Block Node operators to publish multiple API endpoints per node through AddressBookService transactions. The BlockNodeEndpoint.endpoint_api field now supports repeated entries, allowing a single endpoint to advertise multiple service types (PUBLISH, SUBSCRIBE, etc.).”
source · snapshot · captured 2026-09-10
The roadmap page lists this item under 'completed roadmap items' in release 0.74. The page gives no release date. source · snapshot · captured 2026-09-10
Deliveredno dateTransaction fees are calculated from a base amount plus extras, priced in US dollars, so the cost can be worked out in advance.delivered no date givenOutside check not run yetProof Not checked for an article yet.
Details
“Simple fees. Introduces a USD-based base + extras fee model with node, network, and service components, enabling deterministic, SDK-compatible fee calculation across more transaction types.”
source · snapshot · captured 2026-09-10
The roadmap page lists this item under 'completed roadmap items' in release 0.73. The page gives no release date. source · snapshot · captured 2026-09-10
Deliveredno dateUsers can opt into a separate lane for creating large numbers of accounts, tokens or similar items, with its own rate limits and usage-based pricing.delivered no date givenOutside check not run yetProof Not checked for an article yet.
Details
“High-volume entity creation. Adds an optional high-volume entity creation mode with separate throttle buckets and utilization-based pricing, leaving standard throttles unchanged unless explicitly enabled.”
source · snapshot · captured 2026-09-10
The roadmap page lists this item under 'completed roadmap items' in release 0.73. The page gives no release date. source · snapshot · captured 2026-09-10
Deliveredno dateConsensus nodes that also run a qualifying block node receive an extra daily payment from a network account, sized against a yearly US dollar target.delivered no date givenOutside check not run yetProof Not checked for an article yet.
Details
“Tier-1 Block Node rewards. Distributes additional daily rewards from account 0.0.801 to consensus nodes operating eligible Tier 1 Block Nodes, based on a target yearly USD reward figure.”
source · snapshot · captured 2026-09-10
The roadmap page lists this item under 'completed roadmap items' in release 0.73. The page gives no release date. source · snapshot · captured 2026-09-10
Deliveredno dateBlock node operators can publish their node addresses on the network so that software can find them automatically instead of using a fixed list.delivered no date givenOutside check not run yetProof Not checked for an article yet.
Details
“Block Node discoverability. Enables operators to publish Block Node endpoints on-chain via AddressBookService, allowing clients to discover nodes dynamically rather than relying on static configuration.”
source · snapshot · captured 2026-09-10
The roadmap page lists this item under 'completed roadmap items' in release 0.73. The page gives no release date. source · snapshot · captured 2026-09-10
Deliveredno dateThe first stage of the block node work is a node that receives and stores the network's block data and lets others fetch blocks from it.delivered no date givenOutside check not run yetProof Not checked for an article yet.
Details
“Block Nodes (1/3) - Block streaming and history. Initial Block Node release is capable of receiving, storing blockstreams and providing an API for block retrieval. Enables future scalability features like HashSphere and sharding, ensuring Hedera can support growing transaction volumes and enterprise usage.”
source · snapshot · captured 2026-09-10
The roadmap page lists this item under 'completed roadmap items' in release 0.66. The page gives no release date. Stages 2/3 and 3/3 of Block Nodes are recorded separately as open promises hedera-005 and hedera-006. source · snapshot · captured 2026-09-10
Deliveredno dateDevelopers and node operators can access an early version of the combined block data stream, using placeholder proofs, for testing.delivered no date givenOutside check not run yetProof Not checked for an article yet.
Details
“Block Streams (developer access). Block Streams with mock proofs publicly available to developers and node operators, enabling testing and integration. This feature offers a comprehensive view of the Hedera mainnet, including events, transactions, and state changes.”
source · snapshot · captured 2026-09-10
The roadmap page lists this item under 'completed roadmap items' in release 0.56. The page gives no release date. This is the developer-access version with mock proofs; the full Block Streams item is still listed as in progress and is recorded as open promise hedera-007. source · snapshot · captured 2026-09-10

What is next, and when?

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Nothing dated

The project has not put a date on anything still open. That is a fact worth knowing.

How big is it next to its rivals?

#16of 166 smart contract platformsthe typical one is worth $107.87M

$3.36Bworth todayprice × coins out

$107.87Mthe typical rival is worthSmart Contract Platform

$301.61Bthe leader is worthEthereum

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Only coins within a hundred times its worth; a coin a thousand times bigger is another world

Record-keeping for businesses

1 coins we checked say they are for record-keeping for businesses, worth $3.36B together. .

Hedera$3.36B

Smart Contract Platform: this coin against its direct competitors

CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Hedera$3.36Bthis coin−0.0%88% out7 of 14 delivered
Ethereum$301.61B89.9× bigger, +$298.25B−2.1%, gap −2.0no max15 of 20 delivered
BNB$95.27B28.4× bigger, +$91.91B−1.2%, gap −1.267% outno record
XRP$87.28B26.0× bigger, +$83.92B+0.0%, gap +0.163% out2 of 3 delivered
Solana$58.89B17.5× bigger, +$55.53B−1.3%, gap −1.2no maxnone dated
TRON$32.06B9.6× bigger, +$28.71B−0.5%, gap −0.5no maxno record
Zcash$19.3B5.7× bigger, +$15.94B−0.1%, gap −0.081% outnone dated
Hyperliquid$17.5B5.2× bigger, +$14.14B−1.5%, gap −1.522% outnone dated

Same job, different how

Smart Contract Platform: this coin next to Ethereum, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.

Hedera says: Hedera is a shared public record-keeping network for transactions and programs, operated by a group of large companies and institutions.
Ethereum says: Ethereum is a shared computer network that lets people hold and use their own money, records and online identity without a company in the middle.

Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.

What it is

Hedera is a shared public record-keeping network for transactions and programs, operated by a group of large companies and institutions.

Its listing puts it this way: Hedera is a decentralized public network where developers can build secure, fair applications with near real-time consensus.

Problem it says it solves: record-keeping for businesses. 6 coins we have checked say the same; together they are worth $8,355,515,356.

Where it trades: Coinbase, Crypto.com, Kraken, Bitstamp, Binance

Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.

Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.

What should make me careful?

Nothing printed today

None of the six tests fails. A missed promise counts only on a record a person has checked.

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Why is it this small?

Smart Contract Platform: this coin next to the group's largest, Ethereum.

	Hedera	Ethereum
Years trading	7 years	11 years
Major exchanges	11	9
Named backers	0	3
Headlines, last month	35	545
Promises delivered	7 of 14	15 of 20

What it says is different: Hedera is a decentralized public network where developers can build secure, fair applications with near real-time consensus.

It is 1.1% the size of Ethereum. On the facts above it is behind on years trading, named backers, headlines, last month, promises delivered. Nothing here says it will; the site does not predict.

The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.

The homework: the coin itself, the news, the record

The coin itself

$0.0765price of one−0.0% today

87%below its highest ever$1 on 15 September 2021

88%of the supply is out43.83B coins

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The last 7 days

7 days ago: $0.0803now: $0.0765 (−4.8%)

Where today sits against its highest ever price

$0.0765

Highest ever: $0.5692 on 15 September 2021. Today is 13% of that.

88%

of all HBAR that will ever exist is already out in public hands: 43.83B coins.

12% (6.17B coins) is already created but not in public hands, held by the project or locked in escrow. That is a small share. Those coins can be sold later, which can push the price down.

out held back. Each dot is 1%.

Pays for every use of its network

Every transaction on its network pays a fee in it. That is the built-in reason anyone needs it.

Every transaction on its network pays a fee in it

$0.0765price of one

43.83Bcoins out

$3.36Bworth today, #29 of all coins

That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.

Basics

of the maximum supply is in circulation: 43.83B of 50B.
6.17Bcoins still to be released, 12% of the maximum. Releases can add selling pressure.
1.1×fully diluted value versus today's market cap. The gap is coins not yet released.
of its all-time high of $0.5692 on 15 September 2021. That is −86.6% from the top.
#29by market cap, $3,356,356,566.
Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.

Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.

Real use, in dollars

$29.41M is locked in apps built on it right now

From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.

What the news says

35headlines, last monththat name this coin

2about governmentregulation, courts, central banks

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Headlines per day, last 30 days

35 headlines named this coin in the last month.

What they were about

Price7
Partnership4
Tokenization2
ETF2
Banks1
Treasury1

In the news

What people are talking about, last month:

Yellow.com, 2d agoHedera's HBAR Falls 11% as Token Consolidates Near Three-Week Lows
Yellow.com, 3d agoMcLaren Racing Joins Hedera Council With Full Voting Rights
Finviz, 3d agoCrypto Hedera / US Dollar HBAR/USD Chart Monthly
Yellow.com, 3d agoMcLaren Racing Joins Hedera Council With Full Voting Rights
Yellow.com, 3d agoWhy McLaren Racing Chose Hedera Over Ethereum For Fan Collectibles
Yellow.com, 3d agoHedera Market Activity Plummets: $54M in Open Interest Vanishes as HBAR Drops 12%
Yellow.com, 3d agoHedera Market Activity Plummets: $54M in Open Interest Vanishes as HBAR Drops 12%
Cryptonews.net, 4d agoOwnera’s Protocol Enhances Hedera’s Multi-Chain Capabilities
Cryptonews.net, 4d agoHedera Hits 10 Million Accounts as Growth Accelerates
genfinity.io, 4d agoCross-Chain Builder Spotlight: XDC, Algorand, and Hedera on Why Adoption Waits for Behavior
YouTube, 5d agoHedera's HBAR PRICE IS FALLING… But Look Who’s STILL Buying
Cryptonews.net, 5d agoRedSwanDigital Tokenizes First Manhattan Building on Hedera
genfinity.io, 5d agoRiskStream Brings a $1.1 Trillion Insurance Market to Hedera With Tokenized Property Risk Data
TechBullion, 5d ago$60K+ Raised, 350M+ Tokens Sold: Apeing Ignites Demand as LTC & HBAR Rally
CoinMarketCap, 5d agoHedera (HBAR) Drops 3.8% in Technical Pullback
cryptonews.net, 6d agoFinBox Tracks Equity on Hedera, Founders Retain Control Keys
cryptonews.net, 6d agoHBAR Price Eyes $0.12 as Hedera Adds Insurance Partner
Bit2Me, 6d agoPrice of Hedera (HBAR) today in EUR – Quote and market trends
Cryptonews.net, 7d agoHedera Reveals Predictable Fee Structure for Users
The Cryptonomist, 7d agoMerck, PwC and The Hashgraph Group are revolutionizing cocoa traceability with the Hedera blockchain
CoinMarketCap, 7d agoHedera (HBAR) Gains 3.05% Amid New Council Partners
cryptonews.net, 9d agoHedera Releases Intelligence Report Highlighting
Pluang, 10d agoHedera Council adds WISeKey and SpaceDev to boo...
genfinity.io, 10d agoInside Hedera’s August 2026: Mastercard, Taurus, and 40+ Banks
genfinity.io, 14d agoRosen Completes Hedera Integration, Moving 56,000 Users to Sub-Cent USDC Payouts Across 200 Countries
Pluang, 15d agoAnalyst projects HBAR could reach $6.76 by matc...
CryptoRank, 17d agoUpbit Temporarily Suspends HBAR Deposits and Withdrawals for Hedera Wallet Maintenance
YouTube, 18d agoHBAR vs Ethereum: Why Hedera Hashgraph’s aBFT Matters to Institutions
CryptoTicker, 19d agoIs Hedera a Good Buy at Current Prices? HBAR Analysis
CoinMarketCap, 20d agoHedera (HBAR) Drops 3.6% in Normal Pullback After Rally
CoinMarketCap, 24d agoHedera (HBAR) Drops 11.6% Amid Market-Wide Deleveraging
CoinMarketCap, 24d agoHedera (HBAR) Surges 8.5% Amid ETF Inflows and Crypto RallyGovernment
CryptoRank, 25d agoGrayscale Withdraws Cardano, Polkadot and Hedera ETF FilingsGovernment
CoinMarketCap, 26d agoHedera (HBAR) +3.30% on Macro Squeeze, Institutional Narrative
CoinMarketCap, 27d agoHedera (HBAR) Surges 4.12% on Breakout, Institutional News

35 headlines in the last month.

Headlines are the publishers' own. News is never placed next to price.

The record itself

Promises14from its own pages

Page copies303 pages watched

Confirmed0by outside news

Checkedpersonchecked against snapshots

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Six facts, the project's own replies, its peers, contract facts, references and every stored copy

What it says it is

Hedera is a shared public record-keeping network for transactions and programs, operated by a group of large companies and institutions.

“The distributed ledger platform built for the digital economy, chosen by the world’s leading institutions.”

source · snapshot · captured 2026-09-10

Stage and age

Live since 16 September 2019, about 7 years.

Promises

7 of 14 promises delivered. 7 open.

Others in enterprise ledgers: Zilliqa 2 of 26, Avalanche 0 of 1, Onyxcoin 0 of 1, VeChain 0 of 19.
Others in smart-contract platforms: Internet Computer 20 of 23, Ethereum 15 of 20, Ozone Chain 13 of 30, Starknet 10 of 24, and 28 more.

Last activity

Last code change on the main repository (hiero-ledger/hiero-consensus-node): today, on 15 September 2026.
The project's homepage page last changed on 14 September 2026.

Open flags

Nothing further to flag from the record as it stands.

Checked?

Every entry on this page has been checked by a person against its snapshot.