#33 / Infrastructurehedera-hashgraphPartially verified
Hedera
A council-governed distributed ledger built for enterprise throughput.
Token
HBAR
Sector
Enterprise DLT
Category
Infrastructure
Organizations
0
Coverage
9/11
Live market data
HBAR market
CoinGecko data; may be delayed.
Tokenomics
Circulating vs diluted1.13x
- Circulating supply
- 44.33B
- Total supply
- 50.00B
- Max supply
- 50.00B
88.7% of the achievable supply is already circulating.
All-time high (ATH)
$0.57 -86.81% · Sep 15, 2021
Source: CoinGecko, snapshot of Oct 28, 2026. Figures may be delayed.
On-chain fundamentals
- Chain TVL
- $30.92M
Source: DefiLlama, data as of · Revenue is not reported by every protocol.. Figures are informational, not financial advice.
Why it matters
Hedera uses hashgraph consensus rather than a conventional blockchain structure, and is governed by a council of large organizations that run the network's nodes. That model delivers predictable fees and high throughput and reassures enterprise adopters, while attracting criticism from those who consider council governance materially more centralized than open validator sets.
General research guidance, not analysis specific to this asset. Detail is pending.
Track the real organization or foundation behind the token, not just the ticker.
Separate token utility from price action before building a position.
Compare network usage, liquidity, incentives, and governance quality against nearby competitors.
How it works
Hedera uses hashgraph consensus: nodes gossip signed transactions, and the shared history acts as virtual voting to reach asynchronous BFT finality in seconds — no mining, no probabilistic confirmation. On top sit EVM-compatible smart contracts, native tokenization, file storage and structured logging services.
Token utility
Network fees for transactions and consensus service
Staking to network nodes
Enterprise data integrity and tokenization services
Value capture
HBAR pays fees denominated in dollars, and network fee revenue is burned, so usage mildly deflates supply; staking HBAR to nodes earns rewards. Enterprise services built on the network are the demand driver the model leans on.
Supply and issuance
HBAR has a fixed 50 billion supply released on a long-term schedule managed by the Hedera Council, with fee burn permanently removing a slice. The unlock pace is a governance choice, not a market one — worth watching.
Governance
The Hedera Council — up to 39 term-limited enterprises including Google, IBM and Deutsche Telekom — runs consensus nodes and votes on protocol and treasury decisions. It is deliberately permissioned: the trade-off is enterprise-grade predictability in exchange for anonymous, token-holder governance.
Key risks
Council governance is more centralized than permissionless validator sets
Enterprise adoption is slower to translate into token demand
Competes with both public chains and private enterprise ledgers
Frequently asked questions
Is hashgraph the same as blockchain?
No. Instead of batching transactions into sequentially linked blocks, hashgraph orders events through a gossip-about-gossip DAG with virtual voting, achieving fair ordering and aBFT finality without forks.
Who actually controls Hedera?
A council of term-limited global corporations. That gives predictable upgrades and institutional accountability, but it is a permissioned governance model — a genuine trade-off, not a footnote.
References
Last verified:
- A future built on enterprise trust | Hedera
Hedera · hedera.com · primary source
The project's official site, retrieved on the date shown, supporting how it describes itself. It does not establish supply, governance or issuance mechanics.
Accessed
Linked organizations
MapPending linkage to a concrete organization on the map.
Relationships
Related to
Algorand
Adjacent asset in the same research context.
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Competes with
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