Hedera Achieves 20 Billion Transactions, What Does it Mean for HBAR?

9:28 pm
September 5, 2023

Hedera (HBAR) has successfully reached a significant milestone by surpassing 20 billion transactions on its mainnet. Despite the broader crypto market experiencing a slowdown, Hedera’s aggressive growth is evident as it took only 100 days to go from 10 billion to 20 billion transactions, compared to years for the first 10 billion. This achievement highlights real-world adoption and utility of the decentralized public network.

On the HBAR website, it is revealed that Hedera currently processes over 134 million transactions per day and has more than 3.5 million total mainnet accounts. These numbers demonstrate the network’s growing popularity.

The recent partnerships with automakers Hyundai and Kia, as well as the support for the Hedera-based micro-payments platform Dropp Inc by the Federal Reserve’s payments network FedNow, have played a significant role in driving real-world adoption for the network.

HBAR Price

At the time of writing, the price of HBAR was around $0.049. Although it experienced a slight increase, sentiment remains mostly bearish. Positive triggers and further global adoption will be crucial for bulls to achieve their targets. However, if the market experiences an overall downturn, sellers may aim for June lows near $0.040.

Summary:

Hedera (HBAR) has reached a major milestone by recording 20 billion transactions on its mainnet. This accomplishment is significant considering the broader crypto market slowdown. Hedera’s rapid growth is evident as it took only 100 days to double its transaction count from 10 billion to 20 billion. The network currently processes over 134 million transactions per day and has more than 3.5 million mainnet accounts. Recent partnerships and support from renowned organizations have contributed to the network’s real-world adoption. The price of HBAR is currently around $0.049, with a bearish sentiment prevailing.

FAQs:

What is Hedera’s mainnet transaction count milestone?

Hedera has recorded 20 billion transactions on its mainnet, a significant achievement considering the slowdown in the broader crypto market.

How long did it take Hedera to go from 10 billion to 20 billion transactions?

Hedera achieved the second 10 billion transactions in just 100 days, demonstrating its rapid growth and adoption.

What are Hedera’s current network metrics and achievements?

Hedera currently processes over 134 million transactions per day and has more than 3.5 million mainnet accounts. The network’s partnerships with automakers Hyundai and Kia, as well as the support from the Federal Reserve’s payments network FedNow for Hedera-based micro-payments platform Dropp Inc, have contributed to its real-world adoption.

What is the price of HBAR?

At the time of writing, HBAR is priced around $0.049. Although it has experienced a slight increase, the overall sentiment is bearish.


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