Hedera Hashgraph
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Hedera Hashgraph in numbers
Hedera Hashgraph (HBAR) ranks #29 by market capitalization, at $4.54B. It belongs to the Networks sector (Layer-1). It has traded since Sep 17, 2019, across 74 markets on 41 exchanges, with $78.57M of volume in the last 24 hours. Its all-time high of $0.560009 was reached on Sep 15, 2021; the current price is 88.1% below that peak. Its cycle low of $0.0359541 came on Dec 31, 2022.
88.7% of the maximum supply of 50.00B HBAR is in circulation. 11 investors are recorded as backers, including Digital Currency Group, Multicoin Capital, Blockchange Ventures. 3 team members are listed. Development data lists 66 core developers and 87,217 code commits.
About Hedera Hashgraph
Hedera is a public distributed ledger platform that uses the hashgraph consensus mechanism to enable cryptocurrency transactions, smart contracts, tokenization, and decentralized file storage. It supports developers in creating scalable and secure decentralized applications for enterprise and consumer use cases, offering high transaction throughput, low latency, and security across various industries.
Background
The idea to build Hedera was conceived in 2015 by computer scientist Leemon Baird, who aimed to create a scalable distributed consensus that would serve as “the trust layer of the internet.” Hence, he developed the Hashgraph Consensus Algorithm and formed Swirlds, Inc. with Mance Harmon in the same year. In 2016, the duo raised seed funding to build a public distributed ledger, launching the project under Hashgraph Consortium LLC.
Other notable events throughout Hedera’s development history include:
In July 2025, United States President Donald J. Trump signed the GENIUS Act into law after it was successfully approved by the Senate and U.S. House of Representatives.
In June 2025, The Hedera team has launched Stablecoin Studio, an open-source SDK for issuing and managing stablecoins on the Hedera network.
Following on the regulatory clarity, DTCC added Hedera to its ETF listing framework in September 2025 - a key infrastructure prerequisite for U.S.‑traded crypto ETFs.
Canary Capital and Grayscale have both filed ETF registrations for HBAR with the U.S. SEC, with decisions postponed to November 2025.