Bubble
Hedera HBAR
Hedera (HBAR) was trading at $0.0698, ranked #25 by market cap at $3.06B, with 24h volume of $122.24M.
Data snapshot: 2026-07-22 18:00 UTC.
Hedera is an enterprise-focused distributed ledger launched in 2019 that uses hashgraph consensus rather than a traditional blockchain, aiming for high throughput, low fees and fast finality. It's governed by a council of large global companies across finance, tech and academia rather than a single foundation, and HBAR is used to pay for network fees and services. Hedera is governed by a council of large organisations that run the network's nodes, which is unusual: most chains are permissionless at the validator level, while Hedera's validators are named institutions. It uses a hashgraph consensus algorithm rather than a conventional blockchain, aiming for fast finality and predictable, very low fees quoted in fiat terms. That design targets enterprise use — supply-chain records, tokenised assets, audit trails — rather than open DeFi. On a market map HBAR usually behaves like a large altcoin, moving with general risk appetite, with occasional moves driven by enterprise or council announcements specific to it.
Is Hedera a blockchain?
Not in the usual sense. It uses a hashgraph consensus algorithm, a different data structure from a linear chain of blocks, though it serves the same purpose of ordering and confirming transactions.
Who runs the network?
A governing council of established organisations operates the consensus nodes. This is a deliberate design choice aimed at enterprise adoption, and it is also the most common criticism of the network's decentralisation.
What is HBAR used for?
It pays for transactions, file storage and smart-contract execution on the network, and is staked to nodes.
Why are Hedera's fees so predictable?
Fees are set in fiat-denominated terms and converted, so the cost of a transaction stays stable even as the token price moves.
Market cap decides how big a bubble is drawn, so rank is what places HBAR on the map relative to the rest of its sector.
| Rank | Coin | Market cap |
|---|---|---|
| #23 | Litecoin (LTC) | $3.59B |
| #24 | Sui (SUI) | $3.08B |
| #25 | Hedera (HBAR) | $3.06B |
| #26 | Avalanche (AVAX) | $2.80B |
| #32 | NEAR Protocol (NEAR) | $2.48B |