Hedera (HBAR) Q2 Update: Market Cap Climbs, Daily Transactions Boom, Revenue Follows
Hedera (HBAR) showed notable performance in Q2, reversing a downward trend seen in many projects. Despite a 29% decrease in circulating market cap to $2.7 billion, HBAR rose from 36th to 30th among all tokens. Revenue increased by 26% to $1.4 million, with HBAR revenue up 19% to 14.6 million. By the end of Q2, 72% of the total 50 billion HBAR was in circulation, with 1.5 billion HBAR set for release in the next quarter, primarily for ecosystem development. Daily accounts grew by 31% to 11,100, while daily active addresses fell by 37% to 10,600. Average daily transactions rose by 46% to 132.9 million. Staking reached 62.2% of circulating supply, indicating strong engagement. However, DeFi metrics showed declines in Total Value Locked (TVL) in both USD and HBAR. HBAR's price dropped 22% over the past month to $0.050, remaining 91% below its all-time high of $0.056 from September 2021. Trading volume decreased by 35% in the last 48 hours.
