- The Hedera network has achieved a significant milestone by processing over 13 billion transactions on its mainnet with an impressive throughput of over 1400 transactions per second.
- Hedera’s Consensus Service, coupled with new tools like the ChatGPT plugin, have bolstered its adoption and its position as a leading distributed ledger technology.
The Extraordinary Feat of Hedera Hashgraph
Hedera, a prominent player in the realm of Distributed Ledger Technology (DLT), has recently established a new benchmark in its operational history. The network recorded an astounding 13 billion transactions on its mainnet, all the while maintaining an exceptional throughput exceeding 1400 transactions per second (TPS). This milestone speaks volumes about Hedera’s unparalleled performance amidst other DLT platforms, catching the eye of crypto analysts such as CrediBULL Crypto.
#Hedera: 13 Billion transactions
— Hedera (@hedera) July 5, 2023
Celebrating the 13 Billion Milestone
The landmark accomplishment was proudly shared by Hedera on their Twitter page, celebrating over 13 billion transactions on their mainnet, with the peak TPS reaching 1542. The latest metrics, provided by Arkhia, further illuminate Hedera’s triumph. According to their data, the Hedera Mainnet has logged an impressive 13,015,649,812 transactions at the time of writing, with the Testnet clocking 1,152,691,899 transactions.
In the grand panorama of DLT, Hedera’s operational excellence stands unrivalled. The network’s core focus on enterprise-based applications has been instrumental in this success. This commitment to performance and versatility is further exemplified in the recent launch of the ChatGPT plugin, as reported by CoinGape. This tool enhances the user experience by providing seamless access to HBAR and token balances within the Hedera network, thus enabling the development of decentralized applications with greater ease.
A Testament to Hedera’s Success
Hedera’s Consensus Service has also played a crucial role in driving its adoption and fostering impressive revenue growth. As highlighted in a recent Messari crypto report, the network has experienced an extraordinary quarter-on-quarter growth rate of 489%. This burgeoning adoption has not only fortified Hedera’s status as a leading DLT platform, but it also reflects positively on its native token, HBAR.
At present, HBAR trades at $0.04759582. Its 24-hour trading volume amounts to $22,020,683, despite a -3.56% plunge in the last 24 hours. The live market capitalization for HBAR stands robustly at $1,534,924,629.
The data and recent accomplishments illustrate the robust capabilities of Hedera as a leading DLT. The innovative drive and constant evolution make Hedera a network to watch as we venture further into the evolving landscape of blockchain technology.