Hedera (HBAR) hits main milestone with 20 Billion transactions

• Hedera (HBAR) has hit a document 20 billion mainnet transactions.
• HBAR value rose barely on Tuesday. Nevertheless it stays in a long-term downward development at round $0.049

Hedera is celebrating a significant milestone as a crypto platform – the mainnet transaction depend has surpassed the 20 billion mark.

So far as what this implies for the decentralised public community, it’s a important achievement made all of the extra notable by the truth that the broader crypto market has seen a slowdown of exercise. This whilst crypto winter begins to recede into the rearview mirror for this cycle.

On Tuesday, Hedera posted the community’s achievement on X (fka Twitter), and famous one thing that factors to the way it’s recorded aggressive progress over the previous few months and weeks. Per the X publish, whereas it took years for complete transactions to hit 10 billion, the march to twenty billion solely took 100 days.

#Hedera: 20 Billion Transactions

1,738 days for the primary 10 billion –
100 days for the following 10 billion.

Actual-world adoption; real-world utility.#HelloFuture pic.twitter.com/3kuYu8uNGw

— Hedera (@hedera) September 5, 2023

In different key community metrics on the HBAR web site, particulars present Hedera presently processes over 134 million transactions per day. Complete mainnet accounts have grown to greater than 3.5 million.

A part of what’s pushed real-world adoption for the community is latest partnerships with automakers Hyundai and Kia and the assist for Hedera-based micro-payments platform Dropp Inc by the Federal Reserve’s funds community FedNow.

HBAR value

The value of HBAR was hovering round $0.049 on the time of writing, having retreated from weekly highs of $0.056. The present stage was barely within the inexperienced with 1.7% upside however traded greater than 10% off its weekly peak as most altcoins mirrored Bitcoin’s declines to below $26k.

Whereas HBAR noticed an uptick right this moment, sentiment is essentially nonetheless bearish. Constructive triggers alongside additional world adoption might be key to bulls’ makes an attempt to hit targets. 

Nevertheless, an general downturn available in the market might dictate draw back motion and see sellers purpose for June lows close to $0.040.