Welcome to the Hedera Overview, providing a suite of updates for Hedera enthusiasts, users, developers and curious-minded web3 users about all that’s happening in the ecosystem.
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The Ecosystem Insights
HBAR token price: $0.07 (-10.5%)
Market cap: $3.07B (-11.6%)
Total value locked (TVL): $42.5 (-9.29%)
Transactions per second: 3.31 (-43.0%)
The percentages and metrics are calculated from its change over a 14-day time frame, unless noted otherwise.
Hedera Highlights
#️⃣ What's happening: Global Digital Finance (GDF) and the International Swaps and Derivatives Association (ISDA), a global trade organization for the over-the-counter (OTC) derivatives markets, have jointly published a report on using tokenized money market funds (TMMFs) as collateral. The report centers around a multi-firm industry sandbox, in which Hedera serves as a native settlement network to handle the transactions and movement of funds.
#️⃣ Why it matters: When two firms trade with each other, each side has to post collateral, with assets pledged as a safety deposit in case the other side can't pay. Today, firms often can't post a money market fund directly. They have to sell it for cash first, hand over the cash, and buy back into a fund later. That's slower, adds complexity, and ties up money that could be put to work elsewhere.
The report’s sandbox experiment tested whether a tokenized fund could skip all that and be handed over directly. The hardest case was "initial margin," the collateral posted up front at the start of a trade. Rules require that this collateral be walled off and protected to make it clear who it belongs to, keep it safe even if one firm goes bankrupt, and ensure it can’t be quietly reused by anyone else.
During the test, funds issued directly on Hedera were pledged as initial margin and locked into a protected structure that was enforced automatically. Federated Hermes' tokenized fund settled a $10 million pledge directly on Hedera, without moving the asset to another system, while Fidelity's Hedera-based fund settled in a linked step alongside a JPMorgan fund on Ethereum. The receiver, U.S. Bank, could see the collateral on the blockchain in real time but couldn't grab it on its own as it could only be released under the rules written into the software. Importantly, the firm that pledged the fund kept earning its interest the whole time, something the old cash-swap process usually interrupts.
In this situation, the blockchain was acting as a faster plumbing layer underneath the existing system. In one version of the test, traditional oversight still sat with a middleman (State Street), and the technology was deliberately built so it doesn't lock anyone into a single blockchain.
#️⃣ The bigger picture: This is part of a fast-growing push to move traditional financial assets onto blockchains. The total value of these "real-world" tokenized assets now sits at $33.48 billion, roughly 10-times higher than its 2024 level, and two-thirds of firms surveyed plan to launch tokenized money market funds before the end of 2027. Regulators are warming up too as the Commodity Futures Trading Commission (CFTC) issued guidance in December 2025 encouraging firms to use tokenized assets as collateral, and new U.S. laws are giving the whole area firmer footing.
For Hedera, the sandbox was a major confidence booster for firms looking to move onchain. It demonstrated that the network can handle large amounts of capital at scale, and offered new use cases for existing financial products like money market funds, overall building trust in the system.
Ecosystem players
Hedera now supports real-time streaming of interest and cash flows for tokenized securities through a partnership with Archax, a UK-based digital asset platform. Instead of batching coupon and interest payments into fixed monthly or quarterly dates, the feature streams yield to holders continuously in USDC, with ownership and payment linked at the protocol level so whoever holds the token automatically receives the matching slice. It is the second Archax product built on Hedera, following its pooled tokens, and Archax is the first platform to offer the service on the network.
Australian Payments Plus has built a "token interchange" as part of Project Acacia, a Reserve Bank of Australia (RBA) and Digital Finance Cooperative Research Centre (DFCRC) initiative exploring wholesale tokenized asset markets.
Hedera held a hackathon at ETHGlobal in New York, which saw 11 teams competing for $15K in prizes across four bounty tracks: AI and agentic payments; tokenization; no solidity allowed; and autonomous onchain automation platforms.
Fireblocks has added support for Hedera Token Service (HTS), Hedera's native token standard, expanding its existing integration with the blockchain.
Hedera will be hosting the Hiero Community Day on July 7 in Berlin. The event will bring together Hiero maintainers, contributors, adopters, and open-source developers for talks and demos on where Hiero is headed.
The Hashgraph Group has partnered with Merck to extend the former’s TrackTrace Digital Product Passport (DPP) platform by integrating Merck's physical authentication technology. The collaboration is meant to help companies comply with upcoming EU product-transparency regulations.
Unpacking the hash
The Blockchain Association held a "Member Fly-In," meeting with 52 Senate offices to push for a floor vote on the Digital Asset Market Clarity Act. The meeting followed a June 7 coalition letter signed by more than 200 crypto organizations. Hedera is one of the most visible advocates in this push, as a member of both the Blockchain Association and the coalition.
Hedera won the International Association for Trusted Blockchain Applications (INATBA)'s Tokenization and Market Infrastructure award, which recognizes real-world impact in shaping blockchain adoption.
Hedera has joined as a founding member of the American Arbitration Association's new Legal Context Protocol, which aims to create guidelines for legal terms, consent, and dispute-resolution processes when AI agents transact on behalf of people or organizations. The founding contributors include Google, IBM, Circle, Wayfair, the Stellar Development Foundation, Ava Labs, Cardano, Crossmint, the Aptos Foundation, Sei Labs, and Mysten Labs.
Hedera is partnering with Banxa to let its users make fiat-to-crypto transactions directly on its network. The integration allows users to buy USDC and other Hedera-native assets using payment methods in more than 150 countries.
Hedera’s Consensus Node Release v0.74 went live on mainnet on June 10. The headline feature of the release is block node discoverability via an onchain node registry that gives the network an operator-managed way to discover block node services. It also supports more complex block node configurations, and links consensus node accounts to registered nodes for daily subsidy payments.
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.