Hedera

Hedera is a public, decentralized network designed to let developers build applications that require fast, tamper-evident record-keeping and consensus. Its native token, HBAR, is used to pay for services on the network and to secure the network itself. The platform targets enterprises and developers who need an auditable, ordered log of events — for example in supply-chain tracking, advertising verification, or any workflow where the sequence and timing of transactions must be trusted.

Rather than a traditional blockchain, Hedera uses a Directed Acyclic Graph structure called Hashgraph, which allows transactions to be ordered and timestamped with near-zero block time — the stored figure is 0.0 minutes, reflecting that finality happens in seconds without discrete blocks. HBAR is spent as a fee each time a transaction or message is submitted to the network, making it the fuel for the Hedera Consensus Service and other network services. The network is governed by a council of named global organizations, which collectively manage protocol decisions.

The network collected 673 HBAR-equivalent in fees over the trailing 24 hours, 20,397 over the trailing 30 days, and 290,857 over the trailing 12 months, with annualized fees extrapolated from the 30-day window sitting at 248,163. Fee growth over the last 30 days was 73.01 percent, indicating recent acceleration from a small base. Revenue — defined here as the portion of fees the protocol retains — was 0.0 for the 24-hour, 30-day, and trailing 12-month periods, meaning the protocol does not capture fees for itself; all collected fees flow to network operation costs rather than accruing to a treasury or token holders. This makes fee-yield and market-cap-to-fees ratios on this site descriptive of network usage intensity rather than of any income directed to the protocol.