Provenance Blockchain

Provenance Blockchain is a Layer 1 public blockchain built specifically for financial markets, using the Cosmos SDK and a proof-of-stake consensus model. Its native token, HASH, is the unit of account and utility token for the network. The project describes its purpose as modernising legacy financial infrastructure by giving institutions and users a more transparent and efficient alternative for activities such as asset issuance and settlement.

Provenance Blockchain reaches agreement on its ledger through proof-of-stake consensus, meaning validators stake HASH to participate in block production and secure the network. It is a sovereign chain built on the Cosmos SDK, which means it operates its own validator set rather than inheriting security from another chain. HASH is used to pay transaction fees on the network, and the chain currently hosts approximately 483,827,241.56 in stablecoin supply, indicating it is actively used to settle or represent real-world financial instruments.

The network collected 23,802 in fees over the most recent 24-hour period, 125,082 over the trailing 7 days, 347,606 over the trailing 30 days, and 3,443,857 over the trailing 12 months, with fees growing 99.55 percent over the last 30 days. Annualised from the trailing 30-day figure, fees run at approximately 4,229,206.33. However, the protocol's recorded revenue over the trailing 30 days and over the trailing 12 months show that no fees are retained by the protocol itself as revenue after the most recent 12-month figure of 490,295 is noted separately, and the 30-day revenue figure is zero, meaning fee income in the recent period flows entirely to validators and stakers rather than to a protocol treasury.