$HBAR Hedera’s Q3 Achievements: Record Revenue and Network Growth

Hedera performed strongly in Q3 with record revenue and network growth. Despite a 21% drop in HBAR market cap and a 20% drop in price in Q3, Hedera managed to achieve a record revenue of 27 million HBAR, an 85% increase from the previous quarter.

Revenue in US dollars also rose 10% to $1.6 million, making it the second highest revenue quarter in USD terms. Hedera’s Consensus Service was the main contributor, with revenue increasing 94% and accounting for 89% of the network’s total revenue.

Staking activity also remained strong, with 22.3 billion HBAR staked, representing 59% of the circulating supply. The total value locked (TVL) in HBAR increased 9%, indicating that the USD decline was primarily due to HBAR price depreciation rather than capital outflows.