Hedera (HBAR) Price
Source mode: Binance public market data
Reference price
+1.26% in 24h
Market capitalization
$1.95B
24h trading volume
$6.76M
24h range
24h price trend
Hourly closes over the last 24 hours
About this asset
What is Hedera?
Hedera is a public distributed ledger that uses the hashgraph consensus algorithm rather than a conventional blockchain, governed by a council of large organisations, with HBAR used for fees and staking.
As of 5 November 2026 at 12:01 UTC, Hedera (HBAR) was priced at $0.07203, up 1.26% over 24 hours, according to Binance public market data. Prices differ between exchanges; confirm on your chosen venue.
- Mainnet
- 2019
- Co-founders
- Leemon Baird and Mance Harmon
- Consensus
- Hashgraph (aBFT) with proof of stake
- Max supply
- 50 billion HBAR
Hashgraph instead of blocks
Leemon Baird invented the hashgraph algorithm, and he and Mance Harmon built Hedera around it, opening the mainnet to the public in 2019. Nodes share transactions by 'gossiping' with one another and also gossip about the history of that gossip. From this record each node can calculate the agreed order of transactions without miners or block producers.
The algorithm is asynchronous Byzantine fault tolerant, a strong theoretical security property, and gives finality within seconds. Hedera's code was originally patented, but the governing council bought the rights and released the algorithm under an open-source licence in 2022. In 2024 the full codebase was contributed to the Linux Foundation as an open-source project called Hiero.
A council-run network and the uses of HBAR
The Hedera Council, made up of large companies, universities and other organisations from different sectors, governs the network and has historically operated its consensus nodes. Members serve fixed terms. Supporters see this as stable, accountable stewardship; critics argue it is more centralised than permissionless networks.
All 50 billion HBAR were created at launch, with no mining or ongoing issuance; tokens are released from treasury over time. HBAR pays for transactions, smart contract execution and services such as the Hedera Consensus Service, which timestamps and orders messages for external applications. Holders can stake HBAR to nodes to help secure the network. Fees are set in US dollar terms, so costs stay predictable for businesses. Hedera's smart contract service is compatible with the Ethereum Virtual Machine, so Solidity code and common Ethereum tools can be used.
HBAR in the market
Announcements involving council members or enterprise pilots often attract attention, but such partnerships do not always translate into sustained on-chain usage. Treasury releases add to circulating supply over time.
HBAR has a large circulating supply and a low unit price, which sometimes leads newcomers to misjudge its overall valuation. It tends to follow broader altcoin cycles, with spot and futures liquidity on most major exchanges.
Frequently asked questions
Is Hedera a blockchain?
Not in the usual sense. Hedera uses a hashgraph, a graph of events built through gossip, rather than a chain of blocks, although it serves the same purpose of ordering transactions.
Who controls Hedera?
The network is governed by the Hedera Council, a group of organisations that serve fixed terms. The source code itself is maintained as the open-source Hiero project under the Linux Foundation.
Will more HBAR be created?
No. The total supply of 50 billion HBAR was minted at launch. Circulating supply rises as tokens are released from the treasury.