Hedera Hashgraph is a public network based on distributed ledger technology (DLT), developed for businesses and companies as a platform for decentralized services and applications. Hedera positions itself as a third–generation public network, the next stage in the development of bitcoin and Ethereum. The strengths of the project include high scalability, security, smart contracts, energy efficiency and low usage fees.

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@Hedera 's strong performance continued throughout Q3'23.

Transaction volume saw an increase for the 5th consecutive quarter, and network revenue grew by 30%, crossing 1M for the first time.

HBAR ended the quarter as the 31st largest crypto protocol by market capitalization.