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Hedera (HBAR) Q3 Triumph: Transaction Volume Soars, Network Revenue Crosses 1M Milestone
According to a recent report by the online database platform Messari, the Hedera ( HBAR ) Network, an open-source, public blockchain governed by the Hedera Governing Council, has showcased significant growth in the face of a challenging crypto market during Q3 2023.
Hedera Network Hits New Record With 99 Million Daily Transactions
Per the report, Hedera Network’s transaction volume continued its upward trajectory, achieving a new record of 99 million daily average transactions in Q3 2023.
This milestone marks the fifth consecutive quarterly increase in transaction activity, with the Hedera Consensus Service responsible for 99% of all transactions on the network.
According to Messari, the Hedera Consensus Service largely drove the revenue growth and remained independent of HBAR’s price fluctuations, as transaction fees are fixed in USD terms.
Read More: https://www.newsbtc.com/news/hedera-hbar-q3-triumph-transaction-volume-soars-network-revenue-crosses-1m-milestone/
According to a recent report by the online database platform Messari, the Hedera ( HBAR ) Network, an open-source, public blockchain governed by the Hedera Governing Council, has showcased significant growth in the face of a challenging crypto market during Q3 2023.
Hedera Network Hits New Record With 99 Million Daily Transactions
Per the report, Hedera Network’s transaction volume continued its upward trajectory, achieving a new record of 99 million daily average transactions in Q3 2023.
This milestone marks the fifth consecutive quarterly increase in transaction activity, with the Hedera Consensus Service responsible for 99% of all transactions on the network.
According to Messari, the Hedera Consensus Service largely drove the revenue growth and remained independent of HBAR’s price fluctuations, as transaction fees are fixed in USD terms.
Read More: https://www.newsbtc.com/news/hedera-hbar-q3-triumph-transaction-volume-soars-network-revenue-crosses-1m-milestone/
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