Blockchain analytics firm Santiment has ranked Hedera ($HBAR), Chainlink ($LINK), and Avalanche ($AVAX) as the top three crypto projects by real-world asset (RWA) development activity, based on 30-day GitHub data.
How the Rankings Stack Up Hedera retained the number one position, holding a development activity score of 278.17, according to Santiment data. Chainlink followed in second place with 215.37 points, while Avalanche ranked third at 135.13. Stellar ($XLM) climbed to fourth with a score of 110.9, rounding out a clear top tier ahead of the rest of the field.
The broader top ten includes IOTA ($IOTA), Chia ($XCH), Injective ($INJ), Dusk Network ($DUSK), VeChain ($VET), and Centrifuge ($CFG). Santiment's directional indicators, which track each project's monthly ranking movement, showed Injective, Dusk, and Centrifuge rising, while VeChain slipped lower.
Santiment's methodology measures notable GitHub contributions over a rolling 30-day window, pulling data directly from project repositories. The metric tracks development work rather than price performance, making it a gauge of sustained builder commitment.
Why Development Activity Matters for RWAs High development activity in the RWA space typically signals ongoing protocol upgrades, active code contributions, ecosystem expansion, and institutional integration efforts. While it does not map directly to price performance, it is widely treated as a long-term indicator of ecosystem health.
These three networks are at the centre of efforts to integrate physical and financial assets, including treasuries, bonds, and other traditional instruments, into blockchain infrastructure. Hedera's leading position reflects its continued push into enterprise adoption, while Chainlink's role as a leading oracle provider makes it a key connector between off-chain data and on-chain applications. Avalanche, meanwhile, has seen recent integrations with banks and asset managers deploying tokenized funds.
With RWA tokenization gaining momentum as a major crypto narrative in 2026, the projects leading in developer activity may be best placed to capture the next wave of institutional adoption.
Sources:
Crypto Economy: Hedera, Chainlink, and Avalanche Emerge as Core RWA Hubs
Crypto News Flash: Hedera, Chainlink, and Avalanche Lead RWA Developer Growth
HBAR has extended its upward momentum after moving past a key resistance, with technical signals pointing to increased buying activity. The cryptocurrency now holds above a crucial support zone, which is viewed by market observers as a sign that recent gains may continue in the short term.
Price performance and trading metricsHBAR, the native token of the Hedera network, is currently priced at $0.07317, reflecting a 5.05% increase over the last 24 hours. The asset has registered a daily trading volume of $156.38 million and boasts a market capitalization of $3.20 billion, indicating a resurgence in trading interest among investors.
Crypto analyst Alpha Crypto Signal noted that HBAR managed to flip a local horizontal resistance into a support area on July 23. According to Alpha Crypto, holding above this newly established support could keep the short-term trend tilted in favor of buyers, while a drop below it might undermine bullish momentum.
Alpha Crypto Signal emphasized that as long as HBAR trades above the regained support, buyers are likely to remain active, potentially fostering further upside in the near term.
Technical outlook: Bollinger Bands and MACDFrom a technical perspective, HBAR is trading above the mid Bollinger Band, which sits around $0.06965. The token is approaching the upper Bollinger Band at $0.07616, while the lower band lies at $0.06314. This configuration suggests that sustained buying pressure could encourage a move toward the resistance zone near the upper band, but profit-taking could occur if prices extend too quickly.
Mini dictionary: Bollinger Bands, a technical analysis tool, consist of three lines—an upper, a middle (moving average), and a lower band—that help traders gauge price volatility and possible support/resistance levels.
The MACD (Moving Average Convergence Divergence) indicator has produced a bullish crossover, as the MACD line has climbed above the signal line to reach -0.00132, compared with the signal line at -0.00229. The MACD histogram now stands at 0.00097, reflecting growing buying momentum. Despite both lines remaining below the zero threshold, early signs hint that selling strength from bears is easing.
Mini dictionary: MACD (Moving Average Convergence Divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price and can signal potential buy or sell opportunities.
MetricCurrent ValueHBAR price$0.07317Daily trading volume$156.38 millionMarket capitalization$3.20 billionUpper Bollinger Band$0.07616Middle Bollinger Band$0.06965Lower Bollinger Band$0.06314Key support and resistance levelsThe immediate focus for market participants is whether HBAR can retain its position above the reclaimed support zone while facing resistance around the $0.076 area. A clear move above this resistance may strengthen the bullish outlook and attract additional buyers. In contrast, failure to hold the support could lead to a retracement toward the middle Bollinger Band, potentially weakening the current structure.
While technical indicators suggest that sellers have lost short-term control, trading activity in the coming sessions will determine if HBAR can convert this breakout into sustained growth.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
One crypto analyst says Hedera’s HBAR is approaching a critical test, with a potential $268 million token release looming in the current quarter. The figure comes from Hedera’s own Treasury Management Report. The latest forecast shows 4.07 billion HBAR scheduled for release in Q3 2026. Around 3.88 billion HBAR is tied to the ecosystem development program. This funding goes primarily to the Hedera Foundation.
The Release Story Is Not That SimpleThe analyst stressed that “released” does not mean sold. According to Hedera’s definition, tokens are considered released when they move from accounts controlled by the Hedera Council to accounts controlled by another party, often the Foundation. Those tokens can still be held for months or quarters.
The analyst also noted that Hedera does not itself define or use the term “circulating supply.” Therefore, the supply figures reported by different trackers may rely on their own definitions.
The latest forecast would represent the second-largest quarterly release in Hedera’s history, behind Q1 2023. However, past forecasts have not always matched actual movements. A projected 4 billion HBAR release in Q2 ultimately saw only 186 million HBAR move. The previous quarter forecast 3.72 billion HBAR, while actual movement was around 383 million.
The analyst says this leaves two possibilities: the Foundation may be deliberately slowing distribution, which could reduce immediate selling pressure. Alternatively, the forecast column may be unreliable.
Treasury Is Nearly SpentIf the latest forecast is completed, around 47.5 billion of the 50 billion pre-mined HBAR would be distributed. This would leave just 2.4 billion, or less than 5%, unreleased. However, the original distribution schedule runs until roughly 2033. Moreover, Hedera only publishes one forecast quarter at a time.
The analyst also challenged claims that a previous HBAR release triggered a 700% rally. HBAR rose from roughly $0.05 to $0.39 between September and December 2024, but the 3.97 billion HBAR release came afterward in Q1 2025, followed by an 83% decline to around $0.0612.
The Bigger Question Is Network RevenueThe analyst’s biggest concern is whether Hedera can eventually fund itself through network fees. Current fees were around $1,354 per day, or roughly $1.5 million annually, against a market capitalization near $3 billion.
Fees are not burned. They are distributed to staking rewards, node rewards and the network treasury. Hedera also raised a major transaction fee from 0.1 to 0.8 in January to improve long-term sustainability.
Overall, the analyst remains open to the bullish case, noting that released tokens are not automatically sold and fees could grow rapidly. But the core takeaway is clear: after eight years of Treasury-funded operations, Hedera must increasingly prove that its network activity can pay the bills itself.
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Hedera Hashgraph’s native token HBAR is trading at $0.06981 as the network tests a key resistance level that could trigger a bullish breakout if buying pressure continues. Over the past 24 hours, HBAR has risen 3.78%, reaching a market capitalization of $3.05 billion and recording a trading volume of $68.6 million.
Resistance test fuels bullish expectationsTechnical analysis from ZAYK Charts shows that HBAR is currently approaching a crucial resistance trendline that has previously capped rallies. This level is seen as decisive for determining the short-term direction of the token.
Analysts suggest that should HBAR decisively move above this resistance, renewed bullish momentum could result in further gains. A clear breakout could pave the way for a targeted move toward $0.84, representing potential upside of 20% to 30% from recent levels.
Traders are monitoring whether sustained buying activity can propel HBAR beyond this trendline, which would validate the bullish scenario and attract additional investor interest.
Market participants state that rising trading volumes and positive sentiment are crucial at this stage. The ability to maintain higher volumes would likely signal renewed confidence in HBAR’s outlook as it seeks to confirm a breakout.
MetricCurrent ValueHBAR Price$0.06981Market Cap$3.05 billion24h Trading Volume$68.6 millionPotential Upside Target$0.84Network developments support growthHedera is reinforcing its blockchain ecosystem by integrating features such as rapid transaction finalization, predictably low fees, and high throughput. The network’s full compatibility with the Ethereum Virtual Machine (EVM) allows developers to implement and execute smart contracts using standard Ethereum-based tools like Solidity.
The Hedera Smart Contract Service enables existing Ethereum projects to port their applications to Hedera without significant changes in workflows, making blockchain migration more seamless for developers and enterprises.
This broader compatibility is seen as a catalyst for decentralized finance (DeFi), enterprise solutions, and Web3 applications, as projects are able to leverage Hedera’s high-performance infrastructure while maintaining development familiarity.
Mini dictionary: Hedera is a public distributed ledger platform designed to offer fast, fair, and secure applications through its proprietary Hashgraph consensus algorithm. EVM, or Ethereum Virtual Machine, is a computation engine that enables smart contract execution on blockchains compatible with Ethereum’s architecture.
Market outlook and whale accumulationRising optimism around HBAR’s technical setup follows recent positive momentum in the broader crypto market, with Bitcoin also showing upward movement. Analysts point to an increase in whale accumulation as another bullish factor supporting Hedera’s current trajectory.
A successful breakout above resistance could accelerate investor inflows as confidence builds, especially among Ethereum developers who can now leverage Hedera’s infrastructure.
With HBAR positioned at a major technical juncture and the network offering full EVM compatibility, developers are increasingly able to create DeFi, enterprise, and Web3 projects on Hedera using existing Ethereum processes.
If current trade volume remains strong and the resistance level is surpassed, analysts anticipate potential for a sustained upward movement, which could signal a broader bullish phase for both HBAR and the network’s ecosystem.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitcoin (BTC) edges below $66,000 on Thursday, extending the previous day's losses. Hedera (HBAR) and Lido DAO (LDO) sustain bullish momentum, testing the breakout of a crucial resistance zone to extend their rally.
CoinMarketCap’s Fear and Greed Index at 39 stalls below the neutral territory, indicating that sellers remain dominant.
Fear and Greed Index. Source: CoinMarketCapBitcoin could retest its 50-day EMABitcoin is edging lower toward the 50-day Exponential Moving Average (EMA) at $65,167, but maintains a constructive near-term tone. From a technical perspective, BTC remains capped below the key resistance level at $67,516. A decisive close above this could reinstate a recovery toward the 200-day EMA at $74,214.
Momentum indicators support this bias, with the Relative Strength Index (RSI) at 58 holding a broadly upward trend and the Moving Average Convergence Divergence (MACD) and its signal line staying above zero, suggesting ongoing bullish pressure rather than exhaustion.
BTC/USDT daily price chart.On the downside, initial support is located at the 50-day EMA at $65,167, and holding above this moving average would keep the broader bullish bias intact. However, a sustained break below it would expose a deeper corrective phase toward $60,000.
Hedera and Lido DAO face headwindsHedera shows early signs of bullish bias in the near term as price tests the 50-day EMA at $0.0745, which sits well below the 200-day EMA at $0.0958. A breakout of the 50-day EMA at $0.0745 could extend the rally toward the R1 Pivot level at $0.0888.
Despite this capped structure, momentum has improved: the RSI has firmed to around 56, while the MACD and signal line rise with the histogram expanding, suggesting that downside pressure is easing.
HBAR/USDT daily price chart.Looking down, the S1 Pivot level at $0.0593 emerges as the next crucial support level if price reverts from the 50-day EMA.
Lido DAO hovers below $0.4000 at press time on Thursday, extending a bullish recovery above the 50-day EMA at $0.3188. Price is now pressing into the lower edge of a broader resistance area, with the 200-day EMA at $0.4095 capping the advance ahead of the 78.6% retracement from $0.4700 to $0.2341 at $0.4195.
A sustained breakout above the 200-day EMA at $0.4095 could extend the rally toward the previous swing high at $0.4700, followed by the $0.5000 psychological threshold.
The RSI is near 75, in overbought territory, and a positive MACD and signal line suggest strong upside momentum that is increasingly stretched.
LDO/USDT daily price chart.On the downside, immediate support is located at the prior breakout zone around the 50% Fibonacci retracement at $0.3317, followed by the 50-day EMA at $0.3188.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Hedera (HBAR) showed compressed momentum on its daily price chart, as buyers continued to defend key support zones despite a pattern of smaller highs and lower lows. Technical analysis shared by CryptoWithGopal revealed this price compression is forming a symmetrical triangle, a pattern that often precedes a decisive directional move.
Current price action and market statisticsHBAR traded at $0.06636 during the latest session, with the 24-hour price swinging between $0.06539 and $0.06642. Trading volume for the same period reached approximately $38.38 million, while the total market capitalization stood at $2.91 billion. The circulating supply neared 43.79 billion HBAR, situating Hedera among the larger digital assets by supply and market cap.
The token has retreated sharply from its all-time high of $0.57, recorded on September 15, 2021. This marks a drawdown of roughly 88% from its peak. Recent sessions have reflected a shrinking price range, underscoring a period of consolidation even as HBAR remains under longer-term selling pressure.
Traders observed that HBAR’s current consolidation features a noticeable triangle formation. CryptoWithGopal highlighted that this price compression could be interpreted as a sign that sellers are losing momentum, while buyers continue to uphold support near the $0.065 area. Chart data from TradingView visually underscores this pattern of declining highs and ascending lows.
MetricValue (Last 24h)All-time/ReferenceCurrent price$0.06636$0.57 (ATH, Sep 2021)24h Low / High$0.06539 / $0.06642–Market cap$2.91 billion–24h Volume$38.38 million–Circulating Supply43.79 billion HBAR– Mini dictionary: Hedera is a decentralized network that aims to provide a fast, fair, and secure infrastructure for dApps, powered by its native cryptocurrency, HBAR. It utilizes hashgraph technology rather than traditional blockchains to improve scalability and transaction speed.
Symmetrical triangle and technical setupOn technical charts, a symmetrical triangle forms when a series of higher lows intersects with lower highs, creating a progressively narrower price range. For HBAR, this pattern has been seen with prices fluctuating mainly between $0.065 and $0.067 in recent days, producing daily candles that consistently confirm this narrowing corridor. Such formations are typically associated with a forthcoming breakout that could breach either support or resistance levels once the current lull in volatility ends.
Analysis from TradingView presents the Moving Average Convergence Divergence (MACD) signal near the neutral axis. The MACD and its signal line are close together, lacking a distinct cross and indicating muted trend momentum for now.
Additionally, the Relative Strength Index (RSI) remains steady around 50 to 52 on the daily timeframe, which points to neither overbought nor oversold conditions. This further supports the idea of a consolidating phase for HBAR rather than a clear upward or downward trend.
Trading volume data echoed these findings, as volume levels were consistent with the previous two weeks’ averages, without any notable surges to suggest dominant market conviction. Volatility also remains subdued.
Technical observers noted that the continued lack of strong volume or conviction on either side has contributed to the visible consolidation as HBAR trades within the symmetrical triangle pattern.
Market context and possible outcomesIn the context of HBAR’s current pattern, the symmetrical triangle appears to reflect an ongoing balance between supply and demand. Sellers have not pressed prices further downward, while buyers are still active in defending the lower bounds of the range near $0.065. Analysts such as CryptoWithGopal cautioned that this pattern does not preemptively determine whether a breakout will be upward or downward; rather, a decisive move is likely once volatility increases.
Key areas to watch include the $0.067 to $0.068 range, identified as a potential buy zone if prices manage to break higher. Conversely, a sustained drop below $0.065 could indicate renewed downward momentum and a bearish breakout.
Market data sources, including BraveNewCoin, continued to show that HBAR’s low-volatility environment and narrow trading band are persisting for now. Observers remain attentive to potential shifts in sentiment and broader risk asset trends that could break this consolidation phase and prompt new directional movement.
The ongoing consolidation in HBAR reflects broader indecision among market participants, with neither buyers nor sellers able to gain clear control as technical patterns converge on a pivotal support level.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
TL;DR. One command spins up a working Hedera dapp with Next.js, a choice of Hardhat or Foundry, and AI agent context already wired in. Eight built-in templates at launch with more shipping through the year, plus a flagship cross-chain index strategy that takes ETH on Base and ends up holding native HBAR and an HTS token on Hedera. Built in the open with Buidler Labs.
npm create scaffold-hbar@latest Why scaffold-hbar Exists Bootstrapping a dapp typically means picking an SDK, hunting through examples, and stitching config together before the first transaction lands on testnet. scaffold-hbar collapses that into a single command, so prototypes ship in seconds rather than days. The templates ship with the patterns Hedera builders ask for most often, so projects start from best-practice foundations rather than a blank file.
New to Hedera? It’s the fastest way in. Already building? It’s a modern monorepo template built around Next.js, RainbowKit, and the scaffold-ui component library.
Three principles define scaffold-hbar:
Multichain-first — Hedera as part of a multichain stack, not isolated. AI-native — AI coding agents are first-class users of the toolchain. Pick your tools — developer ergonomics over forced migration. Multichain-First, Not Hedera-Only Many Hedera builders ship across multiple chains. scaffold-hbar treats that as the default, with bridge primitives wired in from the start, so multichain projects start from a working baseline rather than a blank Solidity file.
The bridge template ships with LayerZero, Chainlink CCIP, and Axelar wired in. The wiring is a solid starting point for production work. Going to production from there is the developer’s call, with the modifications, integration testing, and security audits any cross-chain deployment warrants.
The flagship community template goes further. It is a cross-chain index strategy. A user deposits on Base in ETH, LayerZero carries the message to Hedera, and on arrival the strategy contract splits funds 50/50 across two on-chain positions: native HBAR and HUSTLER, a custom HTS token created inside the template. The HUSTLER token and liquidity pool is created on first deploy; the template doubles as a working walkthrough of HTS token creation, SaucerSwap integration, and LayerZero composition in a single project.
Eight built-in templates are available at launch, with more shipping throughout the year:
Blank Template. Minimal scaffold. Pick your own primitives. Bridge. Cross-chain bridging through LayerZero, CCIP, or Axelar. Cross Chain DCA. Schedule smart contracts on other chains with Hedera as the hub. Hedera Native. HTS, HCS, and Schedule Service in a cohesive template. Oracles. Consume real time data with Chainlink datafeeds, Pyth, or Supra. Onchain Cron Job. Recurring on-chain payments via HIP-1215 Generalized Scheduled Contract Calls. Tokenize Subscriptions. Allow subscriptions / contracts to be sold and rented using a smart contract powered marketplace. x402 Pay Per Use. Use native online payments to buy and sell data stored in S3 buckets. And the flagship cross-chain index, opted into with the community org/repo form:
npm create scaffold-hbar@latest --template hedera-dev/template-hedera-lz-app Every template is testnet-ready out of the box, with deploy scripts and detailed READMEs that match.
AI-Native Foundations, Not Bolted-On AI coding agents are doing a growing share of the typing. Their fluency depends on the context they have access to and the languages they have seen the most. Hedera’s native SDKs are available in Python, JavaScript, and Go: the languages AI agents write best. Generated code drops straight into a Hedera project without translation, so building velocity stays high whether the developer or the agent is writing.
AI agents also work from inferred user intent and prior patterns. A generic prompt for “mint a token” might generate ERC-20 logic by default, even when the project needs an HTS token created through the Hedera system contract. The remedy is targeted context.
scaffold-hbar handles this during scaffolding. The CLI installs Hedera Skills by default: a package that loads Hedera context straight into the agent in your editor, covering system contracts, native services, the Hedera Agent Kit, and the day-to-day dev workflow tools. With Hedera Skills installed, Claude Code, Cursor, and Codex generate code that aligns with Hedera’s actual primitives from the first prompt onwards.
AI coding agents are treated as first-class users of the toolchain.
Pick Your Tools Developer ergonomics matter. Forcing a switch in package manager, Solidity framework, or component library is friction that kills projects before they start. scaffold-hbar meets developers where they already are.
Each scaffolded project is a monorepo with:
A Next.js (App Router) frontend with RainbowKit, wagmi, viem, Tailwind, and DaisyUI The scaffold-ui component library for Hedera-aware web3 UI (address inputs, balance displays, transaction signers) A choice of Hardhat or Foundry for contracts, where the template supports both Hedera testnet, mainnet, or local forked networks pre-wired with Hashio RPC and Mirror Node endpoints Built-in deployment scripts for supported templates, on both Hardhat and Foundry One-command verification on HashScan Yarn workspaces by default, with npm and pnpm supported alongside Frontend-only or contracts-only scaffolds for projects that need just one half of the stack Built in the Open scaffold-hbar is OSS, with Buidler Labs as the technical partner on the CLI and template architecture.
BuidlerLabs built the scaffold-hbar libraries, CLI, and templates to bring a familiar developer experience to Hedera, helping builders move faster from exploration to working applications. Drawing on its history of MIT-licensed open-source developer tools for Hedera, BuidlerLabs focused on practical, real-world examples that reduce onboarding friction, showcase the network’s capabilities, and support broader ecosystem adoption.
In August 2026, a $5k HBAR bounty opens for community templates worth shipping in the CLI. Five winners receive $1k HBAR each. The winning templates merge into the CLI’s built-in list. The rubric publishes the day the bounty opens.
If you have a template you wish existed when you started your Hedera project, this is the moment to ship it.
Try It Now Pick a template, run the deploy command, and a working dapp is on Hedera testnet in under a minute.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Enterprise blockchain adoption doesn’t get limelight overnight, but Hedera today added another piece to a much bigger puzzle. The network has integrated with Utila, which is known as an institutional grade digital asset custody and wallet infra provider.
By joining hands they are expanding secure access to HBAR and Hedera Token Service (HTS) tokens for enterprises operating at scale.
The partnership arrives as Hedera continues building its presence across regulated financial markets, where security, compliance, and operational control often matter more than hype.
Utila Brings Institutional-Grade InfrastructureUtila enters the collaboration with solid credentials. The platform has secured $51.5 million in funding and processes more than $200 billion in transaction volume, offering Multi-Party Computation (MPC) wallets, customizable policy controls, and enterprise-focused APIs.
For organizations managing HBAR and HTS tokens, the integration introduces compliance-focused custody infrastructure. Which is designed to simplify digital asset operations without compromising security. That lowers the entry barrier for financial institutions seeking blockchain exposure within regulated environments.
Project Acacia Expands Hedera’s ReachThe integration extends beyond custody services. Utila is serving as a key infrastructure provider for project Acacia, the Reserve Bank of Australia’s digital money pilot, alongside Hashgraph and Hashsphere. The initiative operates on a private network powered by Loading profile preview technology, placing the blockchain within a high-profile state-backed financial experiment.
That role reinforces Hedera’s growing reputation as infrastructure capable of supporting enterprise and government-level blockchain deployments.
Network Activity Continues To ScaleMoreover, the latest partnership follows another notable development for Hedera. Per onchain data the rising graph shows increases in transaction counts. Per chart, it is approaching 72 Billions in cumulative transactions count that has been processed across its network.
That figure highlights sustained enterprise usage rather than isolated bursts of activity. As transaction volumes continue growing, Utila integration appears less like an optional upgrade and more like a necessary step.
For Hedera, enterprise adoption isn’t being measured by announcements alone. It’s increasingly being backed by transaction volume, regulated infrastructure, and participation in large-scale financial initiatives.
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Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
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Hedera has had a genuinely split week. On one side, an oracle exploit drained $9.05 million from the network’s largest DeFi lending protocol and wiped out nearly 40% of Hedera’s total value locked in a single day. On the other, Lloyds Banking Group, Aberdeen Investments, and Archax completed the UK’s first foreign exchange transaction using tokenized real-world assets as collateral on Hedera — a genuine institutional milestone that landed in an HM Treasury-backed report the same week. Here’s what’s actually happening with HBAR right now, and why the network’s enterprise-heavy governance model makes this kind of split story more common than it is for most Layer 1 networks.
Key Takeaways Bonzo Lend, Hedera’s largest DeFi lending protocol, lost approximately $9.05 million on July 11 after an attacker exploited a verification flaw in a third-party Supra oracle, manipulating the price of SAUCE tokens to borrow far more than their collateral supported Hedera’s total value locked fell nearly 40% within 24 hours of the exploit, with Bonzo’s own TVL plummeting 77%; Hedera’s network-wide TVL now sits around $25.7 million HBAR fell to around $0.067-0.069 following the exploit, down roughly 71% over the past year and about 88% below its September 2021 all-time high of $0.5692 Days later, Lloyds Banking Group, Aberdeen Investments, and Archax completed the UK’s first FX transaction using tokenized real-world assets as collateral on the Hedera network, featured in an HM Treasury-backed Wholesale Digital Markets Champion report The Hedera Council — the network’s enterprise governing body — has grown to roughly 31-32 members including Google, IBM, Boeing, FedEx, Deutsche Telekom, and McLaren Racing, each operating a network validator node The Canary Capital HBAR spot ETF (HBR) has attracted cumulative inflows of roughly $93 million since launch, with net assets around $49 million, following the SEC and CFTC’s March 2026 classification of HBAR as a digital commodity What Happened in the Bonzo Lend Exploit How the Attack Worked According to Bonzo’s official incident report, the exploit began around 00:51 UTC on July 11, 2026, when an attacker deposited just 250 SAUCE tokens — worth only a few dollars — and submitted a manipulated price update to an on-demand oracle contract. The false update inflated SAUCE’s value by roughly 12 orders of magnitude, and critically, the oracle verifier accepted the update even though it carried a zeroed signature rather than a valid signature from the authorized oracle committee. Eight seconds later, the attacker used that inflated collateral to borrow approximately 6.6 million USDC and 34.5 million Wrapped HBAR (WHBAR), together worth about $9.05 million. A second wallet borrowed roughly $1 million during the same window before identifying itself to the Bonzo team as a white-hat responder and pledging to return the funds — bringing total abnormal borrowing during the incident to about $10.06 million, though Bonzo’s headline loss figure of $9.05 million excludes the funds the white-hat wallet said it would return.
Blockchain security researchers Specter and PeckShield tracked over $5.25 million of the stolen funds being bridged from Hedera to Ethereum via LayerZero and swapped from Wrapped Bitcoin into ETH. Bonzo Lend and Bonzo Points remain paused while the team evaluates recovery options; Bonzo Vaults, Bonzo Bridge, and single-sided staking were unaffected and continue operating normally. Bonzo attributed the failure specifically to a flaw in Supra’s third-party oracle verification infrastructure, stating the incident was not caused by vulnerabilities in Bonzo’s own smart contracts or in Hedera’s underlying network — a distinction that matters, since it means the exploit reflects a weakness in one DeFi protocol’s chosen oracle provider rather than a flaw in Hedera’s core consensus mechanism. Supra has since acknowledged the issue and deployed a fix to the affected verifier contract.
Why It Matters Beyond the Dollar Figure The exploit’s real damage may be to confidence rather than just the balance sheet. Hedera’s network-wide total value locked fell by nearly 40% in the 24 hours following the incident as users withdrew funds, and South Korean exchanges including Upbit, Bithumb, and Coinone issued investor caution notices regarding Hedera. The timing is also notable: the incident is one of three major DeFi exploits in a single week — alongside a $6 million Summer.fi exploit and a $20 million BonkDAO governance attack — that together account for more than $35 million in losses, part of a broader pattern CertiK’s H1 2026 report flagged as a security environment that “has not improved and has, in several respects, deteriorated” despite total dollar losses trending down. For more on how total value locked is tracked across DeFi, see our explainer on what DeFiLlama measures.
The Institutional Side of the Story: Lloyds, Aberdeen, and Archax While the exploit was still working through headlines, Hedera posted a genuinely significant institutional development. Lloyds Banking Group, Aberdeen Investments, and digital asset platform Archax completed the UK’s first foreign exchange transaction using tokenized real-world assets as collateral, executed on the Hedera network. The transaction involved tokenized units of an Aberdeen Investments money market fund alongside tokenized UK government debt, and was highlighted in an HM Treasury-backed Wholesale Digital Markets Champion report as an example of practical institutional blockchain adoption. The juxtaposition — a DeFi protocol exploit and a landmark traditional-finance pilot landing on Hedera in the same week — captures the split character of Hedera’s current position: a network with genuine enterprise credibility whose permissionless DeFi layer carries the same third-party smart contract risks as any other chain.
Who Governs Hedera: The Hedera Council An Enterprise Governance Model Unlike Most Blockchains Unlike Bitcoin or Ethereum, Hedera isn’t governed by anonymous validators or a founding team — it’s run by the Hedera Council (renamed from “Hedera Governing Council” in May 2025), a rotating body of up to 39 global organizations, currently numbering roughly 31-32 members. Each member holds one equal vote on protocol decisions regardless of company size, serves a three-year term with a maximum of two consecutive terms, and is required to operate a consensus node that validates transactions on the network. The structure is explicitly modeled on Visa’s original 1968 governance framework, in which a council of member banks ran a shared payment network without any single institution controlling it.
Who’s On the Council Council members span technology, finance, telecommunications, energy, and academia, and include Google, IBM, Boeing, FedEx, Dell, Deutsche Telekom, LG Electronics, Standard Bank, Chainlink Labs, Nomura Holdings, Ubisoft, McLaren Racing, and Accenture (which joined in April 2026 to build enterprise AI governance infrastructure on the network), alongside academic institutions including the London School of Economics and University College London. Modifications to Hedera’s total HBAR supply — capped at 50 billion tokens — require unanimous agreement from every council member, the highest governance threshold in the network’s structure.
HBAR Regulatory and Institutional Backdrop HBAR was one of 16 tokens the SEC and CFTC included on a formal digital commodity classification list published March 17, 2026, alongside Bitcoin, Ethereum, Solana, and XRP — a notable inclusion that expanded regulated institutional access to the token. That classification helped pave the way for products like the Canary Capital HBAR spot ETF (ticker: HBR), which has drawn cumulative inflows of roughly $93 million since launch, with net assets around $49 million, alongside a Hashdex index product that also includes HBAR exposure.
For more on the platforms tracking crypto market data, see our explainers on what Coinglass tracks in derivatives markets and what RWA.xyz measures in tokenized assets. For the broader crypto market picture, see today’s Crypto Market Today and Crypto News Today roundup.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Lloyds Banking Group, asset manager Aberdeen, and digital asset exchange Archax have completed the United Kingdom’s first foreign exchange (FX) trades backed by tokenized real-world assets as collateral. These transactions were conducted on the Hedera blockchain, using a regulated digital asset framework.
Tokenized collateral supports institutional FX tradesThe pilot project leveraged tokenized shares in Aberdeen’s money market fund and digitized UK government bonds, also known as gilts, as collateral for the FX trades between Lloyds and Aberdeen. Both assets were created in digital form and managed on-chain, representing a new method for handling transaction guarantees in financial markets.
The United Kingdom processes roughly $5.4 trillion in daily FX and interest rate derivatives, placing significant importance on innovations that improve collateral management and efficiency for institutions.
Traditional collateral and margining mechanisms often encounter delays, high costs, and operational friction, particularly during periods of market stress. Many existing workflows rely on manual checks and delayed settlements, making rapid asset movement difficult when it is most critical.
Lloyds, Aberdeen, and Archax piloted a system using regulated, tokenized assets for collateral in the FX market, aiming to address long-standing inefficiencies in collateral movement and reduce operational risks.
In FX markets, firms must quickly move collateral in response to price swings, as any lag can increase pressure and force asset sales. The tokenized model demonstrated by the pilot allowed for near real-time movements, improving liquidity management between financial entities.
Archax issues tokenized assets via Hedera blockchainArchax, the UK’s first FCA-regulated digital asset exchange and tokenization platform, was responsible for issuing, transferring, and safeguarding the tokenized money market fund units and UK gilts on Hedera. This integration connected regulated oversight with blockchain-based asset exchange.
The trial also utilized Archax’s Nest permissioned DeFi collateral transfer network. Permissioned DeFi restricts access to authorized users, enabling financial institutions to explore blockchain features in a secure and compliant context.
The system allowed banks, asset managers, and trading firms to program and transfer tokenized assets on-chain almost instantaneously. This streamlined process reduced the complexity and workload of settlement and margin activities.
Mini dictionary: Archax – A UK-based digital asset exchange and tokenization platform, authorized and regulated by the Financial Conduct Authority (FCA), facilitating the issuance and trading of tokenized securities for institutions.
ParticipantRoleContributionLloyds Banking GroupBankFX trades, collateral participantAberdeenAsset ManagerTokenized money market funds, FX tradesArchaxDigital Asset ExchangeIssuing and custody of tokenized assetsHederaBlockchain NetworkOn-chain settlement infrastructureTreasury report recognizes pilot as industry milestoneThe HM Treasury-backed Wholesale Digital Markets Champion report recognized the pilot as a leading example in the field of digital wholesale markets. It highlighted the project’s demonstration of tokenized collateral as tangible industry progress.
The report examined how to scale digital wholesale markets across the UK, emphasizing projects led by regulated financial firms to advance adoption of blockchain-based solutions. Tokenization of collateral was identified as a key area for innovation and broader adoption.
Allan Trimmer, Head of Product at Aberdeen, emphasized the company’s alignment with Hedera, citing the network’s strengths in transparency, robust governance, and environmental sustainability. He described Hedera as one of the most energy-efficient blockchain platforms available.
Aberdeen highlighted Hedera’s transparency, governance structure, and low energy consumption as deciding factors in its use during the FX collateral pilot.
Hedera provided the necessary technology for fast settlements and institutional-grade blockchain infrastructure, managed by a council of major global organizations. This structure offers both security and scalability for large-scale financial operations.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
A single manipulated price feed let an attacker turn 250 SAUCE tokens worth a few dollars into $9.05 million in borrowed USDC and wrapped HBAR in eight seconds.
Bonzo Lend, a lending protocol on the Hedera network, lost approximately $9.05 million after an attacker exploited a verification flaw in a third-party Supra oracle contract on July 11.
The attacker deposited 250 SAUCE tokens worth a few dollars as collateral, then submitted a manipulated price update that inflated the token's HBAR-denominated value, according to a preliminary incident report Bonzo published. The account subsequently borrowed 6.63 million USDC and 34.52 million wrapped HBAR, worth roughly $9.05 million at the report's reference HBAR price.
Fake Price, Fast ExitA second wallet borrowed roughly $1 million more while the abnormal price persisted, then contacted Bonzo through Discord, identified itself as a white-hat responder and said it would return the funds. That put total abnormal borrowing at about $10.06 million before the return.
Bonzo's own X account said the lend protocol had been temporarily paused while its team investigated volatile markets, and later confirmed it remains paused pending recovery work. Supra Labs, whose oracle contract processed the bad price, published its own incident report attributing the failure to a degenerate BLS signature and zero-valued public key that its Hedera verifier wrongly accepted for a single SAUCE/wHBAR feed, while saying its core aggregation and other feeds were unaffected.
Ecosystem FalloutHedera's total value locked fell nearly 40% in 24 hours after the exploit, and Bonzo's own TVL plunged 77% in the same window. DefiLlama now shows Bonzo's TVL at $3.06 million.
A security researcher's technical writeup said more than $5.25 million of the stolen funds was bridged to Ethereum via LayerZero and swapped into ETH within hours.
Lending markets on alternative layer‑1 networks rarely command the attention of their Ethereum‑mainnet peers—until a multimillion‑dollar drain forces the issue. That moment came for Hedera’s Bonzo on July 11, when the protocol disclosed it had lost roughly $9.05 million in an oracle manipulation attack. The incident, first documented in the original report, immediately spotlighted the fragility of price feeds on chains where liquidity is thinner and user safeguards often rely on a single oracle provider.
Bonzo functioned as Hedera’s largest lending protocol by total value locked, a critical piece of an ecosystem still building its DeFi footprint. The protocol paused all activity after the exploit. Bonzo Labs and the Bonzo Finance Foundation are now coordinating what they describe as recovery and remediation efforts, though no timeline or roadmap for user compensation has been offered publicly.
What Went Wrong: Supra’s Oracle and a Signature Verification Loophole The exploit did not originate in Bonzo’s own smart‑contract logic. According to the team, a flaw in Supra’s signature verification mechanism allowed an attacker to feed manipulated SAUCE prices into the lending market. With a distorted price feed for SAUCE—the native token of the SaucerSwap decentralized exchange on Hedera—the exploiter was able to borrow assets far in excess of the collateral they had posted. The mechanics follow a pattern DeFi has seen before: inflate the collateral’s value artificially, then drain borrowable liquidity before the oracle corrects.
Supra’s role is central here. As a cross‑chain oracle network, it supplies pricing data to protocols across multiple ecosystems. When a verification flaw sits at the oracle level, the blast radius can extend beyond a single application. Bonzo paused quickly, but the speed of the drain suggests an attacker who understood precisely where the weak link sat.
Hedera’s DeFi Moment and the Thin‑Margin Reality For Hedera, whose enterprise‑governed consensus model has attracted institutional interest, the Bonzo incident is a formative stress test. The chain’s DeFi sector is still immature relative to Ethereum or Solana; lending protocols on Hedera typically hold lower total value locked and face thinner order‑book depth. That environment can make oracle manipulation less costly for an attacker because markets are easier to move temporarily.
The exploit also underscores a persistent dilemma for chains that rely on third‑party oracles rather than native price‑discovery mechanisms. When a single oracle provides the pricing for a suite of applications, an error at the supplier can cascade. Bonzo’s case joins a list of prior oracle attacks—from Cream Finance to Mango Markets—where manipulated prices were the entry point, not the exit. The difference here is the chain: a network that has marketed itself as enterprise‑ready is now dealing with a DeFi blow that retail and institutional users alike will scrutinize.
Recovery, Pause, and the Unanswered Questions Bonzo Labs and the affiliated foundation have not released a post‑mortem or detailed the scope of affected user positions. The protocol remains paused, a status that freezes all withdrawals and borrows. Communication so far has been sparse beyond confirming the loss figure and the flareup of the Supra verification bug. Users are left waiting for clarity on whether any funds can be recovered, whether the treasury holds sufficient reserves, and what compensation mechanisms might be proposed.
Law enforcement involvement has not been announced. In many DeFi exploits, the window for freezing funds is exceptionally narrow because attackers route stolen assets through cross‑chain bridges or privacy mixers before the community can coordinate a response. Whether the Bonzo exploiter moved the funds off Hedera, or if chain analytics can trace them, remains unknown.
The timing also matters. DeFi across the industry is under renewed regulatory scrutiny, with lending protocols increasingly required to demonstrate robust risk management. An oracle exploit on Hedera’s flagship lending market could influence how auditors and governance teams across other non‑Ethereum chains assess single‑provider dependencies. Even if Bonzo manages to make users whole, the damage to confidence in immature DeFi environments may take longer to repair.
What This Means for Multi‑Chain DeFi Security Bonzo’s $9 million loss is not the largest oracle exploit DeFi has seen, but it carries an outsized signal because it hit a chain where lending is still trying to prove it can operate securely at scale. The incident will likely accelerate discussions about redundancy in oracle design, specifically whether protocols should require multiple independent price sources before executing large loans.
For now, the immediate uncertainty centers on Bonzo’s next steps. The protocol’s ability to coordinate a transparent recovery and patch the oracle dependency will either set a precedent for Hedera DeFi or reinforce skepticism about lending markets on chains with concentrated liquidity. Either outcome will be watched closely—not just by Hedera users, but by any protocol team that relies on a single oracle for its pricing backbone.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Bonzo Finance, a lending protocol on the Hedera network, saw its total value locked crater by 77% after an attacker exploited a verification flaw in a third-party oracle contract, siphoning approximately $9.05 million. The incident, reported by CoinDesk, highlights the cascading risk when DeFi applications depend on external price feeds without sufficient safeguards.
The vulnerability sat not in Bonzo’s own smart contracts but in a Supra oracle integration. That distinction matters. Protocols often audit their internal code extensively, yet the attack surface extends to every piece of infrastructure they plug into. A single flawed verification routine inside an oracle contract was enough to drain nearly all of the protocol’s liquidity. The attacker moved fast, and by the time the issue was detected, the damage was done.
How the Oracle Exploit Unfolded According to the details available, the attacker manipulated the price oracle logic to borrow assets against inflated collateral values. Because the Supra contract failed to properly verify incoming data, the malicious actor was able to present fake prices that Bonzo’s lending logic trusted implicitly. That trust was the entire mechanism for loan-to-value calculations. Once broken, the protocol’s solvency evaporated.
Oracle exploits are not new to DeFi. They have hit protocols across multiple chains for years. But this one stings for Hedera specifically because Bonzo had become one of the largest lending markets on the network. The 77% drop in TVL translates to millions in removed liquidity, stranded positions, and a sudden loss of confidence in the ecosystem’s ability to handle adversarial stress.
A Setback for Hedera’s DeFi Ambitions Hedera has been quietly building its DeFi footprint, attracting projects with its high throughput and fixed low fees. Yet the network remains a relatively small player compared to Ethereum or BNB Chain. While top blockchains by developer activity show Ethereum, BNB Chain, and Polygon far ahead, networks like Hedera operate with a thinner margin for error. A single high-profile exploit can reset months of user acquisition.
For institutional users and liquidity providers who had been cautiously testing Hedera’s DeFi waters, the Bonzo incident introduces a new risk premium. It also forces the question of how dependent the network’s lending protocols are on a narrow set of oracle providers. Supra’s role in this event will undoubtedly draw attention to the oracle landscape on permissioned and quasi-permissioned ledgers.
The Oracle Problem Isn’t Going Away What happened at Bonzo is not a one-off anomaly. Oracle manipulation remains one of the top attack vectors in decentralized finance because it exploits the gap between off-chain data and on-chain execution. Solutions exist—multiple price sources, time-weighted average prices, circuit breakers—but each adds complexity and cost. Smaller protocols often trade security for simplicity, and smaller chains may lack the deep infrastructure to offer robust alternatives.
Recovery for Bonzo users remains uncertain. While some past exploits led to partial fund returns through negotiations or white-hat bounties, no immediate path has been confirmed. The protocol’s team will need to assess whether a reimbursement plan is feasible and how to rearchitect the oracle integration. For the Hedera community, the next weeks will test whether liquidity returns or migrates elsewhere.
The broader lesson is clear. As DeFi spreads to new chains, the same old vulnerabilities follow. Unless oracle security becomes a first-class priority from day one, more protocols will find themselves emptying their liquidity pools in minutes.
AUTHOR
Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.
Bonzo Lend—a DeFi lending protocol—experienced a major security incident resulting in approximately $9.05 million in losses. The exploit, which occurred on July 11, 2026, stemmed from a vulnerability in a third-party oracle service rather than any flaw in Bonzo’s own smart contracts. The incident began when an attacker, operating through a specific wallet, deposited a modest amount of just 250 SAUCE tokens—valued at only a few dollars at the time—into the lending pool.
Shortly afterward, this actor submitted a fraudulent price update to Supra’s on-chain oracle system.
The manipulated data dramatically inflated the perceived value of SAUCE by about 12 orders of magnitude compared to its actual market price of roughly 0.2 HBAR.
This false valuation allowed the attacker to borrow far more assets than the collateral justified, specifically around 6.63 million USDC and 34.5 million wrapped HBAR.
At the core of the breach was a critical weakness in Supra’s oracle verifier contract.
The system incorrectly accepted a price update that included a zeroed BLS signature instead of rejecting it as invalid.
Supra’s verification logic failed to properly check for non-zero inputs and subgroup validity before performing the pairing check via Hedera’s precompile, enabling the bogus data to be recorded on-chain.
Bonzo Lend’s contracts operated exactly as programmed, relying on the oracle’s reported price to calculate collateral value and borrowing capacity.
No issues were found in Bonzo’s lending logic, the Hedera network itself, or through market manipulation, flash loans, or abnormal trading activity.
A secondary wallet later borrowed an additional roughly $1 million in assets while the inflated price remained active.
The operator of this wallet quickly reached out to the Bonzo team via Discord, self-identifying as a white-hat responder and committing to return the funds.
This portion is being handled separately as a potential recovery effort and was excluded from the primary $9.05 million loss figure.
Bonzo Finance Labs promptly paused the affected lending pool and points system to contain further damage, while other components like vaults, bridging, and staking continued unaffected.
Supra acknowledged the verifier issue and rapidly deployed a fix to the relevant contract on Hedera mainnet.
The team emphasized transparency in their preliminary report, providing on-chain references for independent verification and stressing that the root cause lay upstream in the oracle infrastructure.
The exploit has had broader repercussions for the Hedera DeFi ecosystem. Bonzo Lend’s total value locked (TVL) dropped sharply by about 77%, contributing to a roughly 40% decline in overall Hedera TVL within 24 hours.
This event underscores ongoing challenges in DeFi, particularly the risks associated with relying on external oracle providers for accurate price data in lending protocols.
Such dependencies can create single points of failure even when core protocol code remains secure.
Bonzo Labs and the Bonzo Finance Foundation are actively collaborating on fund recovery strategies, user compensation plans, and steps to resume operations safely.
The incident serves as yet another stark reminder of the importance of proper multi-layered security in decentralized systems, including thorough auditing of oracle integrations. Further updates on remediation and withdrawals are expected in the coming days.
Hedera-based lending protocol Bonzo Lend lost about $9.05 million after an attacker manipulated the price of SAUCE used as collateral. Bonzo Finance Labs said the incident began on July 11, 2026, when a wallet submitted a false SAUCE price to a third-party Supra oracle contract. The attacker deposited 250 SAUCE, worth only a few dollars, before the feed treated the tokens as highly valuable.
Summary
An attacker inflated SAUCE’s oracle price and borrowed assets worth about $9.05 million from Bonzo. Supra’s verifier accepted a zeroed signature, allowing the false price update to reach Hedera mainnet. Bonzo paused lending while teams pursue recovery, fixes, and the promised return of white-hat funds. Eight seconds after the false price reached the network, the wallet borrowed 6.63 million USDC and more than 34.5 million wrapped HBAR. Bonzo described the headline loss as “approximately $9.05 million.” The protocol paused Bonzo Lend at 01:41 UTC and stopped Bonzo Points later that morning. Bonzo Vaults, Bonzo Bridge, and single-sided BONZO staking continued operating.
Zeroed signature passed Supra’s verifier Bonzo’s incident report traced the event to Supra’s signature verification process. The update carried a zeroed signature instead of a valid signature from Supra’s oracle committee. Bonzo said the verifier failed to reject zero-value inputs before sending them to Hedera’s pairing system contract.
The pairing check returned true because both values represented the mathematical identity point. Supra’s contract then treated that result as proof of a valid committee signature. Bonzo said “no valid oracle signature was forged” and SAUCE’s real market price did not rise. Supra has since deployed a fix to the affected verifier contract on Hedera mainnet, according to the report.
Bonzo says its lending contracts followed their code Bonzo said its lending contracts read the manipulated value from the approved oracle feed and calculated borrowing power from that data. The team stated that the lending pool acted as designed after receiving the false input. Its report ruled out a Bonzo contract bug, a flash-loan attack, and normal market manipulation.
A second account borrowed about $1 million while the abnormal price remained active. That wallet later contacted the team and described itself as a white-hat responder. It said it planned to return the assets. Bonzo excluded that amount from its $9.05 million loss figure because recovery talks remain active. The published report had not confirmed the return.
Crypto.news tracked transfers before Bonzo confirmed the loss Before Bonzo released its findings,crypto.news reported that security researchers had tracked more than $5.8 million moving from Hedera to Ethereum. Researchers said the wallet bridged assets through LayerZero and converted part of the holdings from wrapped Bitcoin into Ether. HBAR fell more than 2% as the transfers continued.
Bonzo’s oracle documentation lists Supra feeds for SAUCE, HBARX, XSAUCE, DOVU, PACK, KARATE, STEAM, and HST against wrapped HBAR. The incident affected the SAUCE pair. Bonzo said legitimate publishing restored that price to about 0.1964 HBAR at 01:36 UTC, five minutes before the lending pool pause.
The later Bonzo report raised the confirmed principal taken by the main attacker to about $9.05 million. A Wu Blockchain post also shared the protocol’s findings. Bonzo Lend remains paused while Bonzo Finance Labs and the Bonzo Finance Foundation work with partners on asset recovery, repairs, and withdrawal plans for liquidity providers. The team has not set a date for reopening the lending pool.
The Hedera network, an open enterprise-scale blockchain ecosystem, has recently experienced a notable security exploit. As a result, the Hedera network has lost a staggering $5.25M amount. As per the data from PeckShieldAlert, the exploiters have already bridged the stolen funds to Ethereum. Specifically, the attacker’s Ethereum wallet was first funded with just 1 $ETH from Tornado Cash, a popular crypto mixing service platform.
Attacker Bridges $5.25M to Ethereum after Hedera Exploit The Hedera network’s exploit has led to a huge loss, and the attacker has already bridged a notable $5.25M to Ethereum. In this respect, the exploiter utilized Tornado Cash to eliminate the trail of the stolen capital after shifting the funds to an Ethereum wallet. At the moment, the wallet reportedly holds approximately 2,360 $ETH.
Apart from that, the wallet also contains 15.58 $WBTC. Cumulatively, these holdings account for a total of $5.25M. The exploit has triggered apprehensions over blockchain security and the movements of assets across chains. The exploiter reportedly bridged the respective funds to Ethereum just following the exploit.
Hedera Yet to Disclose Exact Attack Vector This permitted the attacker to hold the stolen funds within the Ethereum network. Blockchain bridges allow the asset movement between diverse networks, but they can also enable the swift transactions of illegally obtained capital ahead of the start of recovery endeavors. As the exploiter used an Ethereum wallet, it provides the onlookers with clear on-chain records.
At the same time, blockchain analysts and researchers can also monitor the asset transfers in real time. Currently, Hedera has not revealed any extra technical details concerning the exploit, nor has it confirmed the exact attack vector. Overall, the market members will be keenly watching for future updates regarding the exploit from blockchain security entities and Hedera.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Bonzo Lend lost approximately $9.05 million after an attacker exploited a verification flaw in a third-party Supra oracle contract on the Hedera network.The attacker deposited low-value SAUCE tokens and submitted a manipulated price update to inflate the tokens' value, enabling them to borrow assets well beyond their collateral.Following the exploit, Hedera's total value locked (TVL) fell by nearly 40% in 24 hours, while Bonzo's TVL plummeted by 77%.Bonzo Lend, a decentralized lending protocol on the Hedera network, suffered an estimated $9.05 million loss after an attacker exploited a verification flaw in a third-party Supra oracle contract, allowing them to borrow assets far exceeding the value of their collateral.
The attacker deposited 250 SAUCE tokens with little value, before submitting a manipulated price update that inflated the token’s HBAR-denominated value, according to a preliminary incident report from Bonzo.
The protocol said the account subsequently borrowed 6.63 million USDC and 34.52 million wrapped HBAR. At the report’s reference HBAR price of $0.06998, the two withdrawals were worth approximately $9.05 million.
A second wallet, the report adds, borrowed roughly $1 million of additional assets while the abnormal price remained active. The wallet later contacted Bonzo through Discord, identified itself as a white-hat responder to the incident and said it intended to return the funds.
Bonzo excluded those assets from its headline loss estimate, placing total principal borrowed during the incident at approximately $10.06 million before recovery.
Hedera, according to DeFLlama data, now has $25.7 million in total value locked (TVL). The figure dropped nearly 40% in the last 24 hours after the exploit. With Bonzo’s TVL
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Digital Assets: Quarterly Review and Outlook Q2
Digital Assets: Quarterly Review and Outlook Q2
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Jul 10, 2026
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Why it matters:
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
An attacker has stolen over $5 million from the Hedera network in a significant exploit on July 11, with the majority of the stolen assets already transferred to the Ethereum blockchain, according to multiple blockchain analysts.
Exploit details and fund movementsOnchain analyst Specter was among the first to report the ongoing attack, promptly flagging suspicious activity involving large sums moved from Hedera. Initial tallies from Specter estimated losses at $3.7 million, which soon increased to over $5 million as further transactions were tracked over several hours.
Specter indicated that the attacker bridged the funds to Ethereum via LayerZero, a protocol that enables interoperability between blockchain networks. The perpetrator then converted Wrapped Bitcoin (WBTC) into Ether (ETH) after the funds arrived on Ethereum.
Blockchain security firm PeckShieldAlert later confirmed the incident, revealing that $5.25 million had already been moved from Hedera to Ethereum. Investigators traced the initial capital to 1 ETH withdrawn from Tornado Cash, a crypto mixing protocol. At the time of reporting, the attacker’s Ethereum wallet held approximately 2,360 ETH, valued at roughly $4.25 million, alongside 15.58 WBTC, worth about $1 million.
Onchain observer @0xNox also noted more than $4 million was bridged to Ethereum through LayerZero, with funds being cycled through WBTC-to-ETH swaps.
Mini dictionary: LayerZero is an interoperability protocol designed to allow seamless transfers of assets and data across multiple blockchain networks, linking ecosystems such as Ethereum and non-EVM chains.
AssetAmountValue (approximate)ETH2,360$4.25 millionWBTC15.58$1 millionPeckShieldAlert confirmed that $5.25 million was transferred from Hedera Mainnet to Ethereum, with the attacker’s wallet containing both ETH and WBTC after the swap process.
Transparency concerns on HederaHedera, founded by Dr. Leemon Baird and Mance Harmon, operates on a unique hashgraph consensus system rather than a traditional blockchain. Its native token, HBAR, is used for transaction fees and securing the network through staking. However, auditing incidents on the platform has proven challenging.
Blockchain investigator ZachXBT commented on social media that Hedera’s lack of a reliable block explorer effectively turns it into a “privacy chain,” since tracking and tracing suspicious transactions is particularly difficult for third parties.
ZachXBT remarked that limited block explorer functionality on Hedera poses challenges for transparency, especially during active security incidents.
Mini dictionary: Hashgraph is a consensus algorithm distinct from traditional blockchains, enabling faster and fairer transaction ordering and increased throughput, but often making third-party transaction tracing more complex.
Potential impact and market reactionHedera is governed by a council consisting of major global enterprises. In 2026, the platform attracted members such as McLaren Racing and Accenture, both citing the network’s enterprise-focused governance and infrastructure as key benefits. Hedera markets itself as the chosen trust layer for large organizations worldwide.
Despite these endorsements, the exploit has raised questions about network security and transparency. As of now, Hedera has not released any official statement regarding the exploit, but users and industry participants are awaiting further clarification and a detailed investigation.
HBAR, Hedera’s native cryptocurrency, is currently priced near $0.068, marking a 4% drop in the past 24 hours. The token’s market capitalization has fallen to around $2.98 billion, down just under 4% over the same period, according to CoinMarketCap data.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
TLDR: Bonzo Lend confirmed a $9.05 million loss after Supra’s oracle verifier accepted a zeroed signature. A manipulated SAUCE price update let Wallet A borrow far beyond its actual posted collateral value. Wallet B, a self-identified white-hat responder, borrowed $1M and pledged to return the funds soon. Bonzo Vaults, Bridge, and staking remained unaffected; only the Lend pool and Points were paused. Bonzo Lend, Hedera’s largest lending protocol, has confirmed a loss of approximately $9.05 million following an oracle exploit. The incident occurred on July 11, 2026, when an attacker manipulated the price feed for SAUCE tokens.
Bonzo Finance Labs, working alongside the Bonzo Finance Foundation, traced the breach to a verification flaw in Supra’s oracle contracts. The lending pool has been paused while the teams investigate recovery options and next steps.
How the Oracle Verification Failure Unfolded The exploit targeted Supra’s on-chain oracle verifier, not Bonzo Lend’s own contracts. An account known as Wallet A submitted a price update carrying a zeroed BLS signature. That update should have been rejected, yet the verifier accepted it as genuine.
Supra’s oracle publishes signed price updates for protocols like Bonzo Lend to read. Because both the signature and referenced committee key were zero, the pairing calculation returned true. The precompile answered that narrow question correctly, but the verifier misread it as a valid signature.
The manipulated update inflated SAUCE’s recorded price by roughly twelve orders of magnitude. SAUCE was trading near 0.2 HBAR when the falsified figure landed on-chain. Eight seconds later, Wallet A used that inflated collateral to borrow far beyond its real worth.
Bonzo Finance Labs stressed that its lending contracts functioned exactly as designed throughout the episode. The pool calculated collateral value and borrowing capacity using the price the oracle supplied. Given a manipulated input, the protocol simply produced the output its code specifies.
Wallet Activity and the White-Hat Response Wallet A deposited 250 SAUCE tokens, worth only a few dollars, before the manipulated update landed. Once the false valuation went live, it borrowed 6,634,528 USDC and over 34.5 million WHBAR within the same minute.
A separate account, called Wallet B, borrowed roughly $1 million while the false price stayed active. Wallet B later contacted the Bonzo team directly through its Discord channel. The account identified itself as a white-hat responder and said it intends to return the funds.
Because those assets are expected to be returned, Bonzo Finance Labs classified the amount as a recovery item. That figure was excluded from the headline loss total of $9.05 million. Should the promised return not occur, the reported accounting will be updated accordingly.
Legitimate oracle publishing restored SAUCE to its normal value near 0.1964 HBAR by 01:36 UTC. Bonzo Lend was paused five minutes later, at 01:41 UTC, as a precaution. Bonzo Points, a related rewards feature, was paused later that same morning.
Protocol Status and Coordinated Recovery Efforts Bonzo Finance Labs confirmed several protocol components remained unaffected throughout the incident. Bonzo Vaults, the Bonzo Bridge, and single-sided staking for BONZO and XBONZO continued operating normally. Only the lending pool and its points program were paused.
Supra acknowledged the flaw and has since deployed a fix to the affected contract. That patch let investigators reconstruct how the zeroed signature bypassed verification. The exploit transaction and its internal trace remain publicly viewable on Hedera mainnet.
Bonzo Finance Labs and the Bonzo Finance Foundation are coordinating on next steps for the paused pool. Officials have not yet outlined conditions for lifting the pause or resuming withdrawals. Further updates on remediation are expected in a separate communication.
The team also acknowledged support from ecosystem partners across multiple time zones during the investigation.
Coordination with Wallet B on the fund return remains an active, ongoing process. Bonzo Finance Labs said it remains focused on transparency as recovery efforts continue.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Hedera’s native token HBAR has fallen more than 2% after blockchain security researchers reported that a suspected exploit had moved more than $5.8 million in assets from the Hedera network to Ethereum.
Summary
Suspected Hedera exploit moved more than $5.8 million in assets to Ethereum, according to blockchain security researchers. Specter and PeckShield said the attacker bridged funds through LayerZero before swapping WBTC for ETH. HBAR fell more than 2%, trading near $0.069 as the reported exploit unfolded. According to blockchain security researcher Specter, the suspected attacker had already bridged more than $3.7 million worth of assets from Hedera to Ethereum before continuing to move additional funds.
There appears to be an ongoing hack involving @hedera Network, with over $3.7M already bridged to Ethereum by the attacker.
The stolen funds are currently being swapped from WBTC for ETH after being bridged from the Hedera network via Layerzero.
Theft addresses:… pic.twitter.com/KSxd3K2vlu
— Specter (@SpecterAnalyst) July 11, 2026 Specter said the stolen assets were being swapped from Wrapped Bitcoin (WBTC) into Ether (ETH) after crossing chains through LayerZero. The researcher also published two wallet addresses believed to be linked to the incident.
At the time of writing, CryptoBull360 reported that the wallet’s estimated value had increased to roughly $5.8 million, indicating that more assets had reached Ethereum after the initial transfers. The shared wallet data showed holdings of about 3,203 ETH, representing nearly 80% of the portfolio, alongside roughly 20% in WBTC.
According to data from crypto.news, Hedera (HBAR) price traded around $0.069, down more than 2% following the reports of the suspected exploit.
Cross-chain transfers have continued after the initial breach As additional transactions appeared on-chain, blockchain security firm PeckShield said the suspected exploit had already transferred approximately $5.25 million from the Hedera mainnet to Ethereum. The firm added that the wallet held around 2,360 ETH, valued at roughly $4.25 million, and 15.58 WBTC, worth about $1 million, at the time of its analysis.
PeckShield also reported that the wallet had originally been funded with 1 ETH from Tornado Cash, citing on-chain transaction history. The observation identifies the source of the wallet’s initial funding but does not establish who controls the address or who carried out the alleged attack.
The wallet screenshots shared by both Specter and PeckShield showed a series of inbound transfers arriving within a short period before the assets were converted into ETH.
Investigation remains ongoing as official details are limited Neither Specter nor PeckShield identified the party responsible for the suspected exploit, and no official estimate of the total losses had been released at the time of writing. The reported value of the stolen assets continued to change as additional funds were observed moving through the wallet.
The incident is still developing, with blockchain security researchers continuing to monitor the addresses and publish updates as new transactions appear on-chain. Meanwhile, market participants are watching for an official statement from the Hedera team regarding the reported exploit and any measures taken to contain its impact.
The Hedera incident comes amid a series of security-related developments reported by crypto.news in recent weeks. Blockaid recently said it detected an active exploit targeting Summer.fi, estimating losses of about $6 million at the time of its alert.
Separately, Ctrl Wallet announced it will permanently shut down after a security exploit affecting some Cardano wallets, giving users until Aug. 3 to withdraw their assets. Meanwhile, crypto.news also reported that Secret Network has proposed migrating SCRT from Cosmos to Arbitrum, with the team citing security risks, weaker liquidity, and an aging codebase in its July 7 governance proposal.
More than $5 million has been stolen from the Hedera Network after hackers exploited the DeFi lending platform Sauce Protocol. The attack caused the HBAR coin price to fall by nearly 3% as the stolen crypto was quickly moved to Ethereum.
So far, the attacker has not been identified, and the Hedera Network team has not released an official statement.
Sauce Protocol Exploit Drains Over $5 MillionAccording to PeckShield, the attacker exploited the Sauce Protocol by manipulating its price oracle after depositing collateral into the lending platform.
By changing asset prices, the hacker borrowed nearly 6.6 million USDC and 35 million HBAR before swapping the stolen tokens on SaucerSwap.
The attacker then used LayerZero to bridge the stolen funds from the Hedera Network to Ethereum, making it more difficult to recover the assets.
The total loss is estimated at more than $5.25 million, with the funds already transferred off the Hedera Network.
Stolen Funds Moved to EthereumOn-chain investigator Specter said the hacker first stole the funds from Sauce Protocol on the Hedera network. After that, the attacker used LayerZero to transfer the stolen crypto from Hedera to Ethereum, where it is easier to swap and move the funds.
The hacker’s Ethereum wallet now holds around 2,068 ETH, worth nearly $3.7 million, along with 15.58 WBTC, bringing the total stolen assets to more than $5 million.
Blockchain records also show the attacker making several transactions, repeatedly moving Wrapped Bitcoin (WBTC) to another wallet, likely an attempt to hide the money trail.
More than $5 million has been stolen from Hedera’s DeFi ecosystem after hackers exploited Sauce Protocol in an oracle manipulation
Before carrying out the exploit, the hacker funded the wallet 0x9A4…6a494 with just 1 ETH from Tornado Cash. Attackers often use Tornado Cash to cover their tracks before launching an exploit.
HBAR Coin Price Falls After AttackFollowing the news, HBAR dropped around 3.5%, falling to nearly $0.0670 as investors feared a more serious breach.
Although the exploit targeted Sauce Protocol rather than the Hedera network itself, the incident has raised concerns across decentralized finance (DeFi) applications built on the blockchain.
The investigation is still ongoing, yet there is no official announcement or post from the Hedera network team.
Story Ends Here
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Hedera-based lending protocol Bonzo Lend lost about $9 million after an attacker manipulated the price of SAUCE used as collateral, allowing the account to borrow assets far beyond the value deposited.
In a preliminary incident report published Saturday, Bonzo said the attacker deposited 250 SAUCE, worth only a few dollars, before submitting a price update that inflated the token’s value by roughly 12 orders of magnitude. The wallet then borrowed 6.63 million USDC and 34.5 million wrapped HBAR from the lending pool.
The case illustrates how oracle failures can turn low-value collateral into a tool for draining large amounts of liquidity from lending protocols, even when the application and underlying network continue operating as designed.
Bonzo attributed the incident to a flaw in Supra’s on-chain oracle verifier, which accepted a manipulated SAUCE price carrying a zeroed signature. The protocol said Supra acknowledged the issue and deployed a fix, while stressing that the incident was not a vulnerability in Bonzo Lend’s contracts or Hedera’s core network.
Estimated economic impact of the incident. Source: Bonzo Finance
DeFi hacks continue to pressure the sector The incident adds to a growing number of exploits targeting decentralized finance (DeFi) protocols in 2026.
The second quarter had become the most-hacked quarter on record by incident count, with 83 exploits and about $755 million stolen. Cross-chain bridge exploits accounted for $351 million, while compromised administrator attacks and fake token price manipulation represented 37% of quarterly losses.
In 2026, DeFi’s total value locked (TVL) had fallen 39% to over $70 billion in June from about $115 billion in January. CryptoRank recorded 121 hacks and roughly $942 million in losses over the period, saying repeated security incidents likely weighed on user confidence and reinforced capital outflows.
The Bonzo incident also follows a similar collateral-pricing exploit on Stellar. In February, attackers drained roughly $10 million from a YieldBlox DAO-managed lending pool after manipulating the price path used to value USTRY collateral, allowing them to borrow assets beyond the token’s real worth.
Magazine: Will the crypto lobby's $189M campaign get CLARITY over the line?
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Hedera-based lending protocol Bonzo Lend lost about $9 million after an attacker manipulated the price of SAUCE used as collateral, allowing the account to borrow assets far beyond the value deposited.
In a preliminary incident report published Saturday, Bonzo said the attacker deposited 250 SAUCE, worth only a few dollars, before submitting a price update that inflated the token’s value by roughly 12 orders of magnitude. The wallet then borrowed 6.63 million USDC and 34.5 million wrapped HBAR from the lending pool.
The case illustrates how oracle failures can turn low-value collateral into a tool for draining large amounts of liquidity from lending protocols, even when the application and underlying network continue operating as designed.
Bonzo attributed the incident to a flaw in Supra’s on-chain oracle verifier, which accepted a manipulated SAUCE price carrying a zeroed signature. The protocol said Supra acknowledged the issue and deployed a fix, while stressing that the incident was not a vulnerability in Bonzo Lend’s contracts or Hedera’s core network.
Estimated economic impact of the incident. Source: Bonzo Finance
DeFi hacks continue to pressure the sector The incident adds to a growing number of exploits targeting decentralized finance (DeFi) protocols in 2026.
The second quarter had become the most-hacked quarter on record by incident count, with 83 exploits and about $755 million stolen. Cross-chain bridge exploits accounted for $351 million, while compromised administrator attacks and fake token price manipulation represented 37% of quarterly losses.
In 2026, DeFi’s total value locked (TVL) had fallen 39% to over $70 billion in June from about $115 billion in January. CryptoRank recorded 121 hacks and roughly $942 million in losses over the period, saying repeated security incidents likely weighed on user confidence and reinforced capital outflows.
The Bonzo incident also follows a similar collateral-pricing exploit on Stellar. In February, attackers drained roughly $10 million from a YieldBlox DAO-managed lending pool after manipulating the price path used to value USTRY collateral, allowing them to borrow assets beyond the token’s real worth.
Magazine: Will the crypto lobby's $189M campaign get CLARITY over the line?
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Someone just walked off with $5.25 million from the Hedera network, and they didn’t exactly try to be subtle about it. Blockchain security firms PeckShield and Specter flagged the suspicious activity on July 11, tracking a trail of funds that moved from Hedera’s mainnet to Ethereum through a cross-chain bridge powered by LayerZero technology.
The timing is particularly awkward for Hedera. Just weeks after the network celebrated the launch of the first US spot HBAR ETF, it’s now dealing with a significant security incident.
How the exploit unfolded The attacker funded an Ethereum wallet with 1 ETH routed through Tornado Cash, the privacy mixing service. From there, the attacker bridged assets from Hedera to Ethereum using LayerZero’s cross-chain infrastructure. Once the funds landed on Ethereum, the attacker swapped Wrapped Bitcoin for Ether, consolidating the stolen haul into more liquid assets.
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At the time security researchers flagged the incident, the attacker’s Ethereum wallet held approximately 2,360 ETH, valued at about $4.25 million, along with 15.58 WBTC worth roughly $1 million. The wallet addresses involved have been identified as 0x9A4966152F6e10b33Cb7a37975e8619816d6a494 and 0xaf20D792A19fD42dCf697ceBa6100291D96dD93e.
Hedera itself has not confirmed the exploit. On-chain investigators are still picking through the transaction data to determine exactly what vulnerability was exploited and how the attacker gained access to the funds in the first place.
A pattern that should worry everyone This isn’t Hedera’s first brush with a security breach. Back in March 2023, the network experienced an exploit that affected decentralized exchange liquidity pools through a bug in Hedera Token Service transfers.
The 2026 landscape has been particularly brutal. A $6 million exploit hit Summer.fi, and a governance attack on BONK DAO resulted in $20 million in losses. The suspected Hedera incident slots neatly into this growing catalog of multi-million-dollar security failures.
What this means for HBAR and its new ETF In June 2026, Canary Capital launched the first US spot HBAR ETF, which debuted with $52.6 million in assets under management. Now, barely a month later, the network is associated with a multi-million-dollar theft.
The exploit appears to involve assets bridged off the Hedera network rather than a compromise of the network’s core consensus mechanism. The use of Tornado Cash to fund the initial wallet suggests the attacker was prepared for scrutiny, which typically makes fund recovery significantly more difficult.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bonzo Finance Labs, the team behind Bonzo Finance, Hedera’s flagship DeFi lending and borrowing protocol, announced today that Bonzo Lend was exploited on July 11 after an attacker manipulated a third-party oracle price feed, allowing the protocol to vastly overvalue a small SAUCE deposit and enable excessive borrowing.
The team stressed that the issue originated in Supra’s oracle verification process rather than Bonzo Lend’s smart contracts, which it said functioned as designed by using the incorrect on-chain price supplied by the oracle.
Bonzo Lend and Bonzo Points have been paused, while Bonzo Vaults, Bonzo Bridge, and BONZO/XBONZO staking remain unaffected, according to the project.
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According to the preliminary incident report, Wallet A submitted a forged price update that inflated SAUCE’s value by roughly 12 orders of magnitude above its actual market price. Bonzo said the manipulated update was accepted because a flaw in Supra’s verifier incorrectly treated a zeroed BLS signature as valid, allowing the false price to be written on-chain.
Once the manipulated price was live, the attacker deposited 250 SAUCE as collateral and borrowed millions of dollars worth of assets. Bonzo said its lending contracts simply read the oracle’s on-chain price and calculated borrowing limits as designed, adding that Supra has since acknowledged the vulnerability and deployed a fix for the affected verifier.
The report further stated that the exploit did not involve vulnerabilities in Bonzo Lend, abnormal market activity, or flash loans, noting SAUCE’s real trading price remained stable throughout the incident.
The report also highlighted the involvement of Wallet B, which borrowed roughly another $1 million while the inflated price remained active before identifying itself as a white-hat participant and offering to return the funds.
Bonzo said it is coordinating the recovery with Wallet B separately and will provide further updates on reimbursements, withdrawals, and remediation once investigations are complete.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bonzo Lend, a decentralized lending protocol operating on the Hedera network, experienced a significant security breach resulting in a loss of approximately $9 million. The attack exploited a vulnerability in the protocol’s oracle mechanism, enabling the perpetrator to extract funds far exceeding the collateral’s real value.
Attacker exploits oracle to inflate collateral valueAccording to an initial investigation, the incident began when the attacker deposited just 250 units of SAUCE, a token representing only a few dollars. Shortly thereafter, the attacker submitted a manipulated price update that amplified SAUCE’s value by an estimated 12 orders of magnitude. Leveraging the inflated value, the attacker borrowed 6.63 million USDC and 34.5 million wrapped HBAR from Bonzo’s lending pool.
The manipulation targeted the protocol’s reliance on on-chain pricing data, transforming minor collateral into a tool for siphoning millions from its liquidity pool.
Mini dictionary: Oracle, in blockchain and DeFi, refers to a system that provides external data—such as asset prices—to smart contracts, enabling their automated functions.
Bonzo Finance attributed the breach to a flaw in Supra’s on-chain oracle verifier, which allowed a manipulated SAUCE price update with a zeroed signature. Supra, the company providing the affected oracle, has acknowledged the issue and implemented a fix.
Protocol, network not directly compromisedBonzo Finance stated that the exploit did not stem from vulnerabilities in its own smart contracts or the underlying Hedera network. Instead, the problem emerged from how the protocol’s oracle system verified external price data, ultimately making it susceptible to manipulation.
Bonzo is a decentralized finance (DeFi) lending protocol designed to enable users to supply assets as collateral and borrow against them on the Hedera blockchain. Hedera is a public distributed ledger platform focused on fast and secure decentralized applications.
DeFi protocols face rising security threatsThis exploit contributes to a growing number of attacks targeting DeFi protocols in 2026. The second quarter of the year saw a record 83 exploits, with total funds stolen reaching about $755 million. Cross-chain bridge exploits were responsible for $351 million, while attacks involving compromised administrators and manipulated token prices comprised 37% of the quarterly losses.
CategoryQ2 2026 LossesCross-chain bridge exploits$351 millionCompromised admin & price manipulation37% of total lossesTotal DeFi exploits$755 million (83 incidents)Overall, DeFi’s total value locked (TVL) fell by 39% in 2026, dropping from around $115 billion in January to over $70 billion by June, according to research firm CryptoRank. The firm reported 121 hacks during this timeframe, with estimated losses of $942 million, indicating that recurring security incidents continued to undermine user trust and drive capital outflows.
Similar incidents in the DeFi spaceThe Bonzo Lend exploit follows a comparable attack on the YieldBlox DAO lending pool on the Stellar network earlier this year. Attackers in that case manipulated the price path used to value USTRY collateral, draining roughly $10 million after borrowing assets beyond the token’s actual value.
These incidents highlight persistent challenges related to price oracles and external data feeds within decentralized finance systems, which remain targets for sophisticated exploits despite advances in smart contract security and blockchain infrastructure.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
PANews reported on July 11, citing Cointelegraph, that the Hedera-based lending protocol Bonzo Finance suffered an oracle attack, losing approximately $9 million. The attacker used collateral after the SAUCE token price was abnormally inflated to borrow assets far exceeding their actual value from the protocol.
Bonzo’s preliminary incident report shows that the attacker deposited only 250 SAUCE (worth just a few dollars), then submitted a price update that artificially inflated the token’s price by about 12 orders of magnitude. Subsequently, the address borrowed $6.63 million in USDC and 34.5 million wrapped HBAR (wHBAR) from the lending pool. It is reported that the incident originated from a vulnerability in the on-chain oracle validator of the oracle service provider Supra, which erroneously accepted a SAUCE price data with a zeroed-out signature. Supra has confirmed the issue and completed a fix. Bonzo emphasized that this attack did not stem from any vulnerability in Bonzo’s smart contracts or the underlying Hedera network.
Data shows that the second quarter of 2026 has become the quarter with the most attacks in crypto history, with a total of 83 security incidents resulting in cumulative losses of about $755 million. Among them, cross-chain bridge attacks caused approximately $351 million in losses, while admin key leaks and fake token price manipulation accounted for 37% of the quarterly losses.
Affected by ongoing security incidents, the DeFi sector’s total value locked (TVL) has fallen from around $115 billion in January this year to over $70 billion in June, a cumulative decline of 39%. CryptoRank data shows that the industry has experienced 121 security incidents so far this year, with cumulative losses of about $942 million. Persistent security issues may further weaken user confidence and accelerate capital outflows.
It is worth noting that in February this year, the Stellar-based lending protocol YieldBlox also experienced a similar incident. The attacker stole around $10 million in assets from its lending pool by manipulating the USTRY collateral price path.
Practical Hedera workflows from the terminal Hiero CLI is a command-line tool for developers working with the Hedera and Hiero ecosystems. Its purpose is not only to expose individual commands, but also make common Hedera workflows easier to run, repeat, test, and automate from the terminal.
The CLI can be installed globally with npm or Homebrew and used through the hcli command. It’s a tool for interacting with Hedera network, supporting actions such as creating accounts, sending transactions, managing fungible and non-fungible tokens, and working with mainnet, testnet, previewnet, and localnet environments.
The most useful way to think about Hiero CLI is this: Hiero CLI helps developers perform common Hedera operations quickly and consistently without writing one-off SDK scripts for every account, token, contract, network, or transaction workflow.
This document focuses only on the most important capabilities that are already described in the public repository, plugin documentation, or observable CLI examples.
1. Network and operator setup One of the strongest practical use cases for Hiero CLI is working across different Hedera environments. Developers often need to switch between mainnet, testnet, previewnet and localnet depending on whether they are building a proof of concept, preparing a demo, testing locally, or running real network operations.
Developers can set a default network, configure an operator for a specific network, or use the global –network / -N flag to run a single command against a different network without changing the default configuration.
Example:
hcli network use --global testnet hcli hbar transfer --amount 1 --to 0.0.789012 --network mainnet This is useful for teams that mostly work on testnet or localnet, but occasionally need to run specific commands against another environment. It also reduces the risk of constantly editing configuration files or maintaining separate scripts for each network.
1.1 Secure key and credential handling Because many CLI operations require signing transactions, secure handling of private keys is an important part of the developer workflow. Hiero CLI supports key references stored in its local credential system. These references use the kr_xxx format and can be used in commands instead of passing inline accountId:privateKey pairs every time.
This is useful because developers can configure credentials once and then reuse stored references across workflows. It also reduces the need to paste private keys directly into shell commands, scripts, or shared documentation.
Hiero CLI also exposes configuration for the default key manager, including local and local_encrypted options. For real workflows, teams should prefer stored credential references and avoid exposing private keys in terminal history, CI logs, or copied command examples.
2. Account, HBAR, and token workflows Many Hedera workflows start with accounts and basic transfers. Hiero CLI provides commands for creating, importing, listing, viewing, deleting, and checking the balance of accounts. It also supports HBAR transfers.
Example:
hcli account create --balance 10 --name alice hcli account balance --account alice hcli hbar transfer --to 0.0.123456 --amount 1 This is especially useful for preparing demos, integration tests, or proof-of-concept environments. Instead of writing a custom SDK script to create accounts, fund them, and check balances, a developer can run the required operations directly from the terminal.
Hiero CLI is also useful for token lifecycle workflows. The Token Plugin supports operations for fungible tokens and non-fungible tokens, including token creation, association, minting, and transfers.
Example fungible token flow:
hcli token create-ft \ --name demo-token \ --token-name "Demo Token" \ --symbol "DMT" \ --treasury alice \ --decimals 2 \ --initial-supply 1000 \ --supply-type FINITE \ --max-supply 10000 hcli token associate --token demo-token --account bob hcli token transfer-ft \ --token demo-token \ --from alice \ --to bob \ --amount 100 This kind of workflow is a strong fit for Hiero CLI because it represents a real developer need: creating a token, associating it with another account, transferring it, and verifying that the result is correct. These steps are common in testing, demos, tutorials, and early product development.
The CLI also returns readable command output, including values such as token IDs, transaction IDs, network information, and success status. This makes the tool useful not only for execution, but also for documentation and demo scenarios where the result needs to be clearly shown.
3. Smart contracts, batch transactions, and scheduled transactions Hiero CLI also supports more advanced workflows, including smart contract deployment, batch transactions, and scheduled transactions.
For smart contracts, the simplest path is to use one of the built-in default contract templates. This allows a user to deploy a sample contract without preparing a Solidity file or setting up a separate contract project.
For example, a developer can deploy a built-in ERC-20 contract template like this:
hcli contract create --name my-token --default erc20 Or deploy a built-in ERC-721 contract template like this:
hcli contract create --name my-nft --default erc721 After deployment, Hiero CLI can also interact with standard ERC-20 and ERC-721 contract functions exposed by those specifications. For ERC-20 contracts, this includes common calls such as name, symbol, decimals, totalSupply, balanceOf, allowance, transfer, transferFrom, and approve. For ERC-721 contracts, this includes functions such as name, symbol, balanceOf, ownerOf, tokenURI, getApproved, isApprovedForAll, approve, setApprovalForAll, transferFrom, and safeTransferFrom.
This makes the contract workflow easier to demonstrate, especially for first-time users. After the CLI is configured and the operator account has enough funds, the user can deploy a sample contract with a short command. For more advanced use cases, Hiero CLI can also deploy and verify a custom Solidity file, but the built-in templates are the better starting point for a short introductory workflow.
Hiero CLI also works with batch transactions for documented commands. A batch can group supported operations and execute them together as an atomic transaction.
Example:
hcli batch create --name token-demo-batch --key alice hcli token associate --token token-a --account bob --batch token-demo-batch hcli batch execute --name token-demo-batch Scheduled transactions are supported as well. They are useful when a supported transaction should be created first and then signed, verified, or completed later.
The key point is that these features should be described accurately: not every command can be batched or scheduled, but Hiero CLI enables these workflows for specific documented commands.
4. Plugin-based architecture Hiero CLI is built around a plugin architecture. The public repository describes default plugins for areas such as accounts, tokens, networks, HBAR, credentials, topics, configuration, contracts, ERC-20, ERC-721, swaps, batches, and schedules.
This matters because Hiero CLI is not only a fixed set of commands. It is also designed as an extensible framework for organizing Hedera-related command-line functionality.
The plugin architecture helps keep functionality consistent across the CLI. Instead of every new feature becoming a separate script with its own conventions, plugins can use shared services for network configuration, state management, output formatting, logging, account operations, token operations, transaction execution, and other core capabilities.
For developers and maintainers, this is one of the most important long-term strengths of Hiero CLI. It gives the ecosystem a structured way to add new command-line capabilities (new plugins) while keeping the developer experience consistent.
Another important advantage is that developers are not limited to the default plugin set. Hiero CLI can be extended with community plugins created as separate projects. A team can build a custom plugin with its own commands, business logic, and state, and then register it in the CLI through the plugin-management plugin.
For example, a custom plugin can be added from a local project path:
hcli plugin-management add --path /path/to/my-custom-plugin This makes Hiero CLI useful not only as a ready-made developer tool, but also as a foundation for ecosystem-specific automation and custom workflows.
5. AI-agent ready workflows and skills Hiero CLI is also prepared for AI-assisted developer workflows. The repository includes structured skill files that describe how agents should use the CLI, including command syntax, global flags, plugin references, common workflows, and recovery steps for common errors.
This matters because an AI agent can use those skill definitions to understand how to run hcli commands more safely and consistently instead of guessing command names or options. The same idea also applies to extensibility: the repository includes a dedicated skill for scaffolding community plugins, which helps agents guide developers through creating a standalone plugin project.
In practice, this makes Hiero CLI easier to use in agent-assisted environments, where the agent can help configure networks, create accounts, deploy contracts, run token workflows, or scaffold new plugins based on documented CLI behavior.
6. How Hiero CLI compares to other blockchain CLIs Many blockchain ecosystems have their own command-line tools. Solana has its own CLI for wallet, configuration, transfer, and cluster workflows. Ethereum developers often use tools such as Hardhat or Foundry for smart contract development, testing, deployment, and EVM interaction.
Hiero CLI should not be described as a generic replacement for those tools. Its value is more specific. It packages Hedera and Hiero workflows into a single terminal-based tool.
That is where Hiero CLI is strongest: not as a universal blockchain CLI, but as a practical developer tool for working with Hedera workflows consistently from the terminal.
As AI agents take on more of the work of building and operating on-chain, the question shifts from what can a model say to what can a model do. While an agent can reason brilliantly about Hedera for a number of tasks, if it can also reach the network for accurate, up-to-date information for both direct interaction and querying, its capabilities are highly enhanced.
Two emerging standards make that possible: the Model Context Protocol (MCP), which gives agents a universal way to connect to tools and data, and Agent Skills, which give agents the packaged expertise to use those tools well.
Hedera developers can use both. The newly-launched Hedera Hosted MCP Server lets any MCP-compatible client tap into Hedera network capabilities without standing up local infrastructure, and the open-source Hedera Skills marketplace gives AI coding agents the domain knowledge to build on Hedera correctly. Together they turn a general-purpose AI assistant into a capable Hedera developer.
Two ways to expand agent capabilities It helps to separate the two ideas because they solve different problems.
MCP is about structure. It is an open standard – originally introduced by Anthropic and now stewarded by the Linux Foundation – that standardizes how an AI application connects to external tools, data, and services. Instead of writing a one-off integration for every model and every framework, a developer exposes capabilities (tools) once through an MCP server, and any MCP-compatible client – Claude Desktop, Cursor, or a custom application – can discover and call them. MCP has quickly become the de facto way agents reach the outside world.
Agent Skills are about configurability. A Skill is a modular knowledge package: a folder containing instructions, references, and optional code that teaches an agent how to perform a specialized task reliably. Where MCP hands an agent a set of tools, Skills hand it the playbook for using them. Crucially, Skills load through “progressive disclosure” – the agent pulls in only the instructions relevant to the task at hand, rather than carrying every reference in its context at once.
Put simply: MCP gives an agent hands, and Skills give it knowledge and configurable capabilities. Hedera offers both.
The Hedera Hosted MCP Server The Hedera Hosted MCP Server is a managed, remote instance of the Hedera Agent Kit, exposing its tools over MCP. That “hosted” part matters: developers get Hedera network capabilities without deploying or maintaining any agent infrastructure themselves. You point your client at an endpoint, supply an account ID, and the Hedera tools appear in your assistant’s tool list.
Connecting is deliberately lightweight. The server uses the MCP Streamable HTTP transport at https://agentic-testnet-mcp.hedera.com/mcp, and you initialize a session by passing your Hedera Testnet account ID in a single HTTP header, x-hedera-account-id. On that first request, the server looks up your account’s public key on the Hedera Mirror Node and scopes the session to your account, so every subsequent tool call knows which account it is building transactions for.
For most clients, configuration is a small JSON block:
{ "mcpServers": { "hedera": { "url": "https://agentic-testnet-mcp.hedera.com/mcp", "headers": { "x-hedera-account-id": "0.0.YOUR_ACCOUNT_ID" } } } } Drop that into Cursor’s mcp.json or Claude Desktop’s config, restart the client, and the tools are ready. Standard MCP clients also handle session continuity for you – the protocol’s SDK captures the server’s mcp-session-id and silently attaches it to later requests, so there is no need to manage session tokens by hand.
Sign on your side, always The most important design choice in the hosted server is what it deliberately does not do. It operates exclusively in RETURN_BYTES mode: it never signs or submits transactions, and it never sees a private key. You only ever send your account ID.
When you ask the agent to do something that changes on-chain state – transfer HBAR, mint a token, deploy a contract – the server builds the transaction and returns it as hex-encoded bytes. Signing and submitting happen entirely on your side, using a local script or the Hedera SDK. This keeps custody where it belongs and removes the most dangerous failure mode of giving an AI agent network access: it can propose, but it cannot spend, until you sign.
Example: Sign and submit transactions Set up an operator account and a Hedera client, then decode, sign, and submit the bytes returned by a transaction-building tool:
const bytesObject = parsed.bytes || parsed.raw.bytes; const realBytes = Buffer.isBuffer(bytesObject) ? bytesObject : Buffer.from(bytesObject.data || bytesObject); console.log('Transaction bytes found. Executing...'); const tx = Transaction.fromBytes(realBytes); const result = await tx.execute(humanInTheLoopClient); const receipt = await result.getReceipt(humanInTheLoopClient); console.log('Transaction receipt:', receipt.status.toString()); console.log('Transaction ID:', result.transactionId.toString()); bytesHandled = true; There is a practical consideration worth flagging. General-purpose clients like Cursor and Claude Desktop can run any read-only query out of the box – checking balances, looking up token details, fetching exchange rates – because no signature is required. But if you ask them to perform a state-changing action, they will hand back the unsigned transaction bytes, and you will need to sign and submit them yourself with a local tool. The hosted server is, in effect, read-and-build for GUI clients, and full read-write for applications wired to do the signing.
What the tools cover The hosted server comes pre-configured with tools, grouped according to Hedera’s core plugins in a few familiar categories: Accounts (create accounts, update keys, transfer HBAR, manage allowances, query balances), Tokens (HTS) (create, mint, transfer, associate, and query fungible and non-fungible tokens), Smart Contracts (EVM) (deploy, call, and query ERC-20 and ERC-721 contracts), Consensus (HCS) (create topics, submit messages, query topic info), and a Transactions and Misc group for records, exchange rates, and node fees.
A few limitations are by design. The hosted instance connects to Testnet only – Mainnet integrations call for the self-hosted MCP server. No transaction execution happens server-side. And sessions live in memory, so if the server restarts, active clients simply re-initialize.
Hedera Agent Skills If MCP is how an agent reaches Hedera, the Hedera Skills repository is how it learns to build on Hedera well. It is an open-source (Apache-2.0) marketplace of plugins and skills for AI coding agents, combining Hedera-specific development tools with general-purpose dev-workflow intelligence. Each plugin is a packaged bundle of instructions, references, and working examples that extend what an agent can do.
Installation fits naturally into the tools developers already use. You add the skills with a simple command:
npx skills@latest add hedera-dev/hedera-skills Or, for Claude Code users, you can install the marketplace.
# Add the Hedera marketplace /plugin marketplace add hedera-dev/hedera-skills # Install individual plugins /plugin install agent-kit-plugin /plugin install system-contracts /plugin install native-services-js /plugin install hackathon-helper /plugin install dev-intelligence Once installed, skills are available automatically – the agent reaches for them when it detects a relevant task, loading only the reference files it needs.
The current lineup maps cleanly onto how people actually build:
agent-kit-plugin – a guide for creating custom plugins that extend the Hedera Agent Kit, covering plugin architecture, tool interface specs, Zod schema patterns for Hedera types, prompt-writing patterns, and error handling, with working examples. system-contracts – technical references for Hedera’s precompiled system contracts, including the Hedera Token Service contract (0x167) and the Schedule Service contract (0x16b), for developers writing Solidity that touches native Hedera services. native-services-js – guides for using Hedera native services with the Hiero JavaScript SDK, spanning token-service operations (creation, minting, KYC/freeze/wipe, airdrops, custom fees) and consensus-service patterns (topic creation, chunked messages, mirror-node subscriptions). hackathon-helper – two skills aligned to official judging criteria: an interactive PRD generator that produces a project plan with a predicted score, and a submission validator that scans a repo and grades it against all seven criteria with prioritized action items. dev-intelligence – a language-agnostic workflow toolkit for session continuity, quality gates, project scaffolding, and tech-debt tracking, including commands like /continue, /init, and /health and auto-validation hooks that run a linter or type-checker after every edit. Every plugin follows the same simple structure: a SKILL.md with instructions for the agent, a references/ folder of supporting documentation, and an optional examples/ folder of working code. It is a pattern any developer can read, fork, and contribute to.
Better together The real value shows up when the two standards work in concert. An agent connected to the Hedera Hosted MCP Server can read account balances and construct transactions; the same agent, equipped with the native-services-js or system-contracts skills, knows the right way to structure a token with custom fees, or which response code to handle when an HTS call fails. One gives the agent reach into the network; the other gives it the judgment to use that reach correctly – and to hand you well-formed bytes to sign.
That combination points at where on-chain development is heading. Just as x402 gives agents a native way to pay for resources, MCP and Agent Skills give them a native way to build. As autonomous systems become first-class participants in software development, they need both access and expertise delivered through open, composable standards. Hedera supporting MCP and shipping an open skills marketplace is a bet on exactly that future: agents that don’t just describe what to do on Hedera, but do it – safely, reliably, and with a developer still holding the keys.
HBAR continued its downward trajectory on Tuesday, signaling the cryptocurrency has reached a critical juncture according to several technical indicators. Over the last 24 hours, HBAR lost approximately 2% and was trading at $0.07359 based on CoinMarketCap data. The token’s daily trading volume stood at $81.46 million, while its market capitalization was estimated at about $3.21 billion.
Historic support region back in focusCrypto analyst Crypto Patel pointed out that HBAR has declined by roughly 83% from its most recent local peak. This correction has brought the price range down to between $0.058 and $0.042 on the weekly chart—a zone Patel identifies as a long-term buying opportunity. According to the analyst, this region has previously acted as a strong support level, attracting robust buying interest in the past.
Patel also noted that HBAR has now entered an order block on the weekly timeframe. In technical analysis, such areas are viewed as zones where sustained corrections might end and renewed buying demand can emerge.
Glossary: An order block is a technical analysis concept describing price regions that have previously sparked significant buying or selling reactions. Investors track these areas as potential supply or demand zones where new trading momentum could develop.
According to Crypto Patel, HBAR’s market structure remains intact as long as the weekly price holds above $0.0356. However, for a broader trend reversal to be confirmed, he emphasized that the asset would need to break through its long-term descending trendline and retest that level.
Key levels to watch for a trend reversalThe analyst highlighted that HBAR needs to climb above the descending trendline, which has capped the price for weeks, to reinforce any bullish outlook. Until a decisive breakout occurs, the current pattern remains only a potential breakout attempt, not a confirmed reversal.
If a breakout does materialize, Patel identified technical targets at $0.16, $0.35, and, over the longer term, $1.00. This scenario suggests a possible gain of about 1,600% from current levels. However, these projections are grounded in technical inferences drawn from previous price cycles.
Tracking historical cycles and derivatives dataIn 2020, HBAR established a base around a critical support area for months, then surged roughly 1,800% in 2021. The subsequent bear market from 2022 to 2023 saw HBAR lose about 94% of its value, before rebounding by close to 800% during the 2024 rally. With the recent correction, HBAR now hovers near this long-term support range once again.
Meanwhile, derivatives market data suggests a waning of investor interest in the short term. Open interest shrank by 5.21% to $90.60 million. Trading volume also fell by 28.79% to $90.07 million, reflecting a reduction in leveraged positions across the board.
Weighted funding rates for open positions remained negative at -0.0018. This indicates that demand for short positions is marginally higher than for longs. Moving forward, the market will be closely watching to see whether HBAR can hold its weekly demand zone and break out of the downward trendline.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The Canary HBAR ETF, trading on Nasdaq under the ticker HBR, pulled in $989,000 in net inflows on July 2. The figure marked its largest single-day inflow since May 15, according to market posts tracking spot crypto ETF flow data.
Summary
Canary’s HBR ETF drew $989K, showing Hedera still appears in institutional flow data despite weak price. HBAR trades near $0.075, with market cap above $3.29b and weekly gains holding firm. ETF demand remains small, but steady appearances may keep Hedera visible to regulated investors. The amount remains small compared with spot Bitcoin ETF and spot Ethereum ETF flows. Still, the move showed that Hedera continues to appear in institutional product data even during a quiet period for HBAR price action.
One market post said the fund’s consistency matters more than “any one-day figure.” That view reflects the current debate around HBR. The fund has not produced large daily flows in recent weeks, but it continues to provide regulated exposure to HBAR.
The ETF gives investors access to Hedera without holding tokens directly.Canary’s fund page says HBR holds HBAR and offers simplified exposure through brokerage and retirement accounts.
HBAR price remains below $0.08 HBAR traded at $0.075212 on July 5, based on crypto market data. The token was up 0.75% over 24 hours and 5.67% over seven days.
The token’s market cap stood at about $3.29 billion, while 24-hour trading volume was near $68.95 million. HBAR traded between $0.07433 and $0.077207 during the latest 24-hour period.
The price remains far below Hedera’s all-time high of $0.569229, reached on Sept. 15, 2021. It also remains under the $0.10 area that has capped several recovery attempts in 2026.
That gap shows the difference between institutional product access and token price strength. HBR may improve access for regulated investors, but HBAR still needs broader demand to build a stronger market structure.
ETF data keeps Hedera visible Earlier Hedera price coverage showed that the HBR ETF had accumulated $93.21 million in cumulative inflows by early 2026. The same report said HBAR became one of the few cryptocurrencies to secure U.S. spot ETF access.
Canary’s HBR fund page lists the ETF’s net assets at about $49.14 million as of July 2. It also shows a market price of $9.92 and net asset value of $9.89 on the same date.
The fund charges a 0.95% sponsor fee. Its listed custodians include BitGo Trust Company and Coinbase Custody Trust Company, according to Canary’s published fund details.
These details matter for institutional users because custody, pricing and access remain key parts of crypto ETF demand. HBR gives Hedera a channel into traditional brokerage accounts, even if current flows remain modest.
Hedera adoption story meets weak price action Hedera remains focused on enterprise use cases, payments, tokenization and decentralized applications. The project’s governing council includes several major companies, while HBAR powers fees and network activity.
Past coverage noted that Hedera has processed real-world asset activity and has drawn attention from firms looking at enterprise blockchain use. Even so, token price action has stayed weak for much of 2026.
This creates a split market picture. On one side, HBR’s inflow shows that some regulated investor demand still exists. On the other side, HBAR continues to trade below key resistance levels and remains down sharply from past highs.
At press time, the July 2 inflow gives Hedera a fresh institutional flow signal. It does not confirm a price recovery by itself. Traders will likely watch whether HBR can attract repeat inflows and whether HBAR can reclaim the $0.08 to $0.10 zone.
The Canary Capital Hedera ETF (Nasdaq: HBR) recorded its largest single-day inflows in nearly seven weeks on July 2, pulling in $989,000 in net new capital. The figure marks the first inflows the product has seen since June 12 and comes close to matching the fund's previous high-water mark of $1.01 million, set on May 15.
The timing is notable. The U.S. spot ETF for $HBAR, launched by Canary Capital, had recorded zero investor inflows for multiple consecutive weeks as of late June 2026, with another week of no capital flows noted as recently as June 27. The July 2 reading breaks that run of silence and puts the fund back in positive territory, at least for now.
A Brief History of HBRCanary Capital launched the Canary HBAR ETF (Nasdaq: HBR), a U.S. exchange-traded fund providing spot exposure to $HBAR, the native token of the Hedera network, with the fund declared effective by the SEC and beginning trading on October 28, 2025. Unlike futures-based funds, HBR holds actual HBAR tokens in custody, making it the first-ever spot ETF offering direct exposure to HBAR.
The ETF currently holds 1.56% of $HBAR's circulating supply, according to data cited by @BSCNews. That figure has grown steadily since launch. As of late March 2026, the fund had accumulated 549 million HBAR, representing 1.3% of circulating supply and $93 million in total inflows.
Context and What to WatchThe brief return of inflows comes against a backdrop of mixed signals for the product. The prior stretch of stagnation contrasted with active flows into other altcoin ETFs, indicating a lack of fresh institutional capital specifically for HBAR.
On the regulatory front, the picture is more constructive. Hedera's regulatory position strengthened on March 17, 2026, when the SEC and CFTC jointly classified HBAR as a "digital commodity," removing major legal uncertainty. That foundation supports the 15 active spot ETF filings, including those from Grayscale and Bitwise, alongside the existing Canary product.
Whether July 2's inflows represent a turning point or a one-off remains to be seen. For now, the fund's holders will be watching closely to see if institutional interest can sustain itself through the summer.
Hedera’s native token HBAR returned to the spotlight on Tuesday, July 2, after a recent rebound brought it closer to a crucial resistance zone. As market watchers speculated on whether buyers could maintain momentum, spot and derivatives data painted a mixed picture for the digital asset’s short-term prospects.
Price stalls in critical rangeAt the time of reporting, HBAR was trading at $0.07404. The asset posted a 3.38% gain over the past 24 hours and registered a weekly increase of 2.79%. However, 24-hour trading volume dropped by 10.28% to $60.22 million compared to the previous period, highlighting waning activity.
Analyst More Crypto Online noted that HBAR is currently testing the resistance zone within wave 2 of wave 3, according to the yellow scenario. The analyst emphasized that the $0.074 to $0.08 range stands out as the most critical short-term area to watch.
Surpassing the $0.074 to $0.08 range could alter the short-term technical outlook and pave the way for either a larger correction or a new bullish phase.
A decisive move above this range would indicate a potential shift in HBAR’s short-term trend. If that occurs, the price may enter a broader trading band and prompt the emergence of new technical targets in alternative scenarios.
Support and resistance levels gain importanceIn the short term, initial support is located at $0.0642, while immediate resistance stands at $0.0793. Should HBAR break above this threshold, the next resistance to monitor is $0.0882. If upward momentum builds, $0.1009 could also come into play as an additional target.
On the other hand, if the upward recovery loses steam, support levels will become increasingly significant. A drop below $0.0642 could see the market focusing on the next support near $0.0548 as a new potential base.
Technical indicators and futures show mixed signalsAccording to TradingView data, HBAR continues to face pressure from its short-term moving averages. The 20-day exponential moving average stands at $0.07574, while the 50-day EMA is at $0.08097, both acting as overhead resistance. On longer timeframes, the 100-day average is at $0.08704 and the 200-day average at $0.10253, maintaining the downward pressure.
Bollinger Bands data show the mid-level at $0.07643, with the upper band at $0.08482 and the lower band at $0.06805. HBAR’s price hovers below the middle band but remains above the lower band, signaling continued indecision in the short-term direction.
Futures market data likewise show a mixed structure. Trading volume in the derivatives market fell 6% to $96.39 million, but open interest climbed 2.99% to $95.03 million, with the open interest-weighted funding rate at 0.0099%.
In the past 24 hours, a total of $35,980 in positions were liquidated, with $5,240 from long positions and $30,740 from shorts. This distribution indicates ongoing uncertainty among traders regarding the short-term direction as both bullish and bearish bets persist.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Hedera has announced that Fireblocks now supports the Hedera Token Service (HTS), opening up institutional-grade custody for native HTS assets through the Fireblocks platform.
What the Integration CoversThe move allows Fireblocks clients to hold HTS tokens alongside their existing digital asset portfolios, with no separate infrastructure or additional setup required. USDC support is live globally from day one, and new wallets no longer need upfront $HBAR funding to get started, removing a longstanding friction point for institutions entering the Hedera ecosystem.
The Hedera Token Service is Hedera's native token issuance and management layer. According to Hedera, it enables the creation of fungible and non-fungible tokens using simple APIs, without relying on smart contracts, and is built for high-throughput operations with predictable fees and fast settlement. Built-in compliance controls include KYC, freeze, and wipe functions, all handled at the consensus layer.
Why Fireblocks Matters for Institutional AccessFireblocks is one of the most widely used institutional digital asset infrastructure platforms available today. The company provides custody, payments, tokenization, treasury management, and network connectivity across 150-plus blockchains to more than 2,400 organizations. Its client base includes major banks, asset managers, and fintechs that rely on the platform for custody and settlement at scale.
For Hedera, landing a Fireblocks integration puts HTS assets directly in front of that institutional client base. The simplified onboarding, particularly the removal of the upfront $HBAR wallet funding requirement, should reduce the operational overhead that has historically made Hedera accounts more cumbersome to provision at scale.
The announcement reflects a broader push by Hedera to build institutional-grade infrastructure partnerships as demand for regulated, on-chain asset management continues to grow.
Sources
Hedera Token Service, Hedera.com
Fireblocks: Leader in Public Blockchain Support Coverage, Fireblocks Blog
HBAR has shown signs of recovery after a round of renewed buying over the last 24 hours. While the price has rebounded in the short term, technical indicators are now increasingly tilting in favor of the bulls. Nonetheless, analysts emphasize that the confirmation of a broader upward trend awaits a decisive break above a key resistance level.
Resistance zone could determine next moveTechnical analysis highlights that HBAR is once again approaching the resistance area that capped its previous rally. Although overall market momentum appears positive, analysts observe that a strong breakout in this region is required to establish a clear and sustainable uptrend.
According to More Crypto Online, the $0.074–$0.08 range on the four-hour chart remains in sharp focus. This area is viewed as a vital technical threshold that could dictate whether the recovery continues.
Mini glossary: Elliott Wave Theory is a technical analysis approach that studies price movements as recurring wave patterns. Fibonacci levels are ratios used to identify possible support and resistance zones.
Based on Elliott Wave counts, HBAR faces resistance at the second stage of a potential third wave pattern. The convergence of multiple Fibonacci levels in this region raises its technical significance. Analysts suggest that a move above this band could open the door to a wider recovery scenario.
Analysts note the current setup has improved, but stress that a solid breakout above resistance is needed to confirm a definitive upward trend.
Short-term indicators support bullish momentumOn the 30-minute chart on TradingView, HBAR’s short-term momentum has strengthened. Following the latest rebound, the coin has established higher lows and higher highs, indicating continued dominance by buyers in the immediate term.
The MACD indicator remains above the zero line, and both the MACD and signal lines continue to move upward. While the histogram is showing some loss of momentum, the overall bias remains positive.
The Relative Strength Index (RSI) has climbed to around 67, signaling HBAR is nearing the overbought zone, but has not yet triggered a strong reversal warning. This setup points to continued appetite for buying, even as the risk of stagnation around resistance keeps a period of sideways movement on the table.
The move to 67 on the RSI shows strong buying momentum but signals caution in the event of a pause near resistance.
Price action supports recovery outlookAccording to market data, HBAR was trading at approximately $0.074. Over the last 24 hours, the asset gained about 3%, while the daily high hovered near $0.0747. Despite some selling pressure during the session, the price managed to remain above its opening level, marking a steady intraday recovery.
IndicatorLevelKey resistance zone$0.074–$0.0824-hour changeUp about 3%Daily highNear $0.0747RSIAround 67While the overall technical outlook remains positive, the recovery is still incomplete. HBAR has returned to test a pivotal resistance area, and the price’s reaction here is expected to steer its next direction.
Short-term momentum stays supportive of further gains, and all eyes are now on whether HBAR can convincingly break above the $0.074–$0.08 band. A clear move above this region could signal the next stage of the recovery.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Crypto markets may be volatile, but the builders keep building. According to @SantimentData's latest 30-day GitHub development activity ranking, @MetaMask USD ($mUSD) sits at the top by a wide margin, ahead of some of the most established names in the industry.
The Top Five by Development Activity The current ranking, based on notable GitHub events over the past 30 days, is:
Santiment's ranking is based on daily notable development activity recorded on GitHub, tracking which projects within the ecosystem are experiencing the most intense technical progress. Importantly, Santiment tracks the number of GitHub events a project generates rather than simply counting commits, since pushing a commit is just one of many actions that produces an event. The methodology also filters out low-value noise such as automatic updates or superficial changes, making it a more reliable signal of genuine engineering momentum.
What Is Driving mUSD's Lead MetaMask USD ($mUSD) is the first native stablecoin launched by a self-custodial wallet, built with Bridge, a Stripe company, and M0, and supports on-ramps, swaps, bridging, and will soon be spendable via the MetaMask Card at millions of Mastercard merchants. Supported on Ethereum Mainnet and Linea, every mUSD in circulation is backed 1:1 by short-term US Treasury bills.
The development activity reflects ongoing technical work on the stablecoin's contracts, M0 protocol integrations, yield features, and wallet features such as swaps, bridging, and the MetaMask Card. MetaMask is building mUSD as a core financial layer inside the wallet, with a focus on frictionless on- and off-ramps, seamless cross-application payments, and native DeFi access, effectively evolving the wallet into a full financial operating system.
The gap between mUSD and the rest of the field is notable. According to Santiment, the list reflects only the technical development strength of projects and the activity of their teams, independent of price movements. That makes it a useful lens for gauging which teams are genuinely committed to shipping, regardless of where markets are trading.
Three Altcoin ETFs Stuck at ZeroSpot ETFs tied to @Polkadot ($DOT), @Hedera ($HBAR), and @avax ($AVAX) have recorded zero dollars in flows this week, extending what is now a multi-week streak of complete inactivity. The products are live, the wrappers exist, but institutional capital simply is not arriving.
The pattern points to a broader dynamic playing out across the altcoin ETF market. Data from mid-June 2026 showed U.S. spot altcoin ETF inflows concentrated on Hyperliquid, XRP, and Solana, while HBAR's ETF segment returned to flat, joining other altcoins with no incremental demand. This suggests investors are making high-conviction bets on select assets rather than seeking broad altcoin exposure.
Selective Capital, Not a Rising TideThe divergence is stark. On one side, XRP and Hyperliquid are capturing strong institutional inflows and price momentum. On the other, Polkadot, Avalanche, and Hedera are effectively frozen in terms of new capital interest. This is not a traditional altcoin season.
Beneath the macro weakness, a sharper trend is emerging: institutional investors are no longer treating altcoins as a single basket. Instead, they are selectively allocating capital into specific narratives, leaving others behind.
The lack of flows is notable given that these products have only recently come to market. Hedera already has a live product in Canary Capital's HBR ETF, which launched on October 28, 2025, and pulled in $93 million in inflows, holding 549 million HBAR. That early momentum has since faded. This stagnation indicates that institutional investors are not currently treating these assets as priority exposure targets, and that ETF listings alone are not enough to generate demand without a strong narrative or active accumulation strategy behind them.
Broader market structure is not helping. The macro environment plays a major role in suppressing altcoin flows, with Bitcoin dominance remaining close to 60% and the Altcoin Season Index sitting at just 24. Historically, this combination signals a market where capital is concentrated in Bitcoin rather than rotating into smaller assets.
With multiple altcoin ETF products now on the shelf and institutional interest concentrated in a handful of names, the question for $DOT, $HBAR, and $AVAX is whether a narrative catalyst or a broader rotation can eventually unlock the flows their products were designed to capture.
Sources
HokaNews: XRP and HYPE Crush Altcoin ETF Flows While DOT, LTC, AVAX Freeze
Yellow.com: 10 New Crypto ETF Filings Set To Reshape Wall Street In 2026
SoSoValue: HBAR Spot ETF Dashboard
A Legal Foundation for Agentic CommerceHedera has joined as a founding member of the Legal Context Protocol (LCP), a new open standard designed to give AI agent transactions a verifiable legal framework. The American Arbitration Association (AAA), together with Integra Ledger, launched the LCP on June 24 as a new open standard that makes legal terms, consent, and dispute resolution discoverable and verifiable when AI agents transact on behalf of people and organizations.
Founding contributors include Google, IBM, Circle, Wayfair, Stellar Development Foundation, Ava Labs, UiPath, Cardano, Hedera, Crossmint, Pinata, Aptos Foundation, Baselayer, Trinsic, First Person Cooperative, Sei Labs, and Mysten Labs, the original contributor to Sui.
Payments and identity checks already exist for AI agents, but there has been no shared system for proving the legal terms, jurisdiction, and dispute process. David Fisher, CEO of Integra Ledger, framed the gap plainly: "Payment infrastructure is actively being built for AI agents. The legal layer, what was agreed, under what terms, and how disputes will be resolved, is not. LCP provides the essential legal layer, built as an open standard that can be added to all payment rails and protocols."
Hedera's Role and the Scale of the OpportunityAs AI agents start making decisions and transacting on our behalf, Mance Harmon, co-founder of Hedera, said "we need to know there's a clear answer to what happens if something goes wrong." He added that LCP gives agentic commerce a missing layer of trust that requires no new infrastructure to adopt.
AI agents are already negotiating services, executing procurement, and settling payments autonomously. Gartner projects that by 2028, 90% of B2B purchases will be intermediated by AI agents, channeling more than $15 trillion through automated exchanges.
LCP does not move money itself. It records the terms under which a transaction took place, which law governs it, and what remedies are available if a dispute arises, making that information discoverable and cryptographically verifiable so counterpart agents and human auditors can confirm the legal context of an automated deal.
Any organisation with a web server can adopt the LCP, which does not require any other specific infrastructure, intermediaries, or use of blockchain technology. The protocol was published under an open source Apache 2.0 licence, and governance is intended to transfer to a neutral foundation.
AAA and Industry Leaders Launch Legal Protocol for Agentic Commerce (PR Newswire) | AAA Launches Legal Layer for AI Agent Transactions (CoinTelegraph) | AAA Official Press Release (adr.org)
PANews reported on June 2nd that, according to Decrypt, following the CFTC's approval of Bitcoin perpetual contracts last Friday, prediction market maker Kalshi quickly submitted self-certification applications for perpetual contracts on 12 major altcoins, including Ethereum, XRP, Solana, Dogecoin, Stellar, Chainlink, Bitcoin Cash, Litecoin, Sui, Shiba Inu, Polkadot, and Hedera. The CFTC stated that while approving the Bitcoin perpetual contract, perpetual contracts for other assets will be reviewed on a case-by-case basis; therefore, Kalshi's applications have not yet been approved.
London, June 11, 2026 – Archax, the UK/EU-regulated digital asset platform, today announced real-time streaming cash flows for tokenized securities on Hedera, the trusted public network for building fast, secure, and compliant decentralized applications. This capability enables interest payments to be distributed on a near second-by-second basis directly to investors’ wallets using Circle’s USDC stablecoin on Hedera.
This innovation expands upon Archax’s success with pooled token products on Hedera. It marks another step in delivering institutional-grade digital asset infrastructure that improves efficiency, transparency, and liquidity across tokenized markets.
Powered by Hedera’s enterprise-grade, low-fee network, the streaming cash flow capability enables interest payments to update in real-time within investors’ wallets. As tokenized securities are traded, the corresponding payments automatically follow the asset each second, with cash flows adjusting continuously based on where the security is held. Since the underlying assets can be fractionalized, the associated payments are also continuously divisible.
Graham Rodford, CEO and co-founder of Archax commented, “Tokenizing assets was the first step; streaming cash flows is a giant leap into the future of finance. Industry-leading innovation like this unlocks true on-chain utility – such as real-time yield payment streams – as well as reducing market inefficiencies. This deployment on Hedera showcases how regulated, institutional products can leverage cutting-edge DLT capabilities to deliver unprecedented liquidity and efficiency to investors. This isn’t just a 24/7 market, it’s a real-time, second-by-second market.”
“Our work with Archax is a strong example of how tokenization can improve the way financial assets are managed and distributed,” said Gregg Bell, Chief Investment Officer at Hashgraph. “By enabling cash flows to move seamlessly with tokenized securities, we’re bringing greater efficiency, transparency, and precision to capital markets. It’s an important step toward a future where financial assets and the value they generate move together in real time.”
The streaming cash flow functionality also supports broader future applications, including continuous coupon payments, real-time revenue distribution, usage-based payments, and other models that benefit from precise, real-time settlement.
Archax remains focused on bridging traditional finance by providing regulated infrastructure for issuing, trading, and safeguarding digital and tokenized assets. The deployment demonstrates how Hedera’s scalable technology, institutional governance, and built-in compliance supports financial applications in regulated markets.
About Archax
Archax is a UK and EU-regulated digital asset platform, targeted at the professional and institutional investor community. Archax supports all types of digital assets – from unregulated cryptocurrencies through to regulated tokenised real-world assets (RWAs). Archax also covers the full digital lifecycle from token issuance and fundraising through to trading and custody. For more information about Archax, visit archax.com.
About Hedera
Hedera is the trust layer of the digital economy, providing fast, secure, and efficient distributed ledger technology (DLT) powered by its unique hashgraph technology. With an open-source ecosystem, predictable, low-cost fees, and carbon-negative operations, it equips developers with the tools to build scalable applications with real-world impact.
Governed by a diverse council of world-leading institutions, Hedera ensures transparent and fair decision-making. By driving innovation in DeFi, tokenization, AI, digital identity, and sustainable finance, it is shaping a more trusted, efficient, and inclusive digital future.
For more information, visit www.hedera.com, or follow us on X at @hedera or Linkedin. The Hedera whitepaper can be found at www.hedera.com/papers.
Canary Capital has brought Hedera’s HBAR token into the ETF mainstream. The firm filed a Form 424B3 prospectus supplement with the SEC for its spot HBAR ETF, trading under the ticker HBR on Nasdaq.
The filing, submitted around October 27, 2025, preceded the fund’s trading debut on Nasdaq the following day. It makes HBR the first US spot ETF offering direct exposure to HBAR, the native cryptocurrency of the Hedera network.
What the filing actually means A 424B3 is a prospectus supplement, essentially the final paperwork that tells investors exactly what they’re buying before shares start changing hands. The more important backstory is the S-1/A filing Canary submitted on September 22, 2025, which served as the precursor registration statement. The 424B3 was the last regulatory hurdle before shares could actually trade.
The ETF is structured as a grantor trust that holds 100% HBAR, plus minor cash reserves. That structure means investors own a proportional share of actual HBAR tokens sitting in custody, not derivatives or futures contracts.
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Custodial duties are split between BitGo Trust Company and Coinbase Custody. Pricing relies on a benchmark from CoinDesk for valuation of the underlying HBAR holdings.
The sponsor fee is set at 0.95%. For context, that’s higher than most spot Bitcoin ETFs, which have largely settled into a fee war in the 0.20%-0.25% range.
The numbers so far As of June 2026, the fund’s net assets sit at approximately $52.6 million. The market price per share was around $11.14 as of June 8, 2026. The fund’s CUSIP number is 136945102.
Canary Capital CEO Steven McClurg framed the approval as a significant moment for broadening investor access to digital assets.
Why this matters beyond HBAR The Hedera network operates a hashgraph-based distributed ledger, which is technically distinct from traditional blockchain architecture. It’s governed by the Hedera Governing Council, a body that has included companies like Google, IBM, and Boeing.
For investors considering the HBR fund, the 0.95% sponsor fee is the most immediate cost to weigh. With $52.6 million in net assets, the fund is still relatively small. Smaller ETFs can trade at wider bid-ask spreads, meaning investors might pay a slight premium when buying and accept a slight discount when selling compared to the fund’s net asset value.
Every dollar flowing into HBR translates to actual HBAR purchases by the trust, creating buying pressure that didn’t previously exist from the traditional finance channel.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Archax has introduced real-time yield payments on Hedera, enabling interest generated by tokenized securities to be distributed continuously in USDC.
The system allows interest payments to update automatically as tokenized securities move between wallets. According to Archax, cash flows are transferred alongside the underlying asset, allowing yield to follow ownership in real time.
Most tokenized securities continue to distribute interest through periodic payments, similar to traditional financial products. Archax said its system allows cash flows to accrue and settle continuously, supporting applications such as real-time coupon payments and revenue-sharing arrangements.
The launch builds on Archax's earlier work on tokenized investment products. In September, the company introduced Pool Tokens on Hedera, allowing multiple tokenized assets to be bundled into a single onchain instrument, including a product backed by money market funds from several major asset managers.
Graham Rodford, CEO and co-founder of Archax, said tokenization was "the first step," while real-time cash flows could allow tokenized assets to support yield streams and reduce market inefficiencies.
Archax is a UK-regulated digital asset exchange and custodian, while Hedera is a public distributed ledger network used by financial institutions developing tokenized asset products. According to Hedera, Archax's platform hosts more than $300 million in tokenized assets from six asset managers.
Yield-bearing tokenized assets gain tractionFinancial institutions are increasingly bringing yield-bearing assets onto blockchain networks, with tokenized money market funds becoming a growing segment of the real-world asset market.
In April, OKX added BlackRock's BUIDL tokenized Treasury fund to a collateral framework with Standard Chartered, allowing institutional clients to use the yield-bearing asset as trading margin while it remains in regulated custody.
Weeks later, JPMorgan filed to launch a tokenized money market fund on Ethereum designed for stablecoin issuers. The fund will invest in Treasury bills and overnight repurchase agreements, allowing issuers to earn yield on reserves backing their stablecoins.
The push comes as tokenized real-world assets continue to expand, bucking broader weakness in the crypto market. According to Binance Research, the value of active tokenized RWAs has increased 589% since early 2025, with tokenized bonds and money market funds adding roughly $6.5 billion in value over the period.
Growth in tokenized US Treasurys began climbing in early 2025. Source: RWA.xyz
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The crypto market is recovering, but not every coin is telling the same story. The Pi Network price is extending a painful downtrend with no clear floor in sight, while the Hedera price today is showing early signs of a bounce, though volume is too thin to call it a real reversal.
Both coins are part of a wider market trying to find its footing, and both come with meaningful risks for anyone watching the best crypto to buy right now. BlockDAG is approaching this moment differently. No recovery story needed, no chart to wait on, just a Legacy Sale at $0.00000044 and a Buyback Program locking in $0.05 per coin. While others are still figuring out where the bottom is, BlockDAG has already built the exit.
Pi Network Price: 6 Straight Weekly Losses With No Floor in Sight Table of Contents
Pi Network Price: 6 Straight Weekly Losses With No Floor in SightHedera Price Today Is Moving, But Is Anyone Behind It?BlockDAG: A $0.05 Buyback Value Is Gaining Investors’ Attention Final Thoughts The Pi Network price is hovering below $0.1300 and recording its sixth consecutive weekly loss of 12%. Trading volume has been declining alongside price, which is one of the more concerning signals a chart can show. When price falls and volume shrinks at the same time, it means demand is not stepping in to absorb the selling.
Technically, the Pi Network price is sitting below the 50, 100, and 200-day EMAs at $0.1549, $0.1676, and $0.2142, respectively. RSI is hovering around 30, just above oversold territory, and MACD remains deep in negative territory.
Immediate support sits at the $0.1184 low from Saturday, followed by the S2 Pivot at $0.1124. Among the best crypto to buy conversations happening right now, Pi Network is not generating the kind of momentum that makes a compelling case.
Hedera Price Today Is Moving, But Is Anyone Behind It? The Hedera price today sits at $0.08157, following a bounce off the key Fibonacci swing low support at $0.07687. That support level held, buyers stepped in, and the broader altcoin market gave HBAR a helpful tailwind.
The setup has real positives. Hedera was named a top altseason 2026 pick on June 6, with TOTAL2 breaking out of an 18-month accumulation range. Research linking HBAR to the proposed CLARITY Act and Kalshi’s filing for HBAR perpetual futures in the US adds genuine narrative weight.
But trading volume dropped more than 50%. A bounce without volume is a bounce without conviction. Resistance sits at $0.0850, then the $0.0920 to $0.0950 zone. Losing $0.07687 support reopens the path to $0.0720.
The Hedera price today is one of the more interesting setups among the best crypto to buy watchlists, but interesting and ready are two different things.
BlockDAG: A $0.05 Buyback Value Is Gaining Investors’ Attention Among the best crypto to buy options right now, most require a leap of faith. BlockDAG requires math. The Legacy Sale has BDAG priced at $0.00000044. The Buyback Program locks in a guaranteed exit at $0.05 per coin. That structure removes the single biggest risk in crypto buying in with no clear way out. While Pi Network is searching for a floor and Hedera is bouncing on thin volume, BlockDAG has already answered the question most buyers are asking.
For existing holders, BDAG Swap offers entry at 30% below the market price, with up to 250 million BDAG per wallet per day at $0.00025 per coin and uncapped daily sell limits.
Beyond the financials, the BlockDAG casino is a real demand engine. Every bet placed, every reward claimed, and every transaction processed inside it requires BDAG. That creates constant internal buying pressure that does not depend on market sentiment or outside speculation. Players come in, spend BDAG, earn BDAG, and cycle it back; everything stays within the ecosystem, keeping the token moving constantly.
What makes this work smoothly is the technology underneath it. BlockDAG’s network delivers fast transactions, low fees, and high scalability. Smart contracts handle games and rewards automatically, making every interaction instant and seamless.
In a market where Pi Network is losing ground weekly and Hedera is holding a fragile bounce, BlockDAG is running on structure. The Legacy Sale window is open but not indefinitely, and among the best crypto to buy opportunities in 2026, very few come with a guaranteed number already attached.
Final Thoughts The Pi Network price is in a persistent downtrend with declining volume and no clear catalyst to reverse it. The Hedera price today is showing early recovery signs, but thin participation keeps the outlook cautious. Both coins carry real uncertainty, and both require patience that may not be rewarded quickly this year.
BlockDAG does not ask for that patience. The Legacy Sale entry and the Buyback return are time-limited and already drawing serious attention. A growing casino ecosystem powered by fast, low-fee, scalable technology keeps BDAG in constant circulation, building demand from within rather than depending on the market.
For anyone filtering through the best crypto to buy in 2026, the gap between $0.00000044 and $0.05 is not a prediction. It is already on the table, and it will not stay there forever.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
