Hedera

Hedera HBAR

Status: ListedInfrastructure
Token GradeAA
Overall Score: 47.8 /100Rank: 14 of 172
Disclosures AA7.36 /10
Performance AA6.50 /10

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Disclosures overview

Core Contributors

Legal & Financial

Tokenomics

Service Providers

Performance overview: market quality

Total Volume (as % of Market Cap)

Market Cap (USD)

Trade Volume (USD)

Trade Volume (prev. 30d avg)$270,154,531
Market Cap (prev. 30d avg)$3,992,877,631
Trade Volume / Market Cap3.22%
GradeAAScore6.00Percentile19.88%

Depth +/- 2% (as a % of Market Cap)

Depth +/- 2% (USD) | Market Cap (USD)

Depth +/- 2% (prev. 30d avg)$131,776,537
Market Cap (prev. 30d avg)$3,992,877,631
Depth / Market Cap3.98%
GradeAAAScore10.00Percentile100.00%

Bid / Ask Spread (volume weighted spreads)

Bid / Ask Spread (%)

Exchange with Tightest SpreadsBinance
Volume Weighted Bid / Ask Spread (prev. 30 days)0.2294%
GradeAAScore6.00Percentile69.01%

Price Performance

30D Change: -19.71%

Price (USD)

Count Green Candles11
Count Red Candles19
Candle "Win Rate"36.67%
GradeBBScore4.00Percentile42.60%

Open Interest (as a % of Market Cap)

Top Venues by OI (prev. 30d avg)

Binance$39,606,853
Mexc$35,785,065
Bitmart$31,581,540
Total (All Exchanges)$260,724,892
Open Interest / Market Cap5.58%
GradeAAScore6.00Percentile25.95%

Funding Rate

Funding Rate (%)

Open Interest-Weighted Funding Rate+0.0088%, longs pay shorts
GradeAAScore7.00Percentile84.71%

Performance overview: liquidity providers

Data not disclosed

Market Maker Volume (as a % of total volume)

N/A
GradeCCC
Score0.00
Percentile0.00%

Market Maker Depth (as a % of total depth)

N/A
GradeCCC
Score0.00
Percentile0.00%

Market Maker Uptime / KPI Adherence

N/A
GradeCCC
Score0.00
Percentile0.00%

Performance overview: liquidity footprint

Top-Tier Exchange Coverage

4 out of 4 (100%)BinanceOKXCoinbaseUpbit
GradeAAAScore10.00Percentile100.00%

Total Volume (CEX vs DEX)

Volume (USD)

CEX Volume (avg)$166,341,084
DEX Volume (avg)$41,407
CEX Volume share99.90%
GradeAScore5.00Percentile71.35%

Total +/- 2% Depth (CEX vs DEX)

+/- 2% Depth (USD)

CEX Depth (avg)$105,643,766
DEX Depth (avg)$1,379
CEX Depth share100.00%
GradeAScore5.00Percentile57.31%

Total Volume (Spot vs Perps)

Volume (USD)

Spot Volume (avg)$166,382,490
Perps Volume (avg)$166,265,922
Spot Volume share32.92%
GradeAAAScore9.00Percentile81.29%

Total +/- 2% Depth (Spot vs Perps)

+/- 2% Depth (USD)

Spot Depth (avg)$105,645,145
Perps Depth (avg)$35,997,149
Spot Depth share74.18%
GradeAAAScore10.00Percentile100.00%

Performance overview: tokenomics

Disclosed token vesting vs actual vesting

Disclosed TGE DateN/A
Disclosed Duration51 months
Disclosed Total Groups5
Disclosed Max. SupplyN/A

Disclosed Maximum Token Supply (%) | Months Since TGE

Commentary versus actual token vesting

The original terms are fully recoverable for all nine rounds — TGE unlock percentage, cliff length and vest duration for each — and they show a deliberately staggered design with cliffs from zero to 36 months and vests from zero to 48. Eight rounds have since completed and one remains open at roughly 83%, so the schedule is verifiable both in structure and in outcome. Two limitations: every vest is non-linear, so the within-window release rate cannot be reconstructed from the published duration, and the terms come from a third-party reconstruction carrying its own accuracy caveat rather than from a Hedera page setting out the original schedule. Publishing the original per-round terms first-party, alongside the existing release reporting, would remove that dependency.

GradeCCCScore0.00Percentile0.00%

Market Cap vs FDV (ratio)

0.89:1
GradeAAA
Score10.00
Percentile100.00%

Fully Diluted Valuation (FDV) (USD)

$3,797,642,695
GradeAAA
Score10.00
Percentile100.00%
Data as of 2026-10-27Scoring config v4Rated 172 of 173 projects

UTR scores evaluate disclosure quality and token market structure. The score is informational and should not be interpreted as an assessment of expected returns or as an investment recommendation.