🚀 Is Hedera Still Active?

🔹 Price Trends
🔹 Transaction Metrics (Volume, TPS, etc.)
🔹 Transaction Success and Failures
🔹 Network Growth
🔹 Gas Economics

Here are some key takeaways:

📉 $HBAR Price Trends:
- Current Price: $0.068
- Peak Price in March 2024: $0.15

📈 Transaction Volume and TPS:
- April 2024: 15.6M transactions, 180.53 TPS
- May 2024: 164M transactions, 1897.45 TPS
- June 2024: 114M transactions, 1321.01 TPS

👥 Unique Users and Activity:
- April 2024: 346,247 unique payer accounts
- May 2024: 127,421 unique payer accounts
- June 2024: 109,517 unique payer accounts

💰 Economic and Fee Metrics:
- May 2024: Average Transaction Fee: 0.00105745 $HBAR
- June 2024: Average Transaction Fee: 0.00130157 $HBAR
- July 2024: Average Transaction Fee: 0.00160234 $HBAR

🚧 Transaction Failures:
- 377 instances of "INSUFFICIENT_GAS" since January 2024

🔧 Transaction Success and Errors:
- 75,774 successful transactions in 2024
- Common Error Codes: REVERTED_SUCCESS, DUPLICATE_TRANSACTION, CONTRACT_REVERT_EXECUTED

Future Outlook:
Hedera shows robust network activity and scalability, with a strong user base and substantial transaction volume. While there is room for improvement in transaction handling, Hedera's future looks promising as it continues to evolve and grow.

Read the full analysis to understand Hedera's performance and prospects in 2024: [Link to Blog]

#Hedera #Blockchain #Crypto #$HBAR #Bitquery #Cryptocurrency #NetworkMetrics #GasEconomics #TPS #CryptoAnalysis