$HBAR

HBAR is the native token of the Hedera Hashgraph blockchain, primarily used to secure the network against malicious actions and to pay for application transaction fees. Hedera is a proof-of-stake (PoS) smart contract platform designed for cryptocurrency transactions and decentralized applications (DApps), known for its energy efficiency (negative carbon), speed, and enhanced network security, largely due to its underlying hashgraph consensus algorithm.

The market performance of HBAR has recently been quite active; according to the latest information, the price of HBAR surpassed $0.07 on November 13, 2024, currently reported at $0.07245, with a 24-hour increase of 30.3%. Additionally, Canary has submitted an application for an HBAR ETF, which will track the native assets of the Hedera Network, potentially having a positive impact on HBAR's market performance.

The Hedera network also recently announced a five-year cooperation agreement worth $250 million with the Saudi Arabian Ministry of Investment, further enhancing the market attractiveness of HBAR. The total value locked (TVL) in Hedera's DeFi ecosystem has reached new highs, indicating a growing user base and fundamentals driving token valuation.