Welcome to the Hedera Overview. We provide biweekly content for Hedera enthusiasts, users, developers and curious-minded web3 users so they can stay up to date on the ecosystem.
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The percentages and metrics are calculated from its change over a 14-day time frame, unless noted otherwise.
Diving deeper into some of the biggest updates from Hedera.
#️⃣ What’s happening: Hedera’s dApp user activity grew during the week, led by an increase of 42% in volume.
#️⃣ Why it matters: Hedera’s dApp volume rose to $253.5 million over the past seven days. This growth was arguably fueled by Dead Pixel’s NFT collection on Hedera, which saw more than $405,000 in 24-hour volume on August 22. According to the data, this would rank it 4th among all NFT projects in this category. Since Hedera NFTs are traded on SentX’s platform, this surge in volume contributed to overall network growth because it’s built on top of the chain.
Meanwhile, the network saw a 13% increase in unique active wallets (UAW) to 6,000 and total dApp transactions up 22% to 176,960, during the same time frame
This growth spans across multiple web3 categories as Hedera dApps in DeFi, gaming and NFT all saw an increase in user activity. SaucerSwap, a decentralized exchange on Hedera, had a slight increase of 2% in UAW on the week to 4.21K. Meanwhile, CoinFantasy saw a 93% surge to 894 UAW within the same time frame for its web3 gaming and yield-focused platform. In addition, SentX saw a 35% increase to 490 in UAW over the week. While these numbers are smaller and aren’t all-time highs, they still are pointing to growth momentum and traction on the chain.
#️⃣ The bigger picture: Hedera’s increase in user activity metrics reflect a vibrant community that fosters liquidity and reach, potentially drawing in builders to create more dApps and tools.
Sustained dApp activity on Hedera can signal product-market fit across NFTs, DeFi and gaming, reducing reliance on a single use case. This engagement growth can incentive developers, creating network effects that compound long-term value rather than short-term speculation. In turn, it creates a dynamic cycle where pioneering applications attract diverse users and builders, cementing Hedera’s place as a leading platform for the next generation of decentralized technologies.
Highlighting the companies, communities and users tied to Hedera ecosystem
Saucer Swap TVL rose nearly 19% on the week to $82.16M, with cumulative DEX volume reaching $6.8B
Hashgraph Developer Advocate Nadine Loepfe went on GM podcast to talk about Hedera’s features for launching applications and her ecosystem experiences
Learn about Hashgraph’s gaming ecosystem in an X livestream with DinoPack, Smackm and Claymates and how the network’s infrastructure is abstracting crypto away to make user onboarding easier
Want to dive into the ecosystem full-time? Find the latest job postings here or get involved at an event below.
Register for the Hedera Africa Hackathon to compete for a $1M prize pool
Hear from Hedera Foundation Director of Ecosystem Growth Ashe Oro and Bonzo Finance Co-Founder Brady Gentile in an X livestream on Sept. 3 about the network’s DeFi ecosystem
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.