Welcome to the Hedera Overview. We’re providing 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 announced the launch of AI Studio, an open-source, modular toolkit designed to facilitate the creation of trusted AI applications on the network.
#️⃣ Why it matters: The AI Studio was developed in collaboration with Hashgraph Online, Eliza Labs, Hashgraph, and The Hedera Foundation to address the challenges of trust in AI by leveraging Hedera’s blockchain infrastructure.
The release of AI Studio can enable developers to build AI agents with features like task automation, AI-driven token creation and transparent inter-agent communication. This also includes verifiable, immutable data which means it’s less exposed to biasness.
“Data without trust is just noise,” Ty Smith, senior product manager at Hashgraph, stated in the blog post. “Reliable AI begins with verifiable data.”
The launch of Hedera’s AI Studio can bring new simplified AI development to the market, and with a focus on trust. Thus, attracting a diverse range of developers looking to build compliant and transparent AI solutions for web2 and web3 apps alike.
#️⃣ The bigger picture: The release of Hedera’s AI Studio aligns with a broader wave of AI integrations where platforms are increasingly embedding AI to enhance functionality and user experience.
Hedera’s AI Studio looks to stand out by addressing the trust gap, which is a critical concern from users as AI systems handle sensitive data and decisions. Unlike traditional web2’s models which often lack transparency, AI Studio combines Hedera’s enterprise-grade infrastructure with AI’s potential to create more autonomy.
This synergy aims to support the growing demand for ethical and accountable AI, enabling applications like digital identity and decentralized finance to thrive in a trust-driven digital economy.
Learn about the Hedera Contract Builder, a tool for developers on the network to deploy contracts faster using built-in templates, amongst other resources
Hedera Foundation announced it will support Gib.plz, an AI assistant on the network designed to help educate new users about crypto-native features
The network recorded $17.7M in DEX volume on May 13, a monthly high according to DefiLlama data
Validation Cloud launched Mavrik-1, an AI engine on the Hedera network designed to enabling users and developers to interact with DeFi through natural language queries
Bonzo Finance hit an all-time high in TVL on May 14 at $37.6M (shown below)
Source: DefiLlama
Highlighting the companies, communities and users tied to Hedera ecosystem
Watch the Hedera x AI hackathon demo day 1 and day 2 to learn about projects on the network as they compete for a $30K prize pool
BitGo integrated Hedera tokens from the protocols SaucerSwap, HashPack Wallet, DOVU, TuneFM and Karate Combat, amongst others
Developer or creator? Watch this livestream to learn about different tools Hedera has to offer such as its Asset Tokenization Studio and EVM-compatibility
Hear what Hashgraph CEO Eric Piscini had to say about scalable, compliant solutions that businesses can integrate
Want to dive into the ecosystem full-time? Find the latest job postings here or get involved at an event below.
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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.