Hedera Hashgraph (HBAR): D-Score 42/100 — Moderately Decentralized BlockIndex D-Score: 42/100 (Moderately Decentralized). Hedera Hashgraph (HBAR) is a Layer 1 cryptocurrency using BFT consensus. Hedera Hashgraph: Enterprise-focused public ledger providing fast, low-cost ABFT consensus, tokenization and developer services. Source: https://blockindex.ai/coin/hbar · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 42: Node distribution: 3: Initial distribution: 0: Governance: 21: Age and history: 13: Autonomy: 5: Key facts - Layer: Layer 1 - Consensus: BFT (Other) - Launch: SAFT Private Sale (2018) - Founder: N/A - VC funded: No - Max supply: 50,000,000,000 - Circulating: 43,473,263,316 (86.9%) Market data (as of 2026-06-19) - Price: $0.08 - Market cap: $3.45B - 24h volume: $64.78M - 24h change: -0.35% · 7d change: -0.33% About Hedera Hashgraph is a public distributed ledger platform designed for enterprise-grade use cases, prioritizing fast finality, low-cost transactions, and strong cryptographic security. The project traces its public funding to an ICO in August 2018 and transitioned to open access on its public mainnet in September 2019. From its inception Hedera set out to provide a commercially practical alternative to traditional blockchains by offering a suite of services — the Hedera Consensus Service (HCS), Hedera Token Service (HTS), smart contract capabilities, and decentralized file storage — while governance and enterprise alignment have been pursued through the Governing Council model. The founding architecture and early funding established an initial token distribution and organizational framework that enabled early ecosystem growth and subsequent exchange listings. Technically, Hedera departs from proof-of-work and classical proof-of-stake designs by employing the Hashgraph consensus algorithm, an aBFT-style approach that emphasizes asynchronous Byzantine Fault Tolerance and high throughput. The network provides Solidity-compatible smart contract support and dedicated tokenization via HTS, alongside services optimized for enterprise integration such as consensus ordering (HCS) and file storage. Hedera’s design aims to deliver predictable transaction costs and rapid finality, enabling use cases that require deterministic confirmation times and low latency. The code and SDK ecosystem spans multiple languages and development toolkits, and core repos and developer tools are available in public channels, though specific repository versions were not enumerated in the supplied summary. Hedera’s ecosystem targets a range of real-world and enterprise applications including tokenization of assets, micropayments, identity and credentialing systems, supply chain telemetry, and decentralized finance primitives adapted to the platform’s capabilities. The network’s Hedera Token Service facilitates issuance and management of fungible and non-fungible tokens, while consensus services can be used to sequence events in hybrid on-chain/off-chain workflows. Institutional adoption is supported through the Governing Council participation model and documented partnerships; one notable enterprise-oriented initiative in the extracted dataset is a 2025 collaboration centered on digitalizing carbon-standard methodologies with Verra, intended to drive real-world asset use-cases and enterprise engagement. Tokenomics for HBAR revolve around a fixed maximum supply (50,000,000,000 HBAR), with circulating supply snapshots in the dataset indicating approximately 42.47 billion HBAR in circulation as of a 2021 snapshot (~84.95% of max supply). The project was initially funded via an ICO rather than a purely fair launch; explicit premine or pre-issue percentages were not provided in the extracted data. Native staking functionality was introduced in 2023 to enable holders to earn rewards without a minimum stake or time lock, broadening on-chain participation options. Economic policy and issuance are externally managed through the Hedera governance framework and distribution schedules published by the project; exact staking rates and inflation/issuance schedules were not present in the supplied summary. Governance is organized around the Hedera Governing Council, a council-based model where a diverse set of organizations participates in strategic decisions rather than a token-governed DAO. The extracted dataset did not include a named CEO or an explicit statement of on-chain token voting; the governance model therefore maps to a council-based, off-chain governance structure with operational participation from major industry entities. Development activity has evolved from ICO and core network deployment (2018–2019) toward feature rollouts such as staking in 2023 and enterprise integrations thereafter. The platform’s roadmap as reflected in the supplied materials emphasizes continued enterprise adoption, tokenization capabilities, and integrations with standards and marketplaces for real-world assets. Links - Website: https://hedera.com/ - Whitepaper: N/A - GitHub: https://github.com/hashgraph --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore