Hedera (HBAR)
Hashgraph consensus L1. Enterprise governance council (Google, IBM, Boeing).
Ranked 89th of 251 rated tokens. Scoring pass 11 Jun 2026.
What the numbers say
HBAR scores 112 of 250 across the 25-variable framework, which places it 89th of 251 rated tokens and inside the upper half of the set. The framework verdict is WATCH.
The score rests on Institutional Adoption 7/10, 17th of 251, Exchange Depth 6/10, 37th of 251, Active Users 5/10, 38th of 251 and Insider Selling 5/10, 42nd of 251.
Against the same universe, HBAR sits in the bottom third on P/S Multiple 3/10, 182nd of 251 and Vesting Schedule 4/10, 181st of 251. These are the variables that would have to move for the verdict to change.
87.6% of eventual supply is already circulating, so vesting is not a live risk for HBAR. Price has to be justified by demand rather than absorbed against a cliff.
HBAR trades 87.9% below its all-time high of $0.5692. Recovering that level is a 8.3x move, not a 87.9% one, which is the arithmetic most drawdown charts hide.
The framework score gained 112 points against the previous pass (0 to 112). Revisions of this size follow a change in the underlying variables, not a change in price.
25-variable breakdown
Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.
Cash flow
| Protocol Revenue | 3 | 98th of 251 | |
| Revenue Trend | 4 | 71st of 251 | |
| P/S Multiple | 3 | 182nd of 251 | |
| Real Staking Yield | 4 | 82nd of 251 |
Supply
| Supply Inflation | 4 | 146th of 251 | |
| Vesting Schedule | 4 | 181st of 251 | |
| Circulating / FDV Ratio | 5 | 135th of 251 | |
| Buyback and Burn | 2 | 114th of 251 |
Ownership
| Smart Money Flows | 5 | 48th of 251 | |
| Insider Selling | 5 | 42nd of 251 | |
| Holder Concentration | 4 | 58th of 251 |
Traction
| TVL Trend | 4 | 65th of 251 | |
| Active Users | 5 | 38th of 251 | |
| Developer Activity | 5 | 83rd of 251 | |
| Network Growth | 5 | 52nd of 251 |
Position
| Market Share | 3 | 131st of 251 | |
| Competitive Moat | 5 | 57th of 251 | |
| Institutional Adoption | 7 | 17th of 251 | |
| Exchange Depth | 6 | 37th of 251 | |
| Social Mindshare | 4 | 86th of 251 |
Risk
| Regulatory Safety | 6 | 52nd of 251 | |
| Catalyst Calendar | 5 | 50th of 251 | |
| BTC Alpha Potential | 4 | 45th of 251 | |
| Team Execution | 5 | 74th of 251 | |
| Treasury Runway | 5 | 74th of 251 |
The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.
Catalyst and risk
Next catalyst
Hedera Council enterprise adoption (Google, IBM); smart contract 2.0 upgrade
Principal risk
Centralized governance criticism; low DeFi TVL vs. Solana/Ethereum
Market and supply
| Price | $0.0691 |
| Market cap | $3.03Brank 29 |
| All-time high | $0.569215 Sept 2021 |
| Circulating supply | 43,791,096,243 |
| Eventual supply (max supply) | 50,000,000,000 |
| Dilution to full supply | 1.14x |
| Listed on | Binance, Coinbase, Kraken |
Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.
Tokens with a similar profile
These are the closest matches to HBAR measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.
Common questions
- What is the Early Thunder score for Hedera (HBAR)?
- HBAR scores 112 out of 250 on the 25-variable framework, ranking 89th of 251 rated tokens (upper half). The framework verdict is WATCH.
- What are HBAR's strongest fundamentals?
- HBAR ranks highest on Institutional Adoption 7/10, 17th of 251, Exchange Depth 6/10, 37th of 251, Active Users 5/10, 38th of 251 and Insider Selling 5/10, 42nd of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- What are the weakest parts of the HBAR thesis?
- HBAR scores in the bottom third of the universe on P/S Multiple 3/10, 182nd of 251 and Vesting Schedule 4/10, 181st of 251. The single risk carried on the scorecard is: Centralized governance criticism; low DeFi TVL vs. Solana/Ethereum
- How much HBAR supply is still to enter circulation?
- 87.6% of eventual HBAR supply is circulating today, leaving 1.14x the current float still to arrive. At a flat price per token that is 12.4% of fully diluted value ahead of current holders.
- How far is HBAR from its all-time high?
- HBAR trades 87.9% below its all-time high of $0.5692. Returning to that high requires a 8.3x move from the level used in this scoring pass.
- Which tokens have a similar profile to HBAR?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to HBAR are AVAX (138), ALGO (97), PRIME (119) and CFX (98). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What is the next catalyst for HBAR?
- Hedera Council enterprise adoption (Google, IBM); smart contract 2.0 upgrade
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.