Welcome to the Hedera Overview, providing a suite of updates for Hedera enthusiasts, users, developers and curious-minded web3 users about all that’s happening in the ecosystem.
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The Ecosystem Insights
HBAR token price: $0.10 (-14.5%)
Market cap: $4.26B (-14.1%)
Total value locked (TVL): $59.1M (-10.4%)
Transactions per second: 9.46 tx/s (+43.1%)
The percentages and metrics are calculated from its change over a 14-day time frame, unless noted otherwise.
Hedera Highlights
Diving deeper into some of the biggest updates from Hedera.
#️⃣ What’s happening: Hedera is partnering with McLaren Racing to create licensed digital collectibles themed around the racing company’s Formula 1 and IndyCar teams.
#️⃣ Why it matters: The digital collectibles program, built on Hedera, will feature free assets that plan to be released during F1 Grand Prix weekends, as well as IndyCar collectibles for the 2026 season. The companies said the program will include access to “unique experiences, prizes, and incentives” designed to deepen fan interaction.
The partnership is a practical example of a distributed ledger being used to connect physical events with digital goods. It’s also a good opportunity for Hedera to demonstrate its capabilities for handling transactions and digital asset management at large, in a consumer-facing capacity.
#️⃣ The bigger picture: The McLaren partnership builds on Hedera’s broader strategy of enabling real-world activations using distributed ledger technology. The network’s efforts so far span industries like sustainability, supply chain, and payments, and now include sports and entertainment.
However, this isn’t F1’s first foray into crypto. In 2021, Crypto.com and F1 struck a partnership that included branding on the race track. Throughout the duration of the partnership, F1 grew its cumulative audience to 1.5 billion viewers and increased its social media following to more than 96 million. As for Crypto.com, it grew to more than 100 million users, from 10 million.
In addition, Crypto.com partnered with Aston Martin’s F1 team to release an NFT collection that saw $20,000 in mints.
Hedera’s McLaren partnership offers a comparable opportunity, but with a focus on network infrastructure rather than transactional integrations. By creating a digital collectible and fan experience, Hedera can demonstrate practicality for verifiable ownership and onchain interactions, and has a good opportunity to gain exposure to F1’s global audience.
Unpacking the hash
Active developers on Hedera have increased by 12.1% to 148 over the past 30 days
Hedera executives at Davos 2026 spoke on panels with industry leaders and policy makers about where digital assets, AI, and crypto market infrastructures stand globally for financial stability
The Hedera Council has roped in Halborn as a strategic partner, and also brought on board HashPack (Hedera’s most-used non-custodial wallet), Hashgraph Online (a Hedera-focused DAO), and Genfinity (a crypto news outlet covering the ecosystem) as Community Partners
Hedera’s new HIIP-1215 update lets smart contracts schedule their own future executions at the protocol level, making systems less reliant on external triggers
Ecosystem players
Hedera developers Ed Marquez, Michiel Mulders and Keith Kowal, spoke about the HIIP-1195 update, and how hooks let businesses customize blockchain logic
Bonzo launched Vaults, an automated liquidity strategy designed to reduce complexity and auto-compound yield
Archax’s CEO Graham Rodford spoke about how tokenization makes money more accessible, and why enterprises are using distributed ledgers like Hedera
Get involved with the community
Find the latest job postings at Hedera ecosystem projects
Register for HederaCon, scheduled for May 4, 2026 in Miami, Florida
Participate in Hedera’s $250K Hello Future Apex Hackathon, which features DeFi, AI agents and sustainability tracks
Until next time!
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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.