Southeast Asia web3 gaming expands with Hedera and The Binary Holdings collaboration
Hedera Overview - June 23, 2025
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.
New here? Subscribe here to get updates to your inbox. Every other Friday.
Ecosystem insights
HBAR token price: $0.15 (-13.6%)
Market cap: $6.13B (-13.55%)
Total value locked (TVL): $74.92M (-8.75%)
Total staked: 15.26B (-0.59%)
Transactions per second: 6.36 tx/s (+4.94%)
Percentages and metrics are calculated from its change over a 14-day time frame, unless noted otherwise.
Hedera Highlights
A deeper dive into some of the biggest updates from Hedera.
#️⃣ What’s happening: The Binary Holdings, a web3 infrastructure provider for the telecommunication sector, announced its strategic collaboration with the Hedera Foundation to expand web3 gaming on the network.
#️⃣ Why it matters: The company plans to integrate Hedera’s dApps into its telecommunications business across Southeast Asia. Hedera projects such as “MetaverseME” and SMACKM’s mobile game “Smack Mosquito” will be embedded into OneWave.
OneWave is a decentralized app store within the native mobile apps of telecom companies in Indonesia, the Philippines, with plans to expand to other Southeast Asian markets. This partnership allows Hedera to tap into OneWave’s user base of over 169 million, expanding its reach and fostering more user adoption in a rapidly growing mobile gaming region.
Since user interactions with these dApps will be recorded on the Hedera network, it allows campaigns like loyalty programs to take place. Loyalty rewards typically encourage user retention and engagement, potentially resulting in increased transaction volume on Hedera.
The collaboration between the Hedera Foundation and The Binary Holdings can position the Hedera network as a gaming hub for Southeast Asia, with the region being a large market for the gaming sector. In particular, Southeast Asia’s web3 gaming is large due to its high mobile gaming population and cultural appreciation for digital innovation and gaming.
Southeast Asia’s gaming market is dominated by mobile users, as its ranking as the second largest market for mobile game downloads, with its digital economy projected to reach a market volume of $5.63 billion by 2030. The integration of Hedera’s dApps into telecom ecosystems further extends this trend, as it enables direct access to millions of users. In turn, it aims to accelerate adoption of web3 mobile gaming, facilitated on the backend by the Hedera network.
#️⃣ The bigger picture: This partnership reflects broader trends in Southeast Asia’s telecom sector, which is emerging as a digital-first region. Expanding 5G networks, rising internet usage and increased investment in digital infrastructure are cementing the region as adapting to new technology trends.
Telecom operators in the region are integrating technologies such as AI and cloud computing to enhance user experiences and support new services. As Southeast Asia’s digital economy and mobile user base continue to grow, embedding web3 games and Hedera technology within telecom applications aligns with this trend.
Unpacking the hash
AUDD, a stablecoin backed 1:1 by Australia’s currency, launched on the Hedera network
Moonscape deployed an upgrade to its AI Agent communication platform for agents to schedule Hedera transactions within its interface
HashPack Wallet launched Hashgraph.vote, an onchain voting system designed to engage its community and act as a feedback outlet
Hedera Foundation collaborated with Accenture and EQTY Lab to create verifiable AI governance solutions using the Hedera network
Ecosystem players
Highlighting the companies, communities and users tied to Hedera ecosystem
Watch an X livestream about the cross-chain user experience between the Hedera network, XRPL, XDAC and Constellation network
Hedera hosted a panel with HashPack CEO May Chan and DOVU Founder Irfon Watkins about tokenized RWAs its convergence with AI, as well as DOVU’s $1.1B soil-carbon asset initiative
SentX recorded $20.45K of incoming volume in the last seven days for its Hedera NFT marketplace, DappRadar data shows
The Hedera x AI Hackathon concluded on June 12. See the winners and their pitch demos here
Get involved with the community
Want to dive into the ecosystem full-time? Find the latest job postings here or get involved at an event below.
Learn about developer tools on the Hedera network in an X livestream by Generation Infinity
Watch this video tutorial about Hardhats and how to enable the framework for smart contract development workflows and testing purposes
To get this newsletter delivered to your inbox, subscribe here.
This product was built by Token Relations.
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.