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: $0.09736 (+0.8%)
Market cap: $4.21B (+1.29%)
Total value locked (TVL): $62.1M (+6.4%)
Transactions per second: 5.51 tx/s (+17.2%)
The percentages and metrics are calculated from its change over a 14-day time frame, unless noted otherwise.
Hedera Highlights
#️⃣ What’s happening: Wyoming’s Frontier Stable Token (FRNT), the first stablecoin issued by a U.S. state, is live on the Hedera network.
#️⃣ Why it matters: Unlike USDT or USDC, which are issued by private companies, FRNT is issued by a state commission and backed by traditional reserves, opening the door for government entities to use onchain applications.
This approach allows the token to be used as a programmable digital asset for payments, as well as settlement, while maintaining the transparency and reserve backing expected from a public-sector issuer.
Hedera’s EVM-compatible infrastructure allows the token to interact across multiple networks, since FRNT is deployed on multiple blockchains.
#️⃣ The bigger picture: The launch of FRNT on Hedera reflects two broader trends: Wyoming’s role in crypto policy experimentation, and the expanding role of stablecoins in blockchain ecosystems.
Wyoming has positioned itself as a crypto-forward jurisdiction in the United States. The state in 2023 passed legislation that enabled companies to set up digital asset custody banks, and within the same year, established the Wyoming Stable Token Commission to develop a state-backed stablecoin.
FRNT is an extension of this strategy, which explores how blockchain-based payment assets can be issued and managed within existing regulatory frameworks.
As governments and financial institutions experiment with stablecoins, projects like FRNT could provide insight into how public-sector digital money might coexist with privately issued stablecoins across multiple blockchain networks.
Unpacking the hash
Hedera is deprecating its local node developer tool and replacing it with Solo, allowing developers to test applications locally in an environment that reflects Hedera’s live network
McLaren has launched its digital collectibles platform on Hedera
Hederea launched a Community Builders NFT program, that gives holders access to gated discussion channels and rewards
HashSphere was selected as the infrastructure for Project Acacia, a research initiative led by the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre
Ecosystem players
Kim Schneider, digital asset lead at Deloitte, talked about stablecoins and what is driving the regulatory shift around distributed ledgers
Dale Chrystie, business fellow and blockchain strategist at FedEx, explained why the company chose to join the Hedera Council
Two Hedera ecosystem tokens, HashPack Wallet’s PACK token and Dovu’s DOVU token, were listed on Kraken
SaucerSwap launched the third version of its Hedera-powered central limit order book that will include intent-based settlement and unified liquidity pools
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, featuring 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.