Bittime - One of the blockchain technologies that is currently trending, Hedera Hashgraph has returned to the surface because of its token utility and innovative projects. 

The technology in each project itself also offers superior speed, security and cost efficiency compared to traditional blockchain networks. 

What is Hedera Hashgraph?

Hedera Hashgraph is an alternative blockchain platform that offers better speed and security by adopting a decentralized acyclic graph (DAG) system as an alternative to traditional blockchain. 

With a unique consensus mechanism called hashgraph consensus, Hedera is able to process more than 10,000 transactions per second with low finality in just seconds. 

The platform offers APIs for various purposes, such as account creation, token printing, writing data to the ledger, and smart contract execution

Thanks to its technological advantages, Hedera has attracted the attention of large companies such as Boeing, Google, IBM, and LG, further expanding the platform's adoption to various industries.

With various applications, from supply chain management, digital identity, to the Internet of Things (IoT), Hedera Hashgraph offers great potential to disrupt various sectors. 

One of its significant contributions is creating a more reliable and sustainable passive income market, moving away from the unstable tokenomics model. 

In this article, we will take a deeper look at the world of DeFi on the Hedera network, covering 10 of the top projects in its ecosystem, and offering in-depth insight into the potential and value on offer.

Top 10 Hedera Hashgraph Projects

SaucerSwap: Decentralized Finance Hub

SaucerSwap is a decentralized exchange (DEX) platform that operates on the Hedera network. 

By utilizing automated market maker (AMM) protocols, SaucerSwap provides decentralized financial (DeFi) services such as token swaps, yield farming, and single-sided staking. 

The SaucerSwap platform also provides incentives to liquidity providers with prizes in the form of SAUCE tokens. Since launch, SaucerSwap has managed over $20 million in total value locked (TVL) and over $100 million in trading volume. 

SaucerSwap's future plans include developing features such as community pools, gamification, and social functions, which will expand the user experience in the DeFi ecosystem. 

2. Hashport: Enhanced Digital Interoperability

Hashport provides a public utility that enables the secure and efficient transfer of digital assets between networks. 

The platform uses Hedera Consensus Service (HCS) and Hedera Token Service (HTS) to validate transactions quickly and cost-effectively. 

With a total value locked of over $2 million and a transaction volume exceeding $100 million, Hashport is a powerful solution for digital asset interoperability.

Hashport's advantage lies in its ability to increase user trust through safe, fast and transparent transactions. In the future, Hashport plans to continue supporting the need for digital asset interoperability with increasingly sophisticated technologies.

3. Zuse Market: NFT Marketplace on the Hedera Network

Zuse Market is a Non-Fungible Tokens (NFT) platform designed to make NFTs simpler and accessible to everyone. With support from the HBAR Foundation, Zuse Market has achieved a transaction volume of more than 170 million HBAR. 

In addition, Zuse Market also offers NFT launch services, allowing creators to easily launch their digital works.

The strategic partnership with the HBAR Foundation allows Zuse Market to continue improving its technology infrastructure and user interface, making it one of the leading NFT marketplaces in the Hedera ecosystem.

4. HeliSwap: Community Friendly DeFi Solution

HeliSwap is a DEX that adopts the Uniswap v2 protocol and operates on the Hedera network. With a focus on an intuitive, secure, and transparent user experience, HeliSwap provides staking services, yield farming, and governance functions through their native token, HELI.

HeliSwap has over $2 million in TVL and offers yield return opportunities through token locking in their smart contracts. 

With a DAO-based governance system, HeliSwap continues to promote community participation to improve its ecosystem.

5. Stader Labs: Hassle-Free HBAR Staking

Stader Labs is a non-custodial staking platform designed to make it easier for users to earn HBAR staking rewards.

With a TVL of over $20 million, Stader allows users to earn rewards without having to maintain their own infrastructure. The HBAR staking platform also supports participation in other DeFi strategies while still earning staking rewards.

Stader's native token, SD, allows users to participate in governance aspects, including decision-making regarding rewards and protocol expansion. With support from the Hedera Foundation, Stader Labs continues to be a key player in the staking ecosystem on the Hedera network.

6. Hashgraph.Name: Name Service for Digital Identity

Hashgraph.Name is a naming service that allows users to associate human-readable names, such as ‘name.hbar’, with crypto addresses or other metadata. 

The system is similar to the Ethereum Name Service, but is built on the more efficient Hedera network.

By using smart contracts as a registrar, Hashgraph.Name gives domain owners the flexibility to organize subdomains according to their needs. 

Service Hashgraph.Name provides a simple and effective solution for digital identity management in the Web3 ecosystem.

7. Calaxy: Transforming the Creator Economy

Built by NBA players Spencer Dinwiddie and Solo Ceesay, Calaxy is a Web3-based social marketplace that allows creators to monetize relationships with their communities through creator tokens. 

The platform attracts a variety of professional athletes and other creators who are looking for new ways to interact with their fans.

Calaxy has raised $26 million in strategic funding and continues to grow as a bridge between the crypto world and the mainstream audience. With a feature that allows purchasing tokens using fiat, Calaxy opens up wider access to Web3 technology.

8. HeadStarter: Supporting the Growth of New Projects

HeadStarter is a crowdfunding platform designed to support early stage projects in the Hedera network. 

By leveraging DeFi standards and smart contracts, HeadStarter helps new projects get the support, resources, and promotion they need to succeed.

Through an initial decentralized offerings (IDO) approach, HeadStarter provides fair and decentralized funding opportunities for high-quality dApps projects that bring innovation to the Hedera ecosystem.

9. Bitcarbon: Diamond Tokenization

Bitcarbon is a project that revolutionized the diamond market with tokenization, allowing diamond investments to be more transparent and easily tradable. 

With support from Diamond Standard, Bitcarbon offers a token backed by physical diamonds, providing a stable alternative to traditional stablecoins.

10. Dovu: Towards Net Zero with Blockchain Technology

Dovu leverages Hedera to digitize and trade carbon transparently. With the cDOV token, Dovu enables passive carbon offsets for individuals, while maintaining transparency and fairness in token distribution.

Conclusion

Projects in the Hedera Hashgraph ecosystem demonstrate how blockchain technology can be used to create innovative, efficient and user-friendly solutions. With various developments and strategic partnerships, Hedera continues to be a pioneer in bringing the real benefits of distributed ledger technology to the real world.

The Hedera Hashgraph project offers an innovative and diverse ecosystem, from DeFi platforms such as SaucerSwap and HeliSwap, to eco-friendly solutions such as Dovu.

With high transaction speeds, low fees, and advanced security, Hedera Hashgraph is the foundation for various projects that contribute to the future development of blockchain technology. 

Every project in this ecosystem shows real potential to transform the digital landscape through inclusive and efficient technology. The future of this ecosystem looks bright, with great potential to create a positive impact in various global industries.

FAQ

What is HBAR?

HBAR is the native utility token of the Hedera Hashgraph network. These tokens are used to pay transaction fees, participate in consensus, and support various applications built on the Hedera platform. 

HBAR also allows users to conduct low-cost and fast transactions, and is used in services such as smart contracts and tokenization.

Is Hedera Safe?

Hedera Hashgraph claims to have a high level of security thanks to the use of a consensus algorithm called asynchronous Byzantine Fault Tolerance (aBFT). 

This system is designed to ensure that the network remains secure even if malicious actors try to attack. 

With aBFT, Hedera can achieve consensus with high reliability, so that transactions can be processed with 100% certainty. 

Additionally, the decentralized network structure and management by a Governing Board consisting of leading companies also add layers of security.

Who is Behind HBAR?

HBAR is developed and maintained by Hedera Hashgraph, founded by Leemon Baird and Mance Harmon. Leemon Baird is the creator of the Hashgraph algorithm, while Mance Harmon serves as CEO. 

Additionally, Hedera is managed by a Governing Board consisting of 39 leading organizations across various industries, including Google, Boeing, LG, and IBM, which provides support and credibility for the Hedera network.

Referensi
 

Flagship, Top 10 Best Hedera Hashgraph Projects, Accessed on 5 December 2024
Hedera Offciail Website, Accessed on 5 December 2024

 Author: FKey