Validators process transactions and receive fees from users (supply-side fees).

Hedera is a decentralized enterprise-grade public network that uses proof-of-stake hashgraph consensus to offer low & fixed fees, 10k TPS, and instant transaction finality. Hedera was founded by Leemon Baird, Mance Harmon, etc. and launched in 2019.

HBAR holders own and govern the protocol. They currently take a cut of the total transaction and query fees paid by users (revenue). Hedera’s investors include BlockTower Capital, Continue Capital, Unanimous Capital, etc.

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Blockchains (L1)

Hedera

# Hedera Token holders Methodology

## 1. Overview

This metric calculates the total number of unique accounts holding HBAR tokens (Hedera's native cryptocurrency) at daily intervals. The metric tracks tokenholders over time to measure network adoption and distribution of the native asset. The calculation aggregates unique account holders from Hedera blockchain balance data and applies Token Terminal's standard metric formatting.

## 2. Data sources

- **Hedera native token balance data**: Daily snapshots of account balances for HBAR (Hedera's native token)
- **Hedera network state data**: Blockchain state information tracking account holdings
- **Account balance aggregations**: Pre-processed daily counts of unique accounts holding HBAR tokens

## 3. Step-by-step calculation

### Component A: Native tokenholders extraction
- **Purpose**: Extract daily tokenholder counts for HBAR from preprocessed balance data
- **Logic**: Retrieve pre-calculated counts of unique accounts holding HBAR tokens from daily balance snapshots. The data includes `timestamp`, `timestamp_grain`, `chain` identifier, and the `tokenholders` count
- **Key fields**: `tokenholders` count is cast to `bignumeric` type for numerical precision, `timestamp` for daily granularity, `chain` for network identification

### Final aggregation
- **Combining components**: The tokenholder data is processed through Token Terminal's standard metric finalization macro which adds metadata fields, ensures consistent formatting, and applies data quality validations
- **Currency conversion**: Not applicable - this is a count metric, not a value metric
- **Time aggregation**: Data is aggregated at daily boundaries based on the `timestamp_grain` field
- **Final calculation**: The final metric represents the total count of unique accounts holding any amount of HBAR tokens on each day, with chain availability filters applied to ensure data quality and completeness

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique addresses holding a non-zero balance of the project's native token.

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Token holders

Token holders

Competitive landscape