Hedera Testnet Upgrade to v0.62.6

JUN

13

Event date

Friday 13 June 2025, UTC

Event description

Hedera, a decentralized public network powered by the hashgraph consensus algorithm, will upgrade its testnet to v0.62.6 on June 3, 2025, at 17:00 UTC. This 40-minute upgrade will temporarily disrupt testnet services, allowing developers to test new functionalities in a controlled environment before mainnet deployment. The upgrade aims to enhance transaction efficiency, smart contract capabilities, and developer tools, aligning with Hedera’s mission to provide a scalable, enterprise-grade platform for decentralized applications (dApps). This testnet release is a critical step toward ensuring stability and performance for future mainnet updates, reinforcing Hedera’s position as a leader in distributed ledger technology (DLT).

Recent News

Hedera has been making waves in 2025! In May, the mainnet successfully upgraded to v0.61.10, improving transaction throughput and network stability. The Hedera Governing Council, comprising global giants like Deutsche Telekom and IBM, transferred the hashgraph source code to the Linux Foundation’s Hiero project in September 2024, making it open-source under the Apache License. This move has boosted developer accessibility and community trust. Additionally, Hedera’s partnerships with enterprises like Avery Dennison and ServiceNow highlight its growing adoption in real-world use cases, from supply chain tracking to tokenized asset management.

Future Plans

Hedera’s roadmap is packed with ambitious goals. The network is working toward permissionless nodes via the Node Management Tool (NMT), which will decentralize node operations and enhance security. Upcoming features include EIP-4337 compatibility for Ethereum-like smart contracts and batch transaction support for complex workflows without relying on smart contracts. Hedera also plans to introduce scalability features like sharding and blockstream APIs, ensuring the network can handle growing transaction volumes for enterprise and DeFi applications. These advancements position Hedera to compete with major players like Solana and Ethereum.

Onchain Data

Hedera’s network performance is impressive. The mainnet processes over 10,000 transactions per second with sub-3-second finality, outpacing many traditional blockchains. As of June 9, 2025, HBAR’s circulating supply is 42.24 billion out of a 50 billion max supply, with a market cap of $7.54B USD. Recent 24-hour trading volume reached $125.44M USD, reflecting strong market activity despite a 7% price dip. Onchain analytics from platforms like Hashscan show consistent growth in account creation and dApp usage, particularly in DeFi and NFT marketplaces.

Community Sentiment

The Hedera community on X is buzzing with excitement about the testnet upgrade. Posts highlight optimism about Hedera’s enterprise adoption and unique features like scheduled transactions, which enable escrow-like functionality for DePIN (Decentralized Physical Infrastructure Networks). Influencer @kevinolearytv, a self-proclaimed “big shareholder” in HBAR, recently praised Hedera’s potential to revolutionize digital payments, boosting community morale. However, some users express caution about HBAR’s recent price volatility, urging due diligence before investing.

Why It Matters

This testnet upgrade is a pivotal moment for Hedera, ensuring its infrastructure remains robust and developer-friendly. By refining smart contract tools and transaction efficiency, Hedera strengthens its appeal for enterprises and developers building high-throughput dApps. The open-source Hiero project and growing partnerships further cement Hedera’s role as a trusted DLT platform. While price volatility is a risk in crypto markets, Hedera’s fixed fees and carbon-negative network offer stability for users. Risk Disclaimer: Always research market trends and consult financial advisors before engaging with HBAR or any cryptocurrency, as price fluctuations are common.

Hedera

Bullish or Bearish?

bullish
bearish

Hedera (HBAR) Events List

$HBAR Listing on Kraken

On July 10, 2025, Kraken will list $HBAR, following announcements of $EPT and $PARTI on Tuesday and $PRO on Friday, as shared in their July 7 post [Kraken Exchange, X, 1942191871473684912]. The purpose? To tap into Kraken’s 8 million+ user base [Reuters, March 20, 2025], enhancing $HBAR’s market presence. Hedera’s unique hashgraph consensus handles 10,000 transactions per second at a fraction of Bitcoin’s energy use—100,000 times less, per a 2022 Nature Communications study [Hedera.com, 2024-02-25]. This listing could drive adoption, especially for real-time apps like payments, though geographic restrictions may apply [Kraken Exchange, X, 1942191871473684912].Recent NewsHedera’s been on a roll. In the last three months, the network saw a 1200% surge in issued @USDC volume and 420% in transaction volume on exchanges like Binance and Crypto.com [OKX.com, July 9, 2025]. Meanwhile, Kraken’s $1.5 billion acquisition of NinjaTrader in March 2025 signals its push into traditional finance, aligning with a pro-crypto U.S. regulatory shift under President Trump [Reuters, March 20, 2025]. These developments underscore growing institutional interest in Hedera’s tech.Future PlansHedera’s roadmap is ambitious, aiming for full decentralization with tools like the Node Management Tool (NMT) and enhanced EVM compatibility [Hedera.com, 2021-09-16]. Upcoming features include batch transactions (HIP-551) and state proof scalability, promising smoother workflows and broader node support. With a carbon-negative network and low fees ($0.0001-$0.01 per transaction) [Hedera.com, 2024-02-25], Hedera is positioning itself as a go-to for enterprise use cases.Onchain DataCurrent onchain data shows $HBAR trading at $0.16948, up 5.39% in 24 hours, with a $7.21 billion market cap [OKX.com, July 9, 2025]. Over the past year, it’s soared 151.29% [Kraken.com, May 20, 2025]. Staking rewards via proof-of-stake add value, though exact staking metrics aren’t publicly detailed yet. Watch for increased wallet activity post-listing!Community SentimentX is buzzing with excitement! Users like @markchadwickx call it a “BREAKING” moment [X, 15:43, 2025-07-07], while @hartz_dog cheers for the #Hedera fam to “take this to the MOON” [X, 16:33, 2025-07-07]. Speculation around hidden listings (e.g., “JASMY”) in Kraken’s word search has sparked playful debates [X, 1942192844984271147]. The vibe is overwhelmingly positive, with some eyeing GBP/HBAR pairs [X, 17:13, 2025-07-07].Additional InsightsCompetitors like Cardano ($ADA) offer similar scalability, but Hedera’s enterprise council—including Google and IBM—gives it an edge [Hedera.com, 2024-02-25]. The listing could spur volatility, so new investors should research risks like market dips. Follow Crypto Calendar for updates!Risk Disclaimer: Crypto investments carry risks, including price volatility. Always do your own research.

Hedera

July 10

Hedera Ecosystem Quarterly Webinar

This live-streamed webinar, accessible via the Token Relations X account, will explore Hedera’s latest developments. Gregg Bell, a key figure with a track record of overseeing $100B in assets under custody at BitGo, will discuss how Hedera’s high-throughput network supports stablecoin adoption and ecosystem expansion. The session aims to educate the community, attract developers, and highlight partnerships, making it a pivotal moment for Hedera’s visibility in the crypto space.Recent NewsHedera has been making waves recently. In June 2025, the network participated in 26 events across 14 cities, including ETH Seoul and Token2049 Dubai, showcasing its commitment to real-world asset (RWA) tokenization [hedera.com, Q2 2025 Highlights]. On July 4, 2025, Hashgraph launched HashSphere, a permissioned blockchain for regulated industries, set to debut in Q3 2025, enhancing Hedera’s enterprise appeal [crypto.news]. These milestones underline Hedera’s strategic push into financial innovation.Future PlansLooking ahead, Hedera plans to expand its stablecoin ecosystem and RWA tokenization capabilities. The upcoming HashSphere launch will facilitate compliant cross-border transactions, while the network aims to host more global meetups to foster developer adoption. The Hedera Foundation’s focus on APAC growth, as seen in Q2 events, hints at further regional expansions in 2026 [hedera.com].Onchain DataSpecific onchain metrics for Hedera (e.g., transaction volume or staking data) are not detailed in recent public reports. However, Hedera’s mainnet processes thousands of transactions daily, known for its low-cost, high-speed consensus mechanism. For the latest stats, check Hedera’s explorer at status.hedera.com. This reliability supports its growing use case for stablecoins and tokenized assets.Community SentimentX reactions are buzzing with excitement. Users like @jacqmelinek have asked about DeFi vs. enterprise impacts, reflecting curiosity about stablecoin applications [X, 1942702431420440948]. The Hedera Foundation’s supportive reply and emoji-filled responses from @orbis86_x and @Craigologies suggest a positive community vibe [X, 1942700758643663201, 1942937250020634956, 1942718518547603592]. Influencers are optimistic, aligning with Hedera’s upward trajectory.Additional InsightsThe stablecoin market is heating up, with Ant International exploring licenses [Reuters, July 9, 2025], positioning Hedera as a contender. A 2023 BIS report estimates RWA tokenization could unlock $16 trillion by 2030, a trend Hedera is well-placed to capitalize on. For users, this webinar offers a chance to learn about investment opportunities and network benefits.Risk DisclaimerAs with any crypto event, price volatility or project-specific risks may apply. Always research and invest cautiously.

Hedera

July 11

Hedera HIP-1046: gRPC-Web Proxy Endpoints Update

The session features Keith Kowal and Ali Niknam from Hashgraph, outlining how this update allows node operators to advertise secure web endpoints dynamically. The purpose is to cut dApp maintenance costs, enable easier browser-based integrations, and foster a more resilient ecosystem. This proposal is crucial for Hedera's enterprise-grade blockchain, bridging traditional development with Web3 efficiency. Expected impacts include accelerated dApp adoption, reduced barriers for builders, and enhanced performance, though implementation may require careful monitoring for seamless rollout.Recent NewsHedera's ecosystem has shown strong growth. August 2025 saw stablecoin market cap surge 54 percent to $86.41 million, reflecting rising DeFi interest. July brought protocol upgrades for better throughput, while June emphasized developer tools. TVL jumped to $270 million earlier in the month, up from previous levels, amid broader network expansions and partnerships in Asia.Future PlansHedera's 2025 roadmap focuses on decentralization and scalability. Upcoming features include dynamic address books for automated node changes, batch transactions for complex workflows, and scalable state proofs for efficient verification. Beyond 2025, plans involve modular local nodes, smart contract equivalence, and disaster recovery tools, targeting millions more transactions per second and widespread enterprise adoption.Onchain DataHedera's daily transaction volume averaged 708,500 in Q1 2025, up 25.8 percent quarter-over-quarter. Recent TVL stands at $270 million, with stablecoins contributing significantly. Detailed August metrics from platforms like Dune Analytics are limited, but network explorers show steady wallet growth and high activity in crypto services.Community SentimentReactions on X to HIP-1046 are largely positive, with developers praising its potential for easier integrations and scalability. Some users express frustration over price performance, but overall buzz centers on optimism for network improvements and real-world utility.

Hedera

September 17

subscription

Be aware of the recent news
in crypto every day

Please keep me updated by email with the latest crypto news, research findings, reward programs, event updates, coin listings, and more information from Bitdates.