Two largely-adopted Layer-1 blockchains Hedera Hashgraph (HBAR) and Ripple (XRP) are battling out in the decentralized finance (DeFi) realm. According to Chainbroker, Hederaโs Distributed Ledger Technology (DLT) based chain grew 394% over the past 30 days.
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Hedera (HBAR) outpaced Ripple (XRP), as the XRP Ledger developer activity saw a 268% boost in the same time period. This places XRP Ledger third by development activity growth, MultiversX comes second to HBAR Network with an 362% uptick after tongues were wagging about SWIFT testing HBAR for cross-border transactions.
As Hederaโs Cross-Chain Interoperability Protocol (CCIP) went live this month in partnership with Chainlink (LINK), the DeFi surge can be explained by this protocol providing an always-on infrastructure with battle-tested approaches towards Web security, working across 41 different blockchains.
Hereโs Why HBAR Bulls Set Sights On $1
With the current performance of Hedera (HBAR), the altcoin is establishing an inverse Head โnโ Shoulders structure, which could turn out to be pivotal in reclaiming $0.20. Unseen since March 26, 2025, this HBAR price zone meets the red-label Bollinger Band (BOLL), signaling a breakthrough in momentum.
According to crypto analyst Jesse Peralta, HBARโs technical setup is hinting at a way larger potential than the $0.20 key resistance level. With the neckline between $0.39 to $0.47, the trader expects HBAR to burst through the all-time peak of $0.56 before claiming $1 for the first time.
As for now, the #20 ranked altcoin HBAR is trading at $0.164, picking up 1.8% gains in 24 hours. The altcoinโs yearly yield stands at 100%, bowing down to Rippleโs (XRP) 311% returns. Regardless, XRP Ledgerโs native crypto succumbed to a larger pullback, dropping 19.2% of its value, while the crypto bears crunched HBAR price by 15% during the same time frame.
On The Flipside
- New adoption developments, such as the potential launch of Hedera ETF or HBAR incorporation into SWIFT payment system could serve as catalysts for upcoming bull runs.
Why This Matters
Utility drives demand, which is key in long-term sustainability of any crypto currency. In Hedera’s case, new cross-chain abilities open the distributed ledger tech to a new audience.
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