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Hedera's transactions surge 168% in 30 days despite HBAR price drop; joins UK taskforce and opens CLPR protocol.

Protocol Fundamentals
17 Oct 2026
Blockonomi
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Neutral
Hedera's transactions surge 168% in 30 days despite HBAR price drop; joins UK taskforce and opens CLPR protocol.

Hedera saw a 168.37% increase in transactions per second and a 12.3% rise in total value locked to $33.2 million over 30 days, signaling strong network activity. However, the HBAR token price fell 2.7% in 24 hours and 9.5% weekly, despite a 14.9% monthly gain. The network joined the UK Wholesale Digital Markets Champion Taskforce to advance blockchain use in tokenized repos and collateral. Additionally, Hedera opened its cross-ledger protocol (CLPR) to developers via the Linux Foundation Decentralized Trust Labs, aiming to improve interoperability and liquidity across ledgers. These moves position Hedera for broader adoption despite short-term price pressure on HBAR.

Hedera's HBAR token is trading at Rp1,497 on Pluang as of Oct 17, 2026, 17:31 WIB, down 2.85% in the last day, closely matching the article's reported 2.7% drop. Despite this short-term decline, HBAR's circulating supply is at 89% of its maximum, indicating substantial market availability. The token's market cap stands at Rp66.31 trillion, with a high sell order activity of 79% on Pluang, contrasting with the recent 12.3% rise in Hedera's total value locked, highlighting a divergence between network growth and token price movement.

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