The Hedera blockchain achieved a significant milestone by surpassing 10 billion transactions, but its native cryptocurrency HBAR has struggled with low volumes.

A recent analysis by Messari showed a surge in network activity during Q1 2023, with a 170% increase in daily active addresses and a 40x increase in transaction volume.

However, HBAR's performance has been relatively slower in Q2 2023, with a downward trajectory and low volumes despite some recent accumulation.

The network's recent milestone of 10 billion transactions marks an important achievement, but HBAR's bullish start in January and February has not been sustained.