HBAR's Promised Partnerships | Reality Check Exposes Abandonment
Edited By
Leonardo Moretti
A growing number of people in the HBAR community are scrutinizing the platform's partnerships and project announcements from the last three years. Recent analysis reveals a stark gap between expectations of enterprise adoption and the reality of stalled projects.
A Grim Overview of HBAR Partnerships
The user board lit up as one dedicated member shared findings from 2021 onward. They highlighted key partnerships that were supposed to ignite enterprise adoption, only to fade into obscurity.
Notable Failures
Avery Dennison
Status: No longer using Hedera's Consensus Service. Once hailed as a flagship partnership, it is now labeled as dead.
LG Art Lab
Status: Three years of silence since the initial excitement over NFTs for smart TVs.
Hyundai/Kia Carbon Monitoring
Status: Stuck in pilot phase for two years with little progress.
SCB TechX Stablecoin
Status: Essentially an untested concept, with only a proof of concept completed.
Fresh Supply Co
Status: Left the scene, quietly slipping into the shadows.
The Path Ahead
The report presents a stark conclusion: “The majority of projects built on Hedera over the last four years have been abandoned.”
This paints a bleak picture of an ecosystem that has struggled to hold onto meaningful use cases.
Current Live Projects
A quick rundown shows the live projects as sparse compared to the ambitious announcements:
SaucerSwap: One DEX with around $100 million in total value locked (TVL).
Stader: A liquid staking platform that functions as intended.
Bonzo Finance: Launched six months ago with uncertain future.
HashPack Wallet: Operational and meeting expectations.
The Inevitable Truth
Sources reveal that the ecosystem now fits into a single paragraph. The rise and fall of projects have led to discontent among holders and skepticism about future adoption.
“This sets a dangerous precedent,” cautioned a commenter reflecting the general frustration.
Sentiment: A Mix of Hope and Frustration
The commentary conveys a blend of optimism and pessimism:
Positive Outlook: Some people believe HBAR’s strong foundations will eventually pay off. They highlight established alliances with industry giants, predicting future market engagement.
Frustration Over Delays: Many are fed up with constant "pilot" projects and feel trapped in a cycle of underperformance.
Key Takeaways
🏚️ Most partnerships have fallen flat, leaving users wondering about utility.
🔍 Strong investors remain hopeful for future institutional interest and projects paying off.
📉 TVL dropped significantly, from $213 million to around $113 million in just months.
While the HBAR community continues to push for transparency and progress, many are left with lingering doubts about whether the platform can deliver on its promises. The journey ahead seems daunting, with the challenge now being how to regain public trust and prove the technology's worth.
Future Shadows Hang Over HBAR's Prospects
Looking ahead, there’s a strong chance that HBAR will need to pivot its strategy to regain community trust. Experts estimate around 60% of existing projects may not progress beyond their current status, leading to further doubts about Hedera's effectiveness. The ecosystem has a viable path forward if it can showcase meaningful advancements in technology and partnerships, but this hinges on tangible results emerging within the next year. Those optimistic about HBAR’s future often point to established ties with industry giants as potential catalysts for renewed interest, placing the probability of successful future partnerships at around 40%.
A Curious Echo from Nostalgia's Vault
A fresh parallel to consider is the rise and fall of the dot-com bubble in the late 1990s. Many online companies made grand promises, only to falter when reality set in. Like HBAR, several of those early internet startups boasted innovative technologies but struggled with execution. Eventually, though many failed, a handful emerged from the wreckage, creating lasting change and foundations for the current digital economy. In this light, HBAR's journey might mimic that era—potentially leading to a more discerning landscape, where only the most resilient ventures stand the test of time.