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Hedera’s Open Data Initiative: Driving Enterprise Blockchain Integration with Google Cloud

Hedera’s Open Data Initiative: Driving Enterprise Blockchain Integration with Google Cloud

Bitget-RWA2025/11/10 21:22
By:Bitget-RWA

- Hedera Hashgraph joins Google Cloud's BigQuery to boost blockchain transparency and accessibility for developers and enterprises. - HBAR price surged 10% to $0.19 with $483M trading volume, driven by ETF inflows and institutional interest in the top-20 cryptocurrency. - The integration enables cross-chain analysis of transaction data, smart contracts, and DeFi trends via scalable open-source analytics tools. - Institutional participation is evident through 24.2% higher trading volume, though challenges i

Hedera Hashgraph has been added to Google Cloud's BigQuery public datasets, aiming to boost blockchain openness and make data more accessible for developers, businesses, and academics. With this integration, users can analyze Hedera’s complete transaction records alongside other major blockchains such as

and , making it possible to compare transaction fees, processing speeds, tokenized assets, and DeFi activity across networks . This partnership, spearheaded by the Foundation with assistance from Ariane Labs and Hashgraph engineers, uses open-source tools to keep the dataset current with network updates .

The news came as HBAR’s price jumped nearly 10% in a single day to $0.19, with trading volume soaring 130% to reach $483 million

. The token’s total value has now exceeded $8 billion, placing it among the top 20 cryptocurrencies by market cap . This rally highlights increasing institutional interest, as shown by over $71 million flowing into the Canary ETF since its debut, which now accounts for 0.91% of HBAR’s total market value .

From a technical perspective, HBAR is showing mixed

. The token recently formed a double-bottom at $0.1550 and broke through key resistance, but late-day selling caused a pullback, with prices sliding to $0.1892 .
Hedera’s Open Data Initiative: Driving Enterprise Blockchain Integration with Google Cloud image 0
Analysts point out that institutional activity, reflected in a 24.2% increase in trading volume above the weekly average, indicates strong demand drivers . Still, there are ongoing challenges, such as a drop in stablecoin supply on the network to $127 million and a decrease in total DeFi value locked to $192 million .

The BigQuery integration equips enterprises with scalable analytics capabilities, supporting in-depth research on Hedera’s expansion, smart contract performance, and NFT activity across platforms

. By removing the need for complicated infrastructure, the platform enables users to perform advanced DeFi analytics and supply chain tracking . Google Cloud’s infrastructure keeps the data aligned with network upgrades, while open-source ETL scripts let the community help improve the dataset .

This move positions Hedera as a significant force in the institutional adoption of blockchain. The availability of transparent, searchable data supports broader trends in ESG monitoring and digital strategy verification

. As the market absorbs recent gains, HBAR faces important technical thresholds: surpassing $0.1950 could open the way to $0.200, while falling below $0.1880 may lead to a drop toward $0.1750 .

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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