Token

Hedera

Request

Foundation

<ul>
 <li aria-level="1">Hedera Wallet Snap now integrates with MetaMask, supporting key Hedera services like Token Service and Smart Contract Service.</li>
</ul>
<ul>
 <li aria-level="1">The update enhances features such as creating and managing topics and submitting and retrieving messages.</li>
</ul>
The Hedera Consensus Service (HCS) recently <a href="https://tuumtech.medium.com/consensus-service-now-available-in-hedera-wallet-snap-37fd8f3ff62f" target="_blank" rel="noopener noreferrer nofollow">announced</a> its integration with MetaMask with the newly updated Hedera Wallet Snap. This integration benefits MetaMask users by fully supporting key Hedera services such as the Token Service and Smart Contract Service. Thus, according to the announcement, the Hedera Wallet Snap can become a multi-functional tool for various applications within the Hedera network.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 You can now use <a href="https://twitter.com/hashtag/Hedera?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Hedera</a> Consensus Service on MetaMask with Snaps! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f98a.png" alt="🦊" class="wp-smiley" style="height: 1em; max-height: 1em;">
 We’re excited to share the latest update to <a href="https://twitter.com/hedera?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@hedera</a> Wallet Snap, now live and ready to enhance your MetaMask experience <a href="https://t.co/yrDTt1f8DQ" rel="noopener noreferrer nofollow">pic.twitter.com/yrDTt1f8DQ</a>
 — Tuum Technologies (@TuumTech) <a href="https://twitter.com/TuumTech/status/1820463892557906171?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 5, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h3 id="strong-hedera-consensus-service-expands-functionality-for-users-strong">Hedera Consensus Service Expands Functionality for Users</h3>
HCS is a service proposed to generate a decentralised and auditable record of immutable events. Its timestamp can be used for both Web2 and Web3 applications. HCS allows users to send messages to the Hedera network for consensus, get a timestamp, and guarantee the message’s fairness. 
Users can now create, update, and delete topics, submit messages, retrieve topic messages, and obtain topic information directly through MetaMask. These features provide new opportunities for developers and users, enabling them to easily connect and work within the Hedera network.&nbsp;
Besides these core features, Tuum Technologies has also focused on improving the Hedera wallet Snap user interface and the user experience. 
Some changes are being made to integrate the new features from MetaMask to enhance the experience for developers and users. This focus on UI/UX refinement underscores the commitment to providing a user-friendly and efficient tool for the Hedera community. This latest update is a welcome boost for the Hedera ecosystem, providing developers with a powerful and extensive suite of resources to create new dApps.
As<a href="https://www.crypto-news-flash.com/400000-new-hedera-accounts-in-one-week-blade-wallet-and-karate-combats-breakthrough-integration/" target="_blank" rel="noopener noreferrer nofollow"> highlighted</a> in our previous article, the Hedera Network (HBAR) has experienced a significant increase in user engagement, recording 400,000 new accounts in just one week. This growth was fueled by the recent partnerships with Blade Wallet and Karate Combat, which have smoothly integrated into the Hedera network.
<h3 id="strong-hbar-token-ranks-among-top-digital-assets-strong">HBAR Token Ranks Among Top Digital Assets</h3>
HBAR, the native token of the Hedera network, currently ranks as the 36th largest digital asset by market capitalization. Earlier this year, HBAR saw its price rise to $0.090, marking a 25% increase over the year. However, the token has recently experienced a 4% increase in the past 24 hours, trading at $0.056. The trading volume of HBAR has declined 58% in the last 24 hours. However, the market cap contradicts this, registering an increase of 3.26% at 2B.

<div class="cryptoboxes" id="mcw-435433" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="hedera" data-symbol="HBAR" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>&nbsp; 
According to data from Santiment, the open interest contracts have been on the decline, and so has the price of HBAR. Open interest contracts have also been declining from $23 million to $19.15 million, dropping by 13% in the last one week.&nbsp;
This decline indicates a lot of long liquidation among the traders and the investors, which in turn puts pressure on the price of HBAR. Additionally, the Hedera Foundation has introduced two pilot Request for Proposals (RFPs) to address targeted needs within its ecosystem, inviting developers from around the world to apply for grants, <a href="https://www.crypto-news-flash.com/hedera-hashgraph-leads-blockchain-innovation-with-new-scalability-breakthrough/" target="_blank" rel="noopener noreferrer nofollow">as noted</a> in our earlier post.

Hedera Wallet Snap for MetaMask Gets Major Upgrade with Hedera Consensus Service Support

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