what's harmony?
Harmony is a blockchain platform designed to scale decentralized applications through innovative sharding technology. It employs a proof-of-stake consensus mechanism combined with secure random state sharding to achieve high throughput, low latency, and energy efficiency. As an Ethereum Virtual Machine (EVM)-compatible network, Harmony allows seamless porting of Ethereum-based smart contracts while offering 2-second transaction finality and fees significantly lower than traditional blockchains. The native token, ONE, powers the ecosystem by facilitating staking for network security, governance participation, and transaction fees. Harmony's architecture divides the network into shards for parallel processing, addressing the blockchain trilemma of scalability, security, and decentralization. It supports a growing DeFi and NFT ecosystem, with bridges to major chains like Ethereum for cross-chain interoperability. Harmony's development emphasizes community-driven growth, with tools for developers to build dApps in a fast, cost-effective environment. Its effective proof-of-stake model incentivizes long-term participation, making it suitable for applications requiring high performance, such as gaming, social platforms, and real-world asset tokenization.
DeFi ecosystem TVL is $484k as of February 1, 2026.
Total Value Locked (TVL) across entire DeFi ecosystem is $484k.
Ranked in top 10 ecosystems by development activity with a 61.4% weekly increase in GitHub events, as measured during the week following the 2026 new year holiday period.
Stream Sync protocol deploys to mainnet, copy-trading feature goes live, and BTC liquidity pool hedger tool launches in October.
Network upgrades improve sync speed, Ethereum compatibility, cryptography, and data access capabilities.
Stream Sync protocol update announced to improve network resilience and scalability.
Plasma blockchain hosts the One project and positions itself as the infrastructure platform for neobanks.
Flash Rewards staking period runs October 16-30, 2025, offering 10% annual returns with 14-day lockup and capped at 1 billion ONE total allocations with individual limit of 500,000 ONE.
Quarterly updates released by core team members while FlappyH1 DeFi application launches on the ecosystem and EasyNode assumes validator operations for StrongMindsHold.
New Snapshot X integration enables decentralized governance capabilities.
New Digital Decoder integration enables full transaction readability through Colossus Italy platform.
New institutional staking capabilities launched on three major platforms: Fireblocks, DFNS, and Ledger Enterprise.
New institutional staking integration enables ONE staking through Fireblocks, DFNS, and Ledger Enterprise via Colossus Italy hub.
Token experiences 44x price increase on Bonk platform amid speculative trading.
Security alert: Staking extension wallet previously compromised with all private keys drained, highlighting extension wallet risks.
Cross-chain bridge exploit results in 80-90k stable coin loss for users.
Marketplace-driven token burn program removes $701 depegged USDC; 10% of sales dedicated to burns.
Flash Rewards program goes live with 10% APY staking opportunity.
Flash rewards staking program launches April 10, 2025, offering 10% APY with 14-day lockup and 1M ONE total allocation cap.
Multiple community members report serious issues and discuss potential legal action against the project.
Senior team member departs after 6-year tenure while new protocol JEETonONE launches, indicating organizational shift amid continued ecosystem expansion.
New 3,000 NFT collection launching on Base with $12M backing and $ON token airdrop; WL mint at $100, presale at $50.
Band Protocol price feeds now live on mainnet and testnet, supporting BTC, ETH, USDC price data integration.
Lead DevOps Engineer departs after 6 years of service, creating potential technical leadership gap.