case study

The leading non-custodial wallet on Hedera

HashPack is the leading non-custodial wallet and gateway to the Hedera network, providing secure, frictionless access to DeFi, NFTs, and tokenized assets. By combining enterprise-grade security with intuitive user experience, HashPack enables both retail users and developers to harness the full potential of the Hedera ecosystem.

1M+
Accounts created
24x
2-year TXN volume growth
$1B+
Held in user wallets

Problem

Traditional blockchain platforms suffer from prohibitive gas fees, scalability limitations, and complex user interfaces that create significant barriers to mainstream web3 adoption. Users need technical expertise to navigate complicated wallet setups and face high transaction costs that make basic network interactions expensive and inaccessible.

Solution

HashPack provides a comprehensive wallet platform that eliminates unnecessary fees for basic network functions, subsidizes account creation, and offers intuitive interfaces for both retail users and enterprises. The solution integrates seamlessly with Hedera’s capabilities, supporting everything from DeFi protocols to NFT marketplaces through a single gateway.

HashPack: The gateway powering Hedera’s ecosystem growth

This platform emerged as the cornerstone of Hedera’s user interface layer, transforming from a simple wallet into the ecosystem’s primary gateway. Founded by May Chan and industry veterans who recognized Hedera’s unique advantages over traditional blockchain solutions, HashPack now serves over 90% of Hedera’s monthly active users with more than one million accounts created. The platform has experienced remarkable growth with a 2,400% increase in transaction volume over two years and manages over $1 billion in user wallets.

The team’s deep integration with Hedera began with developing HashConnect, the network’s first secure dApp connection library that became the standard from 2020 to 2022. When WalletConnect proved incompatible with Hedera’s architecture, HashPack created a new proprietary solution and offered it freely to the ecosystem. May Chan also authored the HIP-412 NFT metadata standards that became foundational for all NFT projects on Hedera, helping catalyze the network’s NFT boom in 2021.

Today, HashPack continues to expand Hedera’s reach through strategic initiatives in real-world asset tokenization and community-building tools. Major enterprises have incorporated HashPack into their pilot demonstrations, validating its position as the de facto interface for Hedera interactions. Through participation in initiatives like the DeRec Alliance and potential integration with the Linux Foundation’s Hiero Project, HashPack is playing a critical role in building Hedera’s future.

Why Hedera

Hedera was chosen for its enterprise-grade infrastructure, transparent governance model, and unique technical architecture. The Hedera platform allows HashPack to maintain its core philosophy of enabling rather than charging for basic network functionality, while low fees and high throughput enable them to subsidize account creation while providing a seamless user experience.

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