Deep Dive
1. Cross-Chain Gateway (7 September 2025)
Overview:
Hana Network introduced a cross-chain gateway using the Cosmos SDK, aiming to streamline transactions across blockchains like Ethereum and BSC.
This update focused on interoperability, allowing users to execute micro-betting actions (e.g., Telegram-based predictions) with instant settlement. The gateway reduces reliance on centralized bridges, though liquidity depth remains untested.
What this means:
This is neutral for HANA because while it enhances usability for social finance use cases, adoption depends on third-party integrations and user traction. (Source)
2. Tokenomics Structure (June 2025)
Overview:
HANA’s tokenomics launched with 1 billion tokens, 100% unlocked at TGE. Allocations prioritized community (51%) and ecosystem incentives (30%).
The absence of vesting raised concerns about immediate sell pressure post-listing, compounded by reports of early investors dumping tokens.
What this means:
This is bearish for HANA because fully unlocked tokens historically correlate with high volatility and price declines, as seen in its 88% drop since June 2025. (Source)
Conclusion
Hana’s development appears stalled, with no code commits or security audits reported since Q3 2025. Its price decline (-88% in 90 days) aligns with criticism of its token model and lack of functional products. Could renewed developer activity or partnerships reverse its trajectory?