One of the most underrated L1s in the space has to be Hedera.
It’s quietly climbed to institutional-grade status since launching its mainnet not just hype.
✔️ FedEx officially joined the Hedera Governing Council and will operate a network node alongside giants like Google, IBM and Dell. That’s real enterprise adoption and governance involvement, not just logos on a website. 
✔️ Hedera’s native token
$HBAR is now the basis for a spot ETF on the Nasdaq (Ticker: HBR), making it only the third crypto ever to list a U.S. ETF after Bitcoin and Ethereum. 
Price action might be consolidating, but the long-term structure shows higher lows and institutional hooks forming something most other chains can’t claim yet.
Underrated doesn’t even begin to describe it — it’s quietly building real world trust and utility.
#HBAR