About Balancer
Balancer (BAL) is an Ethereum token that powers the Balancer protocol, an automated market maker that lets anyone create or add liquidity to trading pools while earning customizable trading fees. Balancer pools can have up to 8 tokens and each token can be individually weighted within the pool, such that one token can make up as little as 2% of the total.
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Buyer Ratio
Traders
80
-17.53%
Buyers
18
-21.74%
Sellers
63
-16%
Searched
10
Market Stats
Market Cap
CA$111.76M
-0.84%
FDV
CA$159.84M
Circ. Supply
67M BAL
Max Supply
96M BAL
Total Supply
70M BAL
Total Value Locked
CA$1.15B
Diluted Valuation
CA$115.79M
Performance
Popularity
#434
Dominance
0%
Volume (24H)
CA$6.08M
-9.49%
Volume (7D)
CA$42.17M
Volume (30D)
CA$172.01M
All time high
CA$103.35
Price Change (1Y)
-40.44%
Additional details
Market details
BAL vs markets
↘ 68.2%
BAL vs BTC
↘ 67.46%
BAL vs ETH
↘ 65.16%
Tags
decentralized-exchange-dex-token
defi
dao
yield-farming
+2
Network & Addresses
Network | Address | |
---|---|---|
Base | 0x4158734D47Fc9692176B5085E0F52ee0Da5d47F1 | |
Ethereum | 0xba100000625a3754423978a60c9317c58a424e3D | |
Polygon | 0x9a71012B13CA4d3D0Cdc72A177DF3ef03b0E76A3 | |
Optimism | 0xFE8B128bA8C78aabC59d4c64cEE7fF28e9379921 |
Price history
Time | Price | Change |
---|---|---|
Today | CA$1.66 | ↘ 0.46% |
1 Day | CA$1.67 | ↘ 0.46% |
1 Week | CA$1.81 | ↘ 7.91% |
1 Month | CA$1.76 | ↘ 5.01% |
1 Year | CA$2.75 | ↘ 40.44% |
Coinbase insights
Recent trends
The latest BAL price is CA$1.66. Compared to Balancer's value of CA$1.67 from 24 hours ago, there's been a -0% decrease, while the current price is -8% down from CA$1.81 which was recorded one week ago. Balancer's all time high is CA$103.35, which was reached on May 12, 2021. This is a -98% change from its price today.
The current circulating supply of Balancer is 67,232,448. This is 70% of its max supply of 96,150,704 BAL and 96% of its total supply of 69,891,084. The market cap is currently CA$111.76M, which is a result of multiplying the current price of Balancer(CA$1.66) by the total supply(69,891,084 BAL). The fully diluted valuation of Balancer is CA$159.84M. The diluted valuation of Balancer is CA$159.84M.
Balancer had 18 buyers, 63 sellers and total 80 trades in the last 24h. Balancer was searched 10 times in the last 24h.
FAQ
Balancer (BAL) is an automated market maker (AMM) protocol that operates on the Ethereum blockchain. Launched in March 2020, Balancer strives to function as a self-balancing weighted portfolio, price sensor, and liquidity provider. It allows users to receive compensation through its native token, BAL, by contributing to customizable liquidity pools. Balancer was not initially launched with a native token, but in June 2020, the BAL governance token was introduced to encourage liquidity provision and decentralization. Balancer's unique feature is that it allows liquidity providers to have up to eight assets per market, which are weighted by percentage and rebalanced automatically.
Balancer operates several types of pools: private pools, shared pools, and smart pools. Private pools give the owner governance over the pool, making them the sole contributor of liquidity. Shared pools are designed for those who want to become liquidity providers (LPs), who are compensated with Balancer Pool Tokens (BPTs). Smart pools are similar to private pools but are controlled by a smart contract, allowing anyone to contribute liquidity. Balancer's unique feature is that it allows users to decide how much of a supported asset they wish to deposit, rather than requiring a 50% deposit of the desired asset.
Balancer's primary use case is to provide a platform for users to receive compensation by contributing to liquidity pools. It also offers a unique feature that allows more than one token to be added to a pool, and Ethereum (ETH) is not required. This flexibility makes Balancer a versatile tool in the decentralized finance (DeFi) space. Balancer also strives to offer potential benefits on assets that are in low demand through arbitrage opportunities and slippage reduction.
Balancer was developed by Balancer Lab, founded by Fernando Martinelli and Mike McDonald. The project began as a research program at a software firm, BlockScience, in 2018. The team behind Balancer is composed of individuals with a deep understanding of the DeFi space. Balancer was launched in March 2020 and raised funds in a seed round by Placeholder and Accomplice. In June 2020, Balancer introduced its native token, BAL, following the introduction of other tokens in the DeFi space. The introduction of the BAL token aimed to encourage decentralization and reward liquidity provision.
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