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.
Buy Balancer
Trading Insights
Buyer Ratio
Traders
49
-43.02%
Buyers
16
-27.27%
Sellers
34
-47.69%
Searched
20
Market Stats
Market Cap
£59.81M
0.34%
FDV
£85.53M
Circ. Supply
67M BAL
Max Supply
96M BAL
Total Supply
70M BAL
Total Value Locked
£616.33M
Diluted Valuation
£62.22M
Performance
Popularity
#438
Dominance
0%
Volume (24H)
£3.02M
-8.17%
Volume (7D)
£23.32M
Volume (30D)
£87.45M
All time high
£55.45
Price Change (1Y)
-39.32%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Defi tokens: Decentralised Finance (or 'DeFi') tokens (e.g. UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.
Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.
Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets. For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.
Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.
Data/oracle risk: DeFi protocols often rely on external data sources or 'oracles'. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.
Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.
Additional details
Recent trends
The price of Balancer has decreased by 0.25% in the last hour and decreased by 0.04% in the past 24 hours. Balancer’s price has also fallen by 6.50% in the past week. The current price is £0.89 per BAL with a 24-hour trading volume of £3.02M. Currently, Balancer is valued at 98.39% below its all time high of £55.45. This all-time high was the highest price paid for Balancer since its launch.
The current circulating supply of Balancer is 67,238,725.139 BAL which means that Balancer has as total market cap of £59,809,634.71.
Market details
BAL vs markets
↘ 67.36%
BAL vs BTC
↘ 66.65%
BAL vs ETH
↘ 64.98%
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 | £0.89 | ↘ 0.04% |
1 Day | £0.89 | ↘ 0.04% |
1 Week | £0.95 | ↘ 6.50% |
1 Month | £0.98 | ↘ 9.15% |
1 Year | £1.49 | ↘ 39.32% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
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.
We update our Balancer to GBP currency in real-time. Get the live price of Balancer on Coinbase.
The current market cap of Balancer is £59.81M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Balancer is £55.45. This all-time high is highest price paid for Balancer since it was launched.
Over the last 24 hours, the trading volume of Balancer is £3.02M.
Assets that have a similar market cap to Balancer include Lagrange, Api3, Pundi X (New), and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Balancer is 67 million.
Balancer ranks 169 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 71% of Coinbase users are buying Balancer. In other words, 71% of Coinbase customers have increased their net position in Balancer over the past 24 hours through trading.
Yes, Balancer is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Balancer guide.
Balancer news
Trending articles
Social stats
Popularity in posts
#1895
Contributors
138
Posts
289
% About Balancer
0.019%
Hold times
0 days
X (Twitter)
35.52% bullish
Sentiment
3.9 ★
Highlights
138 unique individuals are talking about Balancer and it is ranked #1,895 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Balancer has an average sentiment score of 78 out of 5. Finally, Balancer is becoming less newsworthy, with 0 news articles published about Balancer.
On Twitter, people are mostly neutral about Balancer. There were 37.43% of tweets with bullish sentiment compared to 5.37% of tweets with a bearish sentiment about Balancer. 62.57% of tweets were neutral about Balancer. These sentiments are based on 289 tweets.
On Reddit, Balancer was mentioned in 0 Reddit posts and there were 0 comments about Balancer. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.