About Hermes Protocol
What is the project about? Hermes DEX main goal is to let users and other decentralized protocols exchange both volatile assets (DAI to WETH for example) and stablecoins (DAI to USDC for example) through it with low fees and low slippage. Unlike exchanges out there that match a buyer and a seller, the behavior of Hermes is different, it uses liquidity pools like Uniswap. To achieve this, Hermes needs liquidity (tokens) which is rewarded by those who provide it. Hermes is non-custodial meaning the Hermes developers do not have access to your tokens. What makes your project unique? Stable coins have become an inherent part of cryptocurrency for a long time but they now come in many different flavors (DAI, TUSD, MIM, BUSD, USDC and so on) which means there is a much bigger need for crypto users to move from a stable coin to another. Centralized exchanges tend to have high fees which are problematic for those trying to move from a stable coin to another. As a result, Hermes Protocol has become the best place to exchange stable coins because of its low fees and low slippage. And Hermes also allows swaps with volatile assets. History of your project. Hermes Protocol officially launched in February 2022 and started emissions in March 2022. What’s next for your project? Introducing Yield and Concentrated Unified Liquidity Omnichain Marketplaces. Hermes V2 will offer multiple defi services compared to V1, while improving capital efficiency and user experience: - Bridge-less omnichain environment, powered with concentrated (Uni V3) and unified liquidity. - Decentralized Uniswap V3 Liquidity Management. - Uniswap V3 Liquidity Incentives. - Refined ve(3,3), becoming a fungible ERC-4626 - Improved UX and UI - Omnichain Yield marketplace What can your token be used for? Hermes token when staked for veHermes allows liquidity providers to take decisions on adding new gauges, boosting gauge yields, voting on token emission, and receive bribes.
Market Stats
Market Cap
£313.23K
-5.95%
FDV
£153.08K
Circ. Supply
205M HERMES
Max Supply
100M HERMES
Total Supply
100M HERMES
Total Value Locked
£409.28K
Diluted Valuation
£829.60K
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
£8.28K
82.71%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
£42.85
Price Change (1Y)
-93.22%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of Hermes Protocol has increased by 0.25% in the last hour and decreased by 5.51% in the past 24 hours. Hermes Protocol’s price has also fallen by 20.48% in the past week. The current price is £0.0015 per HERMES with a 24-hour trading volume of £8.28K. Currently, Hermes Protocol is valued at 100.00% below its all time high of £42.85. This all-time high was the highest price paid for Hermes Protocol since its launch.
The current circulating supply of Hermes Protocol is 204,610,968.831 HERMES which means that Hermes Protocol has as total market cap of £313,226.53.
Market details
HERMES vs markets
↘ 95.88%
HERMES vs BTC
↘ 96.38%
HERMES vs ETH
↘ 93.27%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Metis | 0xb27bbeaaca2c00d6258c3118bab6b5b6975161c8 | |
Arbitrum | 0x00000000000451f49c692Bfc24971cAcEA2dB678 | |
Arbitrum | 0x45940000009600102A1c002F0097C4A500fa00AB |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.0015 | ↘ 5.51% |
1 Day | £0.0016 | ↘ 5.51% |
1 Week | £0.0019 | ↘ 20.48% |
1 Month | £0.0018 | ↘ 13.96% |
1 Year | £0.0235 | ↘ 93.22% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
We update our Hermes Protocol to GBP currency in real-time. Get the live price of Hermes Protocol on Coinbase.
The current market cap of Hermes Protocol is £313.23K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Hermes Protocol is £42.85. This all-time high is highest price paid for Hermes Protocol since it was launched.
Over the last 24 hours, the trading volume of Hermes Protocol is £8.28K.
Assets that have a similar market cap to Hermes Protocol include Pesabase, Landboard, WDOT, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Hermes Protocol is 205 million.
Hermes Protocol calculator
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Legal
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