Convert Hermes Protocol HERMES to Dai DAI
HERMES to DAI: 1 Hermes Protocol converts to 0.0002919 DAI
About HERMES and DAI
Hermes Protocol is falling, while Dai is climbing this week. The current HERMES to DAI conversion rate is 0.0002919. Inversely, this means that if you convert 1 DAI you will get 3,425.90 HERMES. The conversion rate of HERMES/DAI has decreased by 0.01% in the last hour (DAI/HERMES increased by 0.01%). In the last 24 hours, HERMES/DAI shrunk by 0.18%, while DAI/HERMES grew by the same amount.
The exchange rate of Hermes Protocol is decreasing. The current value of 1 HERMES is 0.0002919 DAI. In other words, to buy 5 Hermes Protocol, it would cost you 0.0014595 DAI. Inversely, 1 DAI would allow you to trade for 3,425.90 HERMES while 50 DAI would convert to 171,294.87 HERMES, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 6.27%. Meanwhile, in the last 24 hours, the rate has changed by 0.19%, and that the highest exchange rate of 1 HERMES to DAI was 0.0002935 DAI and the lowest 24 hour value was 1 HERMES for 0.0002916 DAI. Last month, 1 HERMES was worth 0.0004037 DAI. Today, it's down 38.31%. Looking back a year, Hermes Protocol has changed by 0.003016 DAI. That means that in a single year, the value of Hermes Protocol has shrank by 933.38%.
Hermes Protocol Market Stats
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.
Dai Market Stats
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.
Conversion tables
HERMES to DAI values from Today at 5:52 pm
0.5 HERMES = 0.0001459 DAI |
1 HERMES = 0.0002919 DAI |
5 HERMES = 0.001459 DAI |
10 HERMES = 0.002919 DAI |
50 HERMES = 0.01459 DAI |
100 HERMES = 0.02919 DAI |
500 HERMES = 0.1459 DAI |
1,000 HERMES = 0.2919 DAI |
DAI to HERMES values from Today at 5:52 pm
0.5 DAI = 1,712.95 HERMES |
1 DAI = 3,425.90 HERMES |
5 DAI = 17,129.49 HERMES |
10 DAI = 34,258.97 HERMES |
50 DAI = 171,294.87 HERMES |
100 DAI = 342,589.75 HERMES |
500 DAI = 1,712,948.73 HERMES |
1,000 DAI = 3,425,897.45 HERMES |
HERMES to DAI over time
HERMES | Today | 24H -0.19% | 1M -38.31% | 1Y -933.38% |
|---|---|---|---|---|
0.5 HERMES | 0.0001459 DAI | 0.0001462 DAI | 0.0002019 DAI | 0.001508 DAI |
1 HERMES | 0.0002919 DAI | 0.0002925 DAI | 0.0004037 DAI | 0.003016 DAI |
5 HERMES | 0.001459 DAI | 0.001462 DAI | 0.002019 DAI | 0.01508 DAI |
10 HERMES | 0.002919 DAI | 0.002925 DAI | 0.004037 DAI | 0.03016 DAI |
50 HERMES | 0.01459 DAI | 0.01462 DAI | 0.02019 DAI | 0.1508 DAI |
100 HERMES | 0.02919 DAI | 0.02925 DAI | 0.04037 DAI | 0.3016 DAI |
500 HERMES | 0.1459 DAI | 0.1462 DAI | 0.2019 DAI | 1.51 DAI |
1,000 HERMES | 0.2919 DAI | 0.2925 DAI | 0.4037 DAI | 3.02 DAI |
Frequently asked questions
Right now, 1 Hermes Protocol is worth about $0.0002918.
Based on the current rate, you could get 3,426.98 HERMES for 1 USD.
Hermes Protocol price has been declining. Since yesterday, the exchange rate of Hermes Protocol has decreased. Since last month, the exchange rate of Hermes Protocol has decreased. Since this time last year, the price of Hermes Protocol has decreased.
You can use our HERMES to USD calculator at the top of this page to convert any amount of HERMES to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 17,134.89 HERMES. Inversely, 5 HERMES will cost about $0.001459
Hermes Protocol can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Hermes Protocol.
There are a number of crypto assets that have the a similar or comparable market cap to Hermes Protocol, including Laika, Kanagawa Nami, and Landboard. For a more robust list of assets to explore, jump to the asset page dedicated to Hermes Protocol.
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