Convert Hermes Protocol HERMES to Paxos Standard PAX
HERMES to PAX: 1 Hermes Protocol converts to 0.0002853 PAX
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About HERMES and PAX
Hermes Protocol is falling, while Paxos Standard is climbing this week. The current HERMES to PAX conversion rate is 0.0002853. Inversely, this means that if you convert 1 PAX you will get 3,504.94 HERMES. The conversion rate of HERMES/PAX has decreased by 0% in the last hour (PAX/HERMES increased by 0%). In the last 24 hours, HERMES/PAX shrunk by 0.04%, while PAX/HERMES grew by the same amount.
The exchange rate of Hermes Protocol is decreasing. The current value of 1 HERMES is 0.0002853 PAX. In other words, to buy 5 Hermes Protocol, it would cost you 0.0014266 PAX. Inversely, 1 PAX would allow you to trade for 3,504.94 HERMES while 50 PAX would convert to 175,247.15 HERMES, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 3.01%. Meanwhile, in the last 24 hours, the rate has changed by 0.04%, and that the highest exchange rate of 1 HERMES to PAX was 0.0002854 PAX and the lowest 24 hour value was 1 HERMES for 0.0002846 PAX. Last month, 1 HERMES was worth 0.0004023 PAX. Today, it's down 41.01%. Looking back a year, Hermes Protocol has changed by 0.002086 PAX. That means that in a single year, the value of Hermes Protocol has shrank by 631.09%.
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.
Paxos Standard Market Stats
The Paxos Standard Token is a stablecoin running on Ethereum. For stablecoins like PAX, the company behind the protocol is responsible for holding reserves that fully back each token. The company behind PAX, Paxos Trust Company, claims to hold reserves that fully back each PAX.
Conversion tables
HERMES to PAX values from Today at 8:07 am
0.5 HERMES = 0.0001427 PAX |
1 HERMES = 0.0002853 PAX |
5 HERMES = 0.001427 PAX |
10 HERMES = 0.002853 PAX |
50 HERMES = 0.01427 PAX |
100 HERMES = 0.02853 PAX |
500 HERMES = 0.1427 PAX |
1,000 HERMES = 0.2853 PAX |
PAX to HERMES values from Today at 8:08 am
0.5 PAX = 1,752.47 HERMES |
1 PAX = 3,504.94 HERMES |
5 PAX = 17,524.71 HERMES |
10 PAX = 35,049.43 HERMES |
50 PAX = 175,247.15 HERMES |
100 PAX = 350,494.29 HERMES |
500 PAX = 1,752,471.45 HERMES |
1,000 PAX = 3,504,942.90 HERMES |
HERMES to PAX over time
HERMES | Today | 24H -0.04% | 1M -41.01% | 1Y -631.09% |
|---|---|---|---|---|
0.5 HERMES | 0.0001427 PAX | 0.0001427 PAX | 0.0002012 PAX | 0.001043 PAX |
1 HERMES | 0.0002853 PAX | 0.0002854 PAX | 0.0004023 PAX | 0.002086 PAX |
5 HERMES | 0.001427 PAX | 0.001427 PAX | 0.002012 PAX | 0.01043 PAX |
10 HERMES | 0.002853 PAX | 0.002854 PAX | 0.004023 PAX | 0.02086 PAX |
50 HERMES | 0.01427 PAX | 0.01427 PAX | 0.02012 PAX | 0.1043 PAX |
100 HERMES | 0.02853 PAX | 0.02854 PAX | 0.04023 PAX | 0.2086 PAX |
500 HERMES | 0.1427 PAX | 0.1427 PAX | 0.2012 PAX | 1.04 PAX |
1,000 HERMES | 0.2853 PAX | 0.2854 PAX | 0.4023 PAX | 2.09 PAX |
Frequently asked questions
Right now, 1 Hermes Protocol is worth about $0.0002845.
Based on the current rate, you could get 3,514.96 HERMES for 1 USD.
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 17,574.80 HERMES. Inversely, 5 HERMES will cost about $0.001422
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, Yaku, and Landboard. For a more robust list of assets to explore, jump to the asset page dedicated to Hermes Protocol.
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