Convert Hermes Protocol HERMES to Synthetix Network Token SNX
1 HERMES converts to 0.001161 SNX
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Restrictions apply, see full terms.
About HERMES and SNX
Hermes Protocol is falling, while Synthetix Network Token is climbing this week. The current HERMES to SNX conversion rate is 0.001161. Inversely, this means that if you convert 1 SNX you will get 861.56 HERMES. The conversion rate of HERMES/SNX has increased by 0.21% in the last hour (SNX/HERMES decreased by 0.21%). In the last 24 hours, HERMES/SNX shrunk by 1.92%, while SNX/HERMES grew by the same amount.
The exchange rate of Hermes Protocol is decreasing. The current value of 1 HERMES is 0.001161 SNX. In other words, to buy 5 Hermes Protocol, it would cost you 0.005803 SNX. Inversely, 1 SNX would allow you to trade for 861.56 HERMES while 50 SNX would convert to 43,078.01 HERMES, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 4.96%. Meanwhile, in the last 24 hours, the rate has changed by 1.92%, and that the highest exchange rate of 1 HERMES to SNX was 0.00119 SNX and the lowest 24 hour value was 1 HERMES for 0.001153 SNX. Last month, 1 HERMES was worth 0.001257 SNX. Today, it's down 8.31%. Looking back a year, Hermes Protocol has changed by 0.00379 SNX. That means that in a single year, the value of Hermes Protocol has shrank by 226.49%.
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.
Synthetix Network Token Market Stats
Synthetix Network Token (SNX) is an Ethereum token that powers Synthetix, a decentralised synthetic asset issuance protocol. Synthetic assets are minted when token holders stake their SNX as collateral using Mintr, a decentralised application for interacting with the Synthetix contracts. The protocol currently supports synthetic fiat currencies, cryptocurrencies, and commodities.
Conversion tables
HERMES to SNX values from Today at 8:22 pm
0.5 HERMES = 0.0005803 SNX |
1 HERMES = 0.001161 SNX |
5 HERMES = 0.005803 SNX |
10 HERMES = 0.01161 SNX |
50 HERMES = 0.05803 SNX |
100 HERMES = 0.1161 SNX |
500 HERMES = 0.5803 SNX |
1,000 HERMES = 1.16 SNX |
SNX to HERMES values from Today at 8:24 pm
0.5 SNX = 430.78 HERMES |
1 SNX = 861.56 HERMES |
5 SNX = 4,307.80 HERMES |
10 SNX = 8,615.60 HERMES |
50 SNX = 43,078.01 HERMES |
100 SNX = 86,156.02 HERMES |
500 SNX = 430,780.09 HERMES |
1,000 SNX = 861,560.17 HERMES |
HERMES to SNX over time
HERMES | Today | 24H -1.92% | 1M -8.31% | 1Y -226.49% |
|---|---|---|---|---|
0.5 HERMES | 0.0005803 SNX | 0.0005915 SNX | 0.0006286 SNX | 0.001895 SNX |
1 HERMES | 0.001161 SNX | 0.001183 SNX | 0.001257 SNX | 0.00379 SNX |
5 HERMES | 0.005803 SNX | 0.005915 SNX | 0.006286 SNX | 0.01895 SNX |
10 HERMES | 0.01161 SNX | 0.01183 SNX | 0.01257 SNX | 0.0379 SNX |
50 HERMES | 0.05803 SNX | 0.05915 SNX | 0.06286 SNX | 0.1895 SNX |
100 HERMES | 0.1161 SNX | 0.1183 SNX | 0.1257 SNX | 0.379 SNX |
500 HERMES | 0.5803 SNX | 0.5915 SNX | 0.6286 SNX | 1.89 SNX |
1,000 HERMES | 1.16 SNX | 1.18 SNX | 1.26 SNX | 3.79 SNX |
Frequently asked questions
Right now, 1 Hermes Protocol is worth about $0.000278.
Based on the current rate, you could get 3,597.33 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 17,986.64 HERMES. Inversely, 5 HERMES will cost about $0.00139
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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