Convert Malagasy Ariary MGA to Hermes Protocol HERMES
MGA to HERMES: 1 Malagasy Ariary converts to 0.8988 HERMES
Hermes Protocol (HERMES) is not tradable on Coinbase.
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About Hermes Protocol
Hermes Protocol is falling this week. The current price of Hermes Protocol is MGA 1.11 per HERMES. With a circulating supply of 161,650,250.343 HERMES, it means that Hermes Protocol has a total market cap of MGA 179,887,764.45. The amount of Hermes Protocol traded has fallen by -MGA 4,768 in the last 24 hours, which is a 52.66% decrease. Additionally, in the last day, MGA 9,054 worth of HERMES has been traded.
The exchange rate of Hermes Protocol is decreasing. The current value of 1 HERMES is MGA 1.11 MGA. In other words, to buy 5 Hermes Protocol, it would cost you MGA 5.56 MGA. Inversely, MGA 1 MGA would allow you to trade for 0.8988 HERMES while MGA 50 MGA would convert to 44.94 HERMES, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 7.29%. Meanwhile, in the last 24 hours, the rate has changed by 2.12%, which means that the highest exchange rate of 1 HERMES to MGA was MGA 1.14 MGA and the lowest 24 hour value was 1 HERMES for MGA 1.11 MGA. Last month, 1 HERMES was worth MGA 1.25 MGA. Today, it's down 12.23%. Looking back a year, Hermes Protocol has changed by MGA 10.88 MGA. That means that in a single year, the value of Hermes Protocol has shrank by 89.4%.
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.
Conversion tables
MGA to HERMES values from Today at
MGA 1 MGA = 0.4494 HERMES |
MGA 1 MGA = 0.8988 HERMES |
MGA 5 MGA = 4.49 HERMES |
MGA 10 MGA = 8.99 HERMES |
MGA 50 MGA = 44.94 HERMES |
MGA 100 MGA = 89.88 HERMES |
MGA 500 MGA = 449.38 HERMES |
MGA 1,000 MGA = 898.75 HERMES |
HERMES to MGA values from Today at 11:13 pm
0.5 HERMES = MGA 0.5563 MGA |
1 HERMES = MGA 1.11 MGA |
5 HERMES = MGA 5.56 MGA |
10 HERMES = MGA 11.13 MGA |
50 HERMES = MGA 55.63 MGA |
100 HERMES = MGA 111.27 MGA |
500 HERMES = MGA 556.33 MGA |
1,000 HERMES = MGA 1,112.66 MGA |
MGA to HERMES over time
MGA | Today | 24H -88.09% | 1M -80.20% | 1Y -9.19% |
|---|---|---|---|---|
0.5 MGA | 0.4494 HERMES | 0.4405 HERMES | 0.401 HERMES | 0.04595 HERMES |
1 MGA | 0.8988 HERMES | 0.8809 HERMES | 0.802 HERMES | 0.0919 HERMES |
5 MGA | 4.49 HERMES | 4.40 HERMES | 4.01 HERMES | 0.4595 HERMES |
10 MGA | 8.99 HERMES | 8.81 HERMES | 8.02 HERMES | 0.919 HERMES |
50 MGA | 44.94 HERMES | 44.05 HERMES | 40.10 HERMES | 4.59 HERMES |
100 MGA | 89.88 HERMES | 88.09 HERMES | 80.20 HERMES | 9.19 HERMES |
500 MGA | 449.38 HERMES | 440.45 HERMES | 401.02 HERMES | 45.95 HERMES |
1,000 MGA | 898.75 HERMES | 880.91 HERMES | 802.04 HERMES | 91.90 HERMES |
Frequently asked questions
Right now, 1 Hermes Protocol is worth about MGA 1.11.
Based on the current rate, you could get 0.8988 HERMES for 1 MGA.
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 MGA calculator at the top of this page to convert any amount of HERMES to MGA. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 MGA is equivalent to 4.49 HERMES. Inversely, 5 HERMES will cost about MGA 5.56
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 Styleo Coin, Kanagawa Nami, and Grizzly Honey. For a more robust list of assets to explore, jump to the asset page dedicated to Hermes Protocol.
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