Convert Synthetix Network Token SNX to Hermes Protocol HERMES
SNX to HERMES: 1 Synthetix Network Token converts to 832.94 HERMES
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About SNX and HERMES
Synthetix Network Token is falling, while Hermes Protocol is climbing this week. The current SNX to HERMES conversion rate is 832.94. Inversely, this means that if you convert 1 HERMES you will get 0.001201 SNX. The conversion rate of SNX/HERMES has decreased by 0.5% in the last hour (HERMES/SNX increased by 0.5%). In the last 24 hours, SNX/HERMES shrunk by 8.04%, while HERMES/SNX grew by the same amount.
The exchange rate of Synthetix Network Token is decreasing. The current value of 1 SNX is 832.94 HERMES. In other words, to buy 5 Synthetix Network Token, it would cost you 4,164.68 HERMES. Inversely, 1 HERMES would allow you to trade for 0.001201 SNX while 50 HERMES would convert to 0.06003 SNX, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 4.26%. Meanwhile, in the last 24 hours, the rate has changed by 7.8%, which means that the highest exchange rate of 1 SNX to HERMES was 920.28 HERMES and the lowest 24 hour value was 1 SNX for 827.38 HERMES. Last month, 1 SNX was worth 835.69 HERMES. Today, it's down 0.33%. Looking back a year, Synthetix Network Token has changed by 206.69 HERMES. That means that in a single year, the value of Synthetix Network Token has grown by 75.19%.
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.
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
SNX to HERMES values from Today at 3:41 am
0.5 SNX = 416.47 HERMES |
1 SNX = 832.94 HERMES |
5 SNX = 4,164.68 HERMES |
10 SNX = 8,329.36 HERMES |
50 SNX = 41,646.81 HERMES |
100 SNX = 83,293.62 HERMES |
500 SNX = 416,468.11 HERMES |
1,000 SNX = 832,936.23 HERMES |
HERMES to SNX values from Today at 3:38 am
0.5 HERMES = 0.0006003 SNX |
1 HERMES = 0.001201 SNX |
5 HERMES = 0.006003 SNX |
10 HERMES = 0.01201 SNX |
50 HERMES = 0.06003 SNX |
100 HERMES = 0.1201 SNX |
500 HERMES = 0.6003 SNX |
1,000 HERMES = 1.20 SNX |
SNX to HERMES over time
SNX | Today | 24H -7.80% | 1M -0.33% | 1Y 75.19% |
|---|---|---|---|---|
0.5 SNX | 416.47 HERMES | 448.96 HERMES | 417.85 HERMES | 103.34 HERMES |
1 SNX | 832.94 HERMES | 897.92 HERMES | 835.69 HERMES | 206.69 HERMES |
5 SNX | 4,164.68 HERMES | 4,489.62 HERMES | 4,178.47 HERMES | 1,033.44 HERMES |
10 SNX | 8,329.36 HERMES | 8,979.24 HERMES | 8,356.94 HERMES | 2,066.89 HERMES |
50 SNX | 41,646.81 HERMES | 44,896.18 HERMES | 41,784.68 HERMES | 10,334.43 HERMES |
100 SNX | 83,293.62 HERMES | 89,792.35 HERMES | 83,569.36 HERMES | 20,668.87 HERMES |
500 SNX | 416,468.11 HERMES | 448,961.77 HERMES | 417,846.82 HERMES | 103,344.33 HERMES |
1,000 SNX | 832,936.23 HERMES | 897,923.53 HERMES | 835,693.65 HERMES | 206,688.65 HERMES |
Frequently asked questions
Right now, 1 Synthetix Network Token is worth about $0.245.
Based on the current rate, you could get 4.08 SNX for 1 USD.
Synthetix Network Token price has been on the rise. Since yesterday, the exchange rate of Synthetix Network Token has increased. Since last month, the exchange rate of Synthetix Network Token has decreased. Since this time last year, the price of Synthetix Network Token has decreased.
You can use our SNX to USD calculator at the top of this page to convert any amount of SNX to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 20.41 SNX. Inversely, 5 SNX will cost about $1.23
Synthetix Network Token is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Synthetix Network Token.
There are a number of crypto assets that have the a similar or comparable market cap to Synthetix Network Token, including Aave SNX V2, MYX Finance, and Walrus. For a more robust list of assets to explore, jump to the asset page dedicated to Synthetix Network Token.
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.