Convert Wrapped Bitcoin WBTC to Hermes Protocol HERMES
WBTC to HERMES: 1 Wrapped Bitcoin converts to 241,288,990.42 HERMES
About WBTC and HERMES
Wrapped Bitcoin is falling, while Hermes Protocol is climbing this week. The current WBTC to HERMES conversion rate is 241,288,990.42. Inversely, this means that if you convert 1 HERMES you will get 0.000000004144 WBTC. The conversion rate of WBTC/HERMES has decreased by 0.61% in the last hour (HERMES/WBTC increased by 0.61%). In the last 24 hours, WBTC/HERMES shrunk by 1.49%, while HERMES/WBTC grew by the same amount.
The exchange rate of Wrapped Bitcoin is decreasing. The current value of 1 WBTC is 241,288,990.42 HERMES. In other words, to buy 5 Wrapped Bitcoin, it would cost you 1,206,444,952.12 HERMES. Inversely, 1 HERMES would allow you to trade for 0.000000004144 WBTC while 50 HERMES would convert to 0.0000002072 WBTC, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 3.82%. Meanwhile, in the last 24 hours, the rate has changed by 1.51%, and that the highest exchange rate of 1 WBTC to HERMES was 245,129,700.77 HERMES and the lowest 24 hour value was 1 WBTC for 241,165,518.28 HERMES. Last month, 1 WBTC was worth 213,395,941.46 HERMES. Today, it's up 11.56%. Looking back a year, Wrapped Bitcoin has changed by 49,541,157.04 HERMES. That means that in a single year, the value of Wrapped Bitcoin has grown by 79.47%.
Wrapped Bitcoin Market Stats
Wrapped Bitcoin (WBTC) is an Ethereum token that is intended to represent Bitcoin (BTC) on the Ethereum blockchain. It is not Bitcoin, but rather a separate ERC-20 token that’s designed to track Bitcoin’s value. WBTC was created to allow Bitcoin holders to participate in decentralized finance (“DeFi”) apps that are popular on Ethereum. Through a WBTC partner, 1 Bitcoin can be exchanged for 1 Wrapped Bitcoin, and vice-versa. The BTC that backs WBTC is verifiable through a “proof of reserve” system that verifies the 1:1 backing between minted WBTC tokens and Bitcoin stored by custodians. WBTC is maintained by a group called the WBTC DAO that consists of over 30 members. It was originally started by BitGo, Ren, and Kyber.
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
WBTC to HERMES values from Today at 12:27 am
0.5 WBTC = 120,644,495.21 HERMES |
1 WBTC = 241,288,990.42 HERMES |
5 WBTC = 1,206,444,952.12 HERMES |
10 WBTC = 2,412,889,904.23 HERMES |
50 WBTC = 12,064,449,521.16 HERMES |
100 WBTC = 24,128,899,042.32 HERMES |
500 WBTC = 120,644,495,211.59 HERMES |
1,000 WBTC = 241,288,990,423.19 HERMES |
HERMES to WBTC values from Today at 12:26 am
0.5 HERMES = 0.000000002072 WBTC |
1 HERMES = 0.000000004144 WBTC |
5 HERMES = 0.00000002072 WBTC |
10 HERMES = 0.00000004144 WBTC |
50 HERMES = 0.0000002072 WBTC |
100 HERMES = 0.0000004144 WBTC |
500 HERMES = 0.000002072 WBTC |
1,000 HERMES = 0.000004144 WBTC |
WBTC to HERMES over time
WBTC | Today | 24H -1.51% | 1M 11.56% | 1Y 79.47% |
|---|---|---|---|---|
0.5 WBTC | 120,644,495.21 HERMES | 122,471,578.67 HERMES | 106,697,970.73 HERMES | 24,770,578.52 HERMES |
1 WBTC | 241,288,990.42 HERMES | 244,943,157.33 HERMES | 213,395,941.46 HERMES | 49,541,157.04 HERMES |
5 WBTC | 1,206,444,952.12 HERMES | 1,224,715,786.65 HERMES | 1,066,979,707.32 HERMES | 247,705,785.19 HERMES |
10 WBTC | 2,412,889,904.23 HERMES | 2,449,431,573.31 HERMES | 2,133,959,414.65 HERMES | 495,411,570.39 HERMES |
50 WBTC | 12,064,449,521.16 HERMES | 12,247,157,866.55 HERMES | 10,669,797,073.23 HERMES | 2,477,057,851.93 HERMES |
100 WBTC | 24,128,899,042.32 HERMES | 24,494,315,733.10 HERMES | 21,339,594,146.45 HERMES | 4,954,115,703.85 HERMES |
500 WBTC | 120,644,495,211.59 HERMES | 122,471,578,665.48 HERMES | 106,697,970,732.27 HERMES | 24,770,578,519.26 HERMES |
1,000 WBTC | 241,288,990,423.19 HERMES | 244,943,157,330.95 HERMES | 213,395,941,464.54 HERMES | 49,541,157,038.52 HERMES |
Frequently asked questions
Right now, 1 Wrapped Bitcoin is worth about $63,779.25.
Based on the current rate, you could get 0.00001568 WBTC for 1 USD.
Wrapped Bitcoin price has been declining. Since yesterday, the exchange rate of Wrapped Bitcoin has decreased. Since last month, the exchange rate of Wrapped Bitcoin has increased. Since this time last year, the price of Wrapped Bitcoin has decreased.
You can use our WBTC to USD calculator at the top of this page to convert any amount of WBTC to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 0.0000784 WBTC. Inversely, 5 WBTC will cost about $318,896.25
Wrapped Bitcoin is available to trade on DEX within your Coinbase app. Check out our guide to get more detailed instructions on how to buy Wrapped Bitcoin.
There are a number of crypto assets that have the a similar or comparable market cap to Wrapped Bitcoin, including Lido wstETH, Wrapped Beacon ETH, and USDS. For a more robust list of assets to explore, jump to the asset page dedicated to Wrapped Bitcoin.
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