Convert Hermes Protocol HERMES to Altlayer ALT
HERMES to ALT: 1 Hermes Protocol converts to 0.03365 ALT
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About HERMES and ALT
Hermes Protocol is climbing, while Altlayer is falling this week. The current HERMES to ALT conversion rate is 0.03365. Inversely, this means that if you convert 1 ALT you will get 29.71 HERMES. The conversion rate of HERMES/ALT has decreased by 1.04% in the last hour (ALT/HERMES increased by 1.05%). In the last 24 hours, HERMES/ALT grew by 0.95%, while ALT/HERMES shrunk by 0.94%.
The exchange rate of Hermes Protocol is increasing. The current value of 1 HERMES is 0.03365 ALT. In other words, to buy 5 Hermes Protocol, it would cost you 0.16827 ALT. Inversely, 1 ALT would allow you to trade for 29.71 HERMES while 50 ALT would convert to 1,485.73 HERMES, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 6.45%. Meanwhile, in the last 24 hours, the rate has changed by 0.95%, which means that the highest exchange rate of 1 HERMES to ALT was 0.03401 ALT and the lowest 24 hour value was 1 HERMES for 0.03287 ALT. Last month, 1 HERMES was worth 0.02217 ALT. Today, it's up 51.8%. Looking back a year, Hermes Protocol has changed by 0.0999 ALT. That means that in a single year, the value of Hermes Protocol has shrank by 66.31%.
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.
Altlayer Market Stats
AltLayer is an open and decentralised protocol for rollups that brings together the novel idea of a Restaked rollup, which takes existing rollups and provides them with enhanced security, decentralization, interoperability and crypto-economic fast finality. ALT is AltLayer’s native utility token and can be used for governance, protocol fee payments, economic bonding, and protocol incentivization.
Conversion tables
HERMES to ALT values from Today at 12:36 am
0.5 HERMES = 0.01683 ALT |
1 HERMES = 0.03365 ALT |
5 HERMES = 0.1683 ALT |
10 HERMES = 0.3365 ALT |
50 HERMES = 1.68 ALT |
100 HERMES = 3.37 ALT |
500 HERMES = 16.83 ALT |
1,000 HERMES = 33.65 ALT |
ALT to HERMES values from Today at 12:36 am
0.5 ALT = 14.86 HERMES |
1 ALT = 29.71 HERMES |
5 ALT = 148.57 HERMES |
10 ALT = 297.15 HERMES |
50 ALT = 1,485.73 HERMES |
100 ALT = 2,971.47 HERMES |
500 ALT = 14,857.34 HERMES |
1,000 ALT = 29,714.67 HERMES |
HERMES to ALT over time
HERMES | Today | 24H 0.94% | 1M 34.12% | 1Y -196.84% |
|---|---|---|---|---|
0.5 HERMES | 0.01683 ALT | 0.01667 ALT | 0.01108 ALT | 0.04995 ALT |
1 HERMES | 0.03365 ALT | 0.03334 ALT | 0.02217 ALT | 0.0999 ALT |
5 HERMES | 0.1683 ALT | 0.1667 ALT | 0.1108 ALT | 0.4995 ALT |
10 HERMES | 0.3365 ALT | 0.3334 ALT | 0.2217 ALT | 0.999 ALT |
50 HERMES | 1.68 ALT | 1.67 ALT | 1.11 ALT | 4.99 ALT |
100 HERMES | 3.37 ALT | 3.33 ALT | 2.22 ALT | 9.99 ALT |
500 HERMES | 16.83 ALT | 16.67 ALT | 11.08 ALT | 49.95 ALT |
1,000 HERMES | 33.65 ALT | 33.34 ALT | 22.17 ALT | 99.90 ALT |
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