Convert Hermes Protocol HERMES to Matrix Labs MATRIX
HERMES to MATRIX: 1 Hermes Protocol converts to 0.5904 MATRIX
About HERMES and MATRIX
Hermes Protocol is falling, while Matrix Labs is climbing this week. The current HERMES to MATRIX conversion rate is 0.5904. Inversely, this means that if you convert 1 MATRIX you will get 1.69 HERMES. The conversion rate of HERMES/MATRIX has increased by 0.04% in the last hour (MATRIX/HERMES decreased by 0.04%). In the last 24 hours, HERMES/MATRIX shrunk by 9.48%, while MATRIX/HERMES grew by the same amount.
The exchange rate of Hermes Protocol is decreasing. The current value of 1 HERMES is 0.5904 MATRIX. In other words, to buy 5 Hermes Protocol, it would cost you 2.952 MATRIX. Inversely, 1 MATRIX would allow you to trade for 1.69 HERMES while 50 MATRIX would convert to 84.69 HERMES, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 13.68%. Meanwhile, in the last 24 hours, the rate has changed by 10.76%, and that the highest exchange rate of 1 HERMES to MATRIX was 0.6539 MATRIX and the lowest 24 hour value was 1 HERMES for 0.59 MATRIX. Last month, 1 HERMES was worth 0.5892 MATRIX. Today, it's up 0.2%. Looking back a year, Hermes Protocol has changed by 1.72 MATRIX. That means that in a single year, the value of Hermes Protocol has shrank by 192.12%.
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.
Matrix Labs Market Stats
"Matrixswap is a fully decentralized virtual-AMM-based perpetual futures trading protocol and a DEX aggregator deployed on the Polygon, Polkadot and the Cardano blockchain. Unlike traditional AMMs, Matrixswap offers leveraged trades for assets with guaranteed on-chain liquidity. Matrixswap's DEX aggregator finds the best pricing for users when performing AMM spot trades and it allows traders execute single-to-multiple, multiple-to-single token swaps. Matrixswap's DEX aggregator also features an Emergency Nuke Button that allows users to convert all tokens into stable coin under one transaction."
Conversion tables
HERMES to MATRIX values from Today at 1:49 am
0.5 HERMES = 0.2952 MATRIX |
1 HERMES = 0.5904 MATRIX |
5 HERMES = 2.95 MATRIX |
10 HERMES = 5.90 MATRIX |
50 HERMES = 29.52 MATRIX |
100 HERMES = 59.04 MATRIX |
500 HERMES = 295.20 MATRIX |
1,000 HERMES = 590.39 MATRIX |
MATRIX to HERMES values from Today at 1:51 am
0.5 MATRIX = 0.8469 HERMES |
1 MATRIX = 1.69 HERMES |
5 MATRIX = 8.47 HERMES |
10 MATRIX = 16.94 HERMES |
50 MATRIX = 84.69 HERMES |
100 MATRIX = 169.38 HERMES |
500 MATRIX = 846.90 HERMES |
1,000 MATRIX = 1,693.79 HERMES |
HERMES to MATRIX over time
HERMES | Today | 24H -10.76% | 1M 0.20% | 1Y -192.12% |
|---|---|---|---|---|
0.5 HERMES | 0.2952 MATRIX | 0.327 MATRIX | 0.2946 MATRIX | 0.8623 MATRIX |
1 HERMES | 0.5904 MATRIX | 0.6539 MATRIX | 0.5892 MATRIX | 1.72 MATRIX |
5 HERMES | 2.95 MATRIX | 3.27 MATRIX | 2.95 MATRIX | 8.62 MATRIX |
10 HERMES | 5.90 MATRIX | 6.54 MATRIX | 5.89 MATRIX | 17.25 MATRIX |
50 HERMES | 29.52 MATRIX | 32.70 MATRIX | 29.46 MATRIX | 86.23 MATRIX |
100 HERMES | 59.04 MATRIX | 65.39 MATRIX | 58.92 MATRIX | 172.47 MATRIX |
500 HERMES | 295.20 MATRIX | 326.95 MATRIX | 294.61 MATRIX | 862.33 MATRIX |
1,000 HERMES | 590.39 MATRIX | 653.90 MATRIX | 589.22 MATRIX | 1,724.66 MATRIX |
Frequently asked questions
Right now, 1 Hermes Protocol is worth about €0.0001869.
Based on the current rate, you could get 5,350.44 HERMES for 1 EUR.
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 EUR calculator at the top of this page to convert any amount of HERMES to EUR. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 EUR is equivalent to 26,752.20 HERMES. Inversely, 5 HERMES will cost about €0.0009345
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 Landboard, Kanagawa Nami, and Styleo Coin. For a more robust list of assets to explore, jump to the asset page dedicated to Hermes Protocol.
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