Convert Hermes Protocol HERMES to Matrix Labs MATRIX
HERMES to MATRIX: 1 Hermes Protocol converts to 0.0001601 MATRIX
About HERMES and MATRIX
Hermes Protocol is falling, while Matrix Labs is climbing this week. The current HERMES to MATRIX conversion rate is 0.0001601. Inversely, this means that if you convert 1 MATRIX you will get 6,247.41 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 0.0001601 MATRIX. In other words, to buy 5 Hermes Protocol, it would cost you 0.0008003 MATRIX. Inversely, 1 MATRIX would allow you to trade for 6,247.41 HERMES while 50 MATRIX would convert to 312,370.52 HERMES, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 419,199.09%. Meanwhile, in the last 24 hours, the rate has changed by 408,354.66%, and that the highest exchange rate of 1 HERMES to MATRIX was 0.6538 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 down 368,010.17%. 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 1,077,364.07%.
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 1:56 am
0.5 HERMES = 0.00008003 MATRIX |
1 HERMES = 0.0001601 MATRIX |
5 HERMES = 0.0008003 MATRIX |
10 HERMES = 0.001601 MATRIX |
50 HERMES = 0.008003 MATRIX |
100 HERMES = 0.01601 MATRIX |
500 HERMES = 0.08003 MATRIX |
1,000 HERMES = 0.1601 MATRIX |
MATRIX to HERMES values from Today at
0.5 MATRIX = 3,123.71 HERMES |
1 MATRIX = 6,247.41 HERMES |
5 MATRIX = 31,237.05 HERMES |
10 MATRIX = 62,474.10 HERMES |
50 MATRIX = 312,370.52 HERMES |
100 MATRIX = 624,741.04 HERMES |
500 MATRIX = 3,123,705.22 HERMES |
1,000 MATRIX = 6,247,410.45 HERMES |
HERMES to MATRIX over time
HERMES | Today | 24H -408,354.66% | 1M -368,010.17% | 1Y -1,077,364.07% |
|---|---|---|---|---|
0.5 HERMES | 0.00008003 MATRIX | 0.3269 MATRIX | 0.2946 MATRIX | 0.8623 MATRIX |
1 HERMES | 0.0001601 MATRIX | 0.6538 MATRIX | 0.5892 MATRIX | 1.72 MATRIX |
5 HERMES | 0.0008003 MATRIX | 3.27 MATRIX | 2.95 MATRIX | 8.62 MATRIX |
10 HERMES | 0.001601 MATRIX | 6.54 MATRIX | 5.89 MATRIX | 17.25 MATRIX |
50 HERMES | 0.008003 MATRIX | 32.69 MATRIX | 29.46 MATRIX | 86.23 MATRIX |
100 HERMES | 0.01601 MATRIX | 65.38 MATRIX | 58.92 MATRIX | 172.47 MATRIX |
500 HERMES | 0.08003 MATRIX | 326.90 MATRIX | 294.61 MATRIX | 862.33 MATRIX |
1,000 HERMES | 0.1601 MATRIX | 653.80 MATRIX | 589.22 MATRIX | 1,724.66 MATRIX |
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