Convert Hermes Protocol HERMES to Balancer BAL
HERMES to BAL: 1 Hermes Protocol converts to 0.001538 BAL
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About HERMES and BAL
Hermes Protocol is falling, while Balancer is climbing this week. The current HERMES to BAL conversion rate is 0.001538. Inversely, this means that if you convert 1 BAL you will get 649.99 HERMES. The conversion rate of HERMES/BAL has increased by 1.1% in the last hour (BAL/HERMES decreased by 1.1%). In the last 24 hours, HERMES/BAL shrunk by 21.01%, while BAL/HERMES grew by the same amount.
The exchange rate of Hermes Protocol is decreasing. The current value of 1 HERMES is 0.001538 BAL. In other words, to buy 5 Hermes Protocol, it would cost you 0.007692 BAL. Inversely, 1 BAL would allow you to trade for 649.99 HERMES while 50 BAL would convert to 32,499.66 HERMES, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 22.56%. Meanwhile, in the last 24 hours, the rate has changed by 19.94%, and that the highest exchange rate of 1 HERMES to BAL was 0.001845 BAL and the lowest 24 hour value was 1 HERMES for 0.001459 BAL. Last month, 1 HERMES was worth 0.002591 BAL. Today, it's down 68.4%. Looking back a year, Hermes Protocol has changed by 0.001762 BAL. That means that in a single year, the value of Hermes Protocol has shrank by 14.55%.
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.
Balancer Market Stats
Balancer (BAL) is an Ethereum token that powers the Balancer protocol, an automated market maker that lets anyone create or add liquidity to trading pools while earning customizable trading fees. Balancer pools can have up to 8 tokens and each token can be individually weighted within the pool, such that one token can make up as little as 2% of the total.
Conversion tables
HERMES to BAL values from Today at 11:19 pm
0.5 HERMES = 0.0007692 BAL |
1 HERMES = 0.001538 BAL |
5 HERMES = 0.007692 BAL |
10 HERMES = 0.01538 BAL |
50 HERMES = 0.07692 BAL |
100 HERMES = 0.1538 BAL |
500 HERMES = 0.7692 BAL |
1,000 HERMES = 1.54 BAL |
BAL to HERMES values from Today at 11:20 pm
0.5 BAL = 325.00 HERMES |
1 BAL = 649.99 HERMES |
5 BAL = 3,249.97 HERMES |
10 BAL = 6,499.93 HERMES |
50 BAL = 32,499.66 HERMES |
100 BAL = 64,999.31 HERMES |
500 BAL = 324,996.57 HERMES |
1,000 BAL = 649,993.13 HERMES |
HERMES to BAL over time
HERMES | Today | 24H -19.94% | 1M -68.40% | 1Y -14.55% |
|---|---|---|---|---|
0.5 HERMES | 0.0007692 BAL | 0.0009226 BAL | 0.001295 BAL | 0.0008812 BAL |
1 HERMES | 0.001538 BAL | 0.001845 BAL | 0.002591 BAL | 0.001762 BAL |
5 HERMES | 0.007692 BAL | 0.009226 BAL | 0.01295 BAL | 0.008812 BAL |
10 HERMES | 0.01538 BAL | 0.01845 BAL | 0.02591 BAL | 0.01762 BAL |
50 HERMES | 0.07692 BAL | 0.09226 BAL | 0.1295 BAL | 0.08812 BAL |
100 HERMES | 0.1538 BAL | 0.1845 BAL | 0.2591 BAL | 0.1762 BAL |
500 HERMES | 0.7692 BAL | 0.9226 BAL | 1.30 BAL | 0.8812 BAL |
1,000 HERMES | 1.54 BAL | 1.85 BAL | 2.59 BAL | 1.76 BAL |
Frequently asked questions
Right now, 1 Hermes Protocol is worth about €0.0001478.
Based on the current rate, you could get 6,764.12 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 33,820.59 HERMES. Inversely, 5 HERMES will cost about €0.0007392
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 Styleo Coin, Kanagawa Nami, and Metars Genesis. For a more robust list of assets to explore, jump to the asset page dedicated to Hermes Protocol.
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