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Market

Market stats

Market cap

$7.8M

Volume (24h)

$86,956.92

Circulating supply

703.7M HEGIC

All time high

$0.64

Price change (1h)

+0.13%

Price change (24h)

-9.06%

Price change (7d)

-14.46%

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Hegic is on the decline this week.

The price of Hegic has fallen by 14.46% in the past 7 days. The price declined by 9.06% in the last 24 hours. In just the past hour, the price grew by 0.13%. The current price is $0.0111 per HEGIC. Hegic is 98.27% below the all time high of $0.64.

The current circulating supply is 703,727,349.196 HEGIC.

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About

What Is Hegic (HEGIC)?

Hegic is a decentralized trading protocol based on the Ethereum blockchain that creates, maintains, and settles Hedge contracts in a trustless manner. The hedge contracts are options-like on-chain contracts that allow traders to trade their assets at a pre-decided price on a future date. The prices of options are automatically set lower on the Hegic platform than that on the centralized exchanges.

This platform makes it an easy to trade option as it provides many features:

  • Users have to pay a fixed premium to enjoy the benefits of their options trading.

  • The Hegic covers gas fees applicable on the transaction. Gas is the pricing value required to complete a transaction on the Ethereum blockchain.

  • Users don't have to apply for KYC (know your customer) or registration as the protocol never asks users to share their name, email address, or any ID proofs.  

  • Hegic offers low prices for ETH and WBTC (Wrapped Bitcoin) options that help users to pay less premium.

  • The platform provides liquidity pools for users to trade in the on-demand options. For liquidity providers who seek to improve trustless options trading, Hegic proposes a mechanism that combines a pool model. Hegic liquidity pool contracts generate liquidity from many market participants simultaneously. Its whitepaper states that this strategy minimizes the danger of losing funds while providing liquidity providers with their profits. 

The ETH pool of Hegic is non-custodial, and liquidity providers can earn ETH in exchange for their services. The entire amount of ETH placed in this pool is utilized for trading ETH call options, and holders of these options can exchange their DAI for ETH at the strike price after the options expire. The DAI pool is reserved for DAI liquidity providers to trade ETH put options. This pool is for traders who seek to purchase puts from providers who deliver their portion of DAI in exchange for writeDAI tokens.

HEGIC is an ERC-20 coin that serves as the platform's utility and governance token. The HEGIC token is utilized to distribute settlement fees among token holders and in the protocol's on-chain governance. The HEGIC token is utilized in HIPs (Hegic Improvement Proposal). The Hegic Token holders have the right to vote on the issues like hedge contract assets and rates, strike price suppliers, settlement fee size, and more.

History of Hegic (HEGIC)

The Hegic protocol was founded by Molly Wintermute. The whitepaper of Hegic was launched on February 20, 2020.

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Reading List

News

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These transitions, as Ethereum co-founder Vitalik Buterin explains in his latest blog post are: layer-2 scaling, wallet security and privacy.

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Blockworks • Jun 09, 23

Vitalik Buterin: Ethereum must adopt ‘three transitions’ to succeed

These transitions, as Ethereum co-founder Vitalik Buterin explains in his latest blog post are: layer-2 scaling, wallet security and privacy.

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Avalanche Arcad3 is connecting traditional game publishers with crypto firms to help bring legacy IP into the fledgling Web3 gaming space.

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CoinDesk • Jun 09, 23

The Memecoin Grift and How It Threatens Ethereum Culture

If Ethereum is to grow it’ll have to mature beyond the antics of those shilling the token-of-the-moment, says Paul Dylan-Ennis.

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FAQ

What is the current price of Hegic?

We update our Hegic to USD currency in real-time. Get the live price of Hegic on Coinbase.

What is the market cap of Hegic?

The current market cap of Hegic is $7.79M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Hegic?

The all-time high of Hegic is $0.64. This all-time high is highest price paid for Hegic since it was launched.

What is the 24 hour trading volume of Hegic?

Over the last 24 hours, the trading volume of Hegic is $86.96K.

What other assets are similar to Hegic?

Assets that have a similar market cap to Hegic include Dimecoin, Katana Inu, Quantstamp, and many others. To see a full list, see our comparable market cap assets.

How many Hegic are there?

The current circulating supply of Hegic is 704 million.

Can I buy Hegic on Coinbase?

Yes, Hegic is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Hegic guide.