Rank #5308
hermes Hermes Protocol
$ 0.002073
0.073034 BTC
3 satoshies
Market Cap
415,788.5455 $
24 Hour Trading Vol
1,456.7588 $
Circulating Supply
200,52 MLN.
Total Supply
539,01 MLN.
Max Supply
-
Fully Diluted Valuation
1,00 MLN. $
Low
Range
High
Info
1h
24h
7d
1m
1y
max
-
-
-
-
-
-
Hermes Protocol Price Statistics
0.002073 $
0.001829 $ / 0.003934 $
1,456.7588 $
#5308
415,788.5455 $
0.2419 $
-99.14%
18 October, 2022, (3 years ago)
0.00005432 $
3,717.23%
02 October, 2024, (a year ago)
Hermes Protocol Top Markets
#
Exchange
Pair
Price
24h Volume
Volume
Trust Score
1
$ 0.001869 0.064424 weth
$ 716.12 379,078.7723 hermes
96.31%
2
$ 0.001869 1,058.5339 hermes
$ 27.4 13.8504 hermes
3.68%
Hermes Protocol Performance
Trading Pair
day
week
month
hermes
/
usd
-3.85%
-6.9%
5.38%
hermes
/
btc
-3.85%
-6.9%
5.38%
hermes
/
eth
-3.85%
-6.9%
5.38%
About Coin
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.
Where is Hermes Protocol available for purchase?
You can exchange HERMES tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Hermes Protocol is Uniswap V3 (Arbitrum One), notably the HERMES/WETH pair, which saw a trading volume of $ 716.12 in the past day.
What is the highest value Hermes Protocol (HERMES) has ever reached?
Hermes Protocol (HERMES) reached its peak price at 0.2419 $ on 18 October 2022, approximately 3 years ago ago. Presently, the current price is -99.14% lower than this all-time high.
What is the historical minimum price for Hermes Protocol (HERMES)?
The minimum price reached for Hermes Protocol (HERMES) was 0.00005432 $, documented on 02 October 2024, more than a year ago. In comparison, the current price is 3,717.23%, it above this historical low.
What is the fully diluted valuation of Hermes Protocol (HERMES)?
The fully diluted valuation (FDV) of Hermes Protocol (HERMES) stands at $ 1,00 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of HERMES tokens. The realization of this FDV might take several years depending on the emission schedule of HERMES tokens.
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