Hermes Protocol PriceHERMES
Rank #3012
About Hermes Protocol (HERMES)
Contract
0xb27bbea...6975161c8
Explorers
andromeda-explorer.metis.io
Website
hermes.maiadao.io
Community
Tags
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.
Hermes Protocol (HERMES) Price Trends
24H High$0.007056
24H Low$0.005831
24H Volume$6.15K
Market Cap
$1.51MAll-Time High(ATH)$0.2419
Circulating Supply
242.37M HERMESAll-Time Low(ATL)$0.00005432
Total Supply
539.01M HERMESMarket Cap/FDV
100%Max Supply
100.00M HERMESFully Diluted Valuation
$623.34KMarket SentimentNeutral
Live Hermes Protocol (HERMES) Price Update
Hermes Protocol price today is $0.006233 with a 24-hour trading volume of $6.15K, and as such Hermes Protocol has a market cap of $1.51M, giving it a market dominance of 0.000096%. The Hermes Protocol price moved -9.93% in the last 24 hours.
Time period | Change amount | % Change |
|---|---|---|
| 1H | -$0.0001239 | -1.95% |
| 24H | -$0.0006872 | -9.93% |
| 7D | -$0.0007562 | -10.82% |
| 30D | -$0.006129 | -49.58% |
| 1Y | -$0.06797 | -91.60% |
Credibility Indicators
60.62
Reliability Score
Rank #4028
PercentileTOP 30%
 HERMES to USD | $0.01 USD |
 HERMES to EUR | €0.01 EUR |
 HERMES to INR | ₹0.52 INR |
 HERMES to IDR | Rp94.56 IDR |
 HERMES to CAD | $0.01 CAD |
 HERMES to GBP | £0.00 GBP |
 HERMES to THB | ฿0.21 THB |
 HERMES to RUB | ₽0.58 RUB |
 HERMES to BRL | R$0.03 BRL |
 HERMES to AED | د.إ0.02 AED |
 HERMES to TRY | ₺0.21 TRY |
 HERMES to CNY | ¥0.04 CNY |
 HERMES to JPY | ¥0.90 JPY |
 HERMES to HKD | $0.05 HKD |
