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Balancer BAL

Balancer header image

1. Summary

Fundamental Rank
Developer Rank
Social Rank
Coinrank
Price
52W High price $33.66
52W High date 27th May 2021 (1 year ago)
All Time High (ATH) Date 4th May 2021 (1 year ago)
ATH Price $74.45
% From ATH -89.19%
All Time Low (ATL) Date 23rd Jun 2020 (1 year ago)
ATL Price $6.65
% From ATL 21.1%
Supply & Trading Volume
Trading Volume (24h) $9.26M
Total Supply 49.72M
Max Supply 100.00M
Circulating Supply 10.80M
Description

Balancer can be defined as software that runs on Ethereum and attempts to incentivize a distributed network of computers to operate an exchange where the users can buy and sell cryptocurrencies. It is a type of DeFi protocol that goes by the name of an automated market maker (AMM), and rather than using order books for processing trades, it directl...

Balancer can be defined as software that runs on Ethereum and attempts to incentivize a distributed network of computers to operate an exchange where the users can buy and sell cryptocurrencies. It is a type of DeFi protocol that goes by the name of an automated market maker (AMM), and rather than using order books for processing trades, it directly swaps one asset for another through liquidity pools that are created by the users.

As such, we can say that Balancer is an AMM, DEX, and liquidity pool protocol mostly used for swapping ERC20 tokens without the need to rely on centralized entities.

It is a fully permissionless platform, which means that anyone can access it as long as they have a crypto wallet that can support it.

AN Automated market maker is a platform that uses an algorithm when it comes to managing its orders, rather than the bid and ask system a lot of centralized exchanges end up using.

The BAL Token Explained

BAL is the native cryptocurrency token for Balancer and is an essential part of the distribution of its operations that ensures no central party can make decisions about how it operates. It is also an incentive mechanism, where users who deposit assets into the Balancer pools can earn BAL tokens. BAL users can, at some point, vote on the weekly rate of BAL distribution, Balancer protocol fees, or the possibility of launching it on other blockchains.

Features of Balancer

Balancer has several features that make it stand out. For one, you have balancer pools, which can be both private and public pools intended for different kinds of users. Public pools will allow just about any user out there to provide liquidity through adding withdrawing assets, and the parameters of public pools are pre-set and cannot be changed before their launch.

On the other end of the spectrum, you have private Balancer pools which only the pool creator can add or withdraw assets to and from. The user can also adjust all of the other parameters of the pool such as the fees, weightings, and other types of assets it accepts. These are useful to asset managers with a large portfolio that wants to earn fees on their assets.

Then you have smart pools which are owned by smart contracts which allows them to be programmed to perform certain functions, such as changing weights or creating index funds that can track a property portfolio.

Founders of Balancer (BAL)

Balancer actually originated as a research program at a software development company known as Block Science in 2018. The Balancer Lab, however, was founded by Fernando Martinelli and Mike McDonald.

Discussing Fernando Martinelli, he is a serial entrepreneur and a community member of Maker. He has worked on many projects prior to Balancer and has co-founded other companies before starting it as well.

Discussing Mike McDonald, he is the co-founder and CTO at Balancer and is a security engineer. He created mkr.tools and joined Martinelli to build the Balancer platform.

Joining them on this adventure is Kristen Stone, who fills the role of the CCO and has worked in the crypto industry for several years, and has past experience working at Coinbase.

1.1 Insights

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2. Price

BAL/USD

2.1. Market Performance

How does Balancer's (BAL) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-46.0%

BAL

-44.4%

Similar Market Cap

60 Day Return

-36.9%

BAL

54.0%

Similar Market Cap

1 Year Return

-73.2%

BAL

-23.5%

Similar Market Cap

3. Developer Activity

We're monitoring 39 Balancer GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Balancer Repos)

Commits vs. The Market

  • Past 4 weeks: 231 commits vs. an average of 2
  • Past 12 weeks: 997 commits vs. an average of 28
  • Past year: 4,121 commits vs. an average of 486

Most Active Repos

Past week 98
Past 12 weeks 328
Past year 957
Past week 46
Past 12 weeks 156
Past year 711
Past week 3
Past 12 weeks 29
Past year 666
Past week 0
Past 12 weeks 2
Past year 604
Past week 0
Past 12 weeks 0
Past year 565
Past week 8
Past 12 weeks 46
Past year 248

Top Developers 2022

In total, 242 developers have contributed to Balancer over the past year. Who are the most active Balancer developers, by commits, over the past year?

Related Projects

Developers working on Balancer also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 0
Active Reddit Users (past 24h) 0
Discord users
Active Discord Users
Telegram Users
Twitter followers 126,969
5. News
6. Investment

Investors

Who are the funds and individuals that invested in Balancer?

Funding Rounds

Balancer has raised $32.3M across 3 funding rounds, between March 2020 and May 2021.

Amount / Round Date Investors
$24.3M / Seed 1 year ago 6
$5.0M / Series A 1 year ago 5
$3.0M / Seed 2 years ago 2
$24.3M / Seed 1 year ago 6
$5.0M / Series A 1 year ago 5
$3.0M / Seed 2 years ago 2
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://balancer.finance/
Explorer https://etherscan.io/token/0xba100000625a375442397...
Twitter @BalancerLabs
Forum https://forum.balancer.finance/
Whitepaper https://balancer.finance/whitepaper/

What is the correct contract address for Balancer?

Energi 0x9b817c6e9a38e604606aea3ad6ed271ce8eaa9d6
Ethereum 0xba100000625a3754423978a60c9317c58a424e3d
Huobi-token 0x045de15ca76e76426e8fc7cba8392a3138078d0f
Polygon-pos 0x9a71012b13ca4d3d0cdc72a177df3ef03b0e76a3
Arbitrum-one 0x040d1edc9569d4bab2d15287dc5a4f10f56a56b8
Harmony-shard-0 0xdc5f76104d0b8d2bf2c2bbe06cdfe17004e9010f

Has Balancer been audited for security?

No security audits found for this project.

Are you the owner of Balancer? Edit it here

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