Hermes Protocol HERMES

1. Summary

Ranks

Liquidity

72

Developer

-

Social

52

Momentum (beta)

0

Stack Rank™

-

Price

$0.004223190000 -2.5%

Market Cap

$895,608.00 (#3917)

Supply

218.34M / 539.01M

Tags

Arbitrum Ecosystem Metis Ecosystem

More Metrics

Price
52W High price	$0.04
52W High date	6th Jun 2024 (11 months ago)
All Time High (ATH) Date	18th Oct 2022 (2 years ago)
ATH Price	$0.24
% From ATH	-98.99%
All Time Low (ATL) Date	2nd Oct 2024 (7 months ago)
ATL Price	$0.000054320000
% From ATL	4385.78%

Supply & Trading Volume
Trading Volume (24h)	$1,104.00
Total Supply	539.01M
Circulating Supply	218.34M

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Description

Hermes Protocol is a decentralized exchange (DEX) that allows users to trade volatile and pegged assets in a single venue. It was officially launched in February 2022 and began emissions in March 2022. The protocol incentivizes liquidity providers to add new gauges, boost gauge yields, vote on token emissions, and receive bribes. Liquidity provider...

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Hermes Protocol is a decentralized exchange (DEX) that allows users to trade volatile and pegged assets in a single venue. It was officially launched in February 2022 and began emissions in March 2022. The protocol incentivizes liquidity providers to add new gauges, boost gauge yields, vote on token emissions, and receive bribes. Liquidity providers can earn HERMES tokens based on their veHERMES balance, with a 100% weekly distribution weighted on votes from veHERMES holders. Those with no veHERMES balance can earn up to 40% of emissions. The protocol aims to provide low-cost, near-zero slippage trades on both correlated and uncorrelated assets, incentivizing fees instead of liquidity.

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