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About HERMES

Hermes is a non-custodial protocol in the Metis ecosystem. The primary goal of Hermes Protocol is to enable users and other decentralized protocols exchange both volatile assets ($DAI to $WETH for example) and stablecoins ($DAI to $USDC for example) through it with low fees and low slippage. Unlike existing exchanges that match a buyer and a seller, the behavior of Hermes is different, it uses liquidity pools like Uniswap. To achieve this, Hermes needs liquidity (tokens) which is rewarded by those who provide it.$HERMES token is a governance and utility token for Hermes Protocol. All those who have participated in the Hermes pools will retroactively receive $HERMES tokens. The main purposes of the Hermes token is to incentivize liquidity providers on Hermes Protocol as well as getting as many users involved as possible in the governance of the protocol. Liquidity providers on the Hermes platform receive ¥HERMES for providing liquidity. This ensures the protocol continues offering low fees and extremely low slippage.

Hermes Protocol (HERMES) is a cryptocurrency launched in 2022. HERMES has a current supply of 100.00M with 0 in circulation. The last known price of HERMES is 0.000185611554 USD and is -0.000024379598 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://hermes.maiadao.io/#/swap.

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HERMES Price Statistics
HERMES’s Price Today
24h Price Change
-$0.00002437959811.61%
24h Volume
$0100.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#7827
HERMES Market Cap
Market Cap
$0
Fully Diluted Market Cap
$18,561.16
HERMES Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
HERMES Supply
Circulating Supply
0
Total Supply
100.00M
Max Supply
100.00M
Updated Oct 06, 2024 11:23 pm
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HERMES
Hermes Protocol
$0.000185611554
$0.000024379598(-11.61%)
Mkt Cap $0
There's nothing here for now
Metis Cryptocurrency Surges 50% Following Ecosystem Development Fund Announcement
Metis Cryptocurrency Surges 50% Following Ecosystem Development Fund Announcement
According to CoinDesk, Metis (METIS), the native cryptocurrency of layer 2 network Metis, experienced a surge of up to 50% in the past 24 hours before giving back some gains. This followed the announcement of a grant that sparked investor interest in the token and related projects. The price surge extended 30-day gains to over 240%, with trading volumes for the tokens jumping to over $50 million on Tuesday from just $2 million at the start of December. Metis is part of a group of layer-2 scaling protocols that enable users to transact on the Ethereum blockchain faster and for lower fees, but with their own ecosystem projects and tools. Earlier this month, the MetisDAO Foundation, which maintains Metis, revealed an Ecosystem Development Fund (EDF) of 4.6 million METIS dedicated to bootstrap development, liquidity, activity, and adoption in the Metis ecosystem. The amount is worth over $360 million as of Tuesday at current prices. Disbursements to projects are expected to begin in the first quarter of 2024 after the release of the Metis decentralized sequencer, a technology that distributes nodes that process transactions worldwide. Users widely anticipate these rewards to trickle down to them as they use applications built on the Metis network. This has helped increase the value locked on Metis projects to over $500 million as of Tuesday from just under $100 million last week. Tokens of some ecosystem projects have more than doubled in the past week: staking tool Maia's MAIA token has surged 97%, and swapping protocol Hermes' HERMES token has jumped 140%. Annualized rewards on the popular HERMES and METIS liquidity pool have risen to 200%, while riskier trading pairs offer as much as 350%, according to data from Hermes. Trading volumes on the decentralized perpetual trading protocol Tethys spiked to over $18 million in the past 24 hours from an average of under $10 million in the prior weeks, bumping prices of the TETHYS tokens by 60%.
Dec 26, 2023 7:47 pm

Frequently Asked Questions

  • What is the all-time high price of Hermes Protocol (HERMES)?

    The all-time high of HERMES was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Hermes Protocol (HERMES) is 0. The current price of HERMES is down 0% from its all-time high.

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  • How much Hermes Protocol (HERMES) is there in circulation?

    As of , there is currently 0 HERMES in circulation. HERMES has a maximum supply of 100.00M.

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  • What is the market cap of Hermes Protocol (HERMES)?

    The current market cap of HERMES is 0. It is calculated by multiplying the current supply of HERMES by its real-time market price of 0.000185611554.

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  • What is the all-time low price of Hermes Protocol (HERMES)?

    The all-time low of HERMES was 0 , from which the coin is now up 0%. The all-time low price of Hermes Protocol (HERMES) is 0. The current price of HERMES is up 0% from its all-time low.

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  • Is Hermes Protocol (HERMES) a good investment?

    Hermes Protocol (HERMES) has a market capitalization of $0 and is ranked #7827 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Hermes Protocol (HERMES) price trends and patterns to find the best time to purchase HERMES.

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