The current real-time price of HERMES is $0.0018. In the past 24 hours, HERMES has traded between $0.0018 and $0.0019, showing strong market activity. The all-time high of HERMES is $0.2419, and the all-time low is $0.0{4}5432.
From a short-term perspective, the price change of HERMES over the past 1 hour is , over the past 24 hours is +0.39%, and over the past 7 days is -0.43%. These figures provide a quick overview of the latest price trends and market dynamics of HERMES on LBank.-8.23%
The live price of HERMES today is $0.0018, with a current market cap of $322.569K. The 24-hour trading volume is 117.03. The price of HERMES to USD is updated in real time.
Before deciding whether to buy or sell HERMES, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s HERMES technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for HERMES.
How much will HERMES be worth tomorrow, next week, or next month in ? What about your HERMES assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! HERMES Price Prediction
To learn more about HERMES, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
arbitrum-one | 0x3a00...cd937c  | 361.579M | 58.24% |
arbitrum-one | 0x7161...3a92c4 | 57.400M | 9.25% |
arbitrum-one | 0xd9d4...2e898a | 18.156M | 2.92% |
arbitrum-one | 0x04d1...2033cd | 8.416M | 1.36% |
arbitrum-one | 0x54de...60e99e | 7.560M | 1.22% |
Other | 167.709M | 27.01% |
Hermes is the primary Automated Market Maker (AMM) on the Metis Layer 2 network. Built on a refined ve(3,3) model, it is designed to optimize trading for both volatile assets and stablecoins with minimal slippage. Unlike many common decentralized exchange models, Hermes utilizes a unique 'Fee Incentive Mechanism' that directs 100% of trading fees and external incentives (bribes) to token lockers rather than liquidity providers, aligning the protocol's success with its most loyal stakeholders.
The $HERMES token serves three core purposes. First is voting, where locking tokens grants users the power to decide which liquidity pools receive weekly emissions. Second is staking, which allows lockers to earn 100% of protocol trading fees and bribes from their chosen pools. Finally, the token offers a boosting mechanism, enabling holders of locked tokens (veHERMES) to increase their rewards on provided liquidity by up to 2.5x.
Gauges are the technical mechanisms responsible for distributing HERMES emissions to specific liquidity pools based on community governance. Bribes are incentives provided by external projects to encourage veHERMES lockers to vote for their specific pools. By offering these rewards, projects can attract more liquidity to their tokens, while lockers benefit from additional yield, creating a competitive and efficient ecosystem for liquidity distribution.
Hermes V1 utilized an NFT-based voting system that required users to manually manage locks and vote every week. Hermes V2 introduced the b(3,3) model and the $bHERMES token, which standardizes the locking process. This upgrade automates voting and introduces 'dilution protection,' effectively treating long-term locks as permanent contributions to the protocol. This transition simplifies the user experience while maximizing the efficiency of the incentive structure.
Users can earn yield through two primary methods. As a Liquidity Provider (LP), you can deposit token pairs into a pool to earn HERMES emissions. Alternatively, you can act as a Voter by locking HERMES tokens for veHERMES or bHERMES. Voters participate in governance to direct emissions and, in exchange, receive 100% of the trading fees and external bribes associated with the pools they support.
Hermes is a non-custodial protocol, meaning users maintain full control over their assets at all times. The platform is built using established and widely-recognized DeFi architectures, ensuring the core logic is based on proven industry standards. As part of the Maia DAO ecosystem, the protocol emphasizes transparency. Users are encouraged to review the official documentation for the latest security audits and protocol updates to stay informed on the safety measures in place.
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