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Hermez Network

Hermez Network HEZ Price $ 4.25

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HEZ Price

4.25
0.30%
($ 0.0127)
Price Range
LowHigh
$ 4.22$ 4.27

Hermez Network has merged with Polygon Network. The HEZ token will cease to exist and will be swapped for MATIC. For more information kindly check these announcements: 1. https://blog.hermez.io/polygon-h.... 2. https://twitter.com/0xPolygonHer...

General Info

Contracts/Explorers:

Explorers

Tags (Sub-Categories):

#Token

Description

Hermez is a decentralized zk-rollup focused on scaling payments and token transfers on top of Ethereum

Hermez Network (HEZ) Chart

The Hermez Network to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

HEZ to USD Converter

Hermez Network (HEZ)HEZ

HEZ Price Statistics

leaderboard

Market Cap

$ 70.99M

FDV

$ 80.56M

ATH Market Cap

$ 169.88M

24 Trade Vol.

$ 13.08K


Vol. (24h) / MCap

0.000184

Max Supply

HEZ 18,958,292

Total Supply

HEZ 18,958,292

Circulating Supply

HEZ 16.71M

(88.1% of Max Supply)

Listing Date

5 Nov 2020

All Time High

$ 10.17

27 Dec 2021


All Time Low

$ 2.97

20 Jul 2021


From ATH

58.2%

From ATL

42.9%

Hermez Network Price Analysis

What is Hermez Network (HEZ)?

Hermez is a Layer2 zk-rollup platform that is borderless, secure, and decentralized. It is built directly on top of the Ethereum blockchain and enables anyone to transfer digital assets with minimal transaction fees and fast speeds. The team hopes that Hermez will help to provide universal access to finance and reduce costs for P2P payments and arbitrage, as well as encourage the use of digital assets overall.

HEZ was originally Hermez’ native token created as an ERC-20 standard utility token that can be used in the consensus of the platform. However, since Hermez Network has merged with Polygon, the HEZ token has been indexed to MATIC token and will become Polygon Hermez zkRollup utility token.

What are Hermez Network’s key features and how does it work?

The Hermez Network is able to offer faster and cheaper transactions due to its use of zero-knowledge technology. All funds are held in smart contracts on the main-hain, however, the transaction validation process is carried out both on and off-chain. Token transactions are scaled by compressing and aggregating thousands of transactions into batches. A zk-SNARK verifies each transaction in a batch. Batches are then validated on Ethereum. Essentially, this means that computations are handled off-chain and verified on-chain, Ethereum acting as a store of data. This allows Hermez network to remain permissionless and censorship-resistant.

Network Coordinators (transaction batch creators within the Hermez ecosystem, comparable to block producers on other networks) are chosen via an auction system. Potential coordinators can take part in the bid by submitting at least 10 HEZ tokens that they are willing to donate to become the batch creator. The winning bid, the bid with the highest amount of tokens bidded, becomes the address assigned to create the next batch. This process is known as proof-of-donation. Donations go towards the protocols and services that run on top of Ethereum.

All tokens placed during the bidding process will either be burned (30%), transferred to a donations account (40%), or allocated to incentive programs (30%).

Users are another key actor of the Hermez ecosystem. They can access the Hermez Network via a specially created interface in order to deposit, transfer, and register their address with Hermez.

Where can you buy HEZ?

ATA is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are MEXC Global and Uniswap V2. The price of ATA will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for ATA market price, please view the price charts on this page.

Hermez Network Price Today

Hermez Network's current price is $ 4.25, it has increased +0.3% over the past 24 hours.

Hermez Network's All Time High (ATH) of $ 10.17 was reached on 27 Dec 2021, and is currently -58.2% down.

The current circulating supply of Hermez Network is 16.71 Million tokens, and the maximum supply of Hermez Network is 18.96 Million.

Hermez Network’s 24 hour trading volume is $ 13.08 Thousands.

Hermez Network's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 70.99 Million.

You can find more details about Hermez Network on its official website and on the block explorer.

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