Price change (24h):
0.03%
High (24h):
$0.00029476
Low (24h):
$0.00029088
Volume (24h):
$28.68
Market Cap:
$47.29K
All Time High:
99.88% $0.24
Oct 18, 2022
All Time Low:
437% $0.00
Oct 2, 2024
Hermes Protocol
HERMES91.14 %(1Y)
$0.00029152
About Hermes Protocol
Hermes Protocol (HERMES) is a cryptocurrency launched in 2022. It anchors a decentralized exchange ruthlessly optimized for low-slippage swaps between volatile tokens and an expansive array of stablecoins, deployed across Arbitrum and Metis Andromeda.
The protocol surgically removes a tiresome market friction: the egregious fees and wide spreads that centralized exchanges impose on stablecoin-to-stablecoin conversions. By deploying automated liquidity pools in the style of Uniswap, Hermes lets traders shift between assets like DAI, USDC, BUSD, and MIM at a fraction of the typical cost. Volatile-to-stable and volatile-to-volatile pairs route through the same high-efficiency infrastructure. Liquidity providers deposit token pairs into these non-custodial pools, earning a cut of the volume-generated fees without any developer access to user funds.
Hermes Protocol operates on the Arbitrum One and Metis Andromeda networks. As a multi-chain decentralized application, it absorbs the security guarantees and consensus finality of each host chain rather than bootstrapping a discrete validator set.
Both deployment surfaces are natively EVM-compatible, allowing the protocol’s smart contracts to execute identically across environments. The HERMES token itself is an ERC-20 asset on Arbitrum, mirroring that standard on Metis. Its liquidity engine employs constant-product pool mathematics, and the project’s V2 roadmap introduces concentrated liquidity curves to compress slippage even further.
The protocol surfaced in early 2022, with the exchange going live in February and liquidity mining emissions starting in March of that year. No individually named founders dominate its narrative; the codebase lives publicly under the MaiaDao organization on GitHub. Its initial traction stemmed from becoming the default venue for traders rotating capital between stablecoin variants without hemorrhaging value to exchange spread.
A broader ambition drives development: forging a unified omnichain liquidity layer where assets flow across networks without fragmented silos. By concentrating liquidity from heterogeneous chains into a single tradable surface, Hermes aims to abolish bridge dependencies and maximize capital efficiency. This long-term objective feeds directly into planned yield marketplaces and omni-chain swaps that will recast DeFi composability.
The token acquires its mechanical heft through staking into veHermes, a vote-escrowed governance derivative. Holders of veHermes steer the protocol’s gauge apparatus—voting to channel liquidity mining rewards toward specific pools, dialing emission weights, and collecting bribe payments from external projects that want to attract those incentives. The lock mechanism tethers economic exposure to governance duration.
Liquidity providers stake HERMES to mint veHermes, capturing the power to dictate which pools receive boosted yields. External protocols bribe veHermes holders to tilt emissions in their favor, generating a direct revenue stream for locked stakeholders. Through this cycle, active participants harvest both trading fee shares and bribe income, while passive holders surrender any directional sway.
Hermes Protocol has an unlimited supply, with a total of 539,010,497.40 tokens minted to date. Currently, 163,843,284.94 tokens are in circulation. With a market capitalization of $62,912, Hermes Protocol ranks #6,642 among all cryptocurrencies.
Hermes Protocol Historical Price Data
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 11/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 09/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 08/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 07/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 06/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 05/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 04/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
Why is manual trading Hermes Protocol a bad idea?
Manual hermes trading
- Miss perfect entry/exit
- Emotional decisions
- Huge time to monitor
Stoic AI
-
AI trades 24/7 automatically Catch every opportunity
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Zero-emotion algorithm Disciplined strategy
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Passive income Set & forget automation
20,000+
traders trusted Stoic AI
$200M+
in cumulative assets under management since inception
2015
year of company foundation
FAQ
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Hermes Protocol (HERMES) is a cryptocurrency that can be bought, sold, and traded on major exchanges. Its price changes in real time based on supply, demand, and broader market conditions. You can track the live HERMES price, market cap, and 24-hour trading volume at the top of this page.
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The current price of Hermes Protocol (HERMES) is $0.00029152. Over the last 24 hours, it has moved 0.03%. Crypto prices update continuously, so short-term changes can happen quickly.
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You can buy Hermes Protocol on major exchanges like Binance, Coinbase, or KuCoin. However, simply buying and holding can be risky due to market volatility.
The smartest way to manage your HERMES investment is to connect your exchange account to Stoic AI. This allows you to keep funds on your preferred exchange while our institutional-grade algorithm automates the trading strategy for you, aiming to outperform manual trading. -
Hermes Protocol's price is influenced by overall crypto market trends, trading volume, investor sentiment, regulatory news, and macroeconomic events. High volatility is common - HERMES can move 5-15% in a single day. This makes timing the market extremely difficult for manual traders but creates opportunities for systematic, data-driven strategies.
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We can’t provide investment advice. Whether Hermes Protocol is a good investment depends on your risk tolerance, time horizon, and strategy. Crypto markets are highly volatile and past performance doesn't guarantee future results. Many investors reduce risk by diversifying across multiple assets and using automated strategies that remove emotional decision-making. Always do your own research before investing.
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Common approaches include buy & hold, discretionary trading based on technical analysis, or automated strategies. Manual trading can be difficult due to fees, timing, and emotional decisions. Stoic AI offers an out-of-the-box automated approach: connect your exchange via trade-only API permissions, choose a strategy, and the system manages portfolio rebalancing 24/7.
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Stoic AI uses hedge fund-grade quantitative strategies developed by Cindicator, a fintech company with 9+ years of experience and $230M+ in assets under management. The algorithm analyzes price data, volatility, and correlations to build and rebalance a diversified portfolio. HERMES can be included based on real-time market conditions. Over 18,000 customers already use Stoic AI to automate their crypto portfolios.
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With Stoic AI, your funds stay on your exchange (Binance, Coinbase, KuCoin, etc.) at all times. Stoic connects via read-and-trade-only API keys - it cannot withdraw your funds. The platform uses institutional-grade risk management and has been live-tested through multiple market cycles since 2020, including the 2022 crypto winter. You maintain full control and can disconnect at any time.
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You can start with as little as $500. There are no lock-ups and no hidden fees. You can try it now and withdraw your funds at any time. Create a Stoic account, connect your exchange using an API key with trading‑only permissions, choose a strategy, and start automated trading. You can stop anytime by revoking the API key on your exchange. Since the funds stay in your exchange wallet, you remain in control of deposits and withdrawals.
