Balancer is a decentralized exchange on Ethereum using liquidity pools and the BAL governance token for trading and rewarding liquidity providers.
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Launched in March 2020, Balancer is a decentralized exchange protocol built on the Ethereum blockchain. It operates as an automated market maker (AMM) that allows for token trading without an order book. Balancer creates liquidity pools managed by smart contracts, from which funds are used for trading. Initially, Balancer did not have its own native token, but later introduced the BAL governance token. This token enables holders to participate in protocol governance by voting on proposals and rewards liquidity providers. Inspired by UniSwap, Balancer utilizes an n-dimensional invariant model, accommodating multiple tokens in a single pool, unlike UniSwap’s two-token pools. It functions as a self-balancing weighted portfolio, price sensor, and liquidity provider. Users can earn rewards by c...
As of now, Balancer is trading at 1.2424 USD, with a 24-hour trading volume of approximately 616.67K USD. The BAL to USD price is updated in real time. Over the past 24 hours, Balancer has increased by 15.52%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 78.55M USD. Currently, there are 63 226 154.698557 BAL in circulation out of a maximum supply of 68 194 191.262106 BAL.
CMC.IO provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CMC.IO tracks community growth, open-source code development, major events and on-chain metrics.
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