Balancer (BAL)

2.94 %

Market Cap

The total market value of a cryptocurrency's circulating supply. It is analogous to the free-float capitalization in the stock market.

Market Cap = Current Price x Circulating Supply.

24 Hour Trading Vol

A measure of how much of a cryptocurrency was traded in the last 24 hours.

33842310>
Fully Diluted Valuation

The market cap if the max supply was in circulation.

Fully-diluted market cap (FDMC) = price x max supply. If max supply is null, FDMC = price x total supply. if max supply and total supply are infinite or not available, fully-diluted market cap shows - -.

674285214>T
Circulating

The amount of coins that are circulating in the market and are in public hands. It is analogous to the flowing shares in the stock market.

39,202,557.00
Total Supply

The amount of coins that have been already created, minus any coins that have been burned. It is analogous to the outstanding shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, total supply shows - -.

55,173,276.23
Max Supply

The maximum amount of coins that will ever exist in the lifetime of the cryptocurrency. It is analogous to the fully diluted shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, max supply shows - -.

96,150,704.00
Week Month Year All Time
High

Jan 19 2023

6.355079294868
10.15%

Jan 17 2023

6.734407135279
3.94%

Apr 09 2022

20.256010714012
-65.44%

May 04 2021

-90.58%
Low

Jan 19 2023

6.355079294868
10.15%

Jan 08 2023

5.344888086205
30.97%

Jun 19 2022

3.955827973256
76.95%

Jun 19 2022

91.82%

Market

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Balancer
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Coin Info

Balancer is an automated market maker (AMM) that was built on the Ethereum blockchain and went live in March 2020. Placeholder and Accomplice helped it get a $3 million seed round. Balancer protocol works as a price sensor, a liquidity provider, and a self-balancing weighted portfolio. It lets users make money by contributing to liquidity pools that they can customise with its recently released token, $BAL.

Several kinds of pools are run by the protocol:

  • Private pools are run by the person who owns them, and that person is the only one who puts money into the pool. Also, the owner can change any of the parameters.

  • People who want to become liquidity providers use shared pools (LPs). Balancer Pool Tokens are given to the LPs as a reward (BPTs).

  • Smart pools are like private pools, but a smart contract controls how they are used. They also give out BPTs as rewards and let anyone add money to the pool.

Balancer Lab was started by Fernando Martinelli and Mike McDonald, but it began as a research programme at a software company called "BlockScience" in 2018. The Balancer project is made up of smart, like-minded people who know a lot about the DeFi space.

To know more about the Balancer price prediction, install the top cryptocurrency app CoinGabbar today!

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