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Hermez Network (HEZ)HEZ
$3.7290
1.41%
Hermez Network (HEZ)
HEZ Price
$3.7290
1.41%
Rank
#462
Market Cap (24H)
$22.41M
1.41%
Volume (24H)
$95,978
-0.83%
Circulating Supply
6,008,552
Transp. Vol.
Grade
1H1D1W1M1Y
+1.41%
Hermez Network logo
HEZ
United States Dollar logo
USD
ETH0xeef9f...4438dee
ETH
Verify address & DYOR
Contract
ETH0xeef9f...4438dee
ETH
Verify address w/ multiple resources & DYOR
Blockchain
Websitehttps://hermez.io/
CommunityTwitterRedditTelegramDiscordGithubLinkedIn
Hermez is a decentralized zk-rollup which allows for scaling payments and token transfers on top of the Ethereum public ...Read more

Hermez Network Price (HEZ)

HEZ Daily Performance

Today's Hermez Network price is $3.7290, which is up 1% over the last 24 hours. Hermez Network's market cap is $22.41M. 24 hour HEZ volume is $95,978. It has a market cap rank of 462 with a circulating supply of 6,008,552 and max supply of 51,932,368. Hermez Network is traded on exchanges. Hermez Network had an all-time high of $10.19 8 months ago. Over the last day, Hermez Network has had 0% transparent volume and has been trading on 23 active markets with its highest volume trading pairs being .

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Hermez Network Statistics

Hermez Network Price (24hr)$3.7290 (+1.41%)
Market Cap$22.41M (+1.41%)
Trading Volume (24hr)$95,978 (-0.83%)
Transparent Vol. (24hr)
Unknown
Transparency GradeUnknown
Circulating Supply6,008,552 (11.57%)
All-Time High
$10.19-63.41%
12/26/2021 (8 months ago)
7D Price Prediction
N/A

Price

$3.7290
Price Change
$0.051854 (1.41%)

All-Time High

$10.19
Date of ATH12/26/2021
Days Since ATH230
% of ATH36.59%
Price vs ATH

Market Cap

$22.41M
Mkt Cap Change
$311,567$311,567 (1.41%)
Mkt Cap Rank462
Mkt Dominance
Mkt Dominance

Circulating Supply

6,008,552
Max Supply51,932,368
% in Circulation11.57%
% in Circulation

About Hermez Network

Hermez is a decentralized zk-rollup which allows for scaling payments and token transfers on top of the Ethereum public blockchain.

Hermez is designed with high-frequency tokens like ETH, DAI, Tether, and wBTC in mind. Hermez uses the Ethereum public blockchain for data storage instead of computation, handling data availability on-chain but computation off-chain.

Additionally, utilizing zero-knowledge proofs attaches an easily verifiable on-chain proof that the off-chain computations have been carried out correctly. Since both the data and zero-knowledge proof are available on-chain, Hermez relies on the same security assumptions as Ethereum. This means Hermez is as censorship-resistant as Ethereum.

One of Hermez's most important features is how the protocol decides who the next rollup batch creator should be. Hermez integrates an auction among users that want to become a coordinator, the batch creator in the Hermez ecosystem.

Coordinators bid the number of HEZ tokens they are willing to donate to obtain the right to create the next batch. The winning bid is the highest amount of tokens, and this address is assigned the right to create the next batch.

In the Hermez Network, this mechanism is referred to as Proof-of-donation. With Proof-of-donation, 40% of each bid goes back to Ethereum Layer 1 as a donation. 30% gets burnt, increasing the overall value of the whole token holders. The other 30% gets distributed among the network participants to reward users.

A novel technical feature is Hermez's Massive Migration mechanism. With Massive Migrations (MM), users will be able to deal with external L1 smart contracts in the same way that they transfer tokens to another Layer 2 network user.

Hermez is being built by the team who built the Circom and SnarkJS libraries that power Tornado Cash, Semaphore, and Zkopru. Jordi Baylina, Hermez’s Technical Lead, created the Circom language to implement zero-knowledge circuit compilation.

As a proud member of the open-source community, Hermez has published its smart contracts and Circom circuits on Github and invites all developers in the world to contribute to the project.

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Hermez Network Markets

(Top 10)
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Hermez Network Historical Data

(Past 7 Days)
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Frequently Asked Questions

  • What’s the current Hermez Network price? How much is 1 Hermez Network worth?

    The price of 1 Hermez Network is $3.7290. Over the last 24 hours, a Hermez Network is worth 1.41% more. Visit our currency converter page to convert HEZ prices to currencies other than USD.
  • When did Hermez Network start?

    The earliest trading data for Hermez Network is on October of 2020 (based on current exchange data).
  • How high can the Hermez Network price go?

    Hermez Network’s price has gone as high as $10.19 (which is HEZ’s all-time high). It achieved this price 8 months ago. Speculations abound for how high Hermez Network’s price will get in the future.
  • What's the smart contract address for Hermez Network?

    Hermez Network's smart contract address is 0xeef9f339514298c6a857efcfc1a762af84438dee.

Today's HEZ / Hermez Network News for August 13, 2022

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