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Balancer BAL

Balancer Price (BAL)
$3.95
2.21% Buy BAL Now

0.0010 ETH

0.0000581 BTC

Buy BAL Now
Low: $3.95
High: $4.06
24h
Market Cap
$225,337,909
2.21%
Fully Diluted Market Cap
$379,684,164
2.21%
Volume
24h
$6,591,118
6.33%
Volume / Market Cap
0.0292
Circulating Supply
57,084,145 BAL
59.37%
Max Supply
96,150,704
Total Supply
63,420,320

Balancer (BAL) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

0.07%

Joined at Nov 11, 2007

Following

54

0.00%

Tweet count

904

0.00%

Balancer reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official Balancer (BAL) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆 Submit Now

Balancer telegram
Telegram Stats

Members

-

Title

-

Currently, official Balancer (BAL) Telegram Stats account doesn’t exist or wasn’t submitted. 🔆 Submit Now

Balancer traffic
Website Traffic
Visit Website

Website Rating (DR)

70 / 100

0.00%

Ahrefs Rank

112,948

4.61%

Organic Traffic (mo.)

0

Balancer github
GitHub Organization
Visit GitHub

Public repos

Created at Mar 01, 2023

Type

Organization

Balancer github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official Balancer (BAL) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆 Submit Now

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 9,398


Live BAL Price Analysis

The current real time Balancer price is $3.95, and its trading volume is $6,591,118 in the last 24 hours. BAL price has plummeted by 2.21% in the last day, and decreased by 0.62% in the last 7 days. It’s important to note that current Balancer market capitalization is $225,337,909, and the maximum supply is 96,150,704 BAL coins. Talking about circulating supply, BAL has 57,084,145 coins. Currently, Balancer rank on the market is #227.

Balancer price today is 94.72% below all time high, and it is 269.47% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling BAL are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is Balancer (BAL)?

BAL is the governance token of Balancer, which is an Ethereum-based automated market maker (AMM). The Balancer price chart above displays the current BAL price. An AMM essentially is an autonomous protocol that provides decentralized exchanges (DEXs) with liquidity pools. Therefore, primarily, Balancer is a liquidity provider. Users can create their own Balancer liquidity pools or contribute to the ones that already exist.

However, Balancer can also be employed to find the most competitive rates in order to make crypto trades at the best prices through the Smart Order Router (SOR). In addition to that, Balancer also allows users to create self-balancing index funds.

Getting back to the concept of liquidity pools, Balancer offers a variety of different pools including Weighted pools, Stable pools, MetaStable pools, Liquidity Bootstrapping pools, and Managed pools.

Though looking at bigger categories, there are three main types of pools offered by Balancer – private, smart, and shared. Private pools have an owner who is the only source of liquidity for that pool and who has full control over it. Smart pools are also like private pools, the only difference is that they are run by a smart contract. However, shared pools, unlike private or smart pools, have several liquidity providers.

There are a few features that make Balancer pools differ from the pools of other AMMs:

  • Balancer pools are self-weighted, which means that they are able to modify themselves based on price changes.
  • Liquidity providers can add up to eight assets to each liquidity pool.
  • Balancer users can deposit as much of a supported asset as they want.
  • Balancer users can profit from arbitrage and slippage reduction to produce high returns on low-demand assets.
  • Some Balancer pools have oracle functionality. This allows them to act as price sensors for the pool tokens.

So, how exactly does a Balancer liquidity pool work? Every token in a liquidity pool has its own weight. Balancer modifies these weights if needed to keep the value of the pool stable. Whenever the prices of certain assets change, the proportions of the assets kept in the pool are rebalanced. Besides, with each trade that is made in a pool, a fee for the pool owner is generated.

The Founders of Balancer

The Balancer crypto project was founded by Balancer Labs in 2020. The founders of Balancer Labs are Fernando Martinelli and Mike McDonald.

Fernando Martinelli is an entrepreneur with a degree in robotics and image science as well as international management. Apart from founding Balancer, he also co-founded such projects as the Cybercafé game, PrepLounge, and Brasil Mate.

Mike McDonald is a security engineer. Besides Balancer, Mike also founded MKR.tools, which is a MakerDAO data analytics platform.

Even though Balancer was co-founded in 2020, the whole concept of Balancer was initiated in 2018 as a research program at BlockScience.

Use Cases of BAL Tokens

The primary purpose of BAL tokens is governance. This means that Balancer token holders are able to vote on various decisions considering the future development of the Balancer crypto project. Though besides that, BAL tokens are also used to reward Balancer liquidity providers. Don't forget to view the Balancer price chart above if you're interested in the live BAL price.

Tokenomics of BAL

Initially, 100 million BAL tokens were created. 65% of the tokens were dedicated to liquidity provider rewards with the plan to release 145 thousand tokens each week. The remaining portion was dedicated to the team, core developers, investors, advisors, the Balancer ecosystem fund, and the fundraising fund.

Be aware that the BAL price is subject to change if you're going to purchase Balancer tokens. This occurs because the volatility of the entire crypto market essentially impacts the Balancer price. In fact, it's just like it is the case with the pricing of other crypto assets.

What's Balancer trading volume in the last 24 hours?

BAL has a trading volume of $6,591,118 in the last 24 hours.

What's Balancer highest price ever?

BAL has a highest price of $74.77, which was reached on May 04, 2021 (3 years 3 weeks ago).

What's Balancer lowest price ever?

BAL has a lowest price of $1.07, which was reached on Dec 11, 2022 (1 year 5 months ago).

What are the best exchanges for buying and selling BAL?

Currently, the most active and dominating exchanges for buying and selling Balancer are Binance, Kraken & Kucoin. The most popular Balancer trading pairs are BAL/USDT (on WhiteBIT ), BAL/USDT (on Binance ), BAL/USDT (on Huobi Global ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping BAL?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Balancer. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Balancer project's Circulating Supply has been verified and is equal to:

Circulating Supply

57,084,145 BAL

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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