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Volume (24h)
$2,818,840
121 BTC 327.88%
Cryptocurrencies
35
Balancer (V2) (Polygon)
Decentralized Exchange
Volume: $2,818,840 Balancer (V2) (Polygon)

It is a quantitative metric calculating how many cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours on this specific crypto exchange. It's a direct supply & demand indicator of the exchange.

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It is a quantitative metric calculating how many cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours on this specific crypto exchange. It's a direct supply & demand indicator of the exchange.

Learn this metric

The total number of different crypto pairs that's available to be traded on this specific exchange.

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The total number of different crypto pairs that's available to be traded on this specific exchange.

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The total number of coins/tokens available to be traded on this specific exchange.

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The total number of coins/tokens available to be traded on this specific exchange.

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It is a quantitative metric in percentage describing how many cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours on this specific crypto exchange, compared to the previous 24 hours.

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Exchange Volume in BTC

The current exchange Volume Dominance among all other exchanges in the market.

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Exchange Market Rank

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Current volume of Balancer (V2) (Polygon) is $2,818,840

Balancer (V2) (Polygon) Social Signals & Traffic Tracker
Balancer (V2) (Polygon) twitter
Twitter Stats
Visit Twitter

Followers

5.98K

0.72%

Joined at Nov 11, 2007

Following

56

3.70%

Tweet count

906

0.33%

Balancer (V2) (Polygon) reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official Balancer (V2) (Polygon) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆

Balancer (V2) (Polygon) telegram
Telegram Stats

Members

-

Title

-

Currently, official Balancer (V2) (Polygon) Telegram Stats account doesn’t exist or wasn’t submitted. 🔆

Balancer (V2) (Polygon) traffic
Website Traffic
Visit Website

Website Rating (DR)

75 / 100

0.00%

Ahrefs Rank

36,809

7.46%

Organic Traffic (mo.)

3,533

0.31%

Balancer (V2) (Polygon) github
GitHub Organization

Public repos

-

Type

-

Currently, official Balancer (V2) (Polygon) GitHub Organization account doesn’t exist or wasn’t submitted. 🔆

Balancer (V2) (Polygon) github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official Balancer (V2) (Polygon) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆

Project's main Github metrics, like how many public repositories it has, the type of the account (organization or personal), and when was the GitHub account created. Stats are updated weekly.

Project's main GitHub public repository metrics, like the number of stars, watchers, forks, and the programming language used. Stats are updated weekly. If the project doesn't have a public repository, and only a private one, its metrics will not appear here.

Project's main Telegram metrics, like channel title & member count. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly.

Project's main Twitter metrics, like Follower count, how many accounts they are following, and how many Tweets the account has posted to date. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly. Below, you can see the Project's Twitter feed.

Project's main Reddit metrics, like Subreddit subscriber count, community type (public, restricted, private, premium-only), and the number of Subreddit moderators. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly. Below, you can also find Project Subreddit's most trending topics, updated daily.

Project's main Website traffic metrics, like Website Domain Authority, Ahrefs rank, and monthly Organic Traffic. The graph shows the dynamics of these metrics throughout recent months. Stats are updated monthly.

Followers: 5,983

Balancer (V2) (Polygon) Statistics

Balancer (V2) (Polygon) Volume
$2,818,839.75
Volume in BTC
121 BTC
Volume Change 24h
$9,242,411.77
327.88%
Cryptocurrencies
35
Markets
--
Market Dominance
0.00%
Market Rank
#77

Balancer (V2) (Polygon) Exchange Overview

Balancer (V2) (Polygon) is a Decentralized exchange that ranks #77 on BitDegree Exchange Tracker. Balancer (V2) (Polygon) has a trading volume of $2,818,840 in the last 24 hours and $136,972,078 in the last 7 days.

Balancer (V2) (Polygon) currently has 35 cryptocurrencies, 0 fiat currencies and markets (cryptocurrency trading pairs).

Compare Balancer (V2) (Polygon) side-by-side with other exchanges here: Exchange Comparison Tool.

Balancer V2 (Polygon) cryptocurrency exchange is a system that enables liquidity infrastructure for DeFi without relying on a central authority. Balancer aims to accelerate innovation in the DeFi market by providing customers with a dependable foundation for liquidity applications.

Other projects propose unique types of pools and decentralized financial applications using Balancer as a base. Traders may trade one token for another inside a Balancer Pool containing two or more tokens.

The liquidity providers deposit their tokens into the pools in order to get the exchange fees. Balancer crypto exchange incorporates significant features that reduce gas costs, boost capital efficiency, permit arbitrage with zero-token starting capital, and open the way to customized AMMs.

Besides, Balancer V2 (Polygon) is the upgraded version of Balancer V1 that resides on the Polygon network. Originally, Balancer V2 is based on Ethereum. The integration of Polygon brings various benefits to the Balancer exchange. This includes increased liquidity, popularity, and stability, as well as reduced fees.

Markets

The exchange allows Balancer spot trading and has over 305 markets. The most important balancer trading pairs include MATIC/MATICX, USDC/ETH, and MATIC/USDC. The trading pair MATIC/MATICX has the highest Balancer trade volume, which makes it the most popular. Besides, Balancer V2 (Polygon) cryptocurrency exchange supports only crypto-crypto trading.

The BAL token is the native Balancer token. It mainly acts as the exchange's governance token. Balancer V1, however, was released without a native token. BAL was only released in May 2020 with the V2 version of Balancer. Holders of BAL tokens may decide how protocol fees are spent and vote on any changes proposed by the Balancer community.

Balancer crypto fees include those incurred when making trades, withdrawing funds, or taking out a short-term loan. The Balancer exchange fees might range from 0.0001% to 10%.

Other Services

The core feature of the Balancer V2 (Polygon) cryptocurrency exchange is the Vault. Each Balancer pool's tokens are kept and managed by a separate smart contract. Likewise, most Balancer operations, including swaps, are initiated and completed at this entry point.

Balancer Protocol may take use of this pooled liquidity by providing Flash Loans, even if the Vault's consolidation of liquidity does not improve pricing on a per-pool basis. Flash Loans, pioneered by Aave, are short-term unsecured loans that must be repaid (together with interest) in the same transaction in which they were received. Any borrowed tokens are returned to the Vault and the transaction is rolled back if the strategy is unable to make the required repayments.

In terms of Balancer pools, they are effectively smart contracts that outline the process by which traders can swap between tokens on Balancer. Balancer Pools differ from those of other protocols in that they are completely versatile. Contrary to other exchanges that employ pools with predefined specifications, Balancer is capable of handling pools of any composition and underlying math. It has managed pools, boosted pools, weighted pools, composable stable pools, liquidity bootstrapping pools, and custom pools.

About the Company

In July 2021, the Balancer crypto exchange debuted on Polygon. Before merging with Polygon, as was noted above, Balancer was originally based on Ethereum.

The two platforms started a collaborative liquidity mining campaign with a total value of $10,000,000 to boost the initiative and attract clients.

Balancer Labs CEO and co-founder Fernando Martinelli spoke on the decision to use Polygon for Balancer, adding that it is one of the most popular Layer 2 alternatives for Ethereum.

The level of interest in Polygon and the quality of the service it delivers in terms of transactions have satisfied the organization. Incorporating Polygon's features and ensuring their proper operation has increased the project's stability.

Sandeep Nailwal, the co-founder of the Polygon platform, has expressed his delight with the enhancement, therefore the other side is also quite pleased. The goal of Balancer on Polygon is to entice players into the Balancer's multiplayer pools.

Fernando Martinelli has a degree in engineering, robotics and image processing, and international management. In the past, he worked at such companies as WEG, Airbus, NEO Empresarial, Areva, and so on. Besides, he also co-founded Cybercafe game, PrepLounge, and Brasil Mate.

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