Balancer price

in USD
$1.2980
-$0.10830 (-7.71%)
USD
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Market cap
$84.04M
Circulating supply
64.58M / 96.15M
All-time high
$75.0100
24h volume
$10.87M
3.6 / 5

About Balancer

DeFi
Official website
Github
Block explorer
CertiK
Last audit: Jun 21, 2022, (UTC+8)

Balancer’s price performance

Past year
-52.77%
$2.7480
3 months
+32.55%
$0.97920
30 days
+31.74%
$0.98520
7 days
+6.62%
$1.2174
86%
Buying
Updated hourly.
More people are buying BAL than selling on OKX

Balancer on socials

Ryan Berckmans
Ryan Berckmans
"ePBS may significantly increase the rate of empty blocks on Ethereum" > having the option to invalidate the block after eight seconds changes the kind of blocks that builders will build and the option will exercised much more often than naive extrapolation from current data would suggest. > a major risk that ePBS introduces: the Free Option Problem. By shifting data availability from relays to builders, the winning builder gains the ability to cancel a payload several seconds after winning by withholding blob commitments. This opens the door for searchers to bribe builders into reversing unfavorable trades.
Hasu⚡️🤖
Hasu⚡️🤖
I partnered with @Data_Always to provide our MEV perspective on the Glamsterdam upgrade. TLDR: While BALs are uncontroversially good for the EL, there is no standout candidate for the CL. Every option has clear pros & cons, some of which surprised us.
4.22K
28
Renzo
Renzo
1/ The institutions have arrived, and Renzo is being chosen as their trusted partner 🤌 Built on Ethereum, Renzo's $ezETH is the most complete solution for integrating staking, restaking, and deploying capital into DeFi 🥇 Security First 🏦 Run on the highest quality Institutional Operators 🥞 Auto compounding all rewards for favorable tax treatment 💙 All your favorite blue chip DeFi integrations
12.56K
29
NG
NG
Originally, I wanted to finish a piece on Galaxy Digital in one go, but upon looking, besides the prospectus for its transition to NASDAQ, there’s also a new stock issuance prospectus dated 5/16. This is really overwhelming. Let’s break it into two parts; first, let’s discuss the bald boss and the past life of GLXY.
Show original
2.59K
0

Guides

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Balancer FAQ

Balancer (BAL) is an automated market maker (AMM) designed to function as a self-balancing weighted portfolio, providing users with specific key properties. Additionally, it serves as a price sensor, allowing users to collect fees for providing liquidity instead of paying them to portfolio managers.

Utilizing Balancer offers a range of benefits for all participants involved. Traders gain access to liquidity, liquidity providers receive rewards, and the crypto industry progresses toward greater decentralization.

While it’s challenging to predict the exact future price of BAL, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
Currently, one Balancer is worth $1.2980. For answers and insight into Balancer's price action, you're in the right place. Explore the latest Balancer charts and trade responsibly with OKX.
Cryptocurrencies, such as Balancer, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Balancer have been created as well.
Check out our Balancer price prediction page to forecast future prices and determine your price targets.

Dive deeper into Balancer

The crypto industry dedicated significant time to solving the challenge of creating decentralized exchanges (DEXs) as an alternative to centralized platforms. However, initial DEXs faced issues with limited liquidity, which hindered user adoption. This changed with the advent of automated market makers (AMMs), providing DEXes with a more robust solution. Balancer, a popular project, is an example of an AMM successfully addressing liquidity challenges in the industry today.

What is Balancer?

Balancer is an AMM built on the Ethereum blockchain. Launched in March 2020, it raised $3 million through a seed round. Like other AMMs, Balancer offers its own liquidity pools where users can deposit tokens. By contributing liquidity to these pools, users become liquidity providers (LPs), and their assets are utilized for executing transactions on exchanges. LPs receive rewards in exchange for their participation, making it an incentivized and beneficial role.

The Balancer project team

Fernando Martinelli and Mike McDonald founded Balancer. The project originated as a research program within BlockScience, a software company, in 2018 before evolving into its current form. Before Balancer, Martinelli had a background as a serial entrepreneur and was actively involved in the Maker community. McDonald assumed the role of CTO at Balancer, leveraging his experience as a security engineer and the creator of mkr.tools.

How does Balancer work?

Balancer operates as a self-balancing weighted portfolio, serving as an LP and a price sensor. It allows users to generate profits through its native cryptocurrency, BAL. To participate, users contribute to the project's customizable liquidity pools. Three types of pools are available: private, shared, and smart. 

Private pools grant ownership and governance to the pool creator, while shared pools are designed for LPs. Smart pools function similarly to private pools but are controlled by smart contracts. Users earn rewards in the form of Balancer Pool Tokens (BPTs).

Balancer native token: BAL token

The native cryptocurrency of the Balancer project is BAL. Although it was not initially introduced at the project's launch, BAL was created in June 2020 to function as the project's governance token. This decision was influenced by the success of Compound's COMP token. 

Currently, BAL enhances decentralization and serves as a motivating factor for LPs. The maximum BAL supply is 96.1 million tokens, with a total supply of 57.6 million units. As of June 2023, the circulating supply of BAL is 49.95 million tokens.

BAL token use cases

As a governance token, BAL holds primary use cases within the Balancer ecosystem. It enables token holders to participate in decision-making by voting on proposals and shaping the platform's future.

Apart from its governance role, BAL can be used for trading and purchasing, provided entities are willing to accept it. Furthermore, users can stake BAL to earn rewards and provide liquidity in Balancer's pools, further enhancing the token's utility within the ecosystem.

Balancer token distribution

Balancer token (BAL) distribution is as follows:

  • Twenty-five percent was reserved for the team, core developers, investors, and advisors.
  • Five percent was allocated to the Balancer Ecosystem Fund for incentives and partners.
  • Five percent was allocated to the fundraising fund.
  • Liquidity providers will mine the remaining tokens.

The importance of AMMs

AMMs, including Balancer, hold significant importance in the crypto industry as they facilitate the existence and operation of DEXes. By offering liquidity, AMMs contribute to advancing the industry's goal of achieving complete decentralization.

Furthermore, AMMs provide traders with an alternative to centralized exchanges (CEXs), allowing them to engage in decentralized trading. Additionally, LPs can earn passive income by supplying liquidity to AMMs. The project's ability to benefit all parties involved is among its greatest strengths.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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Market cap
$84.04M
Circulating supply
64.58M / 96.15M
All-time high
$75.0100
24h volume
$10.87M
3.6 / 5
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