Market Cap
$89,257,839.7
Fully Diluted Valuation
$137,327,494.7
24 Hour Trading Vol
$9,375,478.4
Circulating Supply
62,494,434.5
Total Supply
67,577,670.9
Max Supply
96,150,704.0
Balancer Price
$1.43
24h Range
$1.39 - $1.48
Percent Change 1h
1.03%
Percent Change 24h
-2.93%
Percent Change 7d
-1.75%
All-time high
$74.45
All-time low
$1.30
1D
7D
1M
1Y
All
Balancer (BAL) is a decentralized finance (DeFi) protocol that functions as an automated portfolio manager and liquidity provider. Launched in March 2020, it allows users to create or invest in liquidity pools that can maintain multiple tokens in varying ratios. Unlike traditional automated market makers (AMMs) that typically use a 50/50 ratio for assets, Balancer supports pools with up to eight different tokens, with customizable weights (e.g., 80/20 or 70/30). This flexibility enables users to earn fees from trading activities while maintaining a diversified portfolio. The native token, BAL, is used for governance, allowing holders to influence the protocol's development and parameters.
Balancer was co-founded by Fernando Martinelli and Nikolai Mushegian. Fernando Martinelli has a background in engineering and entrepreneurship, having worked on various blockchain projects before launching Balancer. Nikolai Mushegian, known for his work in the DeFi space, has also contributed to several other projects, including MakerDAO. Their collective expertise in software development and finance has been instrumental in shaping Balancer into a leading DeFi protocol.
Balancer operates as an AMM and allows users to create liquidity pools with multiple tokens. Here’s how it works:
Balancer has several notable use cases:
Ensuring the safety of your Balancer assets involves several key practices:
Investing in Balancer (BAL) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Balancer: Once your account is funded, you can purchase Balancer directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Balancer using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Balancer (BAL) is currently trading at $1.43 and exhibits good potential for future growth. Check the latest Balancer (BAL) price prediction.
Recent Big Transactions
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