Details about Balancer cryptocurrency
€204,329,367 ( 1.85302%)
€7,850,060
62,824,328
56,213,152
57.084
Unknown
https://balancer.finance/
@BalancerLabs
5845x
€21335.4
Balancer price charts
BAL exchanges
Balancer, the crypto
Balancer (BAL) is an Ethereum-based decentralized exchange (DEX) that operates on an automated market maker (AMM) system. It allows traders to create their own customized trading pairs and earn fees for providing liquidity.
The point
The main point of Balancer (BAL) is to provide a more flexible and efficient way for traders to exchange tokens on a decentralized exchange. Traders can create their own pools with customized weightings, which can lead to more efficient price discovery and a wider range of trading options.
The problem
Balancer (BAL) tries to solve the problem of liquidity fragmentation and high fees on traditional decentralized exchanges. By allowing traders to create their own pools, the platform aims to increase liquidity and reduce trading costs. Additionally, it enables smaller projects with lower trading volumes to list on the exchange without being overshadowed by larger projects.
Compare BAL and BTC performance
Timeframe | BAL | BTC |
---|---|---|
1h change | 0.481149 % | 0.109009 % |
24h change | 2.46 % | 2.18406 % |
7 day change | -15.82 % | -5.76209 % |
14 day change | -14.83 % | -3.00974 % |
30 day change | -12.39 % | 1.6345 % |
200 day change | 12.86 % | 125.613 % |
Year change | -39.49 % | 125.789 % |