BAL
BAL

Balancer price

$1.9970
-$0.00800
(-0.40%)
Price change from 00:00 UTC until now
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Market info
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Balancer market info

Market cap
Market cap is calculated by multiplying the circulating supply with its latest price. Market cap = Circulating supply × Last price
Circulating supply
The amount of this crypto that is publicly available in the market
Market cap ranking
The asset’s ranking in terms of market cap value
All-time high
The historically highest price an asset has reached during its trading history
Market cap
$121.18M
Circulating supply
60,680,803 BAL
Market cap ranking
--
24h high
$2.0370
24h low
$1.9660
All-time high
$75.0100

BAL calculator

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BALBAL

Balancer price performance in USD

The current price of Balancer is $1.9960. Since 00:00 UTC, Balancer has decreased by -0.40%. It currently has a circulating supply of 60,680,803 BAL and a maximum supply of 96,150,704 BAL, giving it a fully diluted market cap of $121.18M. At present, Balancer holds the 0 position in market cap rankings. The Balancer/USD price is updated in real-time.
Today
-$0.00800
-0.40%
7 days
$0.14100
+7.60%
30 days
$0.072000
+3.74%
3 months
$0.063000
+3.25%

About Balancer (BAL)

3.8/5
Certik
4.3
10/30/2024
CyberScope
3.9
10/31/2024
TokenInsight
3.2
09/08/2023
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. 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, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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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.

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Socials

Posts
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 1.3K new posts about Balancer, driven by 361 contributors, and total online engagement reached 326K social interactions. The sentiment score for Balancer currently stands at 92%. Compared to all cryptocurrencies, post volume for Balancer currently ranks at 2039. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Balancer.
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Posts
1,289
Contributors
361
Interactions
326,407
Sentiment
92%
Volume rank
#2039

X

Posts
1,027
Interactions
211,762
Sentiment
97%

BAL FAQ

What is Balancer (BAL)

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.

What are the benefits of using Balancer?

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.

What is the BAL price prediction?
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.
How much is Balancer worth today?
Currently, one Balancer is worth $1.9960. 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.
What is cryptocurrency?
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.
When was cryptocurrency invented?
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.
Disclaimer
The content on this platform ("Content"), is sourced from external parties and sources not affiliated with OKX. OKX does not endorse or guarantee the accuracy, reliability, or suitability of the Content , and we are not responsible or liable for any errors, delays, or inaccuracies. The Content, including any external links, are for general informational purposes only and is not intended to provide (i) investment advice; (ii) a recommendation, offer, or solicitation to buy, sell, or hold any crypto asset or to engage in any specific trading strategy; or (iii) investment, financial, accounting, legal, or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, and their value can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult a legal, tax, and/or investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning.
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BAL calculator

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