Balancer

BAL Price

What is Balancer?

Balancer is a DeFi protocol that provides permissionless technology to streamline AMM development for developers and empower liquidity providers with an ever-expanding DEX product suite.

This is made possible by unique ‘Vault’ architecture that formally defines the requirements of a custom pool and shifts core design patterns out of the pool into a separate ‘singleton contract’. With both internally developed pool types such as Weighted Pools, Boosted Pools, and LVR mitigating stableswaps, and also externally developed pools such as Elliptical Concentrated Liquidity, CoW AMMs, and FxPools, Balancer has arisen to be a focal source of fungible, yield-bearing, and MEV-mitigated liquidity.

Why is Balancer useful?

Balancer, unlike other AMMs with fixed pool types, Balancer allows permissionless iteration and complete reconstruction of pool designs. This unique flexibility empowers teams like Gyroscope, CoW Swap, and Xave to develop and deploy novel AMMs that are recognized by aggregators and seamlessly integrated and adopted within the DeFi landscape.

With the continuous addition of new custom pool types, such as ve8020 governance tokenomics, boosted pools, LVR mitigating stableswaps, CoW AMM MEV-mitigating pools, and passive, elliptical concentrated liquidity pools Balancer continues to play an ongoing and evolving role in the onchain liquidity landscape.

How does Balancer work?

The Balancer protocol architecture comprises three primary components (Router, Vault and Pool), each strategically designed to enhance flexibility and minimize the intricacies involved in constructing custom pools. Read more about Router, Vault and Pool here.

On top of the basic workflow, pools can be extended with standalone hooks contracts that can be leveraged at different stages of the pool's lifecycle. By utilizing hooks, developers can customize and enhance the functionality of pools, enabling the integration of features like oracles or time-weighted average market maker capabilities. See hooks article for more detailed information.

What is BAL?

BAL is the governance token of the Balancer protocol.

BAL holders participate in on-chain governance, where proposals are submitted and voted on by the community. Voting weight is proportional to BAL holdings. Governance decisions cover protocol upgrades, supported pool types, fee structures, chain deployments, and treasury allocations.

This gives BAL holders direct influence over the direction of the protocol and how its resources are deployed.

Where can you buy Balancer?

BAL tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade Balancer is Coinbase Exchange, where the most active trading pair BAL/USD has a trading volume of $9,433.49 in the last 24 hours. Other popular options include Balancer V2 and Paribu.

What is the daily trading volume of Balancer (BAL)?

The trading volume of Balancer (BAL) is $216,634.44 in the last 24 hours, representing a -3.20% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Balancer (BAL)?

Balancer (BAL) reached an all-time high of $74.45 and an all-time low of $0.08570. It’s now trading -99.80% below that peak and 40.30% above its lowest price.

What is the market cap of Balancer (BAL)?

Market capitalization of Balancer (BAL) is $8,399,823 and is ranked #1388 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of BAL tokens (70 Million tokens are tradable on the market today).

What is the fully diluted valuation of Balancer (BAL)?

The fully diluted valuation (FDV) of Balancer (BAL) is $8,705,475. This is a statistical representation of the maximum market cap, assuming the maximum number of 96 Million BAL tokens are in circulation today. Depending on how the emission schedule of BAL tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Balancer compare against its peers?

With a price increase of 8.20% in the last 7 days, Balancer (BAL) is underperforming the global cryptocurrency market which is up 10.30%, while outperforming when compared to similar Exchange-based Tokens cryptocurrencies which are up 2.40%.

How to add Balancer (BAL) to MetaMask?

Adding Balancer (BAL) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import BAL as a token. You can copy BAL’s contract address (0xba100000625a3754423978a60c9317c58a424e3d) and import it manually, or if you've installed MetaMask's chrome extension, add BAL to MetaMask with one click on CoinGecko.

Add BAL to MetaMask.