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View ChartHermes Protocol is a decentralized exchange platform built on the METIS network that integrates trading of both volatile and stable assets within a single interface. Launched on March 10, 2022, the protocol combines elements from prominent DeFi platforms to deliver a comprehensive trading solution for cryptocurrency users. It aims to provide a seamless and efficient experience by leveraging the strengths of existing DeFi solutions to serve diverse user needs.
Hermes is a non-custodial protocol in the Metis ecosystem: the Hermes developers do not have access to users' tokens.
The protocol places strong emphasis on security and reliability, particularly in data services. It employs built-in oracles, is prepared for zero-knowledge proofs, and utilizes a sophisticated architecture involving ecological parachains, scanners, aggregators, and verification nodes overseen by a Reputation Committee. HERMES is an ERC20 token built on METIS with a maximum supply of 100 million tokens.
Hermes Protocol is developed by the MaiaDAO team; its source code is published at github.com/MaiaDao and its documentation at v2-docs.maiadao.io. Individual founder identities are not specified in the project's public materials.
Hermes Protocol operates as a decentralized exchange that integrates trading of volatile and stable assets within a unified interface. The protocol leverages built-in oracles to connect blockchain data with external sources, facilitating secure and reliable data transfer between the on-chain environment and real-world information. It is also prepared for zero-knowledge proofs, a cryptographic method that allows one party to verify a statement's validity without revealing additional information.
Unlike order-book exchanges that match a buyer and a seller, Hermes uses liquidity pools similar to Uniswap; it relies on liquidity providers who deposit tokens and are rewarded for doing so.
The protocol's architecture involves ecological parachains, scanners, aggregators, and verification nodes, all overseen by a Reputation Committee. Security strategies include the use of distributed data sources and oracles to prevent problematic nodes, ensuring the accuracy and integrity of data within the ecosystem. This structure supports the protocol's function as a parallel chain or thread that facilitates interactions and transactions across connected networks.
Hermes Protocol distinguishes itself through its integration of multiple DeFi elements into a single platform, combining volatile and stable asset trading with a strong emphasis on data security and reliability. The protocol's use of ecological parachains, scanners, aggregators, and verification nodes overseen by a Reputation Committee creates a structured approach to maintaining data accuracy and integrity. Its preparation for zero-knowledge proofs adds an additional layer of privacy and security capability.
Beyond its DEX role, the protocol functions as a Web3 notification platform delivering critical alerts such as liquidations and governance polls through users' preferred social channels.
HERMES serves as the native token of the Hermes Protocol ecosystem. The token facilitates trading activities within the decentralized exchange platform, which supports both volatile and stable assets in a single interface. As an ERC20 token built on METIS, HERMES operates within the protocol's broader infrastructure that includes oracles, parachains, scanners, aggregators, and verification nodes.
HERMES is a governance and utility token. Liquidity providers receive HERMES for supplying liquidity to Hermes pools, and holders can participate in protocol governance.
The token is integral to the protocol's operations as a decentralized exchange and Web3 notification platform. Users can engage with the ecosystem through trading activities, and the token supports the protocol's function of delivering transactional alerts and notifications via preferred social channels and wallets. The protocol's design allows users to receive essential notifications while maintaining privacy and enjoying optimal deliverability through a free-to-use interface.
Hermes DEX supports trading of volatile assets and stablecoins through liquidity pools, and is deployed on Metis Andromeda and Arbitrum.
HERMES is also deployed on Arbitrum, where the current contract is 0x45940000009600102A1c002F0097C4A500fa00AB.
Hermes Protocol does not employ a traditional mining mechanism. HERMES is an ERC20 token built on the METIS network, and the protocol operates as a decentralized exchange platform. Token acquisition occurs through trading activities on supported venues rather than through mining. The protocol's infrastructure includes verification nodes and a Reputation Committee that oversee data integrity. HERMES is not mined. It is distributed as rewards to liquidity providers who supply tokens to Hermes liquidity pools, and it also functions as a governance token for protocol voting. Users interested in acquiring HERMES typically do so through exchanges where the token is listed. The protocol's focus remains on providing trading and notification services rather than proof-of-work mining.
To keep your HERMES tokens secure, store them in a reputable wallet that supports ERC20 tokens on the METIS network. Hardware wallets provide an additional layer of security by keeping private keys offline and protected from online threats. Always verify the official contract address before conducting any transactions to avoid interacting with counterfeit tokens.
Enable two-factor authentication on any exchange accounts used to trade HERMES, and use strong, unique passwords for all cryptocurrency-related accounts. Be cautious of phishing attempts and unsolicited messages requesting private keys or wallet credentials. Since Hermes Protocol has undergone a contract migration, ensure you are interacting with the current, official contract address. Regularly update your wallet software and stay informed through the project's official channels for any security announcements or updates.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for HERMES are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Hermes Protocol (HERMES) is $0.000147. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated HERMES to USD rate at the top of BTCC’s price page. In terms of market scope, Hermes Protocol records a 24h trading volume of $0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $0. Its current circulating supply stands at -- out of a maximum supply cap of 100M.
The price volatility of Hermes Protocol (HERMES) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (--) to max supply (100M), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Hermes Protocol (HERMES) hit an all-time high (ATH) of $57.495182 on 2024-05-07 10:00, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.000002980484368960.052980 on 2026-08-30 10:20. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading HERMES futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s HERMESUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Hermes Protocol, simply log into your BTCC account with USDT margin available, navigate to the HERMESUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for HERMESUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.000147), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for HERMESUSDT with zero financial risk.
Trading Hermes Protocol (HERMES) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for HERMESUSDT, and review its live price ($0.000147) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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