Hermes Protocol (HERMES) — price, overview & secure storage
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Last Updated on May 31, 2026 09:29 AM
What is Hermes Protocol? Complete guide to HERMES
What is Hermes Protocol and who created it?
Hermes Protocol is a decentralized-exchange-dex/">decentralized exchange (DEX) designed to facilitate the exchange of both volatile assets and stablecoins with low fees and minimal slippage. Unlike traditional exchanges that match buyers and sellers, Hermes utilizes liquidity pools similar to Uniswap. This custodial/">non-custodial platform ensures that developers do not have access to users' tokens, providing a secure trading environment.
Key features of Hermes Protocol blockchain
Hermes Protocol stands out due to its focus on stablecoin exchanges, addressing the growing need for seamless transitions between different stablecoins like DAI, USDC, and others. Centralized exchanges often impose high fees, making Hermes an attractive alternative with its low fees and slippage. Additionally, Hermes supports swaps involving volatile assets, broadening its utility.
How Hermes Protocol transactions work
Launched in February 2022, Hermes Protocol began emissions in March 2022. The platform is evolving with plans to introduce Yield and Concentrated Unified Liquidity Omnichain Marketplaces. Hermes V2 aims to enhance capital efficiency and user experience by offering a bridge-less omnichain environment, decentralized Uniswap V3 liquidity management, and liquidity incentives. The Hermes token, when staked for veHermes, empowers liquidity providers to influence platform decisions, such as adding new gauges and voting on token emissions.
Wallet for Hermes Protocol
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Similar cryptocurrencies to Hermes Protocol (HERMES)
| Asset | 24h % | Market cap | |
|---|---|---|---|
 BitcoinBTC | $73,840.16 | 0.50% | $1.48T |
 EthereumETH | $2,023.56 | 0.49% | $0.24T |
 TetherUSDT | $0.9985 | -0.03% | $0.19T |
 BNBBNB | $723.57 | 7.73% | $97.54B |
 XRPXRP | $1.34 | -0.34% | $82.89B |
Frequently asked questions about Hermes Protocol (HERMES)
- Hermes Protocol is a crypto asset running on its own blockchain. It supports peer-to-peer transactions and offers features shaped by the project’s technical framework.
- Hermes Protocol offers efficient transactions, strong network security, and support for decentralized applications. Its design aims to provide a reliable user experience.
- Yes, both names point to the same token. HERMES is just the shorthand symbol used for market and wallet displays.
- You can buy Hermes Protocol using on-ramp services available in Tangem Wallet or exchanges. After purchasing on an exchange, you can transfer it to your Tangem Wallet.
- For long-term safety, move Hermes Protocol to a hardware wallet like Tangem, which protects your keys from remote access and malware.
- Hermes Protocol isa decentralized exchange platform that integrates the trading of both volatile and stable assets, offering a comprehensive solution for users in the cryptocurrency ecosystem.
How to store Hermes Protocol securely with a hardware wallet
Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.
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Get the Tangem Wallet and take control of your assets with just one tap. It's perfect for anyone new to crypto and offers a great experience for more experienced users too.
Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
Discover the power of crypto. Manage crypto with balance tracking, secure transactions, and direct purchases or swaps through Tangem Wallet.
Why Tangem is a trusted Hermes Protocol hardware wallet
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Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
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