Hermes Finance
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Protocol TVL
About Hermes Finance
One of The first algorithmic stablecoin on Avalanche C Chain, pegged to the price of 1 AVAX via seigniorage.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Hermes Finance tokenomics and on-chain capital
Hermes Finance's governance or utility token carries a market capitalisation of $2.9K based on circulating supply at the latest DeFiLlama snapshot.
Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.
Hermes Finance Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Jan 12, 2022Listed on DeFiLlama
Protocol Profile
Hermes Finance is a Algo-Stables issuance protocol — it mints stable units against collateral (crypto, RWA, or off-chain reserves) and uses redemption or rebalancing mechanisms to hold the peg. It is deployed on Avalanche.
TVL Distribution by Chain
TVL spans 2 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Official Resources & Links
Verified external resources for Hermes Finance — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Algo-Stables protocols on Mantapex
Hermes Finance is one of 7 Algo-Stables protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Frax, Mento V2, Generic.Money, and 3 more. These peer protocols collectively secure $86.8M in deposits, giving you a frame of reference for whether Hermes Finance's own TVL is at the top, middle, or tail of the category.
Recent Hermes Finance news
Latest reporting from major crypto news outlets covering Hermes Finance.
- Dailycoin
ANKR Coin: What Is a Web3 Infrastructure Provider?
ANKR Coin is one of the unsung heroes of the blockchain industry. While top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) enjoy the limelight and are applauded as the…
- Crypto Briefing
California regulators shut down Hermes Bitcoin ATMs over 14,000 violations
California's crackdown on Hermes Bitcoin ATMs underscores the critical need for stringent compliance in the burgeoning digital asset industry. California regulators shut down…
- Coinspeaker
Ethereum Flips Coca-Cola, Alibaba, and Hermes as Market Capitalization Soar Past $308 Billion
Ethereum added $700M in a week, pushing its market cap above Coca-Cola and Alibaba.
- CoinPedia
Pyth Network Price Feeds Go Down for Over Five Hours as DeFi Protocols Face Oracle Disruption
Pyth Network reported a significant outage on Thursday affecting its core price feeds and sponsored feeds, with the disruption running for more than five hours. The incident hit…
- Cryptopolitan
Heroes of Mavia (MAVIA) rallies after adding gaming features, signals Web3 games are still active
Heroes of Mavia (MAVIA) had an unexpected 375% pump out of nowhere. A short squeeze or speculative whales are a possible explanation as the ticker became the day's biggest gainer.
- CoinMarketCap
Heroes of Mavia Adjusts Token Unlock Schedule To Address Inflating Supply
Mobile strategy game Heroes of Mavia has made changes to its token unlock schedule in an effort to curb the rapid inflation of its Ethereum-based token.
- Invezz
Heroes of Mavia gains share in gaming ahead of a key update
Heroes of Mavia (MAVIA) token price has remained in a consolidation phase even after several important events in the ecosystem. The coin retreated to a low of $6.50 on Monday,…
- Decrypt
'Heroes of Mavia' Airdrops Token to 100,000 Gamers, Ethereum NFT Owners
After racking up over a million downloads in a matter of days, Skrice Studios has released the MAVIA token on Ethereum.
Related protocols
Other DeFi protocols connected to Hermes Finance by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Algo-Stables protocols
Top protocols on Avalanche
Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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