---
title: "Hermes Protocol (HERMES) price, heat score and market data"
symbol: "HERMES"
name: "Hermes Protocol"
coingecko_id: "hermes-protocol"
canonical: https://crypheat.com/c/hermes-protocol.html
robots: index, follow
heat_score: "5"
heat_band: "COLD"
market_cap_rank: "7814"
price_as_of: "2026-08-14"
last_updated: "2026-08-14"
source: "CoinGecko / DefiLlama / alternative.me"
tier: free
disclaimer: "Information only; not investment advice or a recommendation to trade"
---

# Hermes Protocol (HERMES)

Hermes Protocol (HERMES) trades at $0.00019851, down 24.1% over the past 30 days. Its market cap — supply times price — is $31,989, the 7814-largest in crypto. Over a year it is -90% (down), and it sits -100% from its all-time high. On tradability, the book is thin, so incoming money moves the price easily. Taken together, the overall heat score is 5 (COLD). A higher number means more of the conditions for a rally are in place — it is not a price forecast.

Last updated 2026-08-14 · Price $0.00019851 (as of 2026-08-14)

Heat score: **5** (COLD) — a deterministic 0–100 read on how many of the conditions for a move are in place. Not a price forecast.

## Market data (as of 2026-08-14)

| Metric | Value |
| --- | --- |
| Price | $0.00019851 |
| Market cap | $31,989 (rank #7814) |
| 24h volume | $15 |
| Circulating supply | 161,147,718 HERMES (about 30% of total supply) |
| Total supply | 539,010,497 HERMES |
| Change from all-time high | -99.9% |

## What is Hermes Protocol

What is the project about?
Hermes DEX main goal is to let users and other decentralized protocols exchange both volatile assets (DAI to WETH for example) and stablecoins (DAI to USDC for example) through it with low fees and low slippage. Unlike exchanges out there that match a buyer and a seller, the behavior of Hermes is different, it uses liquidity pools like Uniswap. To achieve this, Hermes needs liquidity (tokens) which is rewarded by those who provide it.
Hermes is non-custodial meaning the Hermes developers do not have access to your tokens.

What makes your project unique?
Stable coins have become an inherent part of cryptocurrency for a long time but they now come in many different flavors (DAI, TUSD, MIM, BUSD, USDC and so on) which means there is a much bigger need for crypto users to move from a stable coin to another. Centralized exchanges tend to have high fees which are problematic for those trying to move from a stable coin to another. As a result, Hermes Protocol has become the best place to exchange stable coins because of its low fees and low slippage. And Hermes also allows swaps with volatile assets.

History of your project.
Hermes Protocol officially launched in February 2022 and started emissions in March 2022.

What’s next for your project?
Introducing Yield and Concentrated Unified Liquidity Omnichain Marketplaces.
Hermes V2 will offer multiple defi services compared to V1, while improving capital efficiency and user experience:

## Frequently asked questions

### What is Hermes Protocol (HERMES)?

What is the project about? Hermes DEX main goal is to let users and other decentralized protocols exchange both volatile assets (DAI to WETH for example) and stablecoins (DAI to USDC for example) through it with low fees and low slippage. Read more →

### What is the current price of Hermes Protocol (HERMES)?

$0.00019851 as of 2026-08-14. The price moves daily, and this page is rebuilt every day.

### What is the market cap of Hermes Protocol (HERMES)?

About $31,989 as of 2026-08-14, which ranks #7814 across all crypto assets.

### What is Hermes Protocol's heat score, and what does it mean?

The heat score is 5 (COLD) as of 2026-08-14. It is our own 0–100 measure of how many of the conditions a rally needs — momentum, tradable volume, light supply and a supportive market — are currently in place. It is not a price forecast. The model multiplies its factors, so a single missing condition holds the whole score down.

### What is the supply of Hermes Protocol (HERMES)?

As of 2026-08-14, 161,147,718 HERMES is in circulation out of a total supply of 539,010,497 HERMES — about 30%. The remainder may reach the market through future unlocks.

### What is the all-time high for Hermes Protocol (HERMES)?

The all-time high on record as of 2026-08-14 is $0.241923.The price is $0.00019851 today, -99.9% from that high.

### How much Hermes Protocol (HERMES) can I buy with $100?

At the 2026-08-14 price ($0.00019851), $100 buys roughly 503,752.96 HERMES before fees and spread. Crypto is divisible, so you do not need to buy a whole coin.

### Will Hermes Protocol (HERMES) go up? What are its prospects?

We do not forecast prices or give investment advice. What this page does is track Hermes Protocol every day through factual data — the heat score, supply structure, charts and development activity. Use it as material for your own judgement; the decision is yours.

### Where can I buy or trade Hermes Protocol (HERMES)?

It trades on major crypto exchanges. Which venues you can use depends on where you live, so check what is licensed in your own jurisdiction. This is information, not a recommendation of any asset or exchange.

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Sources: CoinGecko (data provided by CoinGecko), DefiLlama and alternative.me. Figures are as of 2026-08-14 and change daily. Information only; not investment advice or a recommendation to trade.
HTML version: https://crypheat.com/c/hermes-protocol.html