Hermez Network (HEZ) currently has a price of $3.66 and is down -0.41% over the last 24 hours. The cryptocurrency is ranked 477 with a market cap of $61.1M. Over the last 24 hours, it saw $54K of trading volume. The token has a circulating supply of 16.7M tokens out of a total supply of 11.1M tokens.
The Hermez Network (HEZ) is a decentralized scalability and privacy solution for Ethereum. Its native token, HEZ, is used for securing the network, participating in validation, earning rewards, paying transaction fees, and engaging in network governance. The network focuses on layer 2 scaling solutions using Zero-Knowledge-Rollups to reduce fees and increase throughput, potentially alleviating Ethereum's congestion and high fees. Emphasizing privacy, the network ensures transaction details remain confidential through zero-knowledge proofs.
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