| General information | |
|---|---|
| Global rank: | 537 |
| Name: |
Balancer |
| Symbol: | BAL |
| Current coin price (AUD): | 0.817 $ |
| Last hour: | arrow_downward-0.110 % |
| Last 24 hours: | arrow_downward-0.630 % |
| Last 7 days: | 1.68 %trending_up |
| Capitalisation (AUD): | 56 098 858.99 $ |
| Volume 24h (AUD): | 3 015 054.94 $ |
| Available supply: | 68 698 935.00 BAL |
| Total coin supply: | 35 435 000.00 BAL |
| Algorithm: | ETH Token |
| Start date: | 20/06/2020 |
Balancer/Australian Dollar (BAL/AUD) price chart
Balancer/Australian Dollar (BAL/AUD) capitalisation and volume charts
An AMM, or Automated Market Maker is a general term that defines an algorithm for creating and managing liquidity. Instead of paying fees to portfolio managers to rebalance the users' portfolio, they collect fees from traders, who rebalance their portfolio. Users can earn returns by providing liquidity or as a trader swap between any assets in the global liquidity pool.