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Rank #167
Balancer Price (BAL)
Balancer (BAL)
$5.64 16.1%
0.00026517 BTC 14.9%
0.00461329 ETH 9.2%
30,503 people like this
24H Range
Market Cap $194,296,432
24 Hour Trading Vol $69,175,694
Fully Diluted Valuation $542,496,815
Total Value Locked (TVL) $1,318,921,479
Fully Diluted Valuation / TVL Ratio 0.41
Market Cap / TVL Ratio 0.15
Circulating Supply 34,436,586
Total Supply 50,407,306
Max Supply 96,150,704
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Balancer Price Chart (BAL/USD)

Last updated 01:21AM UTC. Currency in USD.

Live Chart

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BAL Price Statistics

Balancer Price Today
Balancer Price $5.63
24h Low / 24h High $4.84 / $5.99
7d Low / 7d High $3.66 / $5.89
Trading Volume $69,004,620
Market Cap Rank #167
Market Cap $193,624,319
Market Cap Dominance 0.019%
Volume / Market Cap 0.3557
All-Time High $74.45 -92.4%
May 04, 2021 (about 1 year)
All-Time Low $3.66 54.0%
Jun 18, 2022 (6 days)

BAL Price Today

Balancer price today is $5.64 with a 24-hour trading volume of $69,175,694. BAL price is up 16.1% in the last 24 hours. It has a circulating supply of 34 Million BAL coins and a total supply of 50.4 Million. If you are looking to buy or sell Balancer, Binance is currently the most active exchange.

What was the highest price for Balancer?

Balancer hit an all time high of $74.45 on May 04, 2021 (about 1 year).

What was the lowest price for Balancer?

Balancer had an all time low of $3.66 on Jun 18, 2022 (6 days).

What was the 24 hour trading volume of Balancer?

The 24 hour trading volume of Balancer is $69,175,694.

Where can Balancer be traded?

You can trade Balancer on Binance, P2PB2B, and Coinsbit. Popular trading pairs for Balancer in the market includes BAL/USD, BAL/CAD, BAL/EUR, BAL/PHP, BAL/INR, and BAL/IDR.

What is BAL?

BAL is the governance token for the Balancer Protocol. It can be used to vote on proposals and steer the direction of the protocol. 

The total supply of BAL is capped at 100 million tokens, 25 million of which is allocated to the founding members, core developers, advisers, and investors. The rest are being distributed to the community through liquidity mining.

What is Balancer?

Balancer is a multi-token automated market maker (AMM) that functions as a self-balancing weighted portfolio protocol. Balancer is built on the Ethereum network. It allows anyone to create or add liquidity to customizable pools and earn trading fees. Compared to a typical constant product AMM model, Balancer uses a generalization formula that could be adjusted to any number of tokens at any amount of weightage. 

It mimics the concept of an index fund where assets are regularly being reallocated based on the price and returns of the assets. Index fund is a common financial instrument that helps investors to achieve risk diversification by maintaining a controlled risk exposure to a portfolio. Rather than paying a portfolio manager to actively or programmatically manage users' funds, Balancer helps solve a similar problem with smart contracts.  

How is the Balancer Protocol useful?

There are two types of users that can benefit from using Balancer: liquidity providers and traders. Liquidity providers are the ones who own Balancer pools or participate in shared pools. Traders are the users that buy and sell ERC-20 tokens on the open market. 

Liquidity providers can have a controlled exposure to different crypto assets without costly and complicated rebalancing. At the same time, liquidity providers can earn passive income by utilizing the ERC-20 tokens that are sitting idle in their wallets. 

Traders can exchange tokens, have access to a diverse set of pools, and seek profit by arbitraging price differences on Balancer with other exchanges.

How does Balancer work?

The fundamental building block of the Balancer Protocol is the Balancer Pool. Balancer Pool can be viewed as an automated, market-making portfolio. Each token asset has an independent weight, and can be traded against other tokens in the pool. For example, you could have a pool with three tokens in the following proportions: 50% DAI, 25% SUSHI, and 25% WETH.

The concept of a Balancer pool is to keep the value function of the pool’s weights and balances to a constant. If the relative prices of the tokens change, the pool as a whole is continuously rebalanced to maintain each token's proportion of the total value. 

Each trade that occurs in a Balancer Pool generates a fee for the pool owner. The fee is a percentage of the trading volume and is adjustable by the pool owner when the pool is created.

Balancer has a few pools available:

  1. Private Pools - Private pools are completely controlled by the owner. Only the owner can contribute liquidity and has full permissions over the parameters of the pool.

  2. Shared Pools - Creators of shared pools only have one opportunity to permanently set the pool parameters including number of tokens, weightage, and trading fees. The creator doesn’t have any special privileges over the shared pool and anyone may contribute liquidity to the pool. The ownership of the pool’s liquidity is tracked by a specific token called the Balancer Pool Token (BPT).

  3. Smart Pools - Smart pools are a variation of private pools where the controller is a smart contract, enabling arbitrary logic to determine how parameters can be adjusted. Anyone may contribute liquidity to a smart pool and asset ownership is tracked by BPT. 

How are Balancer Pools continuously rebalanced?

Pools are efficiently rebalanced through a multi-dimensional invariant function used to continuously define swap prices between any two tokens in a pool. Essentially, it is an n-dimensional generalization of Uniswap's x * y = k formula.

Whenever market prices are different from those offered by a Balancer Pool, arbitrageurs will make the most profit by trading with that pool until its prices equal those on the external market. When this happens, it cancels out the arbitrage opportunity. These arbitrage opportunities guarantee that, in a rational market, prices offered by any Balancer Pool are identical to the rest of the market.

Instead of doing work and paying fees to rebalance users’ portfolios, Balancer Pool creators earn fees while traders do the rebalancing work for them. 

How to get BAL?

Users can provide liquidity to whitelisted Balancer pools and they will be entitled to receive BAL tokens proportional to how much liquidity that is contributed. 145,000 BAL will be distributed to liquidity providers every week. 

Another method to acquire BAL is to directly buy it from various exchanges such as SushiSwap or Coinbase.


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