Balancer
BAL
$4.08

Sector

Defi

Exchange Debut

2022-06-25

Market Cap

224,902,985

Maxim Supply

96,150,704

Circulating Supply

55,100,695

Circ. Supply(%)

57.31%
balancer logo

Balancer

BAL

Price

$4.08

Market Cap

Sector

Exchange Debut

224,902,985
2022-06-25

Volume 24h

High 24h

Low 24h

3238793
4.284407693329
4.052842597108

Change 24h

Change 7d

Change 30d

-0.8287
3.1091
8.3476

Maxim supply

Circulating supply

Circulating supply(%)

96,150,704
55,100,695
57.31%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Balancer cryptocurrency: 

Fundamental analysis of the Balancer cryptocurrency is integral to understanding its potential and future performance. The Balancer Project, renowned for its distinctive governance token BAL and its extension, veBAL, serves as a formidable platform in the crypto sphere. These tokens are primarily utilized for voting within its decentralized governance framework.

Our the fundamental analysis of the Balancer cryptocurrency reveals an overall score of 7.07 out of 10, based on a variety of carefully evaluated criteria. A significant area of focus is Audit and Security, where Balancer registers an average score of 6.3. The transparency of information available to the public is another criterion where Balancer performs well, earning a 7 out of 10. Nonetheless, the project could benefit from amplified efforts towards enhancing its security and auditability.

Social and Media

Midway through our the fundamental analysis of the Balancer cryptocurrency, we also examined the Social and Media criterion. This area, unfortunately, negatively impacted Balancer’s final score, coming in at 5.1 out of 10. The project’s member activity on social platforms is quite low, with a 1 out of 10 rating. Conversely, Balancer has been successful in attracting followers, securing a perfect score of 10. The project’s media presence, however, is moderate, scoring a 6 out of 10.

Team criterion

In terms of the Team criterion, our analysis reflects an impressive score of 8.2 out of 10. The team’s vast field experience contributes to a high score of 9, though the limited number of software developers, marked at 5 out of 10, indicates room for growth to enhance the project’s developmental capabilities.

Fundamental analysis of the Balancer cryptocurrency continues with the Partners and Investors criterion, where the project scores an 8 out of 10. This score is bolstered by a plethora of high-capacity investors, earning a 10 out of 10. However, the quantity and quality of partners fall short, resulting in a 6 out of 10 rating.BAK

Fundamental analysis of Balancer cryptocurrency – The final conclusion

In conclusion, the fundamental analysis of the Balancer cryptocurrency continues with the Partners and Investors criterion, where the project scores an 8 out of 10.  indicates high potential for future development, though certain areas require improvement. Specifically, enhancing the security and auditability of the project, fostering a more active social media community, and increasing the number of software developers could significantly elevate Balancer’s prospects. Nevertheless, the project remains attractive, as evidenced by the substantial number of high-capacity investors.

Balancer Governance Token (BAL) is the core token behind the Balancer protocol. Alignment between governance token holders and protocol stakeholders is crucial for successful decentralized governance, and BAL tokens are the vehicle to drive this alignment. veBAL is an extension of BAL and is used for voting in decentralized governance.

Who uses Balancer?

Balancer is an incredibly useful tool for a diverse set of actors in the Defi space.

Traders can swap between any two ERC20 tokens. This can be done through the Balancer Dapp or aggregators like 1inch, Matcha, or Paraswap.

Liquidity Providers (LPs) can add liquidity to pools to earn swap fees, liquidity incentives, and other forms of yield

Passive LPs can utilize boosted pools to earn on top of their already compounding Aave tokens
Arbitrageurs can swap against pools using things like batch swaps and flash loans

BAL Token holders can lock their token into veBAL and participate in the goverenance of evolving the Balancer protocol.

Vault

Overview: The Vault is the core of Balancer; it is a smart contract that holds and manages all tokens in each Balancer pool. It is also the portal through which most Balancer operations (swaps / joins / exits) take place.

Separating Token Accounting and Pool Logic

The Vault architecture separates the token accounting and management from the pool logic. This separation simplifies pool contracts, since they no longer need to actively manage their assets; pools only need to calculate amounts for swaps, joins, and exits.

This architecture brings different pool designs under the same umbrella; the Vault is agnostic to pool math and can accommodate any system that satisfies a few requirements. Anyone who comes up with a novel idea for a trading system can make a custom pool plugged directly into Balancer’s existing liquidity instead of needing to build their own Decentralized Exchange.

Balancer is the project with a suite of top investors such as Three Arrows Capital, Coinfund, Placeholder Ventures, Pantera Capital.

Balancer is an open-source protocol, automated portfolio manager, and liquidity provider. Built on the Ethereum blockchain, Balancer offers new solutions to the problems present on traditional and centralized exchanges.These services propel it to the top of projects in the decentralized finance sector.

Balancer went from product phase, where proof of concept was demonstrated — to protocol phase, where scaling happens through strong network effects.

Fundamental analysis of the Balancer cryptocurrency

Balancer - BAL performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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