BITCOIN

₹61,84,249.98

1.693%

ETHEREUM

₹3,35,242.89

1.446%

TETHER USDT

₹89.46

0.049%

BNB

₹54,968.39

0.763%

SOLANA

₹15,839.91

0.637%

USDC

₹89.49

0.026%

XRP

₹47.15

1.791%

DOGECOIN

₹14.84

2.002%

CARDANO

₹43.27

2.309%

AVALANCHE

₹3,575.51

2.725%

SHIBA INU

₹0.002263

1.679%

WRAPPED BITCOIN

₹61,96,560.82

1.542%

POLKADOT

₹667.47

1.942%

TRON

₹10.75

2.897%

BITCOIN CASH

₹44,593.57

3.381%

CHAINLINK

₹1,460.53

2.174%

NEAR PROTOCOL

₹713.05

1.834%

POLYGON

₹64.62

0.992%

LITECOIN

₹7,682.66

2.691%

INTERNET COMPUTER

₹1,147.27

3.636%

BITCOIN

₹61,84,249.98

1.693%

ETHEREUM

₹3,35,242.89

1.446%

TETHER USDT

₹89.46

0.049%

BNB

₹54,968.39

0.763%

SOLANA

₹15,839.91

0.637%

USDC

₹89.49

0.026%

XRP

₹47.15

1.791%

DOGECOIN

₹14.84

2.002%

CARDANO

₹43.27

2.309%

AVALANCHE

₹3,575.51

2.725%

SHIBA INU

₹0.002263

1.679%

WRAPPED BITCOIN

₹61,96,560.82

1.542%

POLKADOT

₹667.47

1.942%

TRON

₹10.75

2.897%

BITCOIN CASH

₹44,593.57

3.381%

CHAINLINK

₹1,460.53

2.174%

NEAR PROTOCOL

₹713.05

1.834%

POLYGON

₹64.62

0.992%

LITECOIN

₹7,682.66

2.691%

INTERNET COMPUTER

₹1,147.27

3.636%

BITCOIN

₹61,84,249.98

1.693%

ETHEREUM

₹3,35,242.89

1.446%

TETHER USDT

₹89.46

0.049%

BNB

₹54,968.39

0.763%

SOLANA

₹15,839.91

0.637%

USDC

₹89.49

0.026%

XRP

₹47.15

1.791%

DOGECOIN

₹14.84

2.002%

CARDANO

₹43.27

2.309%

AVALANCHE

₹3,575.51

2.725%

SHIBA INU

₹0.002263

1.679%

WRAPPED BITCOIN

₹61,96,560.82

1.542%

POLKADOT

₹667.47

1.942%

TRON

₹10.75

2.897%

BITCOIN CASH

₹44,593.57

3.381%

CHAINLINK

₹1,460.53

2.174%

NEAR PROTOCOL

₹713.05

1.834%

POLYGON

₹64.62

0.992%

LITECOIN

₹7,682.66

2.691%

INTERNET COMPUTER

₹1,147.27

3.636%

BITCOIN

₹61,84,249.98

1.693%

ETHEREUM

₹3,35,242.89

1.446%

TETHER USDT

₹89.46

0.049%

BNB

₹54,968.39

0.763%

SOLANA

₹15,839.91

0.637%

USDC

₹89.49

0.026%

XRP

₹47.15

1.791%

DOGECOIN

₹14.84

2.002%

CARDANO

₹43.27

2.309%

AVALANCHE

₹3,575.51

2.725%

SHIBA INU

₹0.002263

1.679%

WRAPPED BITCOIN

₹61,96,560.82

1.542%

POLKADOT

₹667.47

1.942%

TRON

₹10.75

2.897%

BITCOIN CASH

₹44,593.57

3.381%

CHAINLINK

₹1,460.53

2.174%

NEAR PROTOCOL

₹713.05

1.834%

POLYGON

₹64.62

0.992%

LITECOIN

₹7,682.66

2.691%

INTERNET COMPUTER

₹1,147.27

3.636%

BITCOIN

₹61,84,249.98

1.693%

ETHEREUM

₹3,35,242.89

1.446%

TETHER USDT

₹89.46

0.049%

BNB

₹54,968.39

0.763%

SOLANA

₹15,839.91

0.637%

USDC

₹89.49

0.026%

XRP

₹47.15

1.791%

DOGECOIN

₹14.84

2.002%

CARDANO

₹43.27

2.309%

AVALANCHE

₹3,575.51

2.725%

SHIBA INU

₹0.002263

1.679%

WRAPPED BITCOIN

₹61,96,560.82

1.542%

POLKADOT

₹667.47

1.942%

TRON

₹10.75

2.897%

BITCOIN CASH

₹44,593.57

3.381%

CHAINLINK

₹1,460.53

2.174%

NEAR PROTOCOL

₹713.05

1.834%

POLYGON

₹64.62

0.992%

LITECOIN

₹7,682.66

2.691%

INTERNET COMPUTER

₹1,147.27

3.636%

BITCOIN

₹61,84,249.98

1.693%

ETHEREUM

₹3,35,242.89

1.446%

TETHER USDT

₹89.46

0.049%

BNB

₹54,968.39

0.763%

SOLANA

₹15,839.91

0.637%

USDC

₹89.49

0.026%

XRP

₹47.15

1.791%

DOGECOIN

₹14.84

2.002%

CARDANO

₹43.27

2.309%

AVALANCHE

₹3,575.51

2.725%

SHIBA INU

₹0.002263

1.679%

WRAPPED BITCOIN

₹61,96,560.82

1.542%

POLKADOT

₹667.47

1.942%

TRON

₹10.75

2.897%

BITCOIN CASH

₹44,593.57

3.381%

CHAINLINK

₹1,460.53

2.174%

NEAR PROTOCOL

₹713.05

1.834%

POLYGON

₹64.62

0.992%

LITECOIN

₹7,682.66

2.691%

INTERNET COMPUTER

₹1,147.27

3.636%

BITCOIN

₹61,84,249.98

1.693%

ETHEREUM

₹3,35,242.89

1.446%

TETHER USDT

₹89.46

0.049%

BNB

₹54,968.39

0.763%

SOLANA

₹15,839.91

0.637%

USDC

₹89.49

0.026%

XRP

₹47.15

1.791%

DOGECOIN

₹14.84

2.002%

CARDANO

₹43.27

2.309%

AVALANCHE

₹3,575.51

2.725%

SHIBA INU

₹0.002263

1.679%

WRAPPED BITCOIN

₹61,96,560.82

1.542%

POLKADOT

₹667.47

1.942%

TRON

₹10.75

2.897%

BITCOIN CASH

₹44,593.57

3.381%

CHAINLINK

₹1,460.53

2.174%

NEAR PROTOCOL

₹713.05

1.834%

POLYGON

₹64.62

0.992%

LITECOIN

₹7,682.66

2.691%

INTERNET COMPUTER

₹1,147.27

3.636%

BITCOIN

₹61,84,249.98

1.693%

ETHEREUM

₹3,35,242.89

1.446%

TETHER USDT

₹89.46

0.049%

BNB

₹54,968.39

0.763%

SOLANA

₹15,839.91

0.637%

USDC

₹89.49

0.026%

XRP

₹47.15

1.791%

DOGECOIN

₹14.84

2.002%

CARDANO

₹43.27

2.309%

AVALANCHE

₹3,575.51

2.725%

SHIBA INU

₹0.002263

1.679%

WRAPPED BITCOIN

₹61,96,560.82

1.542%

POLKADOT

₹667.47

1.942%

TRON

₹10.75

2.897%

BITCOIN CASH

₹44,593.57

3.381%

CHAINLINK

₹1,460.53

2.174%

NEAR PROTOCOL

₹713.05

1.834%

POLYGON

₹64.62

0.992%

LITECOIN

₹7,682.66

2.691%

INTERNET COMPUTER

₹1,147.27

3.636%

BITCOIN

₹61,84,249.98

1.693%

ETHEREUM

₹3,35,242.89

1.446%

TETHER USDT

₹89.46

0.049%

BNB

₹54,968.39

0.763%

SOLANA

₹15,839.91

0.637%

USDC

₹89.49

0.026%

XRP

₹47.15

1.791%

DOGECOIN

₹14.84

2.002%

CARDANO

₹43.27

2.309%

AVALANCHE

₹3,575.51

2.725%

SHIBA INU

₹0.002263

1.679%

WRAPPED BITCOIN

₹61,96,560.82

1.542%

POLKADOT

₹667.47

1.942%

TRON

₹10.75

2.897%

BITCOIN CASH

₹44,593.57

3.381%

CHAINLINK

₹1,460.53

2.174%

NEAR PROTOCOL

₹713.05

1.834%

POLYGON

₹64.62

0.992%

LITECOIN

₹7,682.66

2.691%

INTERNET COMPUTER

₹1,147.27

3.636%

BITCOIN

₹61,84,249.98

1.693%

ETHEREUM

₹3,35,242.89

1.446%

TETHER USDT

₹89.46

0.049%

BNB

₹54,968.39

0.763%

SOLANA

₹15,839.91

0.637%

USDC

₹89.49

0.026%

XRP

₹47.15

1.791%

DOGECOIN

₹14.84

2.002%

CARDANO

₹43.27

2.309%

AVALANCHE

₹3,575.51

2.725%

SHIBA INU

₹0.002263

1.679%

WRAPPED BITCOIN

₹61,96,560.82

1.542%

POLKADOT

₹667.47

1.942%

TRON

₹10.75

2.897%

BITCOIN CASH

₹44,593.57

3.381%

CHAINLINK

₹1,460.53

2.174%

NEAR PROTOCOL

₹713.05

1.834%

POLYGON

₹64.62

0.992%

LITECOIN

₹7,682.66

2.691%

INTERNET COMPUTER

₹1,147.27

3.636%

Home

/

Coins

/

Balancer

BAL

Balancer

BAL

Watchlist

₹352.63

LIVE

24H Low ₹344.84

24H High ₹358.54

Price of BAL today

The current live price of BAL today is ₹352.63, with a 24-hour trading volume of ₹73,04,99,181.69. Our BAL to INR price is updated in real-time. BAL has seen a decrease of -1.71% in the last 24 hours. With a live market cap of ₹20,09,47,06,468.21 , the circulating supply is at 56,949,194 BAL coins, with a maximum supply of 96,150,704BAL coins.

Balancer Price History

Date ComparisonAmount Change% Change
Today-₹5.82

1.62%

7 Days₹41.35

13.28%

30 Days-₹6.35

1.77%

1 Year-₹120.74

25.5%

Balancer Price Information

Price Change (1hr)

1.47%

Price Change (24hr)

1.62%

Price Change (7d)

13.28%

Balancer Market Stats

Market Cap

₹20,09,47,06,468.21

Fully Diluted Market Cap

₹33,92,70,85,358.09

24hr Volume

₹73,04,99,181.69

23.48%

Circulating Supply

56949194.23 BAL

Total Supply

96150704 BAL

Things to know about Balancer

1. What is the token?

  • Balancer (BAL) serves as the governance token for the Balancer Protocol, an Ethereum-based automated market maker (AMM).

  • It enables flexible pool creation and asset trading, functioning as a decentralised cryptocurrency exchange (DEX) and portfolio management platform.

  • BAL tokens govern protocol decisions, including voting on proposals and fundamental changes.

2. Tokenomics

  • Initially, 25% of tokens were allocated to founders, core developers, advisers, and investors, subject to vesting.

  • Community distribution occurs through liquidity mining.

  • veBAL tokenomics introduced vote-escrowed locking, empowering holders to control emissions, liquidity mining, revenue distribution, and inflation schedule.

3. Market Data

As of today 22 May 2024, the price of Balancer is ₹352.63 INR, with a 24-hour trading volume of 8162002.03 USD. The market capitalisation for Balancer is 224521859.98USD. The circulating supply is 56949194.23 Balancer, with the total supply also being 63285369.49 Balancer.

Pros:

  • It provides significant liquidity, thereby minimising slippage during trades.

  • Balancer facilitates efficient token trading and portfolio rebalancing for users.

  • The platform offers cost-effective transactions and ensures secure trading and storage of assets.

Cons:

  • Balancer supports a limited number of tokens in its pools, potentially restricting users' options.

  • Some features of Balancer may not be accessible or applicable to all users, depending on their needs and preferences.

  • Balancer pools typically experience lower trading volumes compared to other platforms, which may impact liquidity and trade execution speed.

5. Why Should You Invest in the Coin?

  • Investing in BAL offers governance participation, potential liquidity mining rewards, and innovative DeFi features.

  • The balancer ecosystem is at the forefront of DeFi, offering flexibility in pool creation and portfolio management.

6. USP of the Coin

  • BAL distinguishes itself by offering capital efficiency, low gas costs, and innovative liquidity pool structures.

7. Problem the Coin is Solving

  • Balancer addresses liquidity and portfolio management issues in DeFi, allowing for automatic portfolio rebalancing and efficient asset trading within a single platform.

8. Founder and Team Background

  • Founders Fernando Martinelli and Mike McDonald have 20 years of combined experience in blockchain and DeFi sectors.

  • Their vision with Balancer is to make asset management more accessible, secure, and cost-effective.

9. ICO Price

  • ICO was held in March 2021 with a token price of 1 BAL = $15.2 USD.

  • The goal was to sell 30 million tokens out of 100 million total supply.

10. Risks Associated in Investing in the Coin

  • Investing in BAL involves risks such as market volatility, regulatory changes, technological issues, and competition within the DeFi landscape.

11. Whitepaper Insights

The Balancer Whitepaper outlines the protocol as an automated market maker (AMM) that revolutionises the way users interact with financial liquidity. Unlike traditional exchanges, Balancer eliminates the need for order books by utilising a system of liquidity pools that users can trade against. These pools are self-balancing weighted portfolios that automatically adjust their holdings to maintain certain ratios, offering a novel way for users to manage their cryptocurrency assets.

At its core, Balancer allows users to create or add liquidity to existing pools, earning trading fees in the process. This mechanism incentivises the provision of liquidity, thereby ensuring that the platform remains efficient and liquid. The protocol supports multiple types of pools, including private, shared, and smart pools, each catering to different user needs and strategies. For instance, private pools allow for single-user governance over the pool’s parameters, while shared pools are open to all and governed by the protocol’s rules.

The BAL token plays a central role in the ecosystem, serving as a governance token that allows holders to vote on various proposals and changes to the protocol. This decentralised governance model ensures that the development and evolution of Balancer are in the hands of its community. Additionally, the tokenomics of BAL, including its distribution and inflation mechanism, are designed to align the interests of users, liquidity providers, and the broader Balancer ecosystem.

One of the key innovations of Balancer is its flexibility in pool composition. Unlike other AMMs that restrict pools to two tokens or require equal value proportions, Balancer pools can contain up to eight different tokens in any weighted configuration. This flexibility allows for the creation of highly customised liquidity pools that can mimic traditional index funds, but with the added benefits of blockchain technology, such as transparency, security, and decentralisation.

Furthermore, the whitepaper discusses the technical aspects of the protocol, including the mathematical formulas that govern pool behaviour, the smart contract architecture, and the security measures in place to protect users’ funds. It also outlines the vision for Balancer’s future, including scaling solutions, integration with other DeFi protocols, and to decentralise decision-making further.

In summary, the Balancer Whitepaper presents a comprehensive overview of a cutting-edge DeFi protocol that aims to redefine liquidity provision and asset management in the cryptocurrency space. Through its innovative use of liquidity pools, flexible pool configurations, and decentralised governance, Balancer offers a powerful tool for traders, liquidity providers, and financial enthusiasts looking to maximise their engagement with the digital asset economy.

Returns Calculator

One Time
Recurring

Investment Amount

Investment Period

Returns

8950

0%

BAL to Converter

Quantity

BAL

BAL

Price

fiat

Price as per 11:57 PM • 22 May 2024

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Have a question not answered?

You can contact us at help@mudrex.com

What is the price of Balancer (BAL)?

The current price of Balancer (BAL) in INR is ₹352.63 INR.

What is the current BAL market cap?

The current market capitalization of Balancer (BAL) is ₹20,09,47,06,468.21 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of BAL by the number of coins in circulation.

What is the current supply of Balancer (BAL)?

The current supply of Balancer (BAL) is 56949194.23 BAL. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of Balancer (BAL)?

The 24-hour trading volume of Balancer (BAL) in INR is ₹73,04,99,181.69. This figure represents the total value of all BAL transactions across various exchanges within the last 24 hours.

How to Buy Balancer (BAL) in India?

To buy Balancer (BAL) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in BAL.

Can I buy Balancer (BAL) with UPI?

Yes, you can buy Balancer (BAL) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert Balancer (BAL) to Indian Rupee (INR)?

To convert Balancer (BAL) to Indian Rupee (INR), you can use our BAL/INR conversion tool.

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