Hermez Network
HEZ#586 by market capNot covered. The criterion it missed: homepage could not be fetched (<urlopen error [Errno -2] Name or service not known>).
Hermez Network is for cheaper transactions on top of another chain. We have not written its record yet, so its promises are not checked. It trades at $3.32, #566 of all coins by size, 68% below its highest ever price.
This week Nothing changed on its record.
A real job. No dated promises on its pages. Nothing dated ahead. #7 of 18 rollups. Nothing to be careful of on the record.
Is it real?
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2 of 4
- ✓A real-world jobReal-world purpose: cheaper transactions on top of another chain
- –Real backingA named investor, an index, a major exchange, or a billion-dollar size.
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- ✓Room to growRoom: worth $36.65M, 24 times smaller than Arbitrum, the biggest coin within reach doing the same thing (Rollup)
No named backer
- Origin26 December 2021about about 4 yearshermez.io, GitHub
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingNo named investorNot on a big exchange we track
- Standing on the recordNo recordNo dated promise to judge yet0 headlines last monthNo corrections needed so far
It is already worth more than the typical coin in Rollup ($23.54M). To match the leader, Arbitrum ($891.46M), its price would need to rise 2333%, to about $80.76.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- Listed on fewer than two big exchanges
- No named investor among its tags
- Only 0 headlines named it last month
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
Nothing dated has been found on its pages, so there is no date to wait for yet.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Cheaper transactions on top of another chain
72 coins tagged Layer 2 (L2), worth $8.85B together. #24 of 72 by worth.
Rollup: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Hermez Network$36.65Mthis coin−0.7%100% outno record
Arbitrum$891.46M24.3× bigger, +$854.82M−1.3%, gap −0.667% outnone dated
Optimism$227.13M6.2× bigger, +$190.49M+4.3%, gap +5.054% outnone dated
Starknet$201.26M5.5× bigger, +$164.61M−1.8%, gap −1.172% out10 of 24 delivered
Immutable$107.66M2.9× bigger, +$71.01M−0.9%, gap −0.244% outno record
Nervos Network$56.4M1.5× bigger, +$19.75M−2.6%, gap −1.9no maxno record
AltLayer$46.4M1.3× bigger, +$9.75M−2.6%, gap −1.971% outno record
OpenLedger$29.68M1.2× smaller, −$6.97M+2.5%, gap +3.322% outno record
Rollup: this coin next to Arbitrum, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Hermez Network says
- Hermez is a decentralized zk-rollup focused on scaling payments and token transfers on top of Ethereum.
- Arbitrum says
- Arbitrum is a technology platform that provides the infrastructure for building financial applications, tokenized assets, and custom blockchains.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
Hermez is a decentralized zk-rollup focused on scaling payments and token transfers on top of Ethereum.
Problem it says it solves: cheaper transactions on top of another chain. 72 coins are working on it and together they are worth $8,848,027,927. This coin is 0% of that.
Where it trades: Uniswap V2
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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Rollup: this coin next to the group's largest, Arbitrum.
| Hermez Network | Arbitrum | |
|---|---|---|
| Years trading | 5 years | 3 years |
| Major exchanges | 0 | 11 |
| Named backers | 0 | 2 |
| Headlines, last month | 0 | 108 |
| Promises delivered | no record | no record |
What it says is different: Hermez is a decentralized zk-rollup focused on scaling payments and token transfers on top of Ethereum.
It is 4.1% the size of Arbitrum. On the facts above it is behind on major exchanges, named backers, headlines, last month. For that gap to close, the record would need deliveries showing up in its record, news that names it, listings on major exchanges. Nothing here says it will; the site does not predict.
The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $10.30 on 26 December 2021. Today is 32% of that.
100%
of all HEZ that will ever exist is already out in public hands: 11.07M coins.
0% (12.76K coins) is already created but not in public hands, held by the project or locked in escrow. That is a small share. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
Its pages do not say what holding it gets you
That is worth knowing before buying. A coin nobody needs is priced on hope.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- of the maximum supply is in circulation: 11.07M of 11.08M.
- 12.76Kcoins still to be released, 0% of the maximum. Releases can add selling pressure.
- of its all-time high of $10.30 on 26 December 2021. That is −67.8% from the top.
- #566by market cap, $36,647,126.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
What the news says
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Nothing in the news this month.
Nothing matched in the last month from the sources we read. CoinDesk, Cointelegraph, Decrypt, The Block, plus Google News searches for coins with a record and the top 100.
The record itself
Not covered. The criterion it missed: homepage could not be fetched (<urlopen error [Errno -2] Name or service not known>).
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy