Hermez Network

Hermez Network is a Layer 2 scaling protocol built on top of Ethereum, designed to make token transfers and payments faster and cheaper than transacting directly on the Ethereum base layer. It uses zero-knowledge rollup technology, meaning it bundles many transactions together and settles a compact cryptographic proof on Ethereum rather than posting every transaction individually. The project targets anyone who wants to move tokens on Ethereum without paying the full cost of on-chain settlement.

Hermez operates as a zk-rollup, a construction in which a coordinator batches user transactions off-chain, generates a zero-knowledge proof that the batch is valid, and submits that proof to an Ethereum smart contract for final settlement. The native token, HEZ, was used within the protocol for coordinator auctions, where participants competed for the right to process transaction batches. The protocol lives entirely within the Ethereum ecosystem, with Ethereum serving as the ultimate settlement and security layer.

The data stored for this asset records no fee stream, meaning this site carries no figures for protocol revenue, fee recipients, or amounts distributed to token holders. That absence means fee-based measures such as price-to-fees ratios are not calculable from the information held here. The circulating supply of 11,065,762.52 HEZ represents 99.88 percent of the maximum supply of 11,078,525.04 HEZ, and the dilution overhang stands at 0.0 percent, indicating that essentially all tokens that will ever exist are already in circulation.