Hermez Network (HEZ): price, market cap and how it did against Bitcoin
Bottom line
Hermez Network (HEZ) closed at $3.30 on 4 November 2026, with a market capitalisation of $35.9M (rank 574). On 30 October 2026 it was above its 200-day average of $3.21, which is rising. Over 90 days it is 19 percentage points behind Bitcoin. Layer 2 as a theme is +22.4% against Bitcoin over 13 weeks.
Price
$3.30
as of 2026-11-04
Market cap
$35.9M
snapshot 2026-11-04
vs Bitcoin · 90d
−19 pts
as of 2026-10-30
30-day median volume
$10.9K
as of 2026-10-30
What it is · from the data we hold
What is Hermez Network (HEZ)?
Hermez Network (HEZ) is a crypto token that CoinGecko lists under smart contract platform, layer 2 (L2) and zero knowledge (ZK). We place it in the Layer 2 theme, with 45 coins. Its highest daily close since 12 November 2021 was $10.19 on 26 December 2021; its lowest was $2.99 on 5 June 2026.
01 · the tape, against its benchmark
How has Hermez Network moved against Bitcoin?
Hermez Network is -15.1% over one year, +4.3% over 90 days and -4.5% over 30 days. Annualised 30-day volatility is 10%. Its deepest fall from a high inside the last 90 days is 5%. It trades above its 200-day average, which is rising.
HEZ · rebasedBitcoinLayer 2 · equal weight
All three lines rebased to 100 at the first week each has data. Bitcoin is the opportunity-cost benchmark for crypto risk; the theme line is its equal-weight index of current rated members.
02 · returns, volatility and drawdown
What do Hermez Network's returns and risk look like?
7 days-1.6%
30 days-4.5%
90 days+4.3%
180 days-0.9%
1 year-15%
30-day volatility10% annualised
Deepest 90-day fall5%
200-day average$3.21 · above · rising
50-day average$3.33
03 · what the protocol actually earns
Does Hermez Network generate fees or revenue?
No protocol fee, revenue, TVL, user, DEX-volume or transaction series is published for Hermez Network, so this page shows none rather than inventing one. That is the normal case in crypto: fewer than one coin in seven has any of it.
04 · exact additive research priority
What does the evidence say about Hermez Network?
Hermez Network scores 47.8 out of 100 inside Layer 2, ranked 16 of 34 rated coins on 50% evidence. The four displayed point contributions add exactly to the total; missing evidence pulls only the affected factor toward neutral and lowers its stated coverage. It ranks research attention within one theme, never portfolio action, and it is not comparable across themes.
What it means: Mostly a price reading: less than half of this score rests on the network's own use (fees, users, deposits), so it says little about the project itself yet.
16.0/35Price leadership
vs Bitcoin (90 days): −19 pts · vs its theme (30 days): +12.3 pts · above its 200-day average
100% evidence
15.0/30Usage growth
Fees — · revenue — · users —
0% evidence
10.0/20Value capture
Fee yield — · revenue yield —
0% evidence
6.8/15Liquidity & risk
Typical daily trading: $10.9K · price swings: 9.8% a year
100% evidence
This weakens if: The read weakens if 90-day strength against Bitcoin falls below zero with two weekly closes below the 200-day average, or native activity contracts for two complete calendar quarters.
No valuation section exists on this page, for any coin. There is no company-style P/E or PEG for a token, and historical market capitalisation is not held at all, only a dated current snapshot, so no ten-year valuation band can be built honestly. Where a protocol publishes fees or revenue, the yield against that dated snapshot is shown above instead.
05 · the theme it competes in
How does Hermez Network compare with other Layer 2 coins?
Hermez Network is one of 45 Layer 2 coins here, 34 of which carry enough evidence to be rated and ranked. Hermez Network ranks 16 of those 34 on 50% evidence. The table below is the theme's own scorecard, in its own order, with this coin marked.
The Layer 2 scorecard in its own order, with this coin marked. Scores are within-theme and are not comparable with coins in another theme. See the full Layer 2 page.
Which crypto lists is Hermez Network on?
Hermez Network is on one of our crypto lists: Altcoins. Every coin we track is in the full ranking on Cryptocurrencies by market cap. List membership comes from CoinGecko's categories and market-cap rank, never from a hand-picked list.
Next to it by size · every coin with a page
Which coins are closest to Hermez Network in market cap?
Hermez Network is number 329 by market cap among the 604 coins with a page on this site. The 4 just larger and the 4 just smaller are listed here, each with its theme, so the comparison crosses themes. Market cap is the snapshot dated 2026-11-04.
This page names 5 ways its own evidence about Hermez Network can mislead, all listed below. The largest is that crypto network activity is not company earnings: protocol revenue does not automatically accrue to token holders. Price runs through 2026-11-04; market capitalisation is a separate snapshot dated 2026-11-04.
Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders.
Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag.
No valuation band exists for any coin: historical market capitalisation is not held at all.
Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred.
The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal.
Price and technicalsPrice through 2026-11-04; moving averages and returns through 2026-10-30, from exchange closes; moving averages are computed, never scraped.
Protocol activityNone published for this token.
Market capSnapshot dated 2026-11-04; no historical supply series is implied.
Decision useResearch priority within one theme. Not entry, exit, sizing or leverage instructions.
Questions the page should answer directly
Crypto analysis FAQs
These 7 answers cover the questions this page can settle from data it holds: what the category is, how the score is built, what the coverage gaps are, and what would change the read. Every answer below is also present in the page’s FAQ schema and in its plain-text rendition. None of them is a recommendation.
What is Hermez Network (HEZ)?
Hermez Network (HEZ) is a crypto token that CoinGecko lists under smart contract platform, layer 2 (L2) and zero knowledge (ZK). We place it in the Layer 2 theme, with 45 coins. Its highest daily close since 12 November 2021 was $10.19 on 26 December 2021; its lowest was $2.99 on 5 June 2026.
What is the market cap of Hermez Network?
Hermez Network's market capitalisation is $35.9M, ranking it 574 in the top-1,000 crypto universe, read on 4 November 2026. It is refreshed separately from the daily price.
Is Hermez Network beating Bitcoin?
Over 90 days Hermez Network is 19 percentage points behind Bitcoin: its own return minus Bitcoin's. Its theme, Layer 2, is +22.4% against Bitcoin over 13 weeks. Hermez Network trades above its 200-day average as of 4 November 2026.
What is Hermez Network's highest price?
The highest daily close we hold for Hermez Network is $10.19, on 26 December 2021, in records from 12 November 2021. The lowest is $2.99, on 5 June 2026. The close on 4 November 2026, $3.30, is 68% below that high.
Does Hermez Network have a P/E ratio?
No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead.
What is Hermez Network's research score?
47.8/100 within Layer 2, ranked 16 of 34 rated Layer 2 coins, on 50% evidence: 16.0 + 15.0 + 10.0 + 6.8 = 47.8. It is labelled “Thinly traded”. The score ranks research attention inside one theme, never portfolio action.
How much Hermez Network history does this page show?
Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics Hermez Network actually publishes. No protocol fee, revenue, TVL or user series is published for this token, so none is shown.