# Hermez Network (HEZ) — crypto price, market cap and strength versus Bitcoin

> Hermez Network trades at $3.11 with a market capitalisation of $34.1M (rank 582). Over 90 days it is +13% against Bitcoin and sits below its 200-day average. Layer 2 as a theme is -11.4% against Bitcoin over 13 weeks. Price readings run through 2026-07-31.

## Agent research brief

- What this coin is: Hermez Network (HEZ), a Layer 2 token of $34.1M at market-cap rank 582. No protocol activity data is published for it.
- What the tape says: +13% versus Bitcoin over 90 days; below its 200-day average. Layer 2 as a theme is -11.4% against Bitcoin over 13 weeks.
- What the evidence supports: Nothing is ranked for Hermez Network this week: No traded volume is reported on most of the last 30 days, so it has no liquidity reading.
- What is missing: There is no valuation band for any coin on this site: historical market capitalisation is not held, so no PE-style range can be built. Hermez Network publishes no fee, revenue, TVL or user series at all.

Theme: Layer 2 (/mla/crypto/sector/layer-2). Price 2026-07-31; market-cap snapshot 2026-07-04.

## Price, returns and risk

Hermez Network is -17.2% over one year, -5.4% over 90 days and +3.3% over 30 days. Annualised 30-day volatility is 12%. Its deepest fall from a high inside the last 90 days is 9%. It trades below its 200-day average, which is falling.

- Price: $3.11
- Market cap: $34.1M (rank 582)
- Returns: 7d +0.4%; 30d +3.3%; 90d -5.4%; 180d -4.0%; 1y -17%
- RS versus Bitcoin, 90d: +13%
- 30-day volatility: 12% annualised; deepest 90-day fall 9%
- 200-day average: $3.19, trading below it

## Protocol economics

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.


## Research score

Hermez Network is NOT RATED this week. No traded volume is reported on most of the last 30 days, so it has no liquidity reading.

No valuation band exists for any coin on this site: historical market capitalisation is not held, so no company-style valuation range can be built.

## Layer 2 scorecard

Hermez Network is one of 48 Layer 2 coins here, 33 of which carry enough evidence to be rated and ranked. Hermez Network is not among them this week, for the reason stated above. The table below is the theme's own scorecard, in its own order, with this coin marked.

- 1. POL (ex-MATIC) (POL): score 69.5; evidence 62%; Illiquid · research only
- 2. COTI (COTI): score 64.1; evidence 55%; Illiquid · research only
- 3. Capx AI (CAPX): score 56.2; evidence 50%; Illiquid · research only
- 4. Prom (PROM): score 55.6; evidence 55%; Illiquid · research only
- 5. Celo (CELO): score 53.4; evidence 90%; Illiquid · research only
- 6. Aztec (AZTEC): score 52.2; evidence 43%; Illiquid · research only
- 7. Linea (LINEA): score 51.2; evidence 100%; Mixed · market gate closed
- 8. MegaETH (MEGA): score 49.9; evidence 12%; Illiquid · research only
- 9. Sophon (SOPH): score 48.5; evidence 55%; Illiquid · research only
- 10. AltLayer (ALT): score 48.2; evidence 12%; Illiquid · research only
- 11. Immutable (IMX): score 48; evidence 17%; Illiquid · research only
- 12. OpenLedger (OPEN): score 47.9; evidence 12%; Illiquid · research only
- 13. BSquared Network (B2): score 47.8; evidence 55%; Tape-led · on-chain proof incomplete
- 14. Stacks (STX): score 47.5; evidence 17%; Illiquid · research only
- 15. Treasure (MAGIC): score 47.3; evidence 12%; Illiquid · research only
- 16. Aevo (AEVO): score 46.6; evidence 50%; Illiquid · research only
- 17. Optimism (OP): score 45.7; evidence 100%; Mixed · market gate closed
- 18. Metal DAO (MTL): score 43.9; evidence 50%; Illiquid · research only
- 19. Mantle (MNT): score 41.7; evidence 64%; Illiquid · research only
- 20. Cartesi (CTSI): score 41.2; evidence 50%; Illiquid · research only
- 21. ZKsync (ZK): score 41.1; evidence 62%; Illiquid · research only
- 22. Loopring (LRC): score 40.7; evidence 55%; Illiquid · research only
- 23. PHALA (PHA): score 39.1; evidence 50%; Tape-led · on-chain proof incomplete
- 24. Status (SNT): score 37.4; evidence 50%; Illiquid · research only
- 25. Nervos Network (CKB): score 37.2; evidence 50%; Illiquid · research only
- 26. Lumia (LUMIA): score 36.3; evidence 50%; Illiquid · research only
- 27. Orderly (ORDER): score 36; evidence 55%; Illiquid · research only
- 28. Manta Network (MANTA): score 35.9; evidence 100%; Lagging · market gate closed
- 29. Merlin Chain (MERL): score 34.1; evidence 55%; Illiquid · research only
- 30. Taiko (TAIKO): score 33.1; evidence 94%; Lagging · market gate closed
- 31. Metis (METIS): score 31.5; evidence 84%; Illiquid · research only
- 32. Islamic Coin (ISLM): score 24.1; evidence 55%; Illiquid · research only
- 33. Lisk (LSK): score 20.9; evidence 100%; Illiquid · research only
- —. Hermez Network (HEZ) [this coin]: score not rated; evidence 0%; Not rated

## Limitations

- 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.

## FAQs

### What is Hermez Network (HEZ)?

Hermez Network is a Layer 2 cryptocurrency tracked here by price, market capitalisation and strength against Bitcoin, with no protocol activity data published for it. It is one of 48 Layer 2 coins on this site. Readings are as of 2026-07-31.

### What is the market cap of Hermez Network?

Hermez Network's market capitalisation is $34.1M, ranking it 582 in the top-1,000 crypto universe. That figure is a dated snapshot from 2026-07-04, refreshed separately from the daily price series, so it can lag the price shown above.

### Is Hermez Network beating Bitcoin?

Hermez Network is +13% against Bitcoin over 90 days, and its own theme, Layer 2, is -11.4% over 13 weeks. It trades below its 200-day average as of 2026-07-31.

### 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.

### Why is Hermez Network not rated?

No traded volume is reported on most of the last 30 days, so it has no liquidity reading. It stays on the site with its price history visible, because a missing reading is not a middling reading and a made-up score would be worse than none.

### 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.