Balancer BAL

What BAL actually is on-chain

Balancer is an ERC-20 deployed on Ethereum, at contract address 0xba100000625a3754423978a60c9317c58a424e3d. That address, not the ticker BAL, is what uniquely identifies this asset: anyone can deploy a second token calling itself BAL, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, BAL is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in BAL itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

For BAL the project publishes a whitepaper, a public source repository and an active account as @Balancer. Both a written specification and readable code exist, which is a materially higher bar than most assets in this size range clear. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where BAL sits in the market

At #1243, Balancer is in the middle of the small-cap band. Books at this depth are thin enough that one sizeable market order can move the printed price by several percent and retrace within minutes, which is precisely why a single static price target makes a poor trigger — you want a condition that survives one wick. Availability is concentrated in a handful of venues and volume-based delisting is a live risk rather than a theoretical one.

CryptoPingAi is currently streaming 1 live BAL order book (HTX). That is thinner coverage than a #1243 ranking would normally imply — a move on one of these books is close to the whole market for BAL, with no deep second venue to arbitrage it back. None of the books we see for BAL are regulated US or Korean venues, so this is an offshore-quoted asset — availability, and the price itself, depend on which jurisdiction you trade from.

BAL against its all-time high

BAL is more than 95% below its all-time high of $74.45 (on 2021-05-04) — a 438x gap. At this point the record has essentially no analytical value: it belongs to a different supply structure, a different holder base and often a different market cycle. The useful reference for BAL is the downside, not the peak, so the range section below matters more than this one. It was set 5 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

BAL across its historical range

BAL has traded across a 591x range, between $0.1260 and $74.45. Any volatility figure quoted for this asset depends heavily on which part of that range it is measured over.

BAL is within 34.9% of its all-time low of $0.1260, printed on 2026-02-28. This is the part of a chart with no history: there is no prior trading below this level, so there is no support to reference, no volume shelf and no cost-basis cluster to lean on. Because that low is itself recent, the asset is in an active downtrend rather than sitting at an old floor — each new low invalidates the previous one as a reference.

BAL supply and valuation data

Balancer sits just outside the band where circulating and total supply are independently verified, so we hold a valuation figure for BAL but not an audited token count. What we do have is a fully diluted valuation of $11.2 million as of 2026-05-12. That is in the upper quartile of tracked assets by fully diluted value.

Because that valuation is a snapshot rather than a live figure, we deliberately do not back out a supply number from it — the price has moved since, and the division would produce a confident-looking token count that is simply wrong. Check the project's own explorer for the current supply before using any per-token valuation. The authoritative figure is the one etherscan.io reports for this contract.

What kind of asset BAL is

Balancer is a decentralised exchange token. The economics are unusually legible for crypto: the protocol generates fees from trading volume, and the token's value proposition rests on whether it captures any of them. Volume on the underlying venue, the fee switch status and competitive pressure from other venues are the variables that actually matter — and DEX volume is itself highly cyclical, so revenue is not a stable base.

CoinGecko files BAL under 10 categories, including Automated Market Maker (AMM), Huobi ECO Chain Ecosystem, Avalanche Ecosystem, Exchange-based Tokens, Pantera Capital Portfolio. CoinGecko also records deployments on Avalanche (256 tracked tokens), so its on-chain liquidity and its user base move with that network. Worth flagging from the metadata: BAL was held in the Alameda Research portfolio.

How to set a Balancer alert that is worth receiving

Balancer is the ERC-20 at 0xba10…4e3d on Ethereum — quoted on 1 venue we stream — high dated 2021-05-04 — rank #1243. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →