Hegic HEGIC

What HEGIC actually is on-chain

Hegic is an ERC-20 deployed on Ethereum, at contract address 0x584bc13c7d411c00c01a62e8019472de68768430. That address, not the ticker HEGIC, is what uniquely identifies this asset: anyone can deploy a second token calling itself HEGIC, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, HEGIC is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in HEGIC 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 HEGIC the project publishes a public source repository and an active account as @HegicOptions. That is a partial paper trail — enough to check claims against, not enough to audit. 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 HEGIC sits in the market

At #987, Hegic is in the upper 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.

We are not currently receiving a live HEGIC order book from any of the exchanges connected to this site, so no real-time quote is shown above. That is itself information: it usually means the pair is unlisted on the venues we track, or trading has been halted. HEGIC is a Ethereum asset, so whatever turnover exists is most likely in Uniswap-style AMM pools rather than on a centralised book, and every fill there costs ETH in gas on top of the pool's own fee.

HEGIC against its all-time high

Hegic's record high is $0.6421, set on 2021-02-13. That high sits in a range where whole-cent and whole-unit levels are genuinely traded, which makes them usable as alert thresholds if a quote returns. It was set 6 years ago. A peak that old describes a supply structure and a holder base that have almost certainly turned over since. We are not quoting a drawdown from it because no tracked venue is giving us a live HEGIC price — a stale or single-pool number would make that percentage look precise when it is not.

HEGIC across its historical range

HEGIC has traded across a 133x range, between $0.0048443 and $0.6421. Any volatility figure quoted for this asset depends heavily on which part of that range it is measured over.

The record low of $0.0048443 was printed on 2022-05-12 — 4 years ago. We have no live quote to measure the current distance from it.

HEGIC supply and valuation data

Hegic sits just outside the band where circulating and total supply are independently verified, so we hold a valuation figure for HEGIC but not an audited token count. What we do have is a fully diluted valuation of $18.4 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 HEGIC is

Hegic 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 HEGIC under 9 categories, including Decentralized Exchange (DEX), Exchange-based Tokens, Decentralized Finance (DeFi), Derivatives, Options. CoinGecko also records deployments on Arbitrum (391 tracked tokens), Ethereum (3,072 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading.

How to set a Hegic alert that is worth receiving

Hegic is the ERC-20 at 0x584b…8430 on Ethereum — high dated 2021-02-13 — rank #987. On this profile the condition that carries signal is a two-sided price threshold beyond the recent band plus a 4-hour or daily RSI condition.

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