Hermez Network (HEZ): What It Is, Uses and Risks

Hermez Network is a decentralized zero-knowledge rollup, often called a zk-rollup. It runs on top of Ethereum and is focused on scaling payments and token transfers. A rollup processes transactions off the main Ethereum chain, bundles them, and posts a compact proof back to Ethereum, which is meant to make transfers cheaper and faster than doing each one directly on Ethereum. The project's own description is short, and the data available here does not give a launch date or details of the underlying technical design. Readers who want those specifics should read the project's official documentation directly.

HEZ is the token associated with the Hermez Network. Public sources center on payments and token transfers on a rollup built on Ethereum. The data does not clearly list governance rights, staking, fee payments or other specific roles for HEZ, so this page does not assume any of them. Before relying on the token for any purpose, check the official project materials for what HEZ is currently used for and whether that use is still active.

As of 2026-11-05, the data shows a circulating supply of about 11.07 million HEZ, with total supply reported at the same figure. The stated maximum supply is about 11.08 million HEZ, so only a small amount appears to remain below the cap. At the time of writing, the price was about $3.29, giving a market capitalization of about $36.4 million and a fully diluted valuation of the same figure. Trading volume over the prior 24 hours was about $27,011, and the token ranked 572nd by market capitalization. These numbers change constantly and are shown only as a snapshot. The all-time high was about $10.30 on 2021-12-26, and the all-time low was about $0.88 on 2025-09-01. Over the past year the price change was about negative 9.7 percent.

The data lists HEZ as issued on Ethereum and does not list it as the native token of any chain. That means HEZ follows Ethereum's token standards rather than powering its own base network. The token is categorized under Layer 2 and zero-knowledge tokens. One search result describes Hermez joining Polygon, with HEZ holders able to swap into Polygon's native token, which the snippet calls MATIC. The snippet does not give full terms, timing or the current status of any swap. Anyone holding HEZ should check the official project channels and the Polygon documentation for the latest status before taking action.

Holding a token on a project that is changing its structure carries specific risks. A migration or swap may have deadlines, conversion rules or steps that differ across wallets and exchanges. Trading volume in the data is low relative to market capitalization, which can mean prices move sharply on small trades and that large positions may be hard to exit at a quoted price. The price has been far below its 2021 peak, and past performance does not indicate future results. Smart contract bugs, bridge failures and changes in the project's status are also possible. For storage, use a wallet you control and confirm that the token contract address matches official sources before sending or receiving HEZ. Never share your seed phrase, and be cautious of unsolicited messages offering to help with a swap.