Balancer (BAL): D-Score 34/100 — Centralized Leaning BlockIndex D-Score: 34/100 (Centralized Leaning). Balancer (BAL) is a Layer 1 cryptocurrency using PoS consensus. Balancer: Governance token for a composable AMM with Vault-centric v3 architecture, extensible hooks, and flexible liquidity pools. Source: https://blockindex.ai/coin/bal · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 34: Node distribution: 0: Initial distribution: 0: Governance: 25: Age and history: 4: Autonomy: 5: Key facts - Layer: Layer 1 - Consensus: PoS (N/A) - Launch: Other (2020) - Founder: Fabien Marino - VC funded: No - Max supply: 96,150,704 - Circulating: 69,788,917 (72.6%) Market data (as of 2026-06-19) - Price: $0.1 - Market cap: $6.73M - 24h volume: $162,963.09 - 24h change: -3.48% · 7d change: -9.62% About Balancer is a decentralized exchange (DEX) infrastructure protocol and automated market maker (AMM) primarily deployed as smart contracts on the Ethereum mainnet. Designed to provide composable and flexible liquidity pools, Balancer V3 centralizes pool accounting and operations within a Vault contract while exposing extensible pool abstractions and a Hooks framework to enable simplified custom pool creation. The protocol emphasizes developer ergonomics through a scaffold repository, extensive documentation, and integrations with subgraph analytics and audit tooling. Balancer’s on-chain architecture permits a range of pool types and fee arrangements while maintaining composability with other DeFi primitives and aggregators. Technically, Balancer V3 introduces several innovations intended to reduce smart contract complexity and enable richer pool behavior: a Vault-centric architecture that consolidates token accounting and swap logic; Decimal Scaling to normalize differing token decimals; Rate Scaling tailored for liquid staking tokens (LSTs); and patterns such as Transient Accounting (the “Till” pattern) and ERC20MultiToken to enable atomic pool state updates. V3 also adds operational primitives like Pool Creator Fees and a Pool Pause Manager, and it exposes a Hooks system for pre/post-operation logic, allowing integrations such as MEV mitigation strategies and intent-aware order routing. The protocol’s code and developer tooling are public on GitHub and accompany an active audit and bug-bounty posture. From an economic and ecosystem perspective, BAL functions as the governance and incentive token for the Balancer protocol. Reported supply metrics in the provided materials indicate a max supply of 96.15M BAL with roughly 70.96M total supply and 68.38M circulating, yielding a circulating percentage near the low-70s. The protocol reports substantial usage-level metrics on-site: a protocol TVL figure cited at $253.6M, approximately 6.3k pools, and site-level 24h volume figures (site: ~$86M; CoinMarketCap excerpt: ~$60.38M). Market data excerpts in the source material show BAL price information, historical ATH and ATL references, and standard exchange listings. Tokenomics include on-chain governance constructs such as veBAL references in the docs, although granular premine/PIP and full allocation breakdowns are not present in the supplied excerpts. Governance for Balancer is documented as DAO-oriented in the provided files, with references to veBAL and DAO & Partner OPs; exact governance mechanics (detailed on-chain parameterization, treasury controls, and voting schedules) are not enumerated in the supplied excerpts. The project maintains an open-source development model with public GitHub repositories and documentation, and an active security posture supported by audits and an Immunefi bug-bounty program. Recent timeline material in the combined sources highlights both positive adoption metrics and significant security events in late 2025, which have influenced governance discussions, reimbursement proposals, and legal inquiries. Looking forward, Balancer V3’s architectural primitives position the protocol for extensible pool design, improved LST handling, and integrations with MEV-aware execution strategies while the DAO and developer community work through recovery, governance, and multi-chain deployment considerations. Links - Website: https://docs.balancer.fi/ - Whitepaper: N/A - GitHub: https://github.com/balancer --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore