The decentralized physical infrastructure network (DePin) project GRASS has officially launched on major cryptocurrency exchanges following its highly anticipated airdrop. Despite initial selling pressure from early recipients, the GRASS token surged past the $1 mark shortly after listing, showcasing strong market demand and investor confidence.
This price momentum highlights growing interest in DePin ecosystems—blockchain-powered networks that incentivize users to contribute real-world resources like bandwidth, storage, or computing power. GRASS, developed by Wynd Network, enables users to earn tokens by sharing their unused internet bandwidth via a simple browser extension, positioning it at the forefront of this emerging sector.
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GRASS Price Jumps to $1.10 Amid Strong Trading Volume
Prior to its official exchange listing, GRASS was trading in the pre-market at approximately $0.73. However, once available for public trading, the token’s price quickly climbed from an opening low of $0.65 to a peak of $1.10—an impressive gain of over 69% in a short period.
This surge pushed GRASS’s fully diluted valuation (FDV) above $1 billion. FDV is a key metric in crypto that estimates a project’s total market value if all tokens—both circulating and non-circulating—were issued at the current price. While the price later pulled back to around $0.87, it remains significantly higher than pre-listing levels, indicating sustained market optimism.
More notably, GRASS has rapidly become the most actively traded token in the DePin category. According to CoinGecko data, its 24-hour trading volume exceeded $225 million, outpacing established players like Bittensor (TAO), Filecoin (FIL), and io.net (IO). This dominance underscores strong speculative and utility-driven interest in the project.
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The success of GRASS reflects broader market enthusiasm for real-world asset (RWA) and decentralized infrastructure models, where users are directly rewarded for contributing to network growth.
Circulating Supply Debate Raises Long-Term Questions
While the price action has been bullish, questions have emerged about GRASS’s actual circulating supply. Official tokenomics state that 25% of the total 1 billion GRASS supply—250 million tokens—is initially circulating. However, community analysis suggests the liquid supply available for trading may be far smaller.
A detailed breakdown shared by an X (formerly Twitter) user indicates that only about 5–6% of the total supply is truly liquid:
- ~10% allocated for the first airdrop, with only around half claimed so far (claims remain open until mid-January).
- Another 10% reserved for future router and staker rewards, released linearly over several years.
- 1.37% set aside for the foundation to support exchange listings and liquidity pools.
“Real circulating for GRASS is not 25%, it’s 5–6%,” noted crypto analyst Pickle_cRypto. “So really, the liquid supply right now is around 5–6%.”
This discrepancy between stated and actual liquidity is critical. Projects with high FDVs but low circulating supplies often experience extreme volatility, as small trades can disproportionately impact price.
Furthermore, Tokenomist, a blockchain analytics platform, has warned that such token structures carry inherent risks:
“Projects that have a small circulating supply but a high fully diluted valuation (FDV) can be quite risky for those looking to invest for the long term.”
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Unlock Schedule and Potential Selling Pressure
GRASS operates on a linear unlock model that will continue until 2028. According to CryptoRank data, approximately 0.01% of the total supply (about 146,200 GRASS tokens) will be unlocked daily until October 28, 2025.
While this gradual release helps prevent immediate market flooding, it also introduces consistent downward pressure over time. As more tokens enter circulation—especially from staking rewards and unclaimed airdrops—the balance between supply and demand will be tested.
Investors should monitor:
- Airdrop claim rates
- Staking participation trends
- Exchange inflows from newly unlocked tokens
These factors will play a crucial role in determining whether GRASS can maintain its current valuation or face correction as liquidity increases.
What Makes GRASS Stand Out in the DePin Space?
GRASS differentiates itself through accessibility and user engagement. Unlike compute-heavy DePin projects requiring expensive hardware, GRASS users earn tokens simply by installing a browser extension and allowing their idle internet bandwidth to support decentralized AI and web3 services.
This low-barrier entry model has contributed to rapid user acquisition, fueling both network growth and trading volume. As AI-driven data demands rise, projects like GRASS that provide decentralized data infrastructure are becoming increasingly valuable.
Moreover, being built on proven infrastructure and backed by active community participation positions GRASS as more than just a speculative asset—it's part of a growing movement toward user-owned internet resources.
Frequently Asked Questions (FAQ)
Q: What is GRASS?
A: GRASS is a decentralized physical infrastructure network (DePin) that rewards users with GRASS tokens for sharing their unused internet bandwidth via a browser extension.
Q: Why did GRASS price exceed $1 after listing?
A: Strong market sentiment, high trading volume exceeding $225 million, and limited initial liquid supply contributed to the price surge post-listing.
Q: Is GRASS a good long-term investment?
A: While early performance is promising, long-term viability depends on user retention, utility development, and how well the project manages ongoing token unlocks.
Q: How much GRASS is currently in circulation?
A: Although 25% (250 million) is designated as circulating supply, only about 5–6% may be truly liquid due to vesting schedules and unclaimed airdrops.
Q: When will all GRASS tokens be released?
A: The linear unlock process extends until 2028, with around 146,200 tokens released daily until October 28, 2025.
Q: How does GRASS compare to other DePin projects?
A: GRASS stands out for its low entry barrier—users earn without specialized hardware—making it more accessible than projects like Filecoin or Bittensor.
The combination of strong launch metrics and real-world utility makes GRASS one of the most watched DePin launches of 2025.
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