FIDA (Bonfida) rose 20.00% in the last 24 hours

Gate News Bot news, August 13, according to CoinMarketCap, as of the time of writing, FIDA (Bonfida) is currently priced at 0.12 USD, having pumped 20.00% in the last 24 hours, with a high of 0.12 USD and a low of 0.10 USD. The current market capitalization is approximately 115 million USD, an increase of 19.2 million USD compared to yesterday.

Bonfida is a project within the Solana ecosystem that provides Solana Name Service (SNS) as well as a variety of widely used products and repositories. SNS allows users to create human-readable identities, replacing decentralized addresses with domain names. Currently, there are 210,700 users registered with 428,700 domain names, and over 115 integrations have been achieved. FIDA is Bonfida's native token, which has been listed on several mainstream exchanges.

Important news about FIDA recently:

1️⃣ Solana Name Service Airdrop 40% Token Supply Solana Name Service (SNS) announced an airdrop of 40% of its total token supply, aimed at improving the previously deemed unsustainable FIDA token economic model. This significant adjustment is expected to enhance the activity and user participation in the SNS ecosystem, thereby positively impacting the value of FIDA.

2️⃣ FIDA is newly listed on mainstream exchanges Recently, FIDA has been newly listed on several well-known exchanges, significantly improving its liquidity and accessibility. These new trading channels have brought more trading volume and investor attention to FIDA, making them one of the important factors driving its price rise.

3️⃣ Solana ecosystem continues to grow As an important project in the Solana ecosystem, Bonfida and FIDA benefit from the overall development of the Solana network. The performance improvement, user growth, and application expansion of the Solana network create a favorable development environment for FIDA, enhancing investors' confidence in its long-term value.

From a technical perspective, FIDA has broken through recent resistance levels, showing strong upward momentum. However, investors still need to closely monitor the overall market trends and potential retracement risks.

This message does not constitute investment advice; investors should be aware of market volatility risks.