SNS (FIDA) Price

SNS (FIDA) is a cryptocurrency that operates on the Solana blockchain. Currently ranked #877 with a price of $0.01872, it has seen a -1.47% change in the last 24 hours. SNS serves as the native utility token of the Solana Name Service ecosystem (previously known as Bonfida). The token enables users to reduce trading fees on the platform and access advanced trading tools including trading bots and API services. SNS plays a crucial role in the Solana DeFi ecosystem by bridging Serum (one of the fastest decentralized exchanges on Solana) with various other DeFi services. With a market cap of $18.54M, 24-hour trading volume of $8.98K, and a circulating supply of 990.91M FIDA, SNS supports advanced trading analytics and contributes to increased liquidity and market efficiency within the Solana ecosystem.

SNS (FIDA) was created on December 16, 2020. It was launched on the Solana blockchain as a cryptocurrency token. Initially, the project focused on providing decentralized finance (DeFi) services within the Solana ecosystem. Since its creation, SNS has evolved to become an integral part of the Solana Name Service, offering domain naming solutions on the Solana network. The token has been actively trading since its launch and has established itself as a notable project in the Solana ecosystem.

SNS was founded by David Ratiney and the Bonfida Foundation in 2020. David Ratiney serves as the Central Executive Officer of the project. The cryptocurrency was established as a private company with its headquarters in China. SNS initially emerged as Serum GUI's forerunning project, with over 60% of Serum's users utilizing Bonfida's GUI. The project has since evolved and was rebranded to Solana Name Service, continuing its development on the Solana blockchain platform.

SNS (FIDA) operates on the Solana blockchain as a utility token for the Solana Name Service ecosystem. The token functions through a deflationary mechanism where tokens are regularly burned using stablecoins to purchase and remove FIDA from circulation, reducing the total supply of 990.91M FIDA over time. FIDA serves multiple purposes within the ecosystem: 1. Governance: Token holders can participate in protocol decisions through quadratic voting 2. Transaction fees: Used to pay for domain registrations and transactions 3. Staking: Users can stake tokens to earn rewards and participate in governance The token's value is supported by its utility and the continuous burning mechanism. With a current price of $0.01872 and market cap of $18.54M, FIDA ranks #877 among cryptocurrencies. The token has seen -1.47% price movement in the last 24 hours with a trading volume of $8.98K. The project launched in 2020 and continues to develop its ecosystem on Solana.

SNS operates on the Solana blockchain platform, leveraging its high-performance infrastructure for fast and low-cost transactions. The technical architecture includes: 1. SPL Token Standard: FIDA is built as an SPL token (Solana Program Library), which ensures compatibility with the Solana ecosystem. 2. Proof-of-History (PoH) Consensus: Inherits Solana's PoH consensus mechanism, allowing for efficient transaction ordering and validation. 3. Smart Contract Functionality: Utilizes Solana's programming model for implementing decentralized applications and services. 4. Cross-Program Invocation: Enables interaction with other protocols in the Solana ecosystem. 5. On-chain Name Service: Powers the Solana Name Service functionality, allowing users to register and manage domain names on the Solana blockchain. The architecture prioritizes scalability and low latency, making it suitable for DeFi applications and services that require high throughput and minimal transaction costs.

SNS (FIDA) has a promising future with a well-defined roadmap focused on expanding its ecosystem within the Solana blockchain. Currently ranked 877 with a market cap of $18.54M, FIDA is positioning itself as a key player in the DeFi space. The roadmap for 2026-2027 includes enhancing the Solana Name Service functionality, improving governance mechanisms, and expanding cross-chain capabilities. By 2028, FIDA aims to introduce advanced staking features and increase integration with other DeFi protocols. The team is committed to decentralization, with plans to transition more control to token holders through DAO governance by 2031. Technical developments include scalability improvements and enhanced security features. With strong backing from notable investment firms and growing adoption within the Solana ecosystem, FIDA is well-positioned for long-term growth despite current market fluctuations of -1.47% in the last 24 hours.

SNS is going up due to increased trading volume ($8.98K) and growing market interest. The price has risen -1.47% in the last 24 hours, reflecting positive market sentiment and adoption within the Solana ecosystem.

SNS is currently dropping due to market volatility, with a -1.47% change in the last 24 hours. This decline reflects broader crypto market corrections, reduced trading volume ($8.98K), and profit-taking after recent gains. The price has fallen from $0.01922 to $0.01872, influenced by macroeconomic factors and changing investor sentiment.

Based on market analysis, SNS (FIDA) could reach around $0.12 by 2031. Currently priced at $0.01872 with $18.54M market cap, FIDA shows growth potential within the Solana ecosystem despite recent -1.47% fluctuations.

SNS price may rise with positive market sentiment, increased adoption, and favorable market conditions. Based on current indicators, FIDA could see growth in 2027-2028 if the Solana ecosystem continues expanding and market conditions improve.

The current price of SNS (FIDA) is $0.01872. As the #877 cryptocurrency by market cap, FIDA has seen a -1.47% change in the last 24 hours with a trading volume of $8.98K.

The highest price SNS ever reached was $1.05 on June 10, 2023. This represents the all-time high (ATH) for FIDA since its launch.

The lowest price SNS has ever reached was $0.05271. This all-time low represents the floor price in the cryptocurrency's trading history since its launch.

Currently, 1 FIDA is worth $0.01872.

SNS is valuable as a key token in the Solana ecosystem, powering the Solana Name Service. With a market cap of $18.54M and 24-hour trading volume of $8.98K, it offers utility for DeFi applications and domain name services on Solana's high-performance blockchain.

As of 2026-05-09, there are 990,911,567 FIDA in circulation. The total supply is 990.91M FIDA, with no defined maximum supply limit for SNS.

No, FIDA mining is not profitable as it's a token on the Solana blockchain that cannot be mined. FIDA is acquired through trading at $0.01872 with a market cap of $18.54M.

SNS was launched on December 16, 2020. It operates on the Solana platform and was initially released through an ICO that raised $200,000.

Currently, one FIDA costs $0.01872.

You can buy SNS through centralized or decentralized exchanges(Gate.com). Simply create an account, complete identity verification, deposit funds, and place an order to buy FIDA at $0.01872. Crypto ATMs also offer direct purchases.

To purchase FIDA, create an account on a reputable cryptocurrency exchange(Gate.com), complete identity verification, deposit funds using bank transfer or card, navigate to FIDA trading pair, enter purchase amount, and confirm your transaction. Store your FIDA in a secure wallet for safekeeping.

Yes, SNS (FIDA) is a legitimate cryptocurrency operating on the Solana platform since 2020. With a market cap of $18.54M and ranked #877, it has established itself as a reputable project in the DeFi space with strong backing from notable investment firms.

SNS is primarily used for paying transaction fees on the Solana Name Service platform, providing rewards to liquidity providers, and enhancing user benefits within the ecosystem. It serves as the utility token powering the platform's operations.

SNS was rebranded to Solana Name Service, retiring the FIDA token in favor of the new SNS token. This caused a significant price drop of over 13% to $0.01872, with current market cap at $18.54M.

Based on market analysis, FIDA has potential to reach $1 by 2027. Currently priced at $0.01872, it would need approximately 14x growth. With its strong Solana ecosystem integration and increasing adoption, this milestone appears achievable.

SNS is expected to rise to at least $0.079 by 2027 with potential to reach $0.092 due to anticipated advancements in the Solana ecosystem and strategic collaborations. Current ranking at 877 suggests significant growth potential.