Clarification Regarding GRND Exchange and Overview of the GRASS Project
In the cryptocurrency space, we were unable to locate a cryptocurrency trading platform named “GRND Exchange.” The “Grand Exchange” that appears in search results primarily refers to the trading system within the game RuneScape and is unrelated to the cryptocurrency market. Therefore, this article will focus on an in-depth analysis of the GRASS token and its perpetual contracts.
GRASS is an innovative Decentralized Physical Infrastructure Network (DePIN) project designed to support artificial intelligence (AI) training and web data scraping by rewarding users for sharing their unused internet bandwidth. It enables users worldwide to earn passive income by running nodes and helps AI companies acquire real-time web data in a more cost-effective manner.
Technical Architecture of the GRASS Token and Perpetual Contract Mechanism
The GRASS network is built on the Solana blockchain and operates as a Layer-2 solution. This choice leverages Solana’s high throughput and low transaction fees, enabling the network to efficiently manage millions of microtransactions daily and ensure a smooth and efficient bandwidth-sharing process.
GRASS perpetual contracts are a specialized type of cryptocurrency derivative that allows traders to speculate on the future price of GRASS tokens without actually holding them.Unlike traditional futures contracts, perpetual contracts have no expiration date. Traders can use leverage to go long or short based on market trends, thereby amplifying potential gains or losses.
Review of Recent Developments and Market Performance
The GRASS project has demonstrated significant activity recently. As of July 29, 2026, in a market environment where other AI tokens were generally declining, GRASS showed some technical resilience, trading at close to $0.32.
On July 28, 2026, Grass launched the second phase of its airdrop claim period, allowing users to claim USDC rewards for past contributions via the new in-app Grass wallet.This claim window will remain open until January 20, 2027. It is estimated that in the first half of 2026, the project will distribute approximately 170 million GRASS tokens as part of the second-phase airdrop, representing about 17% of the total supply.Looking back, GRASS underwent a highly publicized airdrop campaign in late 2024, which significantly drove its trading volume and price surge, boosting the project’s visibility.
GRASS perpetual contracts have also gained support from major exchanges. OKX officially launched GRASS/USDT perpetual contracts on October 28, 2024, followed by Bitrue, which launched GRASS/USDT perpetual contracts on October 30, 2024.On November 8, 2024, Binance also launched 1x–75x USDT perpetual contracts for GRASS, DRIFT, and SWELL, further enhancing GRASS’s market liquidity and trading depth. Investors can view real-time GRASS quotes and related information on market data platforms such as Svmuu.
GRASS Key Metrics and Market Sentiment
The GRASS token was initially priced at approximately $1.15 when it launched in October 2024.Its historical price has been highly volatile, reaching an all-time high of $3.90 on November 8, 2024, while its all-time low of $0.1679 occurred on February 23, 2026.As of July 31, 2026, the current price of GRASS is approximately $0.316, representing a slight increase of 1.26% over the past 24 hours.
In early July 2026, GRASS’s market capitalization was approximately $330 million to $350 million. As of July 31, 2026, its 24-hour trading volume was $10.96 million.As of early 2026, the GRASS network had over 2 million active nodes worldwide, demonstrating widespread user engagement.
In terms of token economics, 63.2% of the total supply is subject to token unlocking, with 4.58 million GRASS tokens set to be unlocked on July 28, 2026.High volatility is one of GRASS’s defining characteristics; in January 2026, its 30-day realized volatility reached as high as 120%.
Market Sentiment and Potential Risks
Current market sentiment toward GRASS is mixed.Some bullish views suggest that GRASS has rebounded from a key support level and is poised to rise to $0.60. However, some community members remain cautious about the potential for sustained selling pressure resulting from token unlocking and the Phase 2 airdrop. There are divisions within the community regarding user adoption of the new wallet and market absorption of USDC rewards.
Delphi analysts have questioned whether the token is overvalued when the company’s equity generates actual profits. CoinGabbar’s analysis points out that the main reasons for GRASS’s price decline include token unlocking/dilution, potentially reduced demand resulting from the shift to USDC payments, and high correlation with Bitcoin price movements and macro sentiment.
Investors should be aware of the following risks when trading GRASS:
- High Volatility: The price of GRASS fluctuates sharply, which may result in rapid changes in value.
- Regulatory risks: Some countries and regions may impose strict restrictions on bandwidth sharing or cryptocurrency activities.
- Bandwidth Limit: Free users are capped at 10 GB of shared bandwidth per month; heavy users must stake 500 GRASS to unlock unlimited bandwidth.
- Technical limitations: As of now, GRASS does not support mobile devices, which limits participation options for some users.
GRASS tokens can be traded on exchanges that support the token, while perpetual contracts can be traded on exchanges such as OKX, Binance, and Bitrue that support these contracts. Please verify the listing status and fully understand the associated risks before trading.
