FIDA is the native token of Bonfida, a Solana ecosystem project. Bonfida initially served as a tool and analytics platform for the Serum/Solana ecosystem, offering services such as order book tools and APIs. As the project evolved, its focus has shifted significantly.
FIDA Issuance History and Price
The FIDA token was launched in Q4 2020, with its issuance price varying by round:
- Seed Round: In Q4 2020, FIDA completed its seed round funding at approximately $0.05 per token, raising a total of $4.5 million.
- Initial Exchange Offering (IEO): On December 17, 2020, FIDA conducted an IEO on FTX and Bitmax (later rebranded as AscendEX) platforms at a price of $0.1 per token.
- Initial Coin Offering (ICO): On December 22, 2020, FIDA conducted an ICO on the Serum decentralized exchange, also at an issuance price of $0.1 per token.
Therefore, FIDA's public issuance price can be considered approximately $0.1. Its maximum supply is 1 billion tokens.
Project Focus Shift and SNS Token
Between 2024 and 2025, the Bonfida team officially shifted the project's focus to Solana Name Service (SNS). In May 2025, Bonfida announced the launch of a new token, SNS, designed to offer enhanced utility and community incentives, with a total supply cap of 10 billion tokens.
In the new ecosystem design, SNS will become the primary community and governance tool, while FIDA will retain some legacy functions, such as limited discount benefits. This transition marks a significant adjustment in the project's development direction.
Current Market Status
As of October 2026, FIDA's circulating supply is approximately 990 million tokens. According to recent market data, its price fluctuates between $0.018 and $0.02, with a market capitalization ranging from $14 million to $19 million. Investors can check its real-time price and market cap changes on market data platforms like Svmuu.
FIDA's historical price has been highly volatile, reaching an all-time high in November 2021 (data in the source material is contradictory but points to this period), followed by a correction. Its price trend generally aligns with the cyclical fluctuations of the broader altcoin market.
Conclusion
FIDA, as the native token of the Bonfida protocol, had a public issuance price of approximately $0.1. With the project's strategic focus shifting to Solana Name Service and the launch of the new SNS token, FIDA's role and functions within the ecosystem have changed. While investors should consider its historical performance, they should also pay close attention to the project's new developments and potential risks after the transition.
