The crypto world is buzzing about $FLUID, the governance token for the Fluid DeFi protocol, which has taken over X conversations this week.
Fluid, formerly known as Instadapp, announced on Tuesday the launch of its token buyback initiative, dubbed the Fluid Reserve.
The DeFi protocol, which operates as a connected liquidity layer for lending and decentralized trading on Ethereum and Solana, revealed plans to allocate 100% of its Ethereum mainnet revenue, estimated at $1.7 million for October, toward on-chain buybacks..
The buyback program, executed in small, transparent transactions, aims to bolster governance and stabilize the token’s value.
Fluid has also reached a major milestone, surpassing $6 billion in total market size, up 574% from $816 million last year, further solidifying its position among the top lending and trading platforms in decentralized finance.
The project merges money markets and DEX functionality through its connected liquidity layer, featuring Smart Debt and Smart Collateral mechanisms that allow up to 95% loan-to-value (LTV) ratios and ultra-low 0.1% liquidation fees.
The platform now ranks as the second-largest decentralized exchange on Ethereum and the third across all blockchains, with over $117 billion in cumulative trading volume and $15 million in annualized revenue.
The protocol also leads in stablecoin swaps (USDC/USDT, GHO/USDC, USDe/USDT) and manages $2.5 billion in active loans.
Traders and influencers on X have fueled the momentum, sharing bullish charts and comparing Fluid to established DeFi players like Hyperliquid.
The team behind Fluid is now setting its sights on reaching a $10 billion market size and $30 million in annual revenue, with a DEX V2 launch on the horizon.
The FLUID token jumped 10% within 24 hours, rising from $6.39 to $7.04 early Tuesday. Meanwhile, spot trading volume surged nearly 190% in a single day, hitting $15.6 million and lifting the project’s market capitalization to $526 million.
Why This Matters
Fluid’s buyback initiative marks one of the most aggressive revenue-to-token strategies in DeFi, signaling growing confidence in the protocol’s sustainability.
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People Also Ask:
FLUID is the governance token for the Fluid DeFi protocol, a decentralized finance platform offering lending and trading on Ethereum and Solana.
Fluid acts as a connected liquidity layer, combining money markets and decentralized exchange (DEX) functions, allowing Smart Debt and Smart Collateral management with high loan-to-value ratios.
The Fluid Reserve is a token buyback initiative where Fluid allocates 100% of its Ethereum mainnet revenue to buy FLUID tokens on-chain, aiming to stabilize the token’s value and boost governance.
Fluid has surpassed $6 billion in total market size, reached over $117 billion in cumulative trading volume, and manages $2.5 billion in active loans, ranking as a top DEX on Ethereum and across blockchains.
FLUID can be traded on major decentralized exchanges supported by the Fluid protocol on Ethereum and Solana, with active liquidity and stablecoin swap options.
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