Coins Research — Grass (GRASS) — 17 March 2026

TL;DR

• Idea: Decentralized network monetizing unused internet bandwidth to power AI data collection via DePIN infrastructure.
• Catalyst: Upcoming Season 2 airdrop in Q4 2025, $10 M funding round led by Polychain Capital & Tribe Capital, and growing demand for AI training data.
• Risks: High token unlock schedule causing dilution, uncertain snapshot timing, and reliance on sustained user participation.
• Score: 7.00/ 10

Coin

• Name/ Ticker: Grass (GRASS)
• Segment: DePIN & AI Infrastructure
• Status: active
• Price: $0.456100

Key Metrics

• Market Cap: $247 599 079
• FDV: $456 653 018
• Circulating Supply: 542 203 969
• Total Supply: 1 000 000 000

Sources

1. https://www.coingecko.com/en/coins/grass
2. https://coinmarketcap.com/currencies/grass/

Technology

• USP: AI+DePIN fusion enabling passive bandwidth contribution rewarded via blockchain tokens.
• Core Technology: Solana-based DePIN protocol with encrypted network nodes performing multi-modal web data crawling for AI training.

Roadmap

• 2024-10-28: Token Generation Event (TGE)
• 2025-10-07: $10M Bridge Funding Round led by Polychain & Tribe Capital
• 2025-10-28: Major Token Unlock (181M GRASS)
• 2025-11-15: Season 2 Airdrop Launch Window

Team & Investors

Team

• Co-Founder — Andrej Radonjic: PhD in applied mathematics and founder of web scraping infrastructure startup
• Co-Founder — Connor White:
• Co-Founder — Chris Gordon:

Investors

• Wynd Labs (Pre-Seed) — Pre-Seed • 2023-07-01 • $1.00M
• Wynd Labs (Seed) — Seed • 2023-12-01 • $3.50M
• HackVC — Series A • 2024-09-01
• Polychain Capital — Bridge • 2025-10-07 • $10.00M
• Tribe Capital — Bridge • 2025-10-07

Total funding: $14.50M

Tokenomics

• Utility: Earn GRASS by sharing unused bandwidth for AI data scraping via Uptime and Network Points.

Pros & Cons

Strengths

• First-mover AI+DePIN infrastructure
• Large decentralized node network
• Strong investor backing
• Clear token generation and reward model
• Growing partnerships with AI labs

Weaknesses

• Significant token unlocks risk dilution
• Uncertain timing for reward snapshots
• Dependence on user bandwidth contributions
• Limited token utility beyond network incentives
• Potential regulatory scrutiny of DePIN operations

Market Signals (7d)

• CEX volume trend: upward
• Active addresses trend: upward

Price Scenarios (target: 2026-09-17)

• Bear: $0.250000 — Comparable valuation to post-unlock lows adjusted for projected network growth
• Base: $0.500000 — Assumes continued user growth and season 2 airdrop demand at current market multiples
• Bull: $1.000000 — Captures successful governance rollout and AI marketplace driving premium utility

How to Buy & Store

CEX

• Bybit
• Gate
• Huobi (HTX)
• Bitunix
• Bitget

DEX

• Orca
• Raydium
• Jupiter
• Serum
• Saber

Storage

• Phantom Wallet
• Solflare Wallet
• Ledger (Solana app)
• Slope Wallet
• Sollet

Verdict

Grass represents a compelling DePIN and AI data infrastructure play with solid fundamentals and strong investor support, though users should be mindful of upcoming token unlocks and reliance on network participation.

Official Links

• Whitepaper
• GitHub
• Messari