TL;DR
- Idea: Decentralized bandwidth-sharing network monetizing unused internet bandwidth for AI data training and inference
- Catalyst: $10 M bridge round led by Polychain Capital and Tribe Capital on 2025-10-07, sustained top-10 placement in CoinGecko trending search
- Risks: Upcoming 5.69% circulating supply unlock on 2026-05-27 may exert downward pressure; high FDV/circulating supply ratio; reliance on Solana network performance; limited on-chain utility visibility
- Score: 7.00/ 10
Coin
- Name/ Ticker: Grass (GRASS)
- Segment: DePIN, AI Infrastructure
- Status: Active
- Price: $0.605600
Key Metrics
- Market Cap: $147 720 481
- FDV: $605 640 000
- Circulating Supply: 243 905 091
- Total Supply: 1 000 000 000
Sources
Technology
- USP: Decentralized DePIN network enabling users to monetize unused internet for AI training and inference
- Core Technology: Solana-based protocol with bandwidth proof-of-service, token incentives and zero-knowledge proofs for secure data validation
Roadmap
- 2023-07-04: Pre-Seed round
- 2023-12-19: Seed round
- 2024-09-22: Series A round
- 2025-10-07: Bridge funding $10M led by Polychain & Tribe
- 2026-05-22: Revenue milestone $2.8M on Solana DePIN
Team & Investors
Team
- Co-Founder & CEO — Andrej Radonjic:
- Chief Technical Officer — Joseph Mason:
- Blockchain Developer — Marcelino Hanandi:
Investors
- Polychain Capital — Bridge • 2025-10-07
- Tribe Capital — Bridge • 2025-10-07
- Various Investors — Series A • 2024-09-22
- Various Investors — Seed • 2023-12-19
- Various Investors — Pre Seed • 2023-07-04
Total funding: $14.50M
Tokenomics
- Utility: Incentivize bandwidth sharing and monetize idle internet for AI data infrastructure
- Next Unlock: 2026-05-27 (5.69% of circulating)
Pros & Cons
Strengths
- Strong DePIN and AI infrastructure use-case
- Backed by top crypto VCs (Polychain, Tribe)
- Solid recent funding of $10M bridge round
- 8.5 M monthly active users
- Consistently top-10 CoinGecko trending search
Weaknesses
- Upcoming token unlock may dilute price
- High FDV-to-market cap ratio
- Reliance on Solana network health
- Limited on-chain TVL metrics
- Opaque vesting schedule
Price Scenarios (target: 2026-11-26)
- Bear: $0.300000 — Assumes 50% downside scenario from current price due to market correction and unlock dilution
- Base: $0.610000 — Continues current trading range and adoption trends
- Bull: $1.200000 — Assumes successful roadmap execution, increased enterprise adoption and user growth
How to Buy & Store
CEX
- Bybit
- OKX
- Gate
- LBank
- Bitget
DEX
- Raydium
- Orca
- Jupiter
- Saber
- Serum
Storage
- Phantom Wallet
- Solflare
- Ledger
- Trezor
- MetaMask
Verdict
Grass presents a compelling DePIN and AI infrastructure proposition with strong VC support and a growing user base, but investors should monitor upcoming unlocks and Solana network dependencies.
Official Links
Source: Coin Research (internal)
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