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    Bonfida

    FIDA

    @bonfida

    Evaluation Score

    Overall rating on a scale of 0-10

    RiskReturn
    06.810
    Risk Level:
    Medium
    Recommendation:Hold
    Evaluated:January 10, 2026 (v8)

    Dimension Breakdown

    Development Activity6.5
    Community Health4.5
    Tokenomics8.5
    Market & Use Case5.2
    Team & Governance7.5
    Security & Audits8.0

    Whale Pulse

    Large transaction flow (>$10k)

    No whale transactions >$10k detected recently for FIDA.

    AI Analysis

    Comprehensive evaluation of the token

    Bonfida (FIDA) presents a distinct dichotomy between excellent fundamental metrics and a compromised value proposition. Quantitatively, the token scores highly due to pristine tokenomics (99% circulating supply, no inflation risk) and a flawless security history with top-tier audits and no exploits. The project remains a key infrastructure player on Solana, with the Solana Name Service (SNS) achieving significant adoption. However, the investment thesis for FIDA specifically is heavily diluted by the project's strategic pivot to a dual-token model, where the new SNS token captures the governance and narrative of the flagship naming product. This has fractured community sentiment and left FIDA with a confused utility profile, primarily relegated to legacy tools and buy-and-burn mechanics rather than active governance of the ecosystem's growth engine. While the team is credible and the code is secure, the exclusion of FIDA from the SNS governance layer, combined with recent exchange scrutiny (Bithumb watchlist), creates a ceiling on its potential performance despite the deflationary supply structure.

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    Development Activity

    Code updates and developer engagement

    RiskReturn
    06.510

    Community Support

    Social media presence and community engagement

    RiskReturn
    04.510

    Tokenomics

    Supply, distribution, and utility

    RiskReturn
    08.510

    Market & Use Case

    Value proposition and competitive landscape

    RiskReturn
    05.210

    Team & Governance

    Team background and project governance

    RiskReturn
    07.510

    Security & Audits

    Security history and audit status

    RiskReturn
    08.010
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    About Bonfida (FIDA)

    Solana Name Service (FIDA)

    Solana Name Service (SNS) is a decentralized naming protocol on the Solana blockchain, enabling human-readable domain names and seamless web3 identity. The native utility token, FIDA, powers domain registration fees, governance, staking, and premium name auctions.

    Key Features

    • Decentralized Domain Registry: Securely map human-readable names (e.g., alice.sol) to Solana wallet addresses, SPL tokens, NFTs, and other on-chain resources.
    • Fast & Low-Cost: Built on Solana’s high-throughput network to deliver sub-second transactions and minimal fees for domain registration and resolution.
    • FIDA Token Utility: Pay for domain registrations, participate in governance votes, stake for premium auction access, and earn rewards.
    • Community Governance: FIDA holders can propose and vote on protocol upgrades, parameter changes, and ecosystem initiatives through the SNS DAO.

    Use Cases

    • Web3 Identity: Replace long wallet addresses with memorable domain names for DeFi, NFTs, and dApp interaction.
    • Decentralized Websites & dApps: Host static sites and decentralized applications under SNS domains.
    • NFT Domain Marketplace: Buy, sell, and trade exclusive Solana-based domain names in a permissionless marketplace.

    Technical Highlights

    • Built on Solana: Leverages Solana’s proof-of-stake consensus for scalability, security, and cost efficiency.
    • Open-Source & Composable: Integrates with wallets, DeFi protocols, marketplaces, and cross-chain bridges.

    Token Name: Solana Name Service Symbol: FIDA

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