Fluence

FLT (Fluence) has credible fundamentals—an experienced, public team and active DAO governance, clear development cadence across multiple repos with CI/release discipline, and a coherent utility for decentralized compute (staking, provider incentives, governance). However, investment risk is elevated. Security/audit transparency is a notable gap (no widely public, authoritative audit artifact found), token supply is still concentrated with sizable team/investor and treasury allocations and continuing unlocks/emissions through 2025–2026, and real token value accrual depends on revenue-driven buybacks that must execute consistently. Market-wise, Fluence faces strong competition (Akash, Render, Ankr, Golem) and must prove reliable capacity/revenue growth beyond incentive programs; community traction is visible but partly reward-driven. Overall, this is a fundamentally interesting but higher-risk play that may suit small, speculative allocations rather than core holdings. Key upgrades to watch: publish a recognized audit and remediation report, sustained on-chain revenue with regular buybacks, growth in provider capacity/usage, and reduced holder concentration/liquidity improvement.