FLUID has achieved something never before seen in the world of decentralized finance (DeFi).
In its first 100 days, the project amassed $10 billion in trading volume on Ethereum—a number that has since gone up—and done so at a pace that probably no one anticipated when FLUID first launched in May 2023. Not only is FLUID the fastest to reach that milestone on Ethereum, but it also is blowing past every other project in DeFi in terms of the sheer volume.
$FLUID, the native token of FLUID, has not only met volume expectations but has also taken its price action to remarkable heights. While other tokens have floundered within a dark market condition of stagnant sentiment, $FLUID has shown an impressive resilience and upward trajectory. It has climbed from $3.60 to $5.90—a return of approximately 39.49%. When you couple this with the strong volume metrics, you begin to understand why the DeFi community and others have been buzzing about FLUID.
A Record-Breaking Achievement
Contextualizing FLUID’s accomplishment of hitting $10 billion in volume in just 100 days puts its success into clear relief. It is an impressive milestone that certainly is not “smooth” sailing across the Ethereum blockchain and wider DeFi ecosystem. FLUID now holds the record of fastest to this benchmark on Ethereum, and you gotta give a serious nod of respect when someone is pulling ahead in the DeFi space.
This breakneck growth has actually outpaced some of the largest decentralized exchanges (DEXs) and other platforms in DeFi history, making FLUID one of the most exciting new projects in the space. Indeed, as of now, and in terms of adoption and volume, FLUID has not just matched but has actually outperformed some of the metrics set by the major early DEXs, and is thus a true innovator within DeFi.
This success is also noteworthy for its timing. FLUID has managed to achieve this record growth in the face of wider market volatility, underscoring its ability to thrive even in uncertain conditions. While many DeFi projects have been straining to hold on to any semblance of user engagement or even volume during this prolonged (and apparently not over yet) market downturn, FLUID has somehow managed to achieve the appearance of consistent growth.
Strong Uptrend Amid Market Uncertainty
Although the DeFi market is facing tough times, FLUID’s price movement proves that its ecosystem is strong. The price of $FLUID has risen steadily; from $3.60, it now sits at $5.90. That’s a solid 39.49% increase in a short timeframe. And this is all the more impressive given that most of the market is struggling right now to even maintain the hope of a “next bull run.”
What is even more impressive about FLUID’s price action is the consolidation pattern that has developed over the past few weeks. The market has seen some sideways movement, but this is only serving to build a strong foundation for further gains. Volume metrics tell us that the project is getting ready to make a very nice move to the upsides.
A few upside price moves in FLUID look to be in the cards, working out a very nice consolidation with good volume, which signifies that a move to the upside is likely.
Additionally, the ability of FLUID to uphold a robust upward trend in times of uncertainty is a loud and clear signal about the project’s fundamentals. With its distinctive offering, and an increasingly expansive user base, the platform has cemented itself as a credible player in the DeFi space, winning over the confidence of both investors and traders to boot. As the market settles down, it looks set to keep on keeping on.
The Team Behind the Success: Former Instadapp Developers Delivering Results
The swift development of FLUID can be largely attributed to the highly skilled team driving the project. The core of FLUID consists of former members of Instadapp, a well-regarded DeFi protocol noted for its clever and interesting solutions. This background has served the platform very well. The team’s profound grasp of the DeFi marketplace has enabled them to deliver a product that—more or less—fits the bill.
The developers’ experience in decentralized finance has allowed them to create a platform that marries simplicity with potent capabilities. FLUID’s interface is easy enough for even the most novice of investors to understand, yet the power of the system under that interface has attracted a range of users from individuals to professional firms.
As FLUID keeps expanding, the team’s know-how will be vital to preserve its speed and direction. The track record that the team has in the DeFi space is more than adequate for tackling the tasks at hand, which are twofold: to scale the platform and to meet the market’s unfurling and shifting demands.
Looking Ahead: FLUID’s Future in DeFi
The future is very bright for FLUID. The project has already proven its capability to generate large amounts of volume in short time spans, and its impressive price action suggests that it is built on a strong foundation that allows for sustainable growth. FLUID is definitely well on its way, under the continued support of a dedicated team and a growing community, to being a key player in the DeFi space.
FLUID’s ongoing innovation and expansion means that it is likely to hit a benchmark moment for other DeFi projects soon. This is partly because its impressive price action and market performance make it a leading candidate for the most exciting project in DeFi today. But also, because it has accomplished all that it has in such a short window of time—recording achievements that, with any other project, we would call breakthrough.
To conclude, the appearance of FLUID in decentralized finance brings with it a total volume of $10 billion and an achievement of the top spot within the category of decentralized exchange. Added to this seems to be a powerful development team, and what one sees here, in summation, is a picture of a project that appears to be quite well positioned in DeFi. That all said, questioning this project further seems advisable before one considers throwing capital at it.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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