Bonfida is the core platform behind the Solana Name Service (SNS), providing a permissionless and censorship-resistant way for users to establish their on-chain identity using .sol domains. Built natively on Solana, SNS uses the network’s low latency and cost efficiency to deliver a comprehensive Web3 naming system. Users can register, manage, trade, and utilize domains while maintaining Solana as the source of truth for data integrity.

SNS also functions as a global identity layer. Through advanced record management, profiling capabilities, and cross-chain interoperability enabled by the Wormhole bridge, Bonfida allows users to carry a unified blockchain identity across multiple networks.

What is the FIDA token?

FIDA is the native utility token of the Bonfida and Solana Name Service ecosystem.  FIDA holders receive reduced trading fees on domain transactions and an exclusive discount on domain registrations. Token holders are able to participate in protocol decision-making through governance mechanisms, including the planned integration of quadratic voting. FIDA also features a deflationary element, as tokens acquired by the protocol are bought back and burned on-chain

Here are some of the token key aspects you should consider:

• Trading Volume (24h): The trading volume of FIDA in the past 24 hours is 13.93 million.
• Circulating Supply: The circulating supply of FIDA is 990.91 million tokens.
• Total Supply: The total supply of FIDA is 990.91 million tokens.

Trade FIDA with 0% Fees

Trade FIDA to participate in the evolution of the Solana Name Service and its expanding role as a global Web3 identity layer. To do so head over to our trading page to secure your tokens with 0% fees.