Fluid describes itself as the layer that connects liquidity across finance as efficiently as possible. Of the 7 things it promised, it delivered 0, 7 are still open (7 with no date); nothing dated is coming up. It trades at $1.16, #280 of all coins by size, 95% below its highest ever price.
This week Nothing changed on its record.
A real job, real backing. Delivered 0 of 7, none late. Nothing dated ahead. #53 of 458 DeFi coins. Nothing to be careful of on the record.
Is it real?
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3 of 4
- ✓A real-world jobReal-world purpose: decentralized finance (defi)
- ✓Real backingBacking: backed by Coinbase Ventures; trades on Coinbase, OKX, Bybit
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- ✓Room to growRoom: worth $97.24M, 98 times smaller than Rain, the biggest coin within reach doing the same thing (Decentralized Finance (DeFi))
Backed by Coinbase Ventures and 1 more
- Origin16 June 2021about about 5 yearsfluid.io, GitHub
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingCoinbase Ventures, Pantera CapitalInvestor tags from CoinGeckoListed on Coinbase, OKX, Bybit, Upbit
- Standing on the record0 of 70 confirmed by outside news0 headlines last month11,276 people keep it on a CoinGecko watchlistNo corrections needed so far
It is already worth more than the typical coin in Decentralized Finance (DeFi) ($8.74M). To match the leader, Rain ($9.52B), its price would need to rise 9687%, to about $113.53.
Still to check
- 7 dated promises, none delivered yet
- Only 0 headlines named it last month
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
0 of 7
promises delivered, by the project's own pages
0 of those confirmed by an outside news report
Promises by the year they were due
delivered open past due
The project gives no dates for these, so there is no line to draw. What its pages say, in plain words:
Still open, undated (7)
- Fluid says that when DEX v2 launches, it will support four…
- Fluid says DEX v2 will let anyone create certain types of…
- Fluid says that in the future, anyone will be able to…
- Fluid says it will launch its trading exchange on Solana…
- Fluid says it will let users pick a loan length and lock…
- Fluid says it will let users borrow onchain against…
- Fluid says new institutional asset managers will be able…
- Openno dateFluid says that when DEX v2 launches, it will support four major types of trading pools.
- Openno dateFluid says DEX v2 will let anyone create certain types of lending and trading pools, with some types requiring approval from Fluid's governance.
Details
“DEX v2 is built with modularity and permissionless expansion in mind. It will support: Fully Permissionless Smart Lending Pools Conditionally Permissionless Smart Collateral Conditionally Permissionless Smart Debt Conditionally Permissionless Smart Collateral and Smart Debt”
- Openno dateFluid says that in the future, anyone will be able to create any kind of collateral or debt position without needing approval.
- Openno dateFluid says it will launch its trading exchange on Solana soon.
- Openno dateFluid says it will let users pick a loan length and lock in a fixed interest rate in advance.
Details
“Fixed-Rate Borrowing — select any loan duration and lock in a fixed rate upfront, eliminating variable-rate exposure entirely. Genuine predictability in onchain borrowing, for the first time, enabling serious capital planning for individuals and institutions alike.”
- Openno dateFluid says it will let users borrow onchain against collateral that is held in offchain custody.
- Openno dateFluid says new institutional asset managers will be able to set risk and lending rules across the Fluid system.
What is next, and when?
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Nothing dated
The project has not put a date on anything still open. That is a fact worth knowing.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Decentralized finance (defi)
465 coins tagged Decentralized Finance (DeFi), worth $76.73B together. #54 of 465 by worth.
Decentralized Finance (DeFi): this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Fluid$97.24Mthis coin−3.0%84% out0 of 7 delivered
Rain$9.52B97.9× bigger, +$9.42B−11.2%, gap −8.262% outno record
Chainlink$8.5B87.4× bigger, +$8.4B−0.4%, gap +2.775% outnone dated
Dai$4.59B47.2× bigger, +$4.49B−0.0%, gap +3.0no maxnone dated
Uniswap$4.12B42.4× bigger, +$4.03B+4.3%, gap +7.362% outnone dated
Bitway$1.97B20.2× bigger, +$1.87B−4.3%, gap −1.327% outnone dated
Aave$1.95B20.1× bigger, +$1.86B+0.2%, gap +3.296% outno record
Aster$1.85B19.1× bigger, +$1.76B−1.5%, gap +1.534% outno record
Decentralized Finance (DeFi): this coin next to Rain, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Fluid says
- Fluid describes itself as the layer that connects liquidity across finance as efficiently as possible.
- Rain says
- Rain is a decentralized options protocol built on Arbitrum.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
Fluid describes itself as the layer that connects liquidity across finance as efficiently as possible.
Its listing puts it this way: On Instadapp, users and developers manage and build their DeFi portfolio - the world's most advanced platform to start leveraging the full potential of Decentralized Finance.
Problem it says it solves: decentralized finance (defi). 465 coins are working on it and together they are worth $76,729,633,630. This coin is 0% of that.
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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Decentralized Finance (DeFi): this coin next to the group's largest, Rain.
| Fluid | Rain | |
|---|---|---|
| Years trading | 5 years | 1 year |
| Major exchanges | 4 | 1 |
| Named backers | 2 | 0 |
| Headlines, last month | 0 | 44 |
| Promises delivered | 0 of 7 | no record |
What it says is different: On Instadapp, users and developers manage and build their DeFi portfolio - the world's most advanced platform to start leveraging the full potential of Decentralized Finance.
It is 1.0% the size of Rain. On the facts above it is behind on headlines, last month. For that gap to close, the record would need deliveries showing up in its record, news that names it. Nothing here says it will; the site does not predict.
The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $24.40 on 16 June 2021. Today is 5% of that.
84%
of all FLUID that will ever exist is already out in public hands: 83.7M coins.
16% (16.3M coins) is already created but not in public hands, held by the project or locked in escrow. That is a small share. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
Its pages do not say what holding it gets you
That is worth knowing before buying. A coin nobody needs is priced on hope.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- of the maximum supply is in circulation: 83.7M of 100M.
- 16.3Mcoins still to be released, 16% of the maximum. Releases can add selling pressure.
- 1.2×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $24.40 on 16 June 2021. That is −95.2% from the top.
- #280by market cap, $97,237,531.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
What the news says
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Nothing in the news this month.
Nothing matched in the last month from the sources we read. CoinDesk, Cointelegraph, Decrypt, The Block, plus Google News searches for coins with a record and the top 100.
The record itself
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy
Fluid describes itself as the layer that connects liquidity across finance as efficiently as possible.
“Finance's most capital-efficient liquidity layer.”source · snapshot · captured 2026-09-14
Live. The record does not yet cite when this stage began.
0 of 7 promises delivered. 7 open.
Others in lending protocols: Cap 3 of 10, XRP 2 of 3, Kamino 0 of 1, Maple Finance 0 of 1, and 2 more.Others in decentralised exchanges: Synthetix 6 of 11, XRP 2 of 3, Stellar 0 of 20, THORChain 0 of 1.
No public code repository is listed in this record.
None of the project's captured pages has changed since capture began on 13 September 2026.
Nothing further to flag from the record as it stands.
This record was drafted by a machine from captured pages and has not yet been checked by a person. Treat every line as unverified until that note changes.