Grass (GRASS) is a Solana-based DePIN project created by Wynd Network. Currently, it trades at close to $1.82 with a market capitalization that is more than $446 million. The nascent crypto has seen a meteoric rise in interest, evidenced by a 24-hour trading volume close to $66 million. This sudden increase follows its addition to the Bithumb crypto exchange on 25th April 2025. It comes on the heels of its entrance into the Binance Alpha program earlier that month. Grass uses a decentralized, community-owned model that allows individual users to share their spare internet capacity. Combined, this approach not only served to create an authentically engaged user base, but also to create a nimble and lean strategy for scaling its node infrastructure.
The excitement that led to all this recent activity around Grass indicates that interest is heating up in the DePIN project. In recent weeks, Grass has emerged as a major player on the cryptocurrency front. Its second listing on Bithumb, emerging as the top pair on Binance and exceptional on-chain activity has all been impressive. The project’s novel way of sharing bandwidth and that it’s built on Solana blockchain only adds to its sexiness.
Bithumb Listing and Price Surge
Grass (GRASS) was first listed on Bithumb Exchange on April 25th, 2025. This announcement led to a fantastic increase in price of roughly 10.26% over the last 24 hours. Having this listing increased visibility and accessibility to GRASS, likely bringing the trading volume and market capitalization up significantly. The favorable price action indicates that the market has welcomed the listing on Bithumb.
Generally, when a cryptocurrency receives listing on a major exchange — a Bithumb, for example — their trading volume immediately skyrockets. This increase occurs as a result of greater investor ability to enter and participate in the asset, increasing its value. This is particularly great at time use projects such as Grass. They have greatly advanced beyond their early development and adoption stages. The dramatic follow-on price increase confirms the market’s faith in Grass’s future.
The spike in price after the Bithumb listing can be explained by the increased liquidity and investor confidence. Bithumb's established user base and trading infrastructure can provide a more stable and reliable trading environment for GRASS, attracting both retail and institutional investors. This influx of participation can in turn help drive demand and can therefore help support the price of GRASS.
Binance's Involvement and Futures Contract
Grass’s relation to Binance, the world largest crypto exchange, makes it a strong player in the market. Grass’s onboarding to Binance Alpha on April 1, 2025 reflects the high level of recognition, support, and technical means they provided for him. This engagement could give Grass access to Binance’s development resources and blockchain expertise, helping Grass grow its network of DApps and decentralized exchanges faster and further.
Additionally, on November 8th 2024, Binance Futures introduced the USDⓈ-Margined Grass (GRASS) perpetual contract with up to 25x leverage. The availability of a perpetual futures contract allows traders to speculate on the price of GRASS without actually owning the underlying asset. This has the effect of increasing the trading volume and price volatility, which is sometimes useful for getting the project additional eyes and attention.
The launch of a GRASS perpetual contract on Binance Futures provides unique opportunities for traders. They can make money on the direction of price movement, up or down. That leverage magnifies both the potential profit and the potential loss, which is why it’s a favorite tool of highly skilled traders. Such increased trading activity can help add to the overall liquidity and price discovery of GRASS.
Grass's Fundamentals and Future Potential
Grass’s success can’t be measured by exchange listings and trading activity alone. The project is picking up steam due to positive strong on-chain activity. A truly engaged community and a well-executed plan to expand its decentralized node network are fueling this wave. These three items, combined, assure us that Grass already has deep roots and the potential for long-term growth.
Like most DePIN projects, Grass utilizes blockchain technology to establish a decentralized network to share excess internet bandwidth. This unique, new-to-market model tackles an immediate, practical challenge while offering users a method to earn money from their otherwise unproductive assets. The project's unique value proposition and its ability to attract a dedicated user base are key indicators of its potential for success.
Grass’s deployment on Solana, an ultra-fast blockchain, equips it with further capabilities. Solana provides high-speed transaction capabilities along with ultra-low cost transactions. These attributes position it as the ideal base layer for DePIN projects requiring managed, efficient, and scalable infrastructure. By harnessing Solana’s infrastructure, Grass can offer a fast, smooth, and low-cost experience to its users.
