Convert between FLUID and US dollars at the live rate.
$24.40
−95.47% from current
$0.366538
+200.11% from current
Independent editorial ranking. Score is 0–10 across six criteria: Security, Fees, UX, Features, Support, Reputation.
US and EU users who prioritise a spotless security record — no major hack since 2011 — and want a serious pro-grade trading terminal.
Institutions and funds requiring an SEC-registered venue with segregated qualified custody and audited on-chain reserves.
Active spot traders chasing the deepest global liquidity and the widest listing catalogue outside the US perimeter.
Traders who mix spot and on-chain — the Web3 wallet, DEX aggregator and Ethereum L2 X Layer sit inside the same account as CEX pairs.
Long-horizon EU holders who want the oldest continuously-operating exchange (2011) with conservative listings and full MiCA licensing.
Derivatives-first traders who want tighter perp funding and a maker-friendly fee schedule; accept offshore regulatory footprint.
Top coins in the same category, ordered by market cap.
Fluid is a unified DeFi protocol that combines lending, a DEX, and smart vaults into one liquidity layer. It is the flagship product of the team formerly known as Instadapp, which spent years building DeFi middleware (the Instadapp dashboard, DSA smart accounts, and the lite stETH vault) before pivoting in 2024 to launch Fluid Protocol as a single, integrated money market.
The original INST governance token rebranded to FLUID in 2024 as part of the same shift. FLUID holders govern protocol parameters, fee splits, and risk policy. Fluid runs on Ethereum mainnet and Arbitrum, with deployments expanding across other EVM chains as liquidity grows. The protocol is best known for its "Smart Collateral" and "Smart Debt" primitives, which let the same capital provide liquidity to a DEX and back a borrowing position at the same time.
FLUID lists on most major spot venues, with the deepest pairs on FLUID/USDT and FLUID/ETH. The live price card on this page pulls from a multi-venue feed and refreshes every 60 seconds. The reference quote is volume-weighted across the most liquid order books. INST hit its all-time high during the 2021 DeFi cycle; the rebranded FLUID has traded inside a fresh range tied to Fluid Protocol adoption rather than to the old Instadapp dashboard narrative.
What actually moves FLUID on any given week:
The numbers in the price card above are live. For multi-year scenarios, see our Fluid price forecast.
Fluid is a unified liquidity layer. Instead of running a money market and a DEX as separate protocols with separate liquidity, Fluid pools them into one set of vaults so the same dollar can earn lending yield and trading fees at once.
The result is a money market that runs at materially higher capital efficiency than a stand-alone Aave or Compound deployment. The trade-off is more moving parts, which is the main risk vector to think about.
Smart Collateral is the headline innovation. In a traditional money market, ETH supplied as collateral sits idle: it earns the supply rate and nothing else. On Fluid, that same ETH (paired with USDC, for instance) gets routed into the Fluid DEX as a concentrated liquidity position while it backs the borrow.
For traders, Smart Collateral effectively turns a leveraged position into an LP position with a built-in margin loan. For long-term suppliers, it turns lending into something closer to running an automated market maker. Both groups end up using the same vault.
Fluid and Aave are both major Ethereum lending protocols, but the design philosophies are different. Aave is the largest pure money market by TVL, with a deep asset list and a separate stablecoin (GHO). Fluid is a smaller but faster-growing unified protocol that fuses lending and DEX liquidity in a single vault.
For a deep dive on the largest competitor, see our Aave page. Most active DeFi users end up holding both AAVE and FLUID rather than picking one.
FLUID inherits its supply schedule from the original INST token, which the Instadapp team distributed in 2021 to early users, contributors, and investors. The 2024 rebrand changed the ticker and the protocol focus, not the underlying contract or float.
The honest read on FLUID tokenomics: the token already exists, the float is mostly known, and most of the work ahead is on the value-accrual side. How aggressively the DAO turns Fluid Protocol fees into FLUID demand is the key variable.
FLUID lists on most major spot exchanges as well as on DEXs across Ethereum and Arbitrum. A typical buy flow looks like this:
If you plan to use Fluid Protocol itself (Smart Collateral positions, lending, borrowing), you need a self-custody wallet on Ethereum or Arbitrum, plus enough ETH to cover gas. Exchange accounts cannot interact with the protocol directly.
Holding FLUID is a leveraged bet on Fluid Protocol gaining lending and DEX market share. The price-volatility risk is the obvious one. Several protocol-specific risks matter just as much.
This page is information, not financial advice. Talk to a licensed advisor before allocating real capital.
Analysis last updated:
Fluid (FLUID) trades at $1.10 with a 24-hour volume of $2.88M and a market capitalization of $86.95M. The asset is currently ranked #288 among all tracked cryptocurrencies.
In the last 24 hours, the FLUID price has risen +2.39%. On a seven-day window, Fluid has climbed +7.86%, showing consistent upward momentum across both windows. Short-term moves are often amplified by liquidity, news flow, and derivatives positioning, so confirm signals across multiple indicators before acting.
Fluid's all-time high of $24.40 was set on June 16, 2021. The current price sits +95.47% below that peak. Distance from the all-time high is a common reference point when evaluating long recoveries and macro support or resistance.
Buying Fluid (FLUID) is a five-step routine once you have picked the right venue and pair. The steps below mirror what most investors do today.
You can also use the Fluid converter above to estimate how much FLUID you would get for a given dollar amount before placing the order.
Whether Fluid is a good investment depends on your goals, time horizon, and tolerance for volatility. Like all cryptocurrencies, FLUID carries real market risk: prices can rise or fall sharply in a day, and past performance is not a reliable indicator of future returns.
This page provides data and analysis for educational purposes only. It is not financial advice. Always do your own research, diversify, and never invest more than you can afford to lose.
