$FIDA
Bonfida (FIDA) is an infrastructure project on the Solana blockchain that has undergone a massive structural transformation. Originally a provider of trading tools for the Serum DEX, it has spent 2024 and 2025 pivoting heavily toward decentralized identity through the Solana Name Service (SNS).
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As of early 2026, FIDA is in a "legacy transition" phase that presents significant risks for token holders.
### 1. Core Value Proposition: The Pivot
Solana Name Service (.sol): FIDA’s flagship product allows users to replace long wallet addresses with human-readable names. By 2026, it remains the standard for identity on Solana, integrating with social platforms like X (Twitter) and Twitch via the PIP protocol.
Identity Infrastructure: Beyond names, Bonfida provides the back-end API and data analytics for developers building on Solana.
Intent Engines: The project has expanded into "intent-based" trading and asset management, aiming to remain relevant in the modular blockchain era.
### 2. The "Token Dilemma" (FIDA vs. SNS)
The biggest factor for FIDA in 2026 is the governance split:
The New SNS Token: In May 2025, the team launched the SNS token, which took over the primary governance and utility roles for the Name Service.
FIDA’s Current Role: FIDA has been relegated to a "utility-only" status, offering fee discounts on domain registrations and acting as a legacy governance asset. This has caused "capital rotation," where investors move funds from FIDA to the newer SNS token.#CZAMAonBinanceSquare #WhoIsNextFedChair #USIranStandoff #ZAMAPreTGESale #USIranStandoff