WATCH

Grass (GRASS)

Web scraping bandwidth marketplace that monetizes idle internet connections; interesting model but heavy vesting schedule and speculative revenue

Ranked 91st of 251 rated tokens. Scoring pass 11 Jun 2026.

Score
111/250
91st of 251
Percentile
64.1%
of the rated universe
Circulating
65.5%
34.5% of value still to vest
Off all-time high
-92%
12.5x to recover
EthereumERC-20+17 since last pass
01

What the numbers say

GRASS scores 111 of 250 across the 25-variable framework, which places it 91st of 251 rated tokens and inside the upper half of the set. The framework verdict is WATCH.

The score rests on BTC Alpha Potential 5/10, 13th of 251, Social Mindshare 6/10, 23rd of 251, Revenue Trend 5/10, 32nd of 251 and P/S Multiple 5/10, 38th of 251.

Against the same universe, GRASS sits in the bottom third on Regulatory Safety 4/10, 213th of 251, Vesting Schedule 3/10, 204th of 251, Circulating / FDV Ratio 4/10, 203rd of 251 and Supply Inflation 3/10, 199th of 251. These are the variables that would have to move for the verdict to change.

Only 65.5% of GRASS's maximum supply is in circulation, so 1.53x the current float is still scheduled to arrive. Holding price per token flat while the rest enters circulation implies 34.5% of the fully diluted value sitting ahead of today's holders. That is a real but manageable overhang.

GRASS trades 92% below its all-time high of $3.89. Recovering that level is a 12.5x move, not a 92% one, which is the arithmetic most drawdown charts hide.

The framework score gained 17 points against the previous pass (94 to 111). Revisions of this size follow a change in the underlying variables, not a change in price.

02

25-variable breakdown

Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.

Cash flow

Cash flow variables for GRASS, scored 1 to 10 and ranked against 251 tokens
Protocol Revenue
460th of 251
Revenue Trend
532nd of 251
P/S Multiple
538th of 251
Real Staking Yield
482nd of 251

Supply

Supply variables for GRASS, scored 1 to 10 and ranked against 251 tokens
Supply Inflation
3199th of 251
Vesting Schedule
3204th of 251
Circulating / FDV Ratio
4203rd of 251
Buyback and Burn
363rd of 251

Ownership

Ownership variables for GRASS, scored 1 to 10 and ranked against 251 tokens
Smart Money Flows
548th of 251
Insider Selling
4151st of 251
Holder Concentration
458th of 251

Traction

Traction variables for GRASS, scored 1 to 10 and ranked against 251 tokens
TVL Trend
3111th of 251
Active Users
538th of 251
Developer Activity
583rd of 251
Network Growth
552nd of 251

Position

Position variables for GRASS, scored 1 to 10 and ranked against 251 tokens
Market Share
552nd of 251
Competitive Moat
557th of 251
Institutional Adoption
471st of 251
Exchange Depth
573rd of 251
Social Mindshare
623rd of 251

Risk

Risk variables for GRASS, scored 1 to 10 and ranked against 251 tokens
Regulatory Safety
4213th of 251
Catalyst Calendar
550th of 251
BTC Alpha Potential
513th of 251
Team Execution
574th of 251
Treasury Runway
574th of 251

The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.

03

Catalyst and risk

Next catalyst

AI data demand driving bandwidth purchases; Grass Layer 2 network launch creating structured data products for AI training

Principal risk

89.2% down from ATH; only 38% circulating with heavy VC/team releases; business model legality of bandwidth resale uncertain

04

Market and supply

Price$0.3105
Market cap$203.2Mrank 158
All-time high$3.898 Nov 2024
Circulating supply654,552,795
Eventual supply (max supply)1,000,000,000
Dilution to full supply1.53x
Listed onBybit, OKX, Gate.io

Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.

05

Tokens with a similar profile

These are the closest matches to GRASS measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.

06

Sources

  • [Grass Website] Grass monetizes idle internet bandwidth for AI web scraping; 2M+ nodes claimed with Solana-based rewards
  • [CoinGecko] GRASS launched on Bybit and OKX in Oct 2024 at ~$3.94 ATH; 62% of supply still locked with VC/team allocations
  • [Grass Blog] Grass Layer 2 announced to structure scraped web data into datasets for AI training companies
07

Common questions

What is the Early Thunder score for Grass (GRASS)?
GRASS scores 111 out of 250 on the 25-variable framework, ranking 91st of 251 rated tokens (upper half). The framework verdict is WATCH.
What are GRASS's strongest fundamentals?
GRASS ranks highest on BTC Alpha Potential 5/10, 13th of 251, Social Mindshare 6/10, 23rd of 251, Revenue Trend 5/10, 32nd of 251 and P/S Multiple 5/10, 38th of 251. Ranks are measured against all 251 tokens in the same scoring pass.
What are the weakest parts of the GRASS thesis?
GRASS scores in the bottom third of the universe on Regulatory Safety 4/10, 213th of 251, Vesting Schedule 3/10, 204th of 251, Circulating / FDV Ratio 4/10, 203rd of 251 and Supply Inflation 3/10, 199th of 251. The single risk carried on the scorecard is: 89.2% down from ATH; only 38% circulating with heavy VC/team releases; business model legality of bandwidth resale uncertain
How much GRASS supply is still to enter circulation?
65.5% of eventual GRASS supply is circulating today, leaving 1.53x the current float still to arrive. At a flat price per token that is 34.5% of fully diluted value ahead of current holders.
How far is GRASS from its all-time high?
GRASS trades 92% below its all-time high of $3.89. Returning to that high requires a 12.5x move from the level used in this scoring pass.
Which tokens have a similar profile to GRASS?
Measured on the shape of all 25 scored variables rather than on price, the closest matches to GRASS are WLD (89), TAO (128), SUI (146) and TON (110). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
What is the next catalyst for GRASS?
AI data demand driving bandwidth purchases; Grass Layer 2 network launch creating structured data products for AI training

Keep reading

Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.