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.
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.
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
| Protocol Revenue | 4 | 60th of 251 | |
| Revenue Trend | 5 | 32nd of 251 | |
| P/S Multiple | 5 | 38th of 251 | |
| Real Staking Yield | 4 | 82nd of 251 |
Supply
| Supply Inflation | 3 | 199th of 251 | |
| Vesting Schedule | 3 | 204th of 251 | |
| Circulating / FDV Ratio | 4 | 203rd of 251 | |
| Buyback and Burn | 3 | 63rd of 251 |
Ownership
| Smart Money Flows | 5 | 48th of 251 | |
| Insider Selling | 4 | 151st of 251 | |
| Holder Concentration | 4 | 58th of 251 |
Traction
| TVL Trend | 3 | 111th of 251 | |
| Active Users | 5 | 38th of 251 | |
| Developer Activity | 5 | 83rd of 251 | |
| Network Growth | 5 | 52nd of 251 |
Position
| Market Share | 5 | 52nd of 251 | |
| Competitive Moat | 5 | 57th of 251 | |
| Institutional Adoption | 4 | 71st of 251 | |
| Exchange Depth | 5 | 73rd of 251 | |
| Social Mindshare | 6 | 23rd of 251 |
Risk
| Regulatory Safety | 4 | 213th of 251 | |
| Catalyst Calendar | 5 | 50th of 251 | |
| BTC Alpha Potential | 5 | 13th of 251 | |
| Team Execution | 5 | 74th of 251 | |
| Treasury Runway | 5 | 74th 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.
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
Market and supply
| Price | $0.3105 |
| Market cap | $203.2Mrank 158 |
| All-time high | $3.898 Nov 2024 |
| Circulating supply | 654,552,795 |
| Eventual supply (max supply) | 1,000,000,000 |
| Dilution to full supply | 1.53x |
| Listed on | Bybit, 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.
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.
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
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.