# Bonfida (FIDA): D-Score 27/100 — Centralized Leaning

**BlockIndex D-Score: 27/100 (Centralized Leaning).** Bonfida (FIDA) is a Layer 2 cryptocurrency using N/A consensus. Bonfida (FIDA): Solana-native infrastructure and tooling provider powering SNS, orderbooks, perpetual swaps and developer SDKs.

_Source: https://blockindex.ai/coin/fida · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 27 |
| Node distribution | 0 |
| Initial distribution | 0 |
| Governance | 11 |
| Age and history | 11 |
| Autonomy | 5 |

## Key facts
- Layer: Layer 2
- Consensus: N/A (N/A)
- Launch: Other (2020)
- Founder: N/A
- VC funded: Yes
- Max supply: N/A
- Circulating: 990,910,814

## Market data (as of 2026-06-19)
- Price: $0.02
- Market cap: $22.08M
- 24h volume: $13.08M
- 24h change: -5.65% · 7d change: -1.46%

## About
Bonfida (FIDA) is a Solana-native infrastructure and tooling project that has positioned itself as a practical provider of developer tools, trading infrastructure, and naming services within the Solana ecosystem. The team’s work spans the Solana Name Service (SNS), developer SDKs for domain management, contributions to orderbook technology through Serum Core and the Asset Agnostic Orderbook (AOB), and novel products such as perpetual swap functionality (Audaces) and Bonfida Bots for trading automation. Bonfida’s focus has consistently been on improving developer experience and on-chain usability: enabling human-readable identities, offering programmatic SDKs for domain and identity management, and supporting traders and market-makers on Solana through infrastructure components. The project is tracked on major market-data platforms (CoinMarketCap, CoinGecko, Messari) and has visible market liquidity and supply metrics in public aggregators.

From a technical and architectural perspective, Bonfida’s token (FIDA) is an SPL token operating on Solana, inheriting the performance and consensus characteristics of the underlying Layer-1. The project leverages Solana’s high-throughput execution environment to deliver low-latency orderbook-based trading, domain resolution and on-chain tooling that benefit from fast confirmations and low transaction costs. Bonfida has integrated verifiable randomness functions (VRF) where appropriate, incorporates hardware wallet compatibility (explicit Ledger integration), and emphasizes audited, production-grade developer libraries and SDKs to reduce friction for integrations. While some engineering details (license, comprehensive open-source policy, code repository locations) were not present in the supplied materials, the documented product set demonstrates a multi-pronged engineering approach spanning smart contracts/programs, off-chain tooling, analytics surfaces and integrations with oracle and bridge infrastructure.

In terms of use cases and ecosystem footprint, Bonfida’s portfolio addresses identity (SNS), developer tooling (SDKs and domain management), exchange and trading infrastructure (AOB and Serum Core contributions), and derivatives/perpetuals (Audaces). These components create a combined value proposition: enabling end users and developers to register and manage human-readable names, enabling builders to instrument orderbook-driven trading, and enabling traders to access native perpetual products on Solana. The project’s integrations with major wallets and market platforms make the token available to retail and institutional participants; the team has also executed fundraising and investment activity (seed round Dec 15, 2020 and a reported $4.5M raise) and has made investments into other ecosystem projects (e.g., Swim Protocol investment referenced March 9, 2022), underlining a commercial and product-oriented roadmap rather than a purely community-driven experiment.

Tokenomics, governance, and forward planning remain partially documented in the supplied materials. Public snapshots show a max supply of 1,000,000,000 FIDA and a circulating/total supply near ~990.91M tokens; the market snapshot provided indicated a price around $0.03941 with a market capitalization in the low tens of millions (reported ~$39.05M). The provided extracts did not include explicit premine or PIP percentages, detailed vesting schedules or a formal on-chain DAO governance model; governance and treasury details therefore remain unspecified in the source material. The project has evidence of institutional fundraising and a company presence, indicating that governance and treasury management are likely company-led rather than fully community DAO-run. Roadmap visibility in the provided files was limited to ongoing productization (SDKs, Audaces, AOB, SNS), testnet activity referenced in scraping extracts, and cross-chain/bridge efforts. Overall, Bonfida presents as a mature infrastructure project inside Solana’s ecosystem with a product-first posture, recognizable market presence, and active engineering contributions to domain services and orderbook infrastructure.

## Links
- Website: https://www.bonfida.org/en
- Whitepaper: N/A
- GitHub: N/A

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore