Instadapp did not disappear it evolved into Fluid. $INST has been rebranded to $FLUID through a 1:1 conversion, while the original token contract and 100 million total supply remain unchanged. But this is more than a ticker update. Fluid combines lending, borrowing and DEX liquidity within one capital-efficient layer. Its Smart Debt model allows borrowed assets to support DEX liquidity, connecting the lending and trading sides of the protocol instead of keeping capital fragmented across separate products. The tokenomics proposal also introduced a potential algorithmic buyback mechanism once the protocol exceeds $10 million in annualized revenue. Depending on valuation, up to 100% of eligible earnings could be directed toward buying $FLUID , although the final use of purchased tokens would remain subject to governance. At roughly $149 million in market capitalization, $FLUID is still outside CoinMarketCap’s top 100. That leaves a meaningful gap between the protocol’s broader DeFi ambitions and its current token valuation. The opportunity is clear, but so are the risks: relatively low trading volume, intense competition from established lending and DEX protocols, and execution risk around future revenue and token value accrual. The key metric to watch is not short-term price action. It is whether Fluid can convert growing liquidity, trading activity and protocol revenue into sustainable demand for #FLUID Research by WhyNot Research. #Altcoin Season#