FLUID Token Creates 47 Millionaires Among 10,500 Holders, Token Terminal Reports

Blockchain analytics firm Token Terminal has reported that the FLUID governance token, associated with the 0xfluid protocol, has generated approximately 47 millionaires. This figure comes from a total of around 10,500 unique addresses holding the token, with millionaires defined as those holding FLUID balances exceeding $1 million. Token Terminal highlighted this development, stating, "ICYMI: @0xfluid has created ~47 millionaires w/ its FLUID governance token. For perspective, there are ~10.5k $FLUID holders in total."

0xfluid, developed by the team behind Instadapp, is a decentralized finance (DeFi) protocol focused on building a scalable ecosystem. The platform integrates a money market, a decentralized exchange (DEX), and a Liquidity Layer, featuring innovative concepts like Smart Debt and Smart Collateral to optimize liquidity and trading. The protocol, which launched in October 2023, emphasizes robust security measures, having undergone multiple audits.

The FLUID token functions as the governance mechanism for the 0xfluid platform, granting holders voting rights on key protocol decisions. The token was previously known as INST before undergoing a 1:1 rebranding to FLUID in December 2024, a move intended to align with the project's broader strategic vision. As of recent data, FLUID maintains a market capitalization of approximately $350 million, with a circulating supply exceeding 77 million tokens.

The concentration of wealth, with 47 millionaires emerging from a holder base of 10,500, underscores the significant appreciation experienced by some investors in the FLUID ecosystem. Token Terminal, known for standardizing financial and alternative data for blockchain projects, provides insights into on-chain metrics and token economics. This report highlights the dynamic nature of wealth creation within the DeFi sector, where early adoption and market performance can lead to substantial gains for token holders.