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| 1 Year | 5 Year | 5 Year Annualized | Since IPO | |
|---|---|---|---|---|
| FIDA | -84.66% | -97.27% | -51.34% | -97% |
| S&P | +13.95% | +78.35% | +12.25% | +88% |
The Solana Name Service (SNS), formerly known as Bonfida (FIDA), is a decentralized identity platform on the Solana blockchain that allows users to create human-readable domain names ending in .sol, which can map to various on-chain data like Solana addresses and IPFS content. This service simplifies blockchain interactions by replacing complex addresses with easy-to-remember names. The rebrand reflects SNS’s expanded role in the Solana ecosystem, aiming to enhance the user experience in decentralized applications. The $FIDA token is integral to SNS, facilitating domain registration, governance, and community incentives.
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