Grass in November 2026: A network for AI web data after an autumn of large swings
Grass (GRASS) is the token of a network in which users share unused internet bandwidth. That bandwidth is used to collect publicly available web data, which is turned into datasets for AI companies. The token runs on Solana. GRASS is trading at $0.45582. CoinMarketCap lists a market capitalisation of around $112 million and rank 164. With all tokens issued, the figure would be around $459 million. Anyone assessing Grass will compare it with other projects at the intersection of AI and decentralised infrastructure, such as Bittensor and Render.
What has changed in recent weeks
From the year's low of $0.1663 on 23 February, the price rose more than fivefold to the daily high of $0.8837 on 12 October. Since then GRASS has given up around 48 percent. Over 30 days it is down around 43.6 percent, over seven days around 17.9 percent, while over 90 days it is up around 47.3 percent. October opened at $0.6950 and closed at $0.5810.
Why this forecast is cautious
Since the closing price of the first trading day of the year of $0.2980, GRASS has gained around 54 percent. It is still around 88 percent below the highest daily price of around $3.90 from 8 November 2024. In addition, the network reports revenue, but the token has no direct share of it. Following our methodology, our scenarios start from the price at the beginning of the year, which is why the average for 2026 sits close to today's price.
The crypto market right now
Total value and sentiment of the market from our own charts. While the page is open, the values refresh at the pace of their source.
What Grass is and what GRASS is used for
According to the Grass Foundation documentation, Grass consists of two parts. The Grass app lets users share unused bandwidth and collect rewards for it. The Grass network of nodes, routers and validators transforms public web data into structured datasets for AI and enterprise use. GRASS is a token on Solana.
GRASS is used for governance, staking and as an incentive within the network. When staking, holders delegate their tokens to routers. According to the documentation, rewards accrue continuously, there is no minimum period, and anyone withdrawing tokens waits seven days before they become available again. Routers keep a share of the rewards to cover their infrastructure. A mechanism to penalise routers, known as slashing, has not yet been introduced according to the documentation.
Revenue, unlocks and the supply side
Grass reports revenue in USDC from AI customers. According to an analysis by Milk Road from 7 October 2026, revenue of $14.5 million was verified for the first half of 2026. By Grass's own count it was $17 million to $18 million. For the full year Grass cites $65 million to $75 million, a large part of which depends on contracts that have not yet been signed. According to the same analysis, buybacks of GRASS have so far amounted to around $350,000 at the end of 2025. The token has no direct claim on this revenue.
The total supply is 1 billion GRASS. According to the documentation, 30 percent goes to the community, 22.8 percent to the foundation and ecosystem, 25.2 percent to early investors and 22 percent to contributors. The last two groups have a one-year lockup followed by release in instalments. CoinMarketCap counts around 244 million GRASS as circulating. Services that track token unlocks show considerably more tokens released. We therefore treat the fully diluted valuation of around $459 million as a second yardstick.
Where GRASS trades
We measured the distribution of daily turnover ourselves, across the trading pairs of the spot markets. We counted 63 spot pairs without notable outliers, with a combined total of around $15.7 million in 24 hours. Four centralised exchanges each carry more than one million: LBank with around $2.94 million, Bybit with around $2.78 million, HTX with around $2.12 million and OKX with around $1.05 million. According to CoinMarketCap, around one percent of turnover is on decentralised exchanges.
