Instadapp is a DeFi middleware platform that developed DeFi Smart Accounts (DSAs), smart-contract accounts used to interact with underlying protocols. The token formerly called INST was rebranded FLUID in December 2024; FLUID, the Instadapp platform, and the Fluid protocol are related but distinct names.
| Stat | Value |
|---|---|
| Ticker | FLUID |
| Price | — |
| Market Cap | — |
| 24h Change | — |
| Maximum Supply | 100 million FLUID |
Price, market capitalization, and 24-hour change are linked to CoinGecko data and can change frequently.
What Instadapp does
Instadapp’s documentation describes the platform as middleware connecting smart accounts to other DeFi protocols. A DSA is a non-custodial smart-contract account and proxy: it can call integrations and combine actions, while assets and positions remain subject to the account contracts and protocols used. “Non-custodial” does not eliminate smart-contract, wallet, or underlying-protocol risk.
Instadapp, Fluid, and FLUID
The team behind Instadapp introduced the Fluid product in 2023 and launched Fluid DEX V1 in 2024. The official Fluid MiCA whitepaper says Instadapp continues as a standalone platform and that the project token first launched as INST was rebranded FLUID in December 2024. The old ticker can appear in historical records, but current token references use FLUID. This token should not be confused with similarly named assets from unrelated protocols.
Tokenomics and supply
CoinGecko lists FLUID with a maximum supply of 100 million and identifies it as the renamed Instadapp (INST) token. The MiCA whitepaper describes allocations for community incentives, governance, team, and ecosystem development, with vesting where applicable. It frames holder staking benefits as conditional on rollout, so do not assume token-level rewards or fee reductions are guaranteed. The market table uses CoinGecko’s legacy API identifier for continuity, while the visible ticker is FLUID.
Related Terms
See Also
- What the Celsius Collapse Actually Tells Us About Crypto Lending Risk — This case study shows why an interface or account abstraction does not remove risks in the underlying lending service.
- Why DAO Governance Votes Often Fall Short — This article explains limits of token voting, useful context for governance claims around DeFi tokens.
- What Is Tokenomics — And Why It Determines Whether a Crypto Project Survives — This guide separates supply, utility, and incentives from a project’s brand history.
- Swap crypto with ChangeNOW — ChangeNOW is a separate exchange service and does not operate Instadapp or Fluid smart accounts.
Sources
- Instadapp Developer Documentation: Overview — The official docs describe Instadapp as middleware and explain how non-custodial DSAs interact with underlying protocols.
- Instadapp Documentation: Set Up a Smart Account — This guide describes DSA creation and its role as a proxy for interacting with verified DeFi protocols.
- Fluid MiCA Whitepaper — The whitepaper records Fluid’s history, Instadapp’s standalone status, token rebrand, 100 million cap, allocation groups, and conditional utility.
- CoinGecko: Fluid (FLUID) Market Listing — CoinGecko confirms the former INST rebrand, lists FLUID’s 100 million maximum supply, and provides live market fields above.