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About Bonfida
Analysis of 5 Mar 2026Bonfida is the original developer behind the Solana Name Service (SNS), providing .sol domain names that replace complex wallet addresses with human-readable identifiers on the Solana blockchain. The project rebranded to Solana Name Service in July 2024, and the protocol has registered over 450,000 .sol domains with 227,000+ unique holders and 150+ ecosystem integrations including MetaMask, Phantom, and Solana Mobile.
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However, the May 2025 launch of a separate SNS governance token (10 billion supply, 40% airdropped) shifted protocol governance away from FIDA, raising questions about the legacy token's long-term utility. FIDA trades at $0.016, down 99.9% from its $18.77 all-time high set in November 2021.
