Is Grass (GRASS) Undervalued? Revenue Growth vs Current Market Data

Grass has quickly become one of the most talked about data infrastructure networks, especially after revealing detailed performance numbers for the first time.

With strong revenue growth, continued network expansion, and active token management, many investors are now asking whether the GRASS token is currently undervalued.

This guide walks through the updated business data, the state of the network, and the market numbers that shape GRASS price expectations.

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Key Takeaways

1. Grass revenue grew sharply through 2025, creating curiosity around how the token price compares with actual business strength.

2. Network activity expanded to millions of monthly users, which may support long-term value as more products go live.

3. Market cap, circulating supply, and token purchases by the foundation play an important role in assessing whether GRASS is undervalued.

Grass Business Performance and Why It Matters

Grass entered 2025 with almost no meaningful revenue, yet the pace of growth throughout the year surprised many observers.

This shift began when Grass started actively marketing its services to large AI customers. Revenue reached approximately 2.75M USD in Q2, then increased to around 4.3M USD in Q3.

The company now expects close to 12.8M USD for Q4, supported by ongoing enterprise contracts and stronger product adoption. This creates a clear pattern of accelerating performance rather than seasonal spikes.

What Supports This Growth

• Enterprise contracts with major AI organizations

• Increasing demand for multimodal data

• Expansion into real time products such as the SERP API

Revenue Quality and Repeat Business

A notable detail is that most of Grass’s AI customers return for additional purchases. This suggests reliable product performance and deeper customer relationships.

Combined with the projection of continued reinvestment into the business, Grass appears to be building long-term revenue rather than relying on one time deals.

For token holders, steady performance often creates stronger fundamentals that market prices do not always reflect immediately.

Read Also: Grass Extension Hits 2 Million Users: Points Per User Rising

Network Progress and Its Role in Long-Term Value

The Grass network expanded quickly, rising from around 3 million active participants during the early airdrop period to roughly 8.5 million today.

This growth came mostly from organic referrals, which usually indicates strong user satisfaction. The mobile app now represents about 38 percent of total activity, widening Grass’s geographic reach and strengthening its infrastructure footprint.

Key Network Milestones

• A multimodal repository exceeding 250 petabytes

• Increased efficiency in storing and retrieving data

• Progress toward the Live Context Retrieval product

Why The Network Scale Matters

Large scale networks tend to create more consistent product output, which strengthens enterprise demand.

In Grass’s case, its size enables frontier level data support for AI training and real time retrieval workloads. As these services grow, demand for network participation may increase as well.

This is where GRASS becomes relevant, because its utility is tied to routing, participation, and settlement inside the network. When more operations move on chain, token usage naturally becomes more frequent.

Read Also: Grass DePIN Season 2: Earn Points via Bandwidth Contributions

GRASS Token Market Data and Undervaluation Questions

Now that the fundamentals look stronger, the question becomes whether the token price reflects this progress.

GRASS currently trades around 0.3111 USD with a market cap near 75.88M USD. The circulating supply is 243.9M tokens out of a total 1B supply.

Daily volume is active at 29.16M USD, which shows healthy trading interest. Despite this, the market cap still appears small compared to the revenue momentum and the scale of the network.

Additional Indicators

• Foundation purchases of around 100,000 USD in GRASS

• Ongoing allocation of revenue toward future token purchases

• Reserves maintained for stability and ecosystem development

Interpreting Market Cap Versus Revenue

When comparing revenue projections with current market cap, some investors see a gap that suggests the token may be undervalued.

This does not guarantee future price movement, but it does show that the business output is significant relative to the token’s current valuation.

As real time products grow and more utility moves on chain, the connection between network use and token demand may strengthen further.

Read Also: Grass Airdrop Season 2 Claim: Eligibility and Distribution Timeline

Conclusion

Grass has shown impressive revenue acceleration, strong network adoption, and serious progress toward real time data products.

Meanwhile, the GRASS token trades at a market cap that seems modest when compared with the scale of the business.

While no one can say with certainty where prices will go, there are clear signs that investors are paying more attention to the fundamentals behind the network.

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FAQ

What does GRASS mainly support in the network?

It supports participation, routing, staking, and future real time settlement as product activity increases.

Why did Grass revenue grow so quickly in 2025?

Stronger enterprise demand and new commercial partnerships pushed revenue upward each quarter.

Is the Grass network still expanding?

Yes, it has reached around 8.5 million monthly participants with continued organic growth.

Does the foundation buy GRASS tokens?

Yes, a portion of revenue is used for open market purchases and long-term treasury stability.

Is GRASS undervalued right now?

It may be, based on revenue strength and current market cap, but investors should review all market conditions before deciding.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.