The price is $0.21, a change of 1.64% over the past 24 hours as of 9:16 a.m. The recent price action in left the tokens market capitalization at $217,238,098.71. So far this year, has a change of 127.68%. is classified as a Computing under CoinDesks Digital Asset Classification Standard (DACS).

FET Price

The all-time high price of’s FET token was $1.17 on Sept. 8, 2021. Its all-time low value was $0.00816959 on March 12, 2020.

FET, a token issued on the Ethereum blockchain through the ERC-20 token standard, has a total supply of 1.15 billion. Unlike the case with many other tokens, there is no burning or halving mechanism in place for’s native token.

FET’s price is volatile, even for the cryptocurrency industry. Despite a successful launch, FET quickly dropped from $0.35 to $0.03 in late 2019 and went even lower in early 2020.

An uptick to $0.15 occurred in August 2020 before the price fell to $0.05 and lower. In March 2021, FET hit $0.28 and $0.78 in quick succession. The price then returned to $0.205 by June before surging again to $0.918415 and $1.17 in September 2021.

How Does Work? uses a “smart ledger,” which combines blockchain architecture with “direct acrylic graph” (DAG) technology. The system allows for transactions to be “assigned” to different routes, creating a fragmented network. The network can create new routes if one of the existing “lanes” has a heavy load.

Under the hood, uses the UPoW (useful proof-of-work/proof-of-beneficial work) consensus mechanism, a combination of proof-of-work, proof-of-stake and DAG.

In a future release, will support sharding to process transactions in parallel.

At a programming level, uses the Etch language to create and interact with smart contracts.

Key Events And Management was founded in the U.K. in 2017 by entrepreneur Humayun Sheikh, scientist Thomas Hain and software developer Toby Simpson.

The team raised $15 million in a seed funding round in June 2018 that included investments from Outlier Ventures and Blockwall Management. In February 2019, raised $6 million through an initial exchange offering (IEO) on the Binance crypto exchange, and in March 2021, a funding round brought in another $5 million. GDA Group, a Toronto-based digital asset firm, led that round.

In November 2020, Fetch.AI formed a partnership with Cudo, a service known as an “oracle” that brings data from outside sources to a blockchain, to enable batch processing of decentralized machine learning tasks on the network. Cudo also provides computer power for autonomous software agents on the network. upgraded its network in July 2021, and a month later, following a judgment from the London High Court, succeeded in forcing Binance to find and freeze $2.6 million worth of assets allegedly stolen from’s Binance trading account by hackers.

Read less...
Sponsor LogoBuy crypto on a secure, trusted platform.
Cryptoassets are highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

Latest About

View All
Crypto Protocol Partners With Bosch to Develop Web3 and AI Tech

It will have a three-tier governance structure and be inspired by the Linux Foundation's decentralized innovation model.

London skyline
Binance Ordered by London High Court to Trace $2.6M Hackers alleges hackers stole assets from its Binance account before selling them at a fraction of their value.

London skyline
andy-powell-GuE_qLQ_Ej8-unsplash Token Has Volatile First Day on Coinbase, Listing Still 'Groundbreaking,' CEO Says

The listing "has a very powerful branding effect on the project," CEO Humayun Sheikh told CoinDesk Wednesday.

kid, fork
DeFi Meets AI: Launches ‘Intelligent Automation’ for Uniswap V2 and PancakeSwap

Users will be able to create up to five “DeFi Agents” with stop-loss triggers.

kid, fork Market Stats

Market Cap


24H Volume


Max Supply


Total Supply


24H Value Transacted


30D Volatility


24H Transaction Count


24H Average Transaction Fee


"The Hash" tackles today's biggest topics shaping crypto today, including Tron founder Justin Sun stepping in to help Curve Finance after an exploit over the weekend Read more...

Crypto Sectors

Sectors (FET)
is not in the CoinDesk DACS 500.
Of the undefined assets in sector,
represents undefined% of the Marketcap.
Top assets in Sector
  • Assets
Source: Coindesk DACS monthly update.

CoinDesk Indices

View All
Top Indices including
Index nameTickerWeight24H

Bitcoin Calculator

Last Updated on 08/02/23 9:16 AM

CoinDesk’s Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN – with up to six decimal places of accuracy. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.

Market Analysis
Social Analysis