Bless Price in the Crypto Ecosystem: On-Chain Metrics and Tokenomics as Indicators of Undervaluation and Growth Potential

In the rapidly evolving crypto ecosystem, projects that bridge decentralized infrastructure with deflationary tokenomics often attract investor attention. Bless Network (BLESS), a decentralized computing platform, has emerged as a compelling case study. By leveraging idle device capacity to create a global shared computer, Bless aims to disrupt centralized cloud providers while offering a self-sustaining economic model. This article analyzes BLESS's price trajectory through on-chain metrics and tokenomics, assessing its undervaluation and growth potential in 2025.

Tokenomics: A Deflationary Framework for Value Accumulation

BLESS operates on a dual-token system, with the native BLESS token serving as the utility and governance asset, and TIME tokens incentivizing node participation. The economic model is designed to balance growth and scarcity: 90% of app revenue is allocated to buybacks and burns, while 10% funds the treasury for development, according to a CoinLaunch review. As of October 2025, the total supply of 10 billion BLESS tokens has a circulating supply of 1.84 billion, with a fully diluted valuation (FDV) of $1.71 billion, per MEXC tokenomics.

The deflationary mechanism is a cornerstone of BLESS's tokenomics. By reducing circulating supply through buybacks, the project creates scarcity-driven value appreciation. For instance, the platform's 400% price surge on exchanges like Binance and Bybit in the past quarter was partly fueled by this model, according to CoinMarketCap. Additionally, the inflation rate is capped at 12% in the first year, with unclaimed TIME tokens further reducing supply, per Phemex. This hybrid approach-combining deflationary pressure with inflationary incentives for node operators-positions BLESS to sustain network growth while mitigating token dilution.

On-Chain Metrics: Mixed Signals Amid Volatility

On-chain activity for BLESS reveals a nuanced picture. Daily settlement volumes averaged $7.5 billion in Q3 2025, indicating robust participation from institutional actors or large entities, according to a Glassnode report. However, the number of transactions declined compared to earlier in the year-Glassnode also noted a shift toward off-chain derivatives and speculative trading. This duality highlights both the platform's utility and the risks of market volatility.

Developer activity remains a concern. Stack.money data shows minimal commits across 14 GitHub repositories in the past four weeks, with only four commits recorded over 12 weeks. This lack of recent development contrasts with the project's October 2025 roadmap, which includes GPU node upgrades and fiat onramps to expand use cases, according to CoinMarketCap updates. While strategic partnerships and a Binance trading competition aim to boost liquidity, the updates warn post-event sell pressure could emerge if adoption fails to meet expectations.

Market Dynamics: Volatility and Liquidity Challenges

BLESS's price has exhibited extreme volatility in 2025. A 44% plunge on September 25, 2025, was attributed to derivatives market instability and $200 million in liquidations, per a CoinMarketCap analysis https://coinmarketcap.com/cmc-ai/bless/price-prediction/. Despite this, the token's trading volume surged, with perpetual futures contracts exceeding $603 million on Binance and $259 million on Bybit (CoinMarketCap reports). This liquidity, however, is unevenly distributed: BLESS is unavailable on major exchanges like OKX and Coinbase, limiting its accessibility to a broader audience (CoinMarketCap notes).

The current price of $0.0381 implies significant upside potential. At this valuation, BLESS trades at a discount to its FDV of $1.71 billion, suggesting undervaluation if adoption scales as projected (MEXC tokenomics). Optimism is further fueled by the platform's 5 million testnet nodes and plans to expand into AI and machine learning applications by 2026, according to BitTime.

Challenges and Risks

BLESS's growth trajectory is not without hurdles. Regulatory scrutiny of decentralized computing models, technical challenges in scaling heterogeneous device networks, and competition from established DePIN (Decentralized Physical Infrastructure Networks) projects pose risks, according to CoinUnited. Additionally, the low developer activity raises questions about the team's ability to execute its roadmap. If the platform fails to address these issues, the deflationary model's effectiveness could be undermined.

Conclusion: A High-Risk, High-Reward Proposition

BLESS's tokenomics and on-chain metrics present a compelling case for undervaluation. The deflationary buyback mechanism, coupled with a growing user base and expanding use cases, positions the token for long-term appreciation. However, the project's reliance on speculative trading, regulatory uncertainties, and developer inactivity introduce significant risks. Investors should monitor key metrics such as burn rates, transaction volumes, and node participation to gauge progress. For those willing to navigate the volatility, BLESS offers a unique opportunity to capitalize on the DePIN boom, provided the team can deliver on its ambitious roadmap.