This report encapsulates Fluence DAO spendings and revenues for 2025 and prepared by the DAO governance committee.
Balance sheet
Total spendings by the DAO in 2025
- 3,726,879 FLT
- 3,910,000 USD
Remaining balances at the DAO treasury account:
- 359,491,311 FLT
- 3,220,516 USDC
- 44,450 USDT
Liquidity provided for market making:
- 16,483,065 FLT
- 225,451 USD
Network revenue:
- Total network revenue reached $1m on Dec 26 2025 in FLT and USD combined.
| FLT | USD | |
|---|---|---|
| Assets | ||
| Treasury balance | 359,491,311 | 3,264,966 |
| Liquidity provisioning | 16,483,065 | 225,451 |
| P&L | ||
| Loan returns | 18,490,056 | 40,000 |
| Liquidity provisioning | 8,210,000 | 565,000 |
| Operations | 5,000,000 | 3,600,000 |
| Providers incentives | 25,490,000 | |
| Listings | 10,000 |
Product updates
Fluence launched CPU virtual servers in alpha, beta stages, and they are available on the platform as per request. GPU compute is fully launched with GPU containers, virtual machines and bare metal servers available on the platform. The new provider infrastructure stack has been released allowing flexible resource management.
In 2025, Fluence released a Pointless program for the community (reaching up to 100k users), hosted five DePIN day events globally attracting 1,800 attendees, and launched DePIN space. Fluence was featured as the best DePIN project by BeInCrypto.
We announced new customers including: Antier, Neo, Zeeve, Nodes Garden, Rapid Node, dKloud, Ar.io, SpoonOS and announced partnerships with TON and Beamable.
Treasury allocation
Liquidity
Bitmaker has been our primary market maker for CEX markets since July. DEX liquidity is managed via Arrakis. GSR and Studio B contracts were terminated and token loans returned (18,490,056 FLT).
Total DAO deposits for liquidity provision in 2025 was 565,000 USD and 8,210,000 FLT. End of year market making balances are 225,451 USD and 16,483,065 FLT, which means DAO effectively bought back around 8 million FLT via open markets.
FLT was listed on Biconomy (10,000 USD spend).
Provider incentives
Provider incentives pool was topped up for 25,490,000 FLT in total in 2025 with current spend around ~2m FLT per month. There is a cap of 75,000 FLT per day on rewards for idle compute capacity. These incentives are vested over 6 months for providers.
Cloudless Labs
Cloudless Labs charged the DAO for 3,600,000 USD for the platform development and growth according to the proposal. An additional 5,000,000 FLT was charged for delivery of the staking milestone in 2024.
Circulating supply
Cloudless Labs has set up an API endpoint for circulating supply calculation. API endpoint is available here: https://supply.kras.fluence.dev/circulating
At the moment of publication:
-
Circulating supply: 254,732,023 FLT (~25.4% of total supply)
-
TVL in staking: 44,599,475 FLT
-
pFLT supply (liquid staking): 31,066,843 pFLT
Protocol metrics are available live here: https://www.fluence.network/stats