Mina (MINA) Price

$0.18

Mina (MINA) Price Today

The live price of Mina is 0.18 USD. In the past 24 hours, the trading volume of Mina was 11.1M USD, up by 4.82%. The current price has decreased by -11.50% from its 7-day high of 0.21 USD, and increased by 9.47% from its 7-day low of 0.17 USD. With a circulating supply of 1,245,424,549.84 MINA, the market cap of Mina is currently 226.8M USD, up by 7.19% in the last 24 hours. Mina currently ranks #182 by market capitalization among cryptocurrencies.

Mina (MINA) Market Data

Market Cap

$234M

24h Volume

$11.1M

Circulating Supply

1.2B MINA

Maximum Supply

Fully Diluted Market Cap

$234M

Liquidity Indicator

4.77%

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About Mina (MINA)

What Is Mina Protocol (MINA) and How Does It Work?

Mina Protocol (MINA) is a unique Layer-1 blockchain designed to be lightweight and highly accessible. Unlike traditional blockchains that grow indefinitely in size, Mina maintains a constant size of about 22 KB, roughly the size of a couple of tweets. This is achieved through the use of recursive zk‑SNARKs, cryptographic proofs that allow anyone to verify the network’s entire history without downloading all past transactions. As a result, even low-power devices like smartphones and browsers can run Mina nodes, making it one of the most decentralized and user-friendly blockchains available.

The network operates on a Proof-of-Stake (PoS) consensus mechanism called Ouroboros Samasika, where validators (block producers) are selected to add new blocks and earn rewards. A unique feature of Mina is its “Snarketplace,” where SNARK workers generate zk‑proofs and sell them to block producers, keeping the network’s size small and efficient. Beyond simple transactions, Mina supports zkApps, privacy-preserving smart contracts built with o1js in TypeScript. These enable use cases like private voting, on-chain KYC, and decentralized identity solutions, without compromising scalability or privacy. Mina’s architecture positions it as a lightweight yet powerful alternative in the blockchain industry.

When Was Mina Protocol Launched?

Mina began in 2017 under the original name Coda, founded by Evan Shapiro and Izaak Meckler at O(1) Labs. In late 2020, due to a naming dispute with R3’s Corda, the project rebranded to “Mina.” Shapiro, serving as CEO, and Meckler brought together expertise in cryptography and scalable blockchain design to build the “world’s lightest blockchain.”

Although initially targeted for Q4 2020, Mina’s mainnet officially launched on March 23, 2021, with token distribution conducted via CoinList. The Mina Foundation, a Swiss public-benefit organization, was formed shortly afterward in April 2021 to guide ecosystem growth and governance.

Mina Protocol Roadmap & Key Milestones

- 2017: O(1) Labs initiated Mina’s development.

- 2019–2020: Multiple testnet phases, including the major Coda → Mina rebrand in September 2020.

- March 2021: Mainnet goes live with fully succinct Layer‑1 functionality.

- March 2022: Mina celebrates mainnet’s one-year anniversary, with over 44 releases, 200+ staking pools, and a vibrant ecosystem.

- 2022–2023: Introduction of community on-chain voting, zkApps programming, Ledger wallet integration, and the Berkeley upgrade to enhance privacy and tooling.

- 2023 Onwards: A multi‑year roadmap focusing on five core tracks: Trust Minimization, ZK‑Programmability, Settlement Performance, Minaverse, and governance via DAOification.

- 2025 Highlights: Notable developments include the introduction of Mina Attestations in May, the NFT Standard and Token Launchpad beta, v3.x protocol optimizations, a hard fork for automation and governance improvements, and the strategic operational transition from Mina Foundation to o1 Labs on June 14, 2025.

What Is MINA Token Used for?

MINA is primarily used to secure and power the Mina network via these key utilities:

- Transaction fees & block rewards: Users pay MINA as fees for sending transactions and interacting with zkApps. These fees go to block producers (validators) and snarkers (zk‑proof generators).

- Staking & governance incentives: MINA holders can stake or delegate tokens to support network security, earning inflation-based rewards. This mechanism encourages participation and aligns with Mina’s proof-of-stake (Ouroboros Samasika) design.

Additionally, MINA is the native gas token for Mina’s zkApps, privacy-first smart contracts in TypeScript, enabling developers to create use cases like private voting, on-chain identity proof, and secure data verification.

You can trade MINA on BingX by logging in to your account, navigating to the Spot Market, and searching for the MINA/USDT pair. Place a buy or sell order at your preferred price, or use a market order for instant execution.

What Is Mina Protocol Tokenomics?

Mina Protocol launched with an initial supply of approximately 805 million MINA in March 2021 and has a circulating supply of around 1.24 billion MINA as of July 2025. The network has no maximum supply, using an inflationary model to encourage staking and support decentralization.

MINA Token Initial Allocation Breakdown

- Community (42.3%, including Genesis members, grants, and rewards),

- Core contributors (23.6%),

- Backers (20.5%),

- O(1) Labs endowment (7.5%),

- Mina Foundation endowment (6%)

How to Stake MINA Tokens on Mina Protocol

To stake MINA on the Mina Protocol, first hold your tokens in a compatible wallet (like Clorio, Ledger, Auro, or others) and connect it to the staking interface. Then choose a block producer (validator) and delegate your MINA. Staking takes effect after 2–4 weeks and rewards are distributed each epoch, with no lock-up or fees from the protocol itself

Mina Protocol (MINA) FAQs

What Blockchain Network Does Mina Protocol Operate on?

Mina Protocol operates as its own Layer‑1 blockchain, meaning it functions independently without relying on another network, and it processes and finalizes transactions on its native chain. As a base layer, Mina uses recursive zk‑SNARKs to maintain a fixed ~22 KB chain size, enabling lightweight validation and true decentralization for all participants.

What Are zk-Apps and zk-Smart Contracts on Mina Protocol?

zkApps on Mina Protocol are lightweight, privacy-preserving smart contracts powered by zero-knowledge proofs (zk-SNARKs). Unlike traditional smart contracts, zkApps allow users to prove computations or data ownership without revealing the underlying data. Built using Mina’s o1js framework (formerly SnarkyJS) in TypeScript, they make it easy for developers to create decentralized applications (dApps) that prioritize user privacy and efficiency.

These zk-smart contracts enable use cases like private voting systems, on-chain identity verification, confidential DeFi transactions, and data attestations, while keeping Mina’s blockchain size fixed at ~22 KB. Because zkApps don’t require all participants to process and store the full state, they scale efficiently and are ideal for applications that handle sensitive data securely.

Which Wallets Support MINA Tokens?

You can securely store MINA tokens on BingX’s integrated wallet by depositing MINA or buying it directly on the Spot market, then keeping your holdings in your BingX Asset account, perfect for users who prefer a unified trading and storage experience. To deposit, simply select MINA under Assets → Deposit, choose the MINA network, copy the address or scan the QR code, and send your MINA there; withdrawals follow the same steps in reverse.

For more control and enhanced security, Mina supports several dedicated wallets, including Ledger hardware wallets (Nano S/X) that store private keys offline and integrate with third-party apps for secure transactions. Auro Wallet, available as a browser extension and mobile app, is open-source and supports sending, staking, and interacting with zkApps, while Clorio Wallet (desktop and browser) offers similar features and Ledger compatibility for everyday MINA management. You can also integrate MINA into MetaMask via the MinaPortal Snap, enabling access to zkApps directly within MetaMask.

Is Mina Protocol (MINA) a Good Investment?

Mina Protocol stands out as an appealing investment due to its truly lightweight Layer‑1 blockchain, maintaining a fixed chain size of just ~22 KB, which allows anyone to run a full node on devices like phones or browsers. This design dramatically enhances decentralization, improves security, and removes barriers to entry that plague larger blockchains. Additionally, its use of zk-SNARKs, PoS consensus, and growing support for privacy-focused zkApps (such as private voting, identity proofs, and real-world data attestations) positions Mina as a scalable, secure, and innovative platform with real utility.

From a tokenomics perspective, MINA’s inflationary monetary model, beginning at ~12% and tapering toward ~7% annually, creates strong incentives for staking without imposing slashing or lock-ups, which promotes broad participation and network health. While adoption of zkApps and increased usage could enhance MINA’s value, forecasts suggest modest growth in the short term (e.g., average price of ~$0.18–0.19 through 2025) with longer-term upside as ecosystem development continues . For investors believing in decentralized privacy tech, inclusion of real-world data, and accessible infrastructure, Mina offers both innovation and a compelling growth narrative.

Information source

Official Website

Whitepaper

Mina (MINA) Price Converter

MINA to USD

1 MINA = $ 0.18

MINA to VND

1 MINA = ₫ 4,921.66

MINA to EUR

1 MINA = € 0.16

MINA to TWD

1 MINA = NT$ 5.61

MINA to IDR

1 MINA = Rp 3,076.44

MINA to PLN

1 MINA = zł 0.69

MINA to UZS

1 MINA = so'm 2,381.74

MINA to JPY

1 MINA = ￥ 27.65

MINA to RUB

1 MINA = ₽ 14.99

MINA to TRY

1 MINA = ₺ 7.64

MINA to THB

1 MINA = ฿ 6.08

MINA to UAH

1 MINA = ₴ 7.84

MINA to SAR

1 MINA = ر.س 0.70

Mina Price Converter

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