Request (REQ) is a decentralized payment request network that enables anyone to create, share, or fulfill payment requests. According to the latest data from KuCoin, the current price of REQ has fallen 94.34% from its all-time high of $1.18. Meanwhile, it has surged 1,340.96% from its all-time low near zero. As of May 25, 2026, the circulating supply stands at 796,694,830 REQ, with a maximum supply of 999,877,117.
What is Request Network?
Request Network allows users to create payment requests by specifying a recipient address and the amount due. Optionally, terms and conditions can be added, turning a simple request into an invoice. All steps are recorded on-chain, providing an immutable audit trail for accounting purposes. The project aims to streamline B2B and B2C payments by removing intermediaries and reducing friction.
Price History and Market Context
REQ reached its peak of $1.18 in January 2018 during the crypto bull run. Since then, the token has lost most of its value due to market downturns and slow adoption. At the current price of approximately $0.066, the fully diluted valuation (FDV) is around $66 million. The current market cap is about $52.6 million.
The circulation rate (79.7%) indicates that most tokens have been unlocked, reducing future dilution risk. However, low trading volumes and limited exchange listings keep liquidity thin.
Market Impact Analysis
Several factors will influence REQ’s future price: 1) Macro conditions – crypto market sentiment and regulatory clarity; 2) Project milestones – real-world integrations with businesses or payment gateways; 3) Token utility – REQ is used to pay network fees, so higher usage would increase demand; 4) Competition – rivals like Ripple (XRP), Stellar (XLM), and newer payment-focused blockchains.
Currently, REQ is in a prolonged accumulation phase. Any major partnership announcement or network upgrade could trigger a significant price move. On the downside, lack of news and low market interest may keep prices suppressed.
Storage and Trading Tips
KuCoin offers custodial wallets for REQ, but for long-term holders, self-custody via hardware wallets or non-custodial software wallets is recommended. When trading, be mindful of order book depth to avoid excessive slippage.
In summary, Request Network presents a solid use case for decentralized invoicing and payments, but its token price remains depressed. Investors should weigh the project's fundamental value against market risks before making decisions.