Data from KuCoin's latest price dashboard reveals that Request (REQ), the token powering the decentralized payment invoicing network, has fallen 94.34% from its all-time high of $1.18, now trading at merely 5.66% of its peak value. This stark decline has reignited debate about REQ's long-term value proposition and ecosystem development.
What is the Request Network?
Request is a decentralized network that enables anyone to create, share, or fulfill payment requests with ease. Users define a recipient address and the amount due, and can optionally attach terms and conditions to turn a simple request into a legally compliant invoice. All actions are immutably recorded on the Request blockchain, providing a transparent audit trail for accounting, invoicing, and payment tracking. The network aims to reduce friction and cost in traditional B2B invoicing, especially for cross-border transactions.
Price History: A Tale of Two Extremes
The KuCoin FAQ indicates that REQ's all-time high (ATH) was recorded at $1.18, while its all-time low (ATL) is listed as $0. From the ATH, the current price has contracted by 94.34%; conversely, measured from the ATL, the gain stands at an astronomical 1,340.96% (note: the ATL value of $0 is likely a display artifact; in practice, the low is typically a small positive figure). Regardless, the data underscores how far REQ has fallen from its zenith, reflecting sustained bearish sentiment and market neglect.
Supply Dynamics: Approaching Full Dilution
As of May 25, 2026, there are 796,694,830 REQ in circulation out of a maximum supply of 999,877,117. This means approximately 79.7% of all tokens have been released, leaving only about 203 million tokens yet to enter circulation. The high circulating ratio reduces future inflationary pressure from token unlocks, which could provide a floor for the price. However, without corresponding demand growth from real-world usage, even a capped supply cannot guarantee price appreciation.
Market Implications and Outlook
REQ's prolonged decline from its ATH mirrors the broader market's cautious stance toward niche DeFi infrastructure projects. While the Request network offers tangible benefits—such as automated invoice reconciliation and cross-border payment efficiency—it faces stiff competition from both traditional finance giants (e.g., JPMorgan's Liink) and other blockchain-based invoicing solutions. The token's price is now in deep-value territory, which may appeal to contrarian investors betting on a future utilization spike as enterprises adopt decentralized finance tools.
KuCoin provides multiple storage options for REQ, including exchange wallets, self-custody wallets, hardware wallets, and paper wallets, catering to different security preferences. For those considering an entry, it is crucial to monitor on-chain metrics like daily active invoices and new integrations rather than relying solely on price action.
In summary, REQ's tokenomics exhibit a deflationary tilt (max supply nearly fully circulating), but price recovery hinges on meaningful ecosystem growth. Market participants should track partnership announcements and network usage data to gauge whether the current valuation represents a true bottom or a value trap.