The DePIN Explorer - DePIN Scan

**Coinbase Platform IOTX Price Surges to $0.09, IoTeX Gains Momentum in DePIN Ecosystem** On December 3rd, BlockBeats reported that in the early hours of today, the price of IOTX on the Coinbase platform experienced a surge, briefly touching $0.09. Currently, prices on various mainstream trading platforms have risen to around $0.06, marking a more than 50% increase in the past 7 days. With the recent rise in popularity of the DePIN track, IoTeX, as a foundational infrastructure platform, has been actively making moves. The DePIN ecosystem season activities initiated by IoTeX have significantly increased on-chain data, with the number of monthly active addresses surpassing 120,000. DePIN and AI-related memes have attracted a large number of new users. Amid the opening up of the encryption policy by the Trump administration, projects that have been deeply cultivating the industry for many years are gradually gaining market attention. It is reported that the IoTeX team has been invited to attend a seminar organized by the Washington Blockchain Association next week. They will engage in in-depth discussions with American politicians on the compliant development and policy prospects of the Internet of Things, DePIN, and IoTeX.

DRIFE, a decentralized ride-hailing application operating on the Sui Blockchain, has announced a significant collaboration with CoinList, a platform known for token launches. This partnership aims to introduce the incentivized testnet for DRIFE's Share2Earn location data campaign. Users participating in this initiative will have the opportunity to earn digital tokens by sharing their location data while commuting through the DRIFE app. The reward system is designed to be dynamic, tracking contributions based on leaderboard standings, thus fostering community engagement and participation in the development of the platform. The collaboration between DRIFE and CoinList is a strategic move to test the Share2Earn campaign before its public rollout. This initiative not only emphasizes the importance of decentralization and community involvement but also highlights DRIFE's commitment to transparency and user empowerment. By allowing users to earn rewards while contributing to the platform's development, DRIFE aims to enhance location-based services and improve overall service quality through community feedback. Firdosh Sheikh, the Founder and CEO of DRIFE, expressed that this collaboration validates their vision for a decentralized ride-hailing ecosystem, empowering the community to shape the future of transportation. The reward tokens, which will be available on the SUI chain, will be claimable post-token generation event (TGE) with a structured unlock period. However, participation is restricted for individuals from certain jurisdictions, including the UAE, Pakistan, Russia, China, and the US, due to regulatory compliance requirements. DRIFE's goal is to disrupt traditional business models by eliminating corporate intermediaries and empowering drivers, riders, and community developers through blockchain technology.

In a significant development within the blockchain and AI sectors, Stratos has announced a strategic partnership with Tatsu, a pioneering decentralized AI crypto project operating within the Bittensor network and TAO ecosystem. Tatsu has made remarkable strides in decentralized identity verification, leveraging advanced metrics such as GitHub activity and cryptocurrency balances to create a unique human score. This innovative approach enhances verification processes, making them more reliable and efficient in the decentralized landscape. With the upcoming launch of Tatsu Identity 2.0 and a new Document Understanding subnet, Tatsu is set to redefine the capabilities of decentralized AI. The partnership will see Tatsu integrate Stratos’s decentralized storage solutions, which will significantly bolster their data management and security protocols. This collaboration is not just a merger of technologies but a fusion of expertise aimed at pushing the boundaries of what is possible in the decentralized space. By utilizing Stratos’ robust infrastructure, Tatsu can enhance its offerings and ensure that its identity verification processes are both secure and efficient. This synergy is expected to foster innovation and growth within the TAO ecosystem, opening doors to new applications for Tatsu’s advanced technology. As both companies embark on this journey together, the implications for the blockchain community are substantial. The integration of decentralized storage with cutting-edge AI solutions could lead to transformative changes in how identity verification is conducted in various sectors. This partnership exemplifies the potential of combining decentralized technologies with AI to create more secure, efficient, and innovative solutions, setting a precedent for future collaborations in the blockchain space.

As November comes to a close and December 2024 approaches, investors are increasingly focusing on portfolio rebalancing and exploring new altcoin opportunities. The Decentralized Physical Infrastructure Network (DePIN) narrative is gaining traction, making it a significant sector to monitor. BeInCrypto has highlighted five top DePIN altcoins to watch in December, including Filecoin (FIL), Arweave (AR), Grass (GRASS), io.net (IO), and NetMind Token (NMT). Filecoin (FIL) leads the pack with a market capitalization of $3.44 billion. Despite experiencing a decline in value during the second and third quarters, Filecoin has rebounded strongly, with a 56.22% price increase over the last month. Currently, the price momentum is positive, suggesting potential growth to $6.50 in early December. However, if the momentum shifts bearish, it could drop to $4.96. Arweave (AR) follows closely, having increased by 20.98% in the past week, currently priced at $21.13. The altcoin is facing resistance at $22.05, but if it breaks through, it could reach $24.57. Grass (GRASS) has made headlines with a remarkable 300% increase in October, now priced at $3.48. If it maintains its bullish trend, it may surpass $3.90 and potentially reach $5. io.net (IO), known for being the largest decentralized AI computing network, has seen a 65.13% price increase, currently trading at $2.93. If the bullish trend continues, it could exceed $4. Lastly, NetMind Token (NMT) has surged by 76.10% recently, currently priced at $3.76, with a potential rise above $5 in December if bullish momentum persists. However, profit-taking could lead to a decrease to $2.72. Investors should remain vigilant as market conditions are subject to rapid changes.