The DePIN Explorer - DePIN Scan

HashPower recently announced a significant investment milestone, securing up to $50 million for its $HPX token through a Memorandum of Understanding (MOU) during the AI & DePIN Powerhouse event held in Hong Kong. This event, which attracted over 2,000 participants, including industry leaders and investors, served as a platform for discussions on the future of decentralized AI and infrastructure. The MOU involves collaborations with several key players in the industry, including Aethir and Network3, aimed at enhancing ecosystem growth and technological innovation in the realms of AI and decentralized infrastructure. The AI & DePIN Powerhouse event featured a series of engaging panels and networking opportunities, highlighting the latest trends in crypto mining, AI, and decentralized hardware infrastructure (DePIN). Notably, Network3 showcased its revolutionary technology that supports AI developers in efficiently training and validating models, boasting over 630,000 active nodes and a successful fundraising of $5.5 million. This collaboration is expected to foster joint research initiatives and resource sharing, driving sustainable development in the decentralized AI landscape. HashPower is committed to transforming the mining industry by integrating traditional operations into blockchain technology, ensuring transparency and accessibility. With a focus on building a robust decentralized infrastructure, HashPower, alongside its partners, aims to promote long-term sustainable growth in the AI and DePIN sectors. The event's success was bolstered by the support of numerous sponsors, including IoTeX and Filecoin, underscoring the collaborative spirit within the blockchain community as they navigate the evolving landscape of decentralized technologies.

In a significant development for the decentralized energy sector, Piggycell has announced a strategic partnership with IoTeX, aimed at integrating IoTeX's DePIN technology with Piggycell's extensive charging network. This collaboration is set to enhance connectivity, improve user experience, and foster innovation within the decentralized charging ecosystem. By incorporating IoTeX's DePINscan and ioID into its platform, Piggycell will benefit from increased transparency, security, and efficiency in managing its network of over 13,000 charging hubs and 100,000 batteries across South Korea. The partnership marks a pivotal moment in merging blockchain technology with real-world infrastructure. IoTeX's modular approach to DePIN allows Piggycell to utilize advanced blockchain tools, facilitating a reciprocal deal pipeline, resource-sharing, and joint marketing efforts. This integration aims to enhance platform interoperability, introduce mutual incentive programs, and leverage secure transactions through DePINscan and ioID. The collaboration not only aims to improve user engagement but also to expand brand awareness through coordinated marketing initiatives. As Piggycell dominates the South Korean mobile charging market with a 90% market share and over 4 million active users, the integration of IoTeX's DePIN modules is expected to enhance operational efficiency and create new revenue models, such as tokenized energy credits and Web3-native loyalty programs. With a growing interest in decentralized physical infrastructure networks, this partnership positions both Piggycell and IoTeX at the forefront of the energy revolution powered by Web3 technologies.

Roam has launched a DePIN Open Wireless Network that utilizes OpenRoaming and blockchain technologies to provide secure and fast internet access globally. With a robust infrastructure of over 4.5 million nodes in more than 190 countries and nearly 2 million registered users, Roam is set to transform connectivity. The company is now inviting crypto enthusiasts to participate in its newly introduced Roam Community Bounty Program, which offers a chance to earn $ROAM tokens by engaging with the community and supporting Roam's growth. The Roam Community Bounty Program features a total fund of 100,000 $ROAM tokens, with various categories for participation including content creation, social media engagement, and community participation. The program runs from February 22, 2025, to March 21, 2025, and encourages participants to submit original content across multiple platforms. Rewards are allocated weekly, with specific amounts designated for different activities, such as writing articles, creating videos, and engaging on social media. Participants can earn rewards based on the quality and originality of their contributions. This initiative not only incentivizes community involvement but also aims to foster a vibrant ecosystem around Roam's decentralized network. Participants are encouraged to join the program and contribute in ways that resonate with their skills, whether through writing, video production, or active engagement in Roam's social channels. With a structured reward system and a focus on community, the Roam Community Bounty Program is an excellent opportunity for individuals to be part of a revolutionary approach to connectivity while earning $ROAM tokens for their efforts.

Helium (HNT) has recently experienced a significant downturn, with its price dropping by 20.11% over the past month. This bearish trend is reflected in the market sentiment, which has been declining alongside increasing selling pressure. Notably, the derivatives market has seen a spike in selling volume, surpassing buying volume, as indicated by the Taker Buy-Sell ratio falling to 0.963. This ratio, when below 1, signals heightened selling pressure, suggesting that traders are more inclined to sell HNT than to buy it. Furthermore, the Open Interest in derivative contracts has decreased by 19.80%, indicating a bearish market scenario as fewer contracts remain unsettled. In contrast, the spot market presents a slightly different picture. Recent data shows negative Exchange Netflows, meaning that traders are transferring their HNT assets to private wallets for long-term holding rather than selling them. Approximately $250,000 worth of HNT has been moved out of exchanges in the last two days, suggesting that some market participants may be anticipating a potential recovery. However, despite this positive movement in the spot market, the overall sentiment remains cautious as sellers continue to dominate the market. Looking ahead, HNT's price is at risk of falling sharply if it breaches the support level at $3.315. Analysts suggest that if selling pressure continues, HNT could drop to its 2024 low of $2.85, established on June 18. The current funding rate for HNT has turned positive at 0.0176%, indicating that there is still some buying sentiment present. Nonetheless, traders are advised to remain vigilant as the market dynamics continue to evolve, with the potential for further declines if selling momentum persists.