Chia Releases Version 2.4.0 with Soft Fork and New Features

On April 10, 2025, Mike Horton, the project creator of GEODNET, delivered a significant testimony before the U.S. Congress, representing both GEODNET and the broader Decentralized Physical Infrastructure Networks (DePIN) ecosystem. His presentation highlighted the transformative potential of blockchain-powered DePINs, which are already making strides in providing scalable and cost-effective infrastructure solutions across critical sectors such as internet connectivity, precision navigation, and renewable energy. This testimony marks a pivotal moment in the recognition of decentralized technologies by U.S. policymakers. The growing acknowledgment from government officials underscores the increasing importance of decentralized technologies in addressing infrastructure challenges. Horton’s testimony not only showcased the achievements of GEODNET but also emphasized the broader implications for the DePIN ecosystem. The ability of these networks to deliver essential services efficiently and sustainably is a testament to the innovative capabilities of blockchain technology, which is gaining traction in various sectors. This event serves as a proud milestone for those involved in the development of decentralized infrastructure. It acts as a powerful motivator for stakeholders committed to building the future of infrastructure through decentralized solutions. As the momentum behind these technologies continues to build, it is clear that the integration of blockchain into physical infrastructure is set to play a crucial role in shaping a more connected and sustainable future.

The latest research report from Dune and Slice Analytics presents a comprehensive analysis of the Decentralized Physical Infrastructure Network (DePIN) projects on Solana, highlighting their development status, market performance, and on-chain data. DePIN is emerging as a transformative model that utilizes cryptocurrency incentives to operate real-world infrastructure, such as shared GPUs and telecommunications networks. Solana has positioned itself as a leading platform for these projects due to its high throughput and low transaction costs, making it an ideal environment for the growth of DePIN applications. As of April 2025, the total market value of DePIN projects on Solana reached $3.25 billion, surpassing other blockchain platforms significantly. The report categorizes DePIN projects into five main segments: Compute, Wireless, Sensor, Server, and AI, with the Compute category dominating the market at 71.2%. Projects like Render and Helium are leading the way, providing decentralized processing power and wireless connectivity, respectively. The growth of registered on-chain nodes for DePIN projects on Solana has also been notable, reaching 238,165 by April 2025. Helium, in particular, has seen rapid growth in its mobile user base and node deployment, while Render and Hivemapper continue to expand their contributions to the ecosystem. As the cryptocurrency industry matures, on-chain revenue has become a crucial metric for evaluating the sustainability of these projects. By April 2025, the total on-chain revenue for DePIN projects on Solana reached $5.98 million, indicating a strong product-market fit. Helium emerged as the top earner, while Render and Hivemapper also demonstrated significant revenue generation. The report underscores Solana's dominance in the DePIN space and emphasizes the importance of transparency in tracking on-chain activities, which remains a challenge due to the reliance on off-chain hardware and third-party integrations.

The Solana ecosystem is witnessing a surge in decentralized physical infrastructure networks (DePIN), particularly following the Solana Crossroads event in Istanbul. Developers are leveraging blockchain technology to build innovative infrastructure, including wireless networks and AI capabilities. One standout project is the Render Network, which is creating a decentralized platform for 3D creators and AI developers to access global GPU power without relying on centralized servers. Recent on-chain data reveals that Render Network has achieved peak revenues of $300,000 per week, with over 121 million RNDR tokens burned, indicating strong user engagement. The platform integrates with popular industry tools like Blender and Arnold, and contributors have earned more than 2.4 million RNDR tokens in rewards, showcasing the potential of decentralized computing. Another notable player in the DePIN space is Nosana, which is revolutionizing AI task processing by decentralizing inference. Instead of depending on major cloud providers like AWS, Nosana enables node operators to handle AI workloads. Since its mainnet launch in January 2025, the number of daily active nodes has more than doubled to over 600, with a total of 4,200 nodes operating across more than 60 countries. This global reach highlights how Nosana is meeting the increasing demand for AI processing in a community-driven manner, further solidifying the role of DePIN in the evolving tech landscape. Lastly, UpRock is tapping into the potential of mobile devices by allowing users to share bandwidth and computing power in exchange for crypto rewards. Users are reportedly earning over $1,500 weekly, with a focus on mobile-first DePIN solutions. UpRock employs on-chain buybacks to sustain contributor rewards, emphasizing its commitment to advancing the DePIN movement. Overall, Solana's DePIN ecosystem is not only thriving but also demonstrating that the future of crypto lies in building essential tools that enhance everyday life, rather than merely trading assets.

In 2024, the DePIN sector is witnessing a significant surge in interest, as highlighted by Messari's State of DePIN 2024 report. Over 13 million devices are actively participating in various DePIN networks daily, with the total market capitalization of related tokens exceeding $50 billion. Despite this growth, the sector's current scale is modest compared to its potential trillion-dollar market. The report notes that 20 DePIN projects have surpassed 100,000 active nodes, with five exceeding one million. However, these projects face ongoing challenges in demand generation and monetization, which are critical for sustainable growth. Helium, a pioneer in the DePIN space, continues to enhance its network through upgrades and expansions. Following its migration to the Solana chain, Helium saw a rise in IoT hotspots to 32,900 and 5G mobile hotspots to 24,800 by Q4 2024. The partnership with traditional telecom operators has significantly improved network utilization, with Helium offloading over 576 TB of data traffic, marking a 555% increase quarter-over-quarter. Despite these advancements, the DePIN sector struggles with high hardware costs, cold start challenges, node quality issues, and inadequate Sybil resistance mechanisms, which hinder its overall market performance. Emerging projects like CyberCharge are exploring innovative solutions to address these challenges by lowering barriers to entry. CyberCharge has introduced a decentralized charging network with a Charge-to-Earn model, allowing users to earn crypto rewards through everyday charging activities. This approach not only makes participation accessible but also enhances user engagement through interactive features. As the DePIN sector evolves, the focus on real-world applications and sustainable business models will be crucial for attracting users and fostering long-term demand. The future of DePIN looks promising, with the potential for significant growth as it integrates blockchain technology into everyday infrastructure.

In recent times, millions have experienced power outages and internet disruptions, prompting a critical question: How can we maintain internet connectivity during such crises? The answer may lie in Decentralized Physical Infrastructure Networks (DePIN), which leverage blockchain technology to create community-owned systems that provide essential services like wireless internet, energy, and storage. Unlike traditional networks that rely on centralized servers, DePIN distributes responsibility across numerous independent nodes, enhancing resilience and reducing the risk of total system failure during outages. DePIN is gaining traction as a viable alternative to conventional infrastructure, especially highlighted by events such as the 2021 Texas winter blackout, where decentralized solutions helped maintain connectivity in some areas. In 2024 alone, investments in DePIN projects exceeded $850 million, indicating a growing recognition of their importance beyond mere connectivity. Projects like Helium, which utilizes user-operated hotspots, and others such as WiFi Map and Nodle are at the forefront of this movement, ensuring that networks remain operational even when traditional power lines fail. The momentum behind DePIN is accelerating, with leading networks experiencing steady growth and approaching all-time highs. These systems are designed to operate on low energy and can utilize alternative power sources, making them particularly effective in power-starved environments. When combined with satellite solutions like Starlink, DePIN has the potential to keep entire communities connected, even in the darkest of times. As the demand for decentralized infrastructure continues to rise, it is clear that DePIN is not just a passing trend but a necessary evolution in how we approach connectivity and energy distribution in our increasingly digital world.

DroneDeploy, a leading company in aerial and ground reality capture, has announced a strategic partnership with the GEODNET Foundation, which operates a global real-time kinematics (RTK) network. This collaboration will provide DroneDeploy customers with access to all 10,000 registered stations within the GEODNET network. This access is particularly beneficial for precise drone surveying, underground utility documentation, and applications in construction, mining, energy, and utilities sectors. Furthermore, DroneDeploy plans to collaborate with its customers to establish GEODNET stations in regions that currently lack coverage, enhancing the network's reach and utility. James Pipe, Chief Product Officer at DroneDeploy, emphasized the importance of this partnership, stating that while today's affordable enterprise drones are capable of sophisticated RTK and PPP survey-grade workflows, the high cost of accessing RTK base-station data has been a significant barrier. The integration with GEODNET aims to eliminate this hurdle, allowing users to fully leverage the advanced capabilities of their drones. The partnership is expected to enhance operational efficiency and accuracy in various applications, making it a significant step forward for both companies. The GEODNET Foundation operates using decentralized physical infrastructure networks (DePIN) principles, which allows for a low-data rate network connection. This technology enables a remarkable 100-times improvement in positioning accuracy compared to traditional standalone GPS systems. Mike Horton, Project Creator at GEODNET, expressed pride in being selected by DroneDeploy for this integration, highlighting the potential for improved workflows and enhanced data accuracy in the industry. This partnership marks a significant advancement in the use of drone technology and RTK networks, paving the way for more precise and efficient operations in various sectors.