DePin Supercycle: The Next Big Thing in Blockchain

Monday, July 1, 2024 7:48 AM
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DePin Supercycle: The Next Big Thing in Blockchain cover

Crypto analysts are predicting a Decentralized Physical Infrastructure Network (DePin) supercycle, driven by Web3 and AI advancements, reminiscent of the early Internet era. DePin aims to decentralize applications currently dominated by tech giants like AWS and Google Cloud. The AI sector is particularly active, with growing demand for GPUs as AI models become more complex. Projects like io.net and Aethir are expected to secure significant market shares early on. DeFi analyst Cyril points to altcoins like Helium’s MOBILE, OriginTrail’s TRAC, and Nosana’s NOS as having potential in the DePin ecosystem. Other noteworthy tokens include Theta Network’s THETA for decentralized video streaming and The Graph’s GRT for organizing blockchain data for efficient Web3 applications. Render (RNDR) and Filecoin (FIL) are also contributing to the DePin infrastructure, showcasing the growing integration of blockchain in real-world applications.

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