Latest DePIN News

As decentralized finance (DeFi) gains traction, a new frontier emerges in the crypto world: Decentralized Physical Infrastructure Networks (DePIN). With a market cap exceeding $17 billion, these projects revolutionize industries like data storage, computing power, and wireless connectivity. Several DePIN projects lead the way in 2024, challenging traditional models and enhancing infrastructure accessibility and efficiency. **Understanding DePIN: A New Approach** Decentralized Physical Infrastructure Networks, or DePIN, aim to distribute and tokenize physical infrastructure assets, allowing individuals and businesses to contribute resources like storage, computing power, or wireless coverage for crypto rewards. This challenges centralized control, promising resilience, efficiency, and accessibility for critical infrastructure. By leveraging blockchain's decentralized structure, DePIN projects ensure transparency, security, and accessibility while reducing middlemen in infrastructure management. **Filecoin: Decentralizing Data Storage** Filecoin, a leading DePIN project in decentralized storage, creates a marketplace where users can rent out unused storage space. This model reduces costs, enhances security, and offers a resilient alternative to traditional cloud storage providers like Google or Amazon. Filecoin's decentralized approach boosts network security, reduces reliance on centralized servers, and provides cost-effective solutions for storage providers and users. With the exponential growth of data in 2024, Filecoin's role in the digital economy is crucial. **Render: Decentralizing GPU Power** Render, targeting GPU rendering, decentralizes GPU power for industries like visual effects, gaming, AI, and virtual reality. By offering access to global GPU resources without high upfront costs, Render democratizes advanced computing power, promoting resource efficiency. Collaborating with metaverse and NFT projects, Render is poised for growth in 2024. **Helium: Building Decentralized Wireless Networks** Helium's decentralized wireless network enables individuals to manage wireless hotspots for long-range IoT device coverage. This innovative approach in wireless connectivity showcases the potential for DePIN projects to reshape industries and enhance connectivity in 2024.

This move highlights the growing influence of DePIN technology, which is bridging the physical world with decentralized digital systems. The DePIN sector is rapidly gaining traction in the Web3 space. DePIN nodes use native tokens or cryptocurrencies to incentivize participation and support both physical and digital infrastructure development. These networks are designed to enhance access to services, facilitate ownership, and improve security across extensive infrastructure systems. Industry experts suggest that DePINs could potentially lead to the creation of the next trillion-dollar enterprise, akin to Amazon’s AWS cloud services, due to the increasing demand for decentralized connectivity solutions. **Lufthansa and Deutsche Telekom Join DePIN Nodes** On September 9th, Lufthansa and Deutsche Telekom joined a select group of global enterprises in launching DePIN nodes. This collaboration, which also includes Bertelsmann Investments and the Technical University of Munich (TUM), supports the Peaq network—a layer-1 network specifically designed for DePIN and real-world assets (RWAs). The combined valuation of these entities exceeds $170 billion, underscoring the substantial impact of their participation. The Peaq network, which is set to go live during the week of September 23, will benefit from the integration of these major nodes. The presence of such significant network operators is crucial for the success of any blockchain network. **Positioning in Transformative Technology** By engaging with the Peaq network, Lufthansa and Deutsche Telekom are positioning themselves at the forefront of this transformative technology, which promises to reshape how physical and digital infrastructure interact.

Helium (HNT) has seen a remarkable surge of 18% over the past week, standing out in a period where most major cryptocurrencies faced losses. With HNT’s price climbing above $8.3, the token has demonstrated resilience and impressive performance against broader market trends. The recent price rally reflects the growing momentum within the Helium ecosystem. According to @MilkRoadDaily, Helium is now recognized as the fastest-growing Decentralized Physical Infrastructure Network (DePIN) project. This recognition highlights the significant progress the Helium community has made in building the world’s largest decentralized network, covering sectors like IoT, mobile, and energy.

Decentralized Physical Infrastructure (DePIN) tokens have experienced a 30% decline over the last six months, despite the sector reaching a market capitalization of $20 billion in the past year. This decline follows strong performances in late 2023 and early 2024, with many projects hitting all-time highs. As of September 1, there are approximately 2,365 active DePIN projects in the industry, according to DePIN Ninja data. The report by MV Global attributes DePIN token price fluctuations to a mix of fundamental indicators, web2 use cases, and speculative demand. Despite recent corrections, DePIN tokens are considered a good portfolio allocation due to their low correlation with the broader crypto market. Listed DePIN projects saw an average price decline of nearly 37% in the last three months, except for Helium's native token, HNT, which surged by 70% in the past month. Helium's positive performance coincided with progress on its roadmap and exceeding 100,000 mobile subscriptions. Different DePIN subverticals showed varying results, with connectivity-oriented projects underperforming, while bandwidth-oriented projects like AIOZ experienced significant growth, with AIOZ token seeing a 3278.6% increase over the past year. However, tokens related to storage and censorship, such as FIL and HONEY, faced losses of 36.6% and 38.2%, respectively. Despite the recent decline, DePIN tokens outperformed 16 out of 20 crypto sectors over the last six months, with a better performance than the market average of negative 45.7% during the same period, according to Artemis data.

Roam's decentralized WiFi network, DePIN, has experienced rapid growth in the number of nodes, surpassing 569,463 within just 12 days from reaching 500,000 on August 28. The total check-ins have exceeded 22.7 million, with over 600,000 registered users on the Roma app. Roam offers enterprise-grade WiFi services globally, making it a significant player in the decentralized WiFi network space.

Theta Labs has signed a multi-year agreement with Seoul Women’s University to provide its AI research lab access to Theta EdgeCloud’s decentralized GPU computing power. The partnership aims to boost computational power for AI research in healthcare, bioinformatics, and finance by leveraging Theta EdgeCloud's network of GPUs. Built on the Theta Network, Theta EdgeCloud offers scalable GPU computing resources for AI, media, and entertainment applications. The project secured a $1 million investment from VC firm DWF Labs last year. The collaboration with SWU exemplifies how decentralized physical infrastructure networks can solve real-world problems, reducing costs and increasing research productivity. Theta EdgeCloud reduces GPU costs by 50-70% and accelerates setup times, benefiting the entire AI ecosystem. The DePIN sector, including projects like Theta EdgeCloud, is rapidly growing in the crypto space, with Messari forecasting a market value of $3.5 trillion by 2028. Early-stage DePIN projects have raised over $246 million across 70 deals by August 2024, marking a 296% surge year-over-year.

DePIN, the sector bridging everyday life with the digital world, is booming with Helium emerging as one of the fastest-growing networks in crypto. Over the last 30 days, DePIN's market cap surged by 22.7%, reaching $20 billion with a 400% increase. The fundraising volume also saw a 296% surge year-over-year, indicating massive growth and investor confidence. With over 100 projects in development, DePIN's potential is undeniable, attracting both developers and investors. Helium, for instance, attracted 756,000 real users on June 18, transferring 19.1 TB of data on their network. This success showcases DePIN's seamless integration into daily life, making blockchain technology accessible without users even realizing it. The sector's rapid expansion and promising future make DePIN a major player in the crypto market.

The emergence of Web 3.0 and decentralization is sparking a new Renaissance, offering a fresh opportunity to prioritize humanity. While significant progress has been made in improving living standards and life expectancy, challenges like wealth inequality and environmental impacts persist. Experts warn of a potential decline in well-being, reminiscent of Neo-Feudalism, if these issues are not addressed. However, the digital economy, driven by technologies like Blockchain and AI, presents a historic opportunity for wealth redistribution. Decentralized systems are reshaping business models, empowering organizations and individuals to establish fair processes and distribution of wealth. Communities are embracing Decentralised Physical Infrastructure Networks (DePIN) to support productivity, moving beyond Bitcoin mining to provide essential resources and services. This shift towards DePIN 1.0 signifies a new era of decentralized collaboration and innovation.

SEC issues warning to FTX over proposed repayment plan involving stablecoins and cryptocurrencies. FTX, facing an $8 billion deficit, aims to repay creditors up to 118% of their claims in cash, with only claims under $50,000 eligible. While some creditors prefer crypto payments, SEC raises concerns about lack of clarity and regulatory compliance. U.S. Trustee also objects to the plan, criticizing a provision shielding FTX debtors from legal actions. The crypto community, including Coinbase's Chief Legal Officer Paul Grewal, criticizes SEC's stance for lack of clear guidance on crypto transactions.

Helium's native token (HNT) has surged by over 18% in the past week, outperforming many other cryptocurrencies. The rise in price is attributed to the growth in Helium's mobile subscribers, which now exceed 112,000. This surge follows a 40% spike in price just two months ago when the subscriber count crossed 100,000. Helium's decentralized wireless network, focused on IoT, has seen rapid adoption, with Hotspots serving as wireless gateways and mining nodes. Technical analysis suggests potential for further gains, with resistance expected at $9.00 and possible targets at $11.50 - $12.00 and even $14.00. Support levels are crucial between $6.00 and $7.00. The overall outlook for HNT remains bullish, driven by its innovative DePIN model and expanding user base.