Latest DePIN News

Solana's recent performance has been a mixed bag, as the cryptocurrency experienced a 2.82% decline this week, bringing its total drop since the all-time high on November 23 to 18%. Despite this downward trend, institutional interest in Solana remains strong. Bitwise has launched a Solana staking exchange-traded product (ETP) in Europe, while Van Eck invested $2.5 million in the Solana DePIN project DAWN. These developments highlight that while Solana's price struggles, its ecosystem continues to attract significant investments and innovations. In terms of user engagement, Solana saw a notable increase in daily active addresses, surpassing 6.5 million, which indicates healthy participation within its network. The total value locked (TVL) in DeFi also rebounded to over $9 billion, solidifying Solana's position as the second-largest decentralized finance network. However, the decentralized exchange (DEX) volume took a hit, with a nearly 12% drop, reflecting the volatility within the market. Notably, Lifinity, a previously high-performing DEX, saw a significant decline of nearly 40%, while Raydium managed to post minor gains amidst the chaos. Amidst these fluctuations, Solana has achieved a remarkable milestone by onboarding more new developers than Ethereum for the first time in eight years. This surge in developer activity is a promising sign for Solana's future, as it continues to innovate and expand its ecosystem. However, the overall market sentiment remains cautious, with altcoins losing strength against Bitcoin. As Solana navigates these challenges, it is crucial for investors to remain vigilant and informed about the evolving landscape of the cryptocurrency market.

Bistroo, a blockchain-powered food ordering ecosystem, has successfully integrated with LayerZero, an advanced interoperability protocol. This collaboration introduces seamless multi-chain bridging for Bistroo's native token, BIST, significantly enhancing flexibility and liquidity within the decentralized ecosystem. With LayerZero's omnichain messaging protocol, Bistroo can connect BIST with over 90 leading blockchains, including Ethereum, Binance Smart Chain, and Polygon. This integration allows BIST holders to transfer their tokens across multiple networks efficiently and securely, overcoming traditional challenges such as high transaction fees and liquidity fragmentation. The benefits of this integration are manifold. Firstly, it enhances liquidity access by providing BIST with a direct connection to liquidity pools across various blockchains. This frictionless token movement enables users within Bistroo's ecosystem to engage with a larger global market. Additionally, LayerZero's Stargate protocol eliminates slippage and high fees typically associated with cross-chain transactions, making BIST more appealing to users. Furthermore, the integration improves ecosystem interoperability, allowing Bistroo to connect with a broader Web3 infrastructure and paving the way for further development across different chains. Looking ahead, the integration of LayerZero positions Bistroo as a leader in the decentralization of food e-commerce. By ensuring that BIST operates as a truly multi-chain token, Bistroo aligns with its mission to create a decentralized economy where users can transact freely across blockchain boundaries. This strategic move not only enhances the utility of BIST but also ensures a scalable and user-friendly ecosystem, better equipped to meet the demands of its growing global user base while remaining committed to its vision of decentralization.

In the realm of robotics, the challenge of enabling multiple robots to collaborate effectively in shared spaces has been a significant hurdle. Auki Labs is addressing this issue through the development of the posemesh, a shared spatial map that enhances how robots perceive and interact with their environment. Currently, most spatial maps lack contextual information, providing only geometric data without meaningful object labels. This limitation forces robots to rely on computationally intensive processes for object recognition, which slows down decision-making and limits the scalability of autonomous systems. By introducing the posemesh, Auki Labs aims to streamline this process, allowing robots to operate more efficiently with reduced computational demands. The Unitree G1 and Go2-W robots are at the forefront of this innovation, serving as ideal platforms for deploying the posemesh. With their advanced sensors and mobility, these robots can navigate pre-built spatial maps effectively. The posemesh facilitates a shared understanding among robots, enabling them to coordinate movements and allocate tasks without the need for each robot to independently process its environment. This collaborative approach not only enhances efficiency but also minimizes redundancy, ultimately leading to improved robot-to-robot communication and more scalable systems across various industries. Auki Labs envisions a future where robots can adapt to environments in real-time, overcoming computational bottlenecks and working together seamlessly. By investing in the posemesh and advanced robotic platforms, the company is pioneering a smarter approach to robotics and AI. This initiative is crucial for the widespread adoption of robots in mixed or hybrid environments, as it unlocks the potential for collaborative fleets that are greater than the sum of their parts. As Auki Labs continues to innovate, the promise of a more interconnected and efficient robotic future becomes increasingly tangible.

Coinbase has launched a new initiative called Coinbase Learning Rewards, featuring three lessons and one quest focused on the DIMO project. This program provides users with an opportunity to engage with the onchain ecosystem while learning about innovative concepts in the automotive industry. By participating in these lessons, users will gain insights into DIMO's mission to revolutionize vehicle ownership, how it empowers car owners to drive smarter, and the significance of vehicle data within an open mobility network. Upon completing the third lesson and its accompanying quiz, users will earn $DIMO tokens, setting the stage for the quest to connect a new vehicle to the DIMO network. To participate in the DIMO Learning Rewards, users must first download the Coinbase app from either the iOS App Store or Google Play Store and create an account. Eligibility for the Learning Rewards campaign requires users to have completed identity verification and executed a trade within the app. After setting up their accounts, users can access the rewards portal from the main menu. Completing all three lessons unlocks the car connection quest, which requires users to enter their email address to link their DIMO account for reward disbursement. It is crucial to log in to DIMO with the same email to ensure rewards are credited correctly. The quest's completion is contingent upon the user's vehicle, with specific requirements varying by manufacturer. Users can connect their vehicles either through existing software applications or by using DIMO's hardware device, the LTE R1. For those purchasing the LTE R1, a discount code is available. To successfully complete the quest, users must connect a new vehicle with a unique VIN that has not been previously registered, as re-adding a vehicle will not count towards completion. Overall, this initiative aims to enhance user engagement and promote the DIMO mission within the crypto community.

Acurast, a pioneer in decentralized confidential cloud computing, has recently launched the Acurast Processor Lite for iOS, now available on the Apple App Store. This innovative application allows iPhone users to share their device's computing power with Acurast's decentralized cloud network, providing an opportunity to earn rewards in the form of cACU tokens. By leveraging the advanced processors found in mobile devices, Acurast enables ordinary smartphones to function as powerful computing providers, significantly expanding its ecosystem and inviting iPhone users to participate in a transformative approach to cloud computing. The Acurast Processor Lite not only enhances accessibility but also promotes sustainability by repurposing older or damaged mobile phones into affordable computing resources. This initiative offers a cost-effective alternative to traditional servers, integrating sustainability into the core of cloud infrastructure. Users can earn up to 250 cACU tokens per month simply by running the Processor connected to the internet, with additional rewards available when developers deploy applications on the Acurast Cloud using the user's processing resources. This model encourages participation and rewards users for contributing to a decentralized cloud environment. Alessandro De Carli, Co-Founder of Acurast, emphasized the significance of this launch in democratizing cloud computing. He stated that by enabling iPhone users to contribute their devices' computing power, Acurast is fostering a more decentralized, secure, and confidential cloud infrastructure. This initiative not only focuses on technological advancement but also empowers individuals to engage in a global movement that redefines the utilization of computing resources. Users can join the Acurast Cloud Rebellion by downloading the Processor Lite app, thus supporting a shift towards a more user-driven and sustainable cloud computing landscape.

Inferix Announces Launch of "Supernode GPU Staking Mining Testnet 1" on IoTeX This January Inferix, a trailblazer in decentralized AI and blockchain solutions, has revealed plans to launch its "Supernode GPU Staking Mining Testnet 1" on January 2, 2025, leveraging the IoTeX blockchain. This ambitious initiative will focus on training AI models using high-performance GPUs, including NVIDIA’s H100, aiming to revolutionize how decentralized compute networks are utilized for AI applications. The testnet is designed to cater to two primary groups: AI builders and GPU owners. AI developers will have the opportunity to explore Inferix’s extensive compute network and deploy AI-powered decentralized applications (dApps) on the IoTeX blockchain. As a reward for their participation, developers will earn $IFX tokens, which will transition into mainnet tokens upon the testnet's completion. On the other hand, GPU owners can contribute their idle computing resources to support AI model training. By participating in the network, they too will earn $IFX tokens, creating an incentive structure that benefits both contributors and the broader ecosystem. The initiative not only taps into the underutilized potential of high-end GPUs but also aligns with the growing demand for decentralized AI infrastructure. Participants eager to join the testnet are advised to ensure they have a public IP address and a worker node that can be accessed via SSH. These technical requirements will allow seamless integration into the network and maximize the effectiveness of their contributions. This launch marks a significant milestone for Inferix, as it seeks to merge decentralized physical infrastructure with the power of AI. By utilizing IoTeX’s blockchain, which is renowned for its scalability and security, Inferix is poised to set a new standard for decentralized AI computing. The testnet officially goes live on January 2, 2025, inviting AI builders and GPU owners to be part of a pioneering effort in decentralized computing. Stay tuned for more updates as Inferix paves the way for a transformative future in AI and blockchain convergence.

Web3Bay (3BAY) is making significant strides in the e-commerce sector by introducing a decentralized, community-driven marketplace. The platform aims to disrupt traditional e-commerce models that often exploit user data and impose high fees. With the launch of its 3BAY token, priced at just $0.003 during the presale, Web3Bay offers users a chance to engage in secure transactions while also granting them governance rights to influence platform policies. This innovative approach not only enhances user experience but also empowers the community to shape the future of the marketplace, making it a compelling option for investors looking to capitalize on the burgeoning Web3 landscape. In addition to Web3Bay, other projects like Helium (HNT) and Mask Network (MASK) are also gaining traction within the Web3 ecosystem. Helium's IoT-centric network is projected to see significant price growth, with forecasts suggesting a rise from its current valuation of around $8.98 to as high as $32.99 by 2025. Analysts attribute this potential growth to the increasing demand for IoT solutions and the anticipated impact of Bitcoin's halving. Similarly, Mask Network is expected to benefit from the growing adoption of decentralized social media, with price predictions indicating a potential rise to $12.50 by 2025, contingent on broader market trends and user engagement. The overall sentiment surrounding these projects is optimistic, as they each contribute to the evolution of decentralized technologies. Web3Bay's focus on creating a fair and transparent e-commerce platform, combined with the promising outlook for Helium and Mask Network, highlights the transformative potential of Web3 innovations. As the presale for the 3BAY token progresses, early investors are presented with a unique opportunity to secure a stake in a project that aims to redefine digital commerce, potentially yielding substantial returns as the market matures.

The $KICK token sale is set to launch on Fjord Foundry from December 19 at 12 PM UTC until December 23 at 10 AM UTC. This event presents a unique opportunity for investors to acquire $KICK tokens at a fixed sale price of $0.00875 each, using USDC on the Base Network. The sale marks the entry point into the XProtocol ecosystem, with the full release of tokens scheduled for the Token Generation Event (TGE) in Q1 2025. This limited-time offer encourages early participation to maximize potential rewards. In addition to purchasing $KICK tokens, participants who contribute $800 or more will unlock exclusive rewards. These rewards include an XForge Smartphone, valued at $499, which is the first node-operated blockchain DePIN smartphone, and a Xardian Node, valued at $300, which is essential for securing the XProtocol network and earning $KICK rewards. It is important to note that rewards are limited to one set per wallet, and the smartphone can be exchanged for a node if the user's country is not supported. To participate in the $KICK Xmas Sale, users must prepare their wallets by ensuring they have USDC ready on the Base Network, typically through a wallet like MetaMask. Once the sale goes live, participants can secure their tokens on Fjord Foundry. After purchasing, buyers will initially receive placeholder tokens, which can be exchanged for actual $KICK tokens during the TGE. To claim the Xmas rewards, users must connect to the designated website with their whitelisted wallet and provide shipping details, with expectations for smartphone shipments starting in Q1 2025. More updates will follow as the shipment date approaches.

In the rapidly evolving landscape of blockchain technology, Lit Protocol is making significant strides in enhancing cryptographic capabilities to bridge the gap between fragmented networks and platforms. As a decentralized key management and private compute network, Lit Protocol provides developers with essential tools to securely manage secrets and build autonomous applications. With foundational support for cryptographic primitives such as BLS and ECDSA signatures, developers have leveraged Lit to create innovative applications that facilitate seamless interactions between web2 and web3 environments. This year has seen remarkable growth in areas like AI agents, chain abstraction, user wallets, and verifiable web data, showcasing the potential of Lit’s infrastructure. Looking ahead to 2025, Lit Protocol plans to expand its cryptographic offerings by introducing additional signature schemes and curves to enhance interoperability across various ecosystems. Key improvements include performance enhancements for ECDSA signing, support for NIST curves like P-256 and P-384, and the integration of Schnorr/EdDSA signatures through the FROST protocol. These advancements will enable developers to build more secure and efficient applications while ensuring compatibility with a diverse range of blockchain ecosystems. Furthermore, the introduction of Fully Homomorphic Encryption (FHE) keys will allow computations on encrypted data, preserving privacy while enabling advanced analytics and secure data sharing. The achievements of Lit Protocol in 2024 reflect the dedication of its developer community, with over 24 million cryptographic requests fulfilled and more than 1 million keys created. Notable partnerships with organizations like Fox, Genius, and Emblem Vault highlight the versatility of Lit Protocol in various applications, from decentralized finance to programmable data management. As Lit continues to innovate and expand its capabilities, it remains committed to providing developers with the best tools to create secure, decentralized, and autonomous applications, ultimately unifying the fragmented digital landscape we navigate today.

As the decentralized physical infrastructure networks (DePIN) landscape evolves in 2024, Roam has emerged as a frontrunner, boasting over one million self-built nodes and more than 1.72 million user registrations globally. This significant growth positions Roam at the top of DePINScan's hardware node rankings. The company's success is largely attributed to its innovative OpenRoaming™ technology, which facilitates seamless connectivity across over four million WiFi hotspots in 190 countries. This technological edge not only enhances user experience but also underscores the potential for widespread adoption of Web3 applications in everyday life, validating Roam's user-friendly business model in the decentralized wireless network sector. In October 2024, Roam announced the development of a global Telecom Data Layer alongside the launch of Roam eSIM, aimed at rapidly expanding its user base through a cost-effective and secure approach. The introduction of Roam Growth, a key module of the Telecom Data Layer, is set to revolutionize income generation for network participants. This initiative will enable users to transform their network devices, such as Roam routers, into economic assets through automated service integration, thereby facilitating multi-mining capabilities. The collaboration with Huma for router purchase plans further lowers entry barriers, encouraging broader participation in Roam's ecosystem. Roam's strategic focus on community engagement and innovation is evident in its ecosystem, which comprises four essential modules: Roam Network, Roam Growth, Roam Discovery, and Roam Community. Each module plays a vital role in fostering collaboration, incentivizing participation, and enhancing user experience. As Roam continues to expand its offerings and optimize its incentive mechanisms, it is poised to attract more developers and users, solidifying its position as a leader in the decentralized telecom data network space. The integration of AI into Roam's operations promises to unlock new opportunities for intelligent network management and user engagement, paving the way for a robust and sustainable future in the DePIN ecosystem.