Latest DePIN News

Cryptocurrency Milestones and Innovations cover
14 days ago

Cryptocurrency Milestones and Innovations

In the fast-paced realm of digital transformation, cryptocurrencies like Render and Aptos are making significant strides, but it's BlockDAG that's stealing the spotlight with its potential for substantial early investor returns. Render is revolutionizing the market with its GPU-based decentralized economy, while Aptos is strategically maneuvering through technical chart patterns for pricing strategies. BlockDAG, on the other hand, is impressing with its strong presale performance and cutting-edge technological advancements, hinting at remarkable growth and enhanced user engagement, setting a noteworthy benchmark in the evolution of blockchain and cryptocurrency sectors. **Render's Performance and Investor Confidence** Render (RNDR) is gaining attention with its decentralized platform enabling users to monetize their unused GPU capacity. This platform not only meets the increasing demand for high-performance computing but also offers a decentralized, efficient, and cost-effective solution. As the digital content creation industry expands, Render's scalable platform becomes crucial for companies and individual contributors. Investor confidence in RNDR is evident through a significant rise in whale accumulation, with large holders' stakes increasing from 51.5% to 71.5%. Despite a minor price setback to $5.05, the market sentiment remains positive, driven by expectations of Render's expanding influence in AI and blockchain realms. **Aptos's Market Dynamics and Potential** Aptos (APT) stands at a critical juncture, positioned at the convergence of key moving averages and a rising wedge pattern on its daily chart. Trading around $6.7 with an 8% weekly increase, APT faces resistance near $7.2 and $7.7 if it maintains levels above moving averages. A breach below the wedge could lead to significant losses, with crucial support at $5.7. The MACD hints at a potential momentum shift, impacting future trends. With subdued volatility and a balanced long/short ratio, traders are advised to monitor market movements closely for breakout opportunities. **BlockDAG's Presale Success and Testnet Launch** BlockDAG (BDAG) is witnessing a surge in buyer interest during its presale phase, with the price soaring impressively from $0.001 to $0.00178 in the 22nd batch, indicating a substantial return potential. The presale has raised a significant $73 million, showcasing robust market support. BlockDAG is preparing for a crucial testnet phase scheduled for September 20, 2024, allowing for comprehensive network testing and feedback collection before its official public launch. This phase is vital for ensuring operational stability, security, and efficiency, setting the stage for BlockDAG's future growth and success.
Volatility in Crypto Market: Render (RNDR) and Chainlink (LINK) Facing Challenges cover
15 days ago

Volatility in Crypto Market: Render (RNDR) and Chainlink (LINK) Facing Challenges

The crypto market is currently experiencing significant volatility, with projects like Render (RNDR) and Chainlink (LINK) taking heavy hits. Despite being once reliable, these projects are now struggling, leading top Ethereum (ETH) holders to seek alternatives. In this uncertain environment, IntelMarkets (INTL) has emerged as a platform powered by AI-driven trading and a modern blockchain, offering stability and advanced technology that investors are looking for. **Render (RNDR) Network's Volatility and Ethereum (ETH) Holders' Search for Stability** Render (RNDR) is facing severe volatility, currently priced at $4.83 with a 6.19% gain this month. However, it remains 64.33% down from its high in March 2024. The active trading volume of Render (RNDR) at $213.28 million indicates restless investor behavior, with concerns rising due to erratic price movements. This volatility may prompt Ethereum (ETH) holders to explore more stable options, as Render (RNDR) has shown significant growth but is now at a turning point in the market.
DCX Systems Share Price Surge on Elta Systems Export Order cover
15 days ago

DCX Systems Share Price Surge on Elta Systems Export Order

DCX Systems saw its share price surge by as much as 5% and hit an intraday high of Rs 355.05 per share on the BSE following the announcement of an export order from Israel-based Elta Systems worth Rs 154.8 crore. The company disclosed that it had secured export orders from Elta Systems Ltd., Israel, amounting to $18,495,779.10 (Rs 154.8 crore) for Radio Frequency (RF) Electronic Modules to be delivered within 12 months. At 11:20 AM, DCX Systems shares were trading 1.48% higher at Rs 343.15 per share, outperforming the BSE Sensex which was up 538.13 points at 83,486.36 around the same time.
Solana Reveals Second-Generation Mobile Phone cover
15 days ago

Solana Reveals Second-Generation Mobile Phone

Solana recently unveiled its second-generation mobile phone, the Solana Seeker, during the Token2049 event. This new phone aims to address the shortcomings of its predecessor, the Solana Saga, which initially faced criticism for its high price tag. Despite the initial skepticism, the Saga gained popularity after the introduction of BONK rewards, leading to a surge in resale prices. Now, all eyes are on the Solana Seeker to see if it can replicate its sibling's unexpected success. The Solana Seeker has already garnered significant attention, with 140,000 pre-orders from 57 countries. Formerly known as the 'Chapter Two' project, the new phone has exceeded the demand for its predecessor by fivefold, securing $70 million in pre-orders. To further entice customers, Solana has offered a limited-time promotional price of $450 until Sept. 21 as part of its Founder Window launch strategy. The company claims that the Seeker represents a substantial upgrade over the Saga, particularly in areas such as Web3 accessibility, DeFi applications, and on-device security.
DCX Systems Receives Export Order from Israel's Elta System cover
15 days ago

DCX Systems Receives Export Order from Israel's Elta System

Shares of DCX Systems Limited surged 5 percent to Rs 355 in morning trade on September 19 after the company announced it has received an export order from Israel's Elta System worth Rs 154.80 crore. DCX Systems said that the order is related to the supply of RF Electronic Modules and is expected to be completed within 12 months. This marks the second order win in 2 days for the company, following its subsidiary's acquisition of an industrial license from the Cochin Special Economic Zone (CSEZ) to manufacture and test microwave submodules, avionics, and defence electronic equipment. The newly acquired license allows DCX Systems to manufacture highly classified and sensitive products under CATEGORY-A, as per the Ministry of Defence Security Manual, with a validity of 15 years. In the recently concluded June quarter, DCX Systems reported a 19 percent year-on-year decline in revenue, accompanied by a 69 percent drop in net profit and an operating loss of Rs 4.8 crore. Despite these challenges, brokerage firm KR Choksey remains optimistic about the company's long-term prospects. The brokerage expects growth acceleration in the second quarter, supported by a strong order pipeline and key drivers such as a robust order book, increased focus on cable and wire harnessing, and the commercial production of Raneal Advanced Systems. As of 11 am, DCX shares were trading at Rs 348 on the NSE, up by 3 percent from the previous close, with a weekly rally of 6 percent.
Solana Mobile Announces Second Crypto Phone, Seeker cover
15 days ago

Solana Mobile Announces Second Crypto Phone, Seeker

Solana Mobile, a subsidiary of Solana Labs, revealed at the Token 2049 conference that they are set to release their second crypto phone, named Seeker, in 2025. This new handheld device will boast significant hardware upgrades compared to its predecessor, the Saga. Emmet Hollyer, the head of Solana Labs' phone project, highlighted that Seeker will feature improvements such as a better battery, a stronger camera, and a lighter design. Additionally, Seeker will come equipped with a specialized crypto wallet integrated with the device's Seed Vault key storage, allowing users to conduct crypto transactions more efficiently than on the Saga. Seeker's development marks Solana's continued investment in merging crypto technology with mobile devices. Following the success of the Saga, which was rescued from poor sales by the allure of token airdrops, Solana Mobile received substantial pre-orders in early 2024, paving the way for the creation of Seeker. The new phone will maintain the Android platform and a dedicated app store for crypto developers within the Solana ecosystem, enhancing the user experience and expanding the reach of decentralized applications.
Borderless Capital Launches $100M DePIN Fund III cover
15 days ago

Borderless Capital Launches $100M DePIN Fund III

Borderless Capital announced on September 18 the launch of its third DePIN-focused fund with a $100 million investment goal. The fund aims to boost the development of Decentralized Physical Fracture Networks (DePIN) in the Web 3 space. This new fund will prioritize investments at the protocol level, reflecting Borderless Capital's optimism about the future of DePIN. Investment firm Borderless Capital introduced its third fund focused on Decentralised Physical Infrastructure Networks (DePINs). The fund will prioritize Web2.5 DePINs, Impact, and commodity DePINs. DePINs have emerged as the fastest-growing sector in crypto, allowing the maintenance of physical infrastructure by leveraging blockchain technology. Their decentralized nature enables investors to build applications, GPU clusters, and connectivity networks at a lower cost compared to Web 2.0 models.
Solana Mobile's Seeker Device: A Game-Changer in Crypto Payments cover
15 days ago

Solana Mobile's Seeker Device: A Game-Changer in Crypto Payments

Solana Mobile's upcoming Seeker device is set to revolutionize the world of crypto payments with its double-tap feature. Unlike its predecessor Saga, Seeker is already making waves in the market, garnering $70 million in preorders. The new phone, expected to launch in the summer of 2025, is attracting a significant portion of orders from previously untapped Asian markets. The Seeker device, priced at $500, boasts improvements in weight, screen brightness, battery life, and affordability compared to the Saga. It also features enhancements in its crypto components, such as a more user-friendly Seed Vault for storing crypto seed phrases and a unique double-tap screen feature for seamless crypto transactions. Additionally, Seeker comes with a soulbound NFT that unlocks various rewards programs for users, making it a lucrative investment for buyers.
Borderless Capital Launches $100 Million DePIN Fund III cover
15 days ago

Borderless Capital Launches $100 Million DePIN Fund III

Borderless Capital, a leading Web3 investment manager, has announced the launch of its third DePIN-focused fund, a $100 million fund dedicated to accelerating the growth and development of Decentralized Physical Infrastructure Networks (DePIN). The fund is backed by prominent investors like peaq, Solana Foundation, Jump Crypto, IoTeX, GSR, and others. DePIN is revolutionizing the construction and maintenance of physical infrastructure by leveraging blockchain technology and token incentives. This decentralized approach allows for the creation of various applications, such as connectivity networks and GPU clusters, more efficiently and cost-effectively than traditional Web 2.0 models. Notably, the Helium Network and GEODNET showcase the rapid growth potential of DePIN in deploying IoT antennas and RTK networks on a large scale. Borderless Capital's Partner, Álvaro Gracia, expressed confidence in DePIN's transformative potential within the Web3 space, emphasizing its role in setting global standards for deploying physical infrastructure and generating passive income while enhancing user accessibility and reducing costs.
The Rise of Solana DePIN Projects cover
15 days ago

The Rise of Solana DePIN Projects

There is a growing interest in Solana DePIN projects, with many seeing it as the next big thing in the crypto world. These projects enable the tokenization of tangible assets such as cellular networks, cloud storage, and computer processing power. The DePIN market has experienced significant growth, currently valued at $20 billion, marking a 400% increase in the past year. Surpassing 300% growth, DePIN has become one of the most profitable sectors in the crypto industry, second only to real-world assets (RWA). The value of DePIN on Solana has exceeded $4 billion, attracting both individual users and companies as AI and machine learning gain popularity. **The Appeal of Solana for DePIN Projects** Solana stands out for DePIN projects due to its speed, cost-effectiveness, and robust infrastructure. Its ability to process transactions quickly and at lower costs compared to other blockchains makes it an attractive choice for DePIN initiatives. The ease of system installation, high speed, and expanding user base further contribute to Solana's popularity among DePIN projects. Let's delve into some notable DePIN projects on Solana: 1. **Render Network**: Render is a decentralized GPU rendering network that migrated to Solana for its speed and cost efficiency. Introducing features like the Render Network Cinema 4D Wizard, which streamlines designers' workflows by supporting native C4D files, Render is also part of Grayscale's Decentralized AI Fund, highlighting its significance in AI. 2. **Get Grass**: This decentralized network leverages unused Internet computing power for web scraping, converting data into AI datasets. With over 2 million users globally, Get Grass launched the Desktop Node and initiated an airdrop, distributing 10% of its total token supply. 3. **Kuzco**: Focused on scalable and cost-effective machine learning, Kuzco operates a decentralized GPU cluster on Solana for LLM inference. Since its launch, Kuzco has experienced remarkable growth, expanding its online GPUs to 11.3K and significantly increasing daily points completed. 4. **Ionet**: Partnering with Chainbase, Ionet enhances its omnichannel data network for AI modeling advancements, aiming to elevate the capabilities of AI applications.