Latest DePIN News

OKX Wallet to Host X Space on the Convergence of DePIN and AI. The event, featuring industry leaders from @getgrass_io, @jambotechnology, and @CyberChargeWeb3, will explore the synergies between DePIN and AI technologies. OKX, a global crypto exchange and Web3 company, aims to redefine fan engagement with sports teams using innovative technology. Through campaigns like Unseen City Shirts and Race Rewind, OKX offers fans exclusive real-world benefits. With a commitment to transparency and security, OKX's ecosystem includes the OKX Wallet, connecting users to over 100 blockchains and numerous DeFi protocols. For more information, visit OKX's Support Center.

Storj partners with CUDOS to advance distributed compute and cloud storage solutions, leveraging NVIDIA's chips for the expanding AI market. The collaboration aims to provide scalable and cost-effective solutions for businesses and developers. Storj's recent partnerships with cunoFS and AIOZ Network further enhance AI and video workflows in the decentralized cloud storage space. Competitors include Filecoin, Arweave, and AIOZ Network's W3S. The DePIN market has seen increased funding for projects like IoTeX.

IoT devices are evolving to provide real-world data for enterprise AI systems, driving business benefits beyond the initial hype. Despite the novelty wearing off, IoT remains crucial for connecting industrial and consumer devices with high-ROI AI applications. The integration of IoT and AI enables automation, optimization, and cost reduction in physical operations. Semiconductor companies like NXP and Qualcomm offer powerful, energy-efficient chips to support a variety of IoT applications. Forward-thinking IoT suppliers focus on customer needs, integrating IoT features into industry-specific products. This shift from technology-centric to product-centric IoT enhances customer value and business outcomes.

Decentralized Physical Infrastructure Networks (DePINs) are evolving beyond digital infrastructure to include data and service networks. These projects operate through blockchain-based coordination and impact physical infrastructure like servers and sensors. DePIN projects consist of two-sided marketplaces, with demand and supply sides. On the supply side, improvements in utility token design and decreasing cost curves are driving more diverse participation in hosting infrastructure. On the demand side, improvements in usability, privacy & security, and the explosion of data generation are increasing the viability of DePIN businesses. These advancements are making DePIN projects more accessible and attractive to a wider range of users and providers.

Decentralized Physical Infrastructure Networks (DePin) are the new trend in the crypto world, aiming to decentralize physical infrastructure management using blockchain technology. Innovative projects like Render, Akash Network, Helium, and Filecoin offer secure and transparent solutions. Among them, Shieldeum stands out with its AI-powered cybersecurity application, providing enhanced protection for crypto users against cyber threats. DePin networks represent a significant revolution in the crypto space, democratizing access to physical infrastructures while ensuring data and transaction security.

Filecoin, a top DePIN project, has experienced a significant drop in price and market cap from its 2024 highs. With a Sharpe ratio of -2.95 indicating poor risk-adjusted returns, FIL may not be a strong short-term investment. There is a possibility of the price falling to $3.25 if bearish momentum persists, but buying pressure could potentially drive it up to $4.27.

TAO, RNDR, FIL, ICP, EGLD, WMT, DIONE, HOT, AR, and AKT are the top DePIN projects based on social activity according to Phoenix Group. TAO leads the list with 7.2K engagement posts and 1.0 million interactions. Following closely, RNDR, FIL, and ICP secure the next positions. AKT ranks last with 2.5K engagement posts and 279.5K interactions. The rankings are determined by factors like engaged posts, interactions, upvotes, retweets, comments, and likes.

Top DePIN Tokens with Promising Growth Potential for Investment Portfolio include FOAM, Sentinel, Jackal Protocol, Dimitra, and MVL. FOAM leads in decentralized geospatial data management, with a 25.5% price surge. Sentinel offers decentralized VPN services, showing an 8.2% value increase. Jackal Protocol focuses on decentralized data storage, with a 7.7% price growth. Dimitra supports small-scale farmers using blockchain and AI, with a 7.8% token price rise. MVL targets automotive and transportation industries, with a 6.6% price increase.

TONX and IOTEX is thrilled to announce partnership. TONX and IoTeX will be co-building a Seamless DePIN Infrastructure for the TON ecosystem, that will bring DePIN to 950M Telegram Users. Wego, co-founder of TONX, shared live at #TheOpenSummit in Taipei. This integration positions TONX as a bridge to Telegram’s extensive user base, while @iotex_io provides the underlying modular DePIN infrastructure. It will transform various industries by leveraging the unique strengths of TONX's platform layer and IoTeX's DePIN technology. Both DePIN and TON are considered as levers to the mass adoption of blockchain technology. With this collaboration, shared expertise, experience and connections will help enhance the success and efficient approach to both ecosystems. This adds flexibility with the capacity to adapt quickly to varying situations in a collaborative effort.

Aethir token (ATH) experiences a 35% surge after being listed on South Korea's top exchanges, Upbit and Bithumb. The token, known for its applications in AI and gaming, solidifies its presence in the market. With a strong market debut and trading incentives, Aethir aims for new highs amidst sector growth. Despite the revenue success and increased open interest, caution is advised as no DePin project has proven long-term viability yet. The surge in open interest and trading volume indicates a volatile market environment for Aethir.