Latest DePIN News

AAVE has silently achieved a doubling of its Total Value Locked (TVL) to a remarkable $21 billion this year. With active loans, revenue, and fees surging, AAVE is outpacing market capitalization growth, establishing itself as a major player in the Web3 lending market. Over three years, AAVE has secured a 50% market share, driven by stablecoin integration, asset support expansion, and resilience through market cycles. A new fee switch and token buyback proposal, if implemented, could further enhance AAVE's economic model and investor appeal. Despite shifting trading volumes towards SOL, AAVE remains at the forefront of the $ETH lending market, showing less sector-specific risk compared to UNI in the DEX sector. AAVE's growth and strategic moves highlight its dominance in the Web3 lending space, with potential model changes set to strengthen its position as the decentralized finance landscape evolves.

Filecoin's price surges with the announcement of the Waffle network update, set for August 2024, promising performance enhancements and new capabilities. The update includes support for Ethereum transactions and a non-interactive proof of replication. Filecoin's strategic partnership with SingularityNET aims to revolutionize AI data storage, positioning Filecoin as a leading DePIN project for AI. The price rally is supported by an increase in trading volume and positive technical indicators, with the potential to break resistance levels for continued growth.

Gamic has partnered with APhone, integrating into their decentralized app store, AppNest. This collaboration allows APhone users to easily access Gamic's Web3 messaging and community-building features, enhancing visibility for Gamic in the mobile Web3 space. APhone is a decentralized cloud phone that offers a unique Web3 experience, with advanced security, superior processing power, and high-quality GPU. It provides a gateway to the mobile Web3 era, catering to professionals, gamers, developers, travelers, and Web3 farmers, ensuring privacy, security, and a seamless mobile experience.

The Pebble Tracker by IoTeX is an innovative blockchain-powered IoT device that offers real-time data capture for various applications. With its user-friendly setup and integration into the MachineFi ecosystem, users can monetize their data securely. The device captures data on location, climate, motion, and light, providing versatile solutions for logistics, environmental monitoring, fitness, and security. Blockchain technology ensures secure and verifiable data capture, while real-time data analysis opens up possibilities for timely decision-making. The Pebble Tracker's versatility makes it suitable for both personal and industrial applications, unlocking its full potential in various sectors.

Ramon Recuero, CEO of Kinto, discusses the potential of real-world assets (RWAs) in the blockchain space, highlighting their role in unlocking liquidity for asset holders and the challenges of establishing a product-to-market fit in the crypto industry. He believes that RWAs could represent a multitrillion-dollar opportunity and that exponential adoption will eventually lead to a significant shift in the value of tokenized assets.

Decentralized Physical Infrastructure Networks (DePINs) are revolutionizing the digital landscape by creating decentralized, transparent, and secure public infrastructure systems using blockchain technology. They incentivize individuals to contribute to these networks by rewarding them with cryptocurrency for sharing digital resources and powering hardware networks. AYDO is pushing the landscape forward by facilitating universal IoT connectivity and reducing integration barriers for DePIN. AYDO's modular approach simplifies the adoption and maintenance of DePIN systems, enabling developers to focus on their core products. AYDO also simplifies data monetization by enabling users to stream data to various platforms, including DePIN projects and AI models, fostering a dynamic and interconnected data ecosystem. As the global IoT market is expected to grow significantly, DePINs have the potential to become one of this decade's most important crypto investments.

The DePIN Association has officially formed, uniting ten organizations to advance decentralized physical infrastructure networks. Founding members include Acurast, peaq, DePINHub, PowerLedger, U2U Network, POKT Network, SafeJunction, IoTeX, and Geodnet, each contributing to a connected, decentralized world vision. The association aims to foster innovation, set industry standards, and promote decentralized infrastructure networks using blockchain for transparency, security, and efficiency. Initiatives include standardization, R&D support, education, and events.

The DePIN Association, consisting of ten leading blockchain innovators, has officially formed with the goal of advancing the decentralized physical infrastructure networks (DePIN) ecosystem. Founding members, including Acurast, peaq, and PowerLedger, aim to foster innovation, set industry standards, and promote collaboration for a more connected, decentralized world. The association will focus on standardization, research and development, education, and events to raise awareness and support the growth of decentralized infrastructure.

Roam is a decentralized network that transforms WiFi into a tool for earning rewards and contributing to a global infrastructure. It integrates millions of WiFi spots into a unified network, enhancing accessibility and offering a dynamic reward system for users. By using Roam, individuals can earn Roam Points for activities like adding WiFi spots, checking in, and referring friends, which can later be converted into $ROAM tokens. This innovative approach not only provides financial incentives but also encourages active participation in the expansion of the network, ensuring privacy and security in the process.

A decentralized smartphone, APhone, has partnered with Aethir to introduce a new scaling solution that significantly reduces user costs while increasing capacity. The solution allows APhone to handle over 800,000 daily users at a fraction of the previous cost, thanks to Aethir's distributed GPU cloud computing network. Additionally, APhone will integrate Aethir Edge, an AI device that enhances the performance and security of Web3 applications. The partnership is expected to save APhone over $3.2 million quarterly and could propel the decentralized physical infrastructure (DePIN) industry, which is projected to reach a $3.5 trillion market by 2028.