The DePIN Explorer - DePIN Scan

April 22, 2025 – DeNet, the leading DePIN for data storage, shares the results of its one-week Datakeeper Node Sale—a major step toward building a global, privacy-first decentralized storage network. Over 2,100 Datakeeper Nodes—licenses for storing data within the DeNet network—expanded its ecosystem. DeNet's Datakeepers form a powerful backbone for global data storage, with an estimated collective capacity of 630 PB—enough to store 126 million HD movies. With unlimited storage per license, each Datakeeper can greatly enhance their role, further amplifying this vast capacity. As highly committed and responsible members, Datakeepers have invested significantly, with total costs averaging $14.7M for equipment and licensing fees. Following the completed sale, DeNet is advancing to the second phase launching all nodes within its ecosystem. Datakeepers will soon be able to activate their licences within the newest DeNet Storage Protocol v4, which is 90% ready for seamless launch on any blockchain and will allow Datakeepers monetize their storage capacities. "Since 2017, despite obstacles and market changes, we have been building a reliable decentralized data storage system based on core principles like security, transparency, and data sovereignty. Recently, there have been increasing opinions on the topic of challenges faced by centralized data centers, underscoring the critical importance of these values. Millions of users worldwide trust us. The Node Sale provided DeNet with fresh momentum for network growth. We see significant investments from our Datakeepers and it ensures we attract the most reliable and trusted participants to our ecosystem”, says Rafik Singatullin, co-founder of DeNet. Looking ahead, DeNet has an ambitious roadmap for 2025. The ecosystem will launch on peaq, the blockchain powering the Machine Economy, and serve as a native storage layer for its ecosystem, expanding its reach across industries. DeNet also plans to introduce an enterprise solution for large-scale data needs, release an SDK to support protocol-based developments, and host a Token Generation Event (TGE) on peaq. These initiatives underscore DeNet’s commitment to driving innovation in decentralized storage. DeNet welcomes users, businesses, and developers to join its growing ecosystem. About DeNet: DeNet is a programmable DePIN storage layer that taps into the worldwide potential of unused storage by tokenizing real-world asset (RWA) capacity. With over 3.5 million users entrusting 15 million files and 1.8 million Watcher Node devices worldwide, DeNet stands out as a fully operational solution, solidifying its leadership in decentralized storage. Website: https://denet.pro/ Twitter/X: https://x.com/DeNetPro

The decentralized exchange (DEX) landscape on Solana is experiencing significant changes, with Raydium's long-standing dominance being challenged by emerging competitors. As of April 20, 2025, Raydium still holds the largest share of DEX trading volume at 31%, but this marks a steep decline from its peak of 63% earlier in the year. New platforms like Pumpfun, Orca, and SolFi are rapidly gaining traction, indicating a shift towards a more competitive environment. Pumpfun, in particular, has made a remarkable entrance, capturing 19% of the DEX volume just weeks after its launch, showcasing the potential for innovation within the Solana ecosystem. Pumpfun's success can be attributed to its hybrid model, combining a memecoin-focused launchpad with a high-speed automated market maker (AMM). This dual functionality has attracted retail interest and provided efficient liquidity, positioning Pumpfun as a formidable player in the DEX space. However, the sustainability of its growth remains uncertain as it faces the challenge of retaining liquidity providers and attracting serious traders in a volatile market. Meanwhile, Orca and SolFi are vying for dominance in key trading pairs, with Orca slightly leading in the SOL-USD market, highlighting the competitive nature of decentralized exchanges beyond the memecoin frenzy. Despite Raydium's declining market share, it still maintains a significant presence in the Solana DEX ecosystem. The platform must adapt to modern trading demands and innovate to retain its user base. The evolving DEX landscape presents both challenges and opportunities, with new protocols emerging and existing players striving to enhance their offerings. As the competition intensifies, the next few months will be crucial in determining whether a few dominant players will emerge or if the multi-DEX ecosystem will continue to thrive, fostering specialization and innovation in the Solana DeFi space.

SEC Settlement with Nova Labs Over Helium Network Dispute The US Securities and Exchange Commission (SEC) recently settled a lawsuit with Nova Labs, the developer of the decentralized wireless network Helium. The agreement involved the dismissal of allegations regarding the issuance of unregistered securities and a $200,000 civil penalty. The lawsuit, filed in January 2025 during former Chair Gary Gensler's tenure, marked one of the SEC's final enforcement actions against a cryptocurrency developer before his departure. The settlement, which includes a dismissal with prejudice, signifies that Nova Labs cannot face similar charges related to the issuance of its native token Helium (HNT) in 2019. The company clarified in an April 10 blog post that the distribution of HNT, IOT, and MOBILE tokens through the Helium Network is not considered securities, as confirmed by the outcome of the settlement. Nova Labs also agreed to pay the SEC $200,000 to settle civil securities fraud charges without admitting or denying wrongdoing. This development highlights the evolving regulatory landscape in the crypto industry and the implications for blockchain developers and token issuers.

AI Unbundled: Advancing AI Innovation in Web3 Aethir, a pioneer in decentralized cloud infrastructure for AI and gaming, has launched 'AI Unbundled,' a new industry alliance aimed at advancing artificial intelligence innovation within the web3 ecosystem. The initiative aims to streamline access to critical infrastructure for AI development, providing AI startups with funding, access to decentralized resources, and opportunities for collaboration through co-branded events. Through AI Unbundled, AI builders can tap into high-performance, cost-efficient infrastructure crucial for training and deploying advanced models. The alliance, led by Aethir, brings together key decentralized infrastructure providers, blockchain networks, and investment firms such as 0G Labs, Biconomy, Polyhedra, Oasis Protocol Foundation, and more. AI startups can benefit from joint grant funding, subsidized access to decentralized GPU infrastructure, and access to tools like ERC-7857 for securing AI agents. The program also includes industry events, workshops, hackathons, and shared resource hubs for ecosystem introductions and technical mentorship.