Exploring the Best DePIN Cryptocurrency Projects in 2024

In a significant development for Helium and the Decentralized Physical Infrastructure (DePIN) movement, the U.S. SEC has officially dismissed its claims of unregistered securities against Helium with prejudice. This ruling means that the SEC cannot refile these charges, effectively clearing a major regulatory hurdle for Helium. As a result, the Helium Network and its associated tokens—HNT, MOBILE, and IOT—can now operate with renewed confidence. Following this announcement, the price of Helium (HNT) surged over 6%, reaching levels not seen in months, raising questions about its potential for further gains. This regulatory clarity is a pivotal moment not only for HNT holders but also for the broader cryptocurrency landscape. The SEC's acknowledgment that Helium Hotspots and its token distribution do not constitute securities removes a significant barrier to adoption. This development allows Helium to expand its operations globally, attract new partnerships, and pursue integrations without the looming threat of legal complications. The positive sentiment among investors is evident in the price charts, which reflect a bullish trend as Helium prepares for a new phase of growth. From a technical perspective, Helium's daily chart indicates a breakout, with the price climbing to $3.72 after weeks of consolidation. The token has reclaimed key moving averages, suggesting strong bullish momentum. If HNT maintains its position above the 100-day SMA at $3.71, it could target the 200-day SMA at $5.32, representing a potential 40% increase. Additionally, the hourly chart shows a recent parabolic spike followed by healthy consolidation, indicating that while profit-taking is occurring, the overall bullish trend remains intact. With the SEC's decision paving the way for Helium's future, projections for HNT could see it reaching between $5.00 and $6.00 in the near term, solidifying its status as a leader in the DePIN sector.

Last week, the cryptocurrency market experienced a mixed performance, with notable tokens like Onyxcoin, Fartcoin, Jasmy, Hyperliquid, and Helium witnessing significant gains. In contrast, other altcoins such as Tezos, EOS, Movement, Toncoin, and Ethereum faced double-digit declines. Bitcoin remained in a consolidation phase, despite the US dollar index dropping and U.S. equities fluctuating. This article highlights Fartcoin, Solana, and Arbitrum as the top cryptocurrencies to monitor this week due to their recent performances and market dynamics. Solana, a prominent layer-1 network, is gaining attention this week due to a notable increase in transactions. According to Nansen data, Solana's transactions surged by 6.6% over the past week, reaching 355 million, while transaction fees exceeded $6.15 million. Additionally, Solana has surpassed Ethereum in decentralized exchange transactions, processing over $15 billion recently. The SOL price has rebounded to $129 after hitting a low of $94.65 earlier this month, with potential for further gains as it approaches the 38.2% Fibonacci Retracement level at $170. Fartcoin is another cryptocurrency to watch, having surged over 364% from its lowest point this year, marking its highest level since February 1. This surge is attributed to whale accumulation, creating a fear of missing out among investors. Technically, Fartcoin has formed a cup and handle pattern, indicating potential for further upside, with bulls targeting a key resistance level at $1.5. Meanwhile, Arbitrum, despite being in a downtrend, has seen a 40% increase in DEX transaction volume, reaching $4.6 billion. As it approaches a milestone of $500 billion in DEX transactions, the upcoming token unlock worth over $28 million could influence ARB's price, which has formed a bullish divergence pattern, suggesting a possible rebound ahead.

Conor McGregor, the renowned Irish mixed martial artist, has recently ventured into the cryptocurrency space with the launch of his memecoin, "REAL." This digital token aims to revolutionize the crypto landscape by offering staking rewards and governance rights within its ecosystem. However, the fundraising efforts for REAL faced significant challenges, raising only $392,315 out of a targeted $1,008,000 during a 28-hour presale. The auction's failure prompted the Real World Gaming (RWG) decentralized autonomous organization to announce full refunds for all bids, as McGregor continues to promote the project with his characteristic enthusiasm, stating, "Ladies and gentlemen, this is REAL!" The team is now considering a relaunch with a revised fundraising strategy to enhance the token's appeal. Several factors contributed to the unsuccessful fundraising of the REAL memecoin. The launch coincided with a downturn in the cryptocurrency market, where major coins like Ether and Solana experienced significant declines. Additionally, economic uncertainties stemming from global tariff reorganizations and fears of recession made investors more cautious. The memecoin space has also been marred by scams, leading to a general distrust among potential investors. Misinterpretations of REAL's objectives and skepticism towards celebrity-backed tokens further complicated the fundraising efforts, as many viewed it merely as another celebrity-endorsed project. The failure of REAL's fundraising serves as a cautionary tale for investors in the crypto space. It underscores the importance of looking beyond celebrity endorsements and understanding the fundamentals of a project. Investors should conduct thorough research to assess a token's utility, community engagement, and overall credibility. The incident highlights the need for regulatory clarity in celebrity endorsements to protect retail investors and maintain the integrity of the cryptocurrency market. As the crypto landscape continues to evolve, genuine trust and long-term vision will prove more valuable than mere fame in fundraising efforts.

March 2025 proved to be a pivotal month for CUDOS, showcasing significant advancements in the CUDOS Intercloud and ASI ecosystems. The month was marked by record-breaking compute growth, with 250,660 compute hours delivered, representing the highest single-month total to date. This surge in demand, particularly from AI and Web3 workloads, contributed to a monthly revenue increase of 30%, reaching $180,000. The total ecosystem revenue surpassed $1.5 million, highlighting a robust shift towards distributed computing, with a total of 1.6 million compute hours logged, up 17% from February. The user base also expanded to 17,000, indicating a growing adoption among developers and node operators seeking alternatives to centralized cloud solutions. The collaboration between CUDOS and the ASI Alliance, which includes Fetch.ai, SingularityNET, and Ocean Protocol, has also matured over the past year. CUDOS has successfully integrated into the ASI stack, serving as the distributed compute layer, and completed the token migration with $FET, enabling wallet-native usage. This partnership is aimed at building a distributed, privacy-first AI future, emphasizing the importance of computing without compromise. The integration of CUDOS with ASI reflects a commitment to advancing distributed intelligence and self-sovereign AI architectures. In addition to these developments, CUDOS launched a partnership with Rainfall, a privacy-preserving personal AI platform, enhancing node deployment integration. This collaboration allows node operators within the Rainfall ecosystem to utilize CUDOS Intercloud for scalable, low-cost compute solutions. Furthermore, CUDOS introduced a referral program to incentivize users to share their network, offering commissions in $FET for successful referrals. As demand for compute resources continues to rise, CUDOS is set to enhance its platform with new features, tutorials, and community support, paving the way for future innovations in distributed computing.

In a significant development within the DePIN ecosystem, the DoubleZero Foundation has secured a remarkable investment of $28 million from top venture capital firms, including Dragonfly and Multicoin Capital. Founded by Austin Federa, who previously played a pivotal role at the Solana Foundation, DoubleZero aims to create a robust web3 infrastructure by addressing the challenges faced by current blockchain networks. The project is designed to enhance bandwidth and reduce latency, facilitating smoother operations for web3 applications. The investment signals strong support from the Solana ecosystem, indicating a collective effort to build a physical infrastructure network that can rival traditional web2 solutions. Another noteworthy project, Roam, has emerged as a decentralized wireless network built on the Solana blockchain. Launched on March 6, Roam aims to provide seamless WiFi and eSIM connections globally, boasting over 2.3 million users and 2 million WiFi nodes across 190 countries. With a market capitalization exceeding $60 million, Roam utilizes blockchain technology to ensure secure connections and automatic network switching. Its innovative approach, combined with a strong incentive mechanism for users to share WiFi, positions Roam as a leading player in the DePIN space, drawing comparisons to Starlink for its ground-based communication solutions. As of mid-March 2025, the DePIN ecosystem on Solana has flourished, with a market value surpassing $25 billion. This growth is attributed to Solana's technical advantages, such as high throughput and low transaction costs, making it an attractive platform for DePIN projects. The Solana Foundation's proactive support through funding and hackathons has further nurtured this ecosystem. With approximately 78 DePIN projects currently active on Solana, including notable names like Helium and Render Network, the platform is poised to lead the way in decentralized physical infrastructure, showcasing its potential to reshape the future of connectivity and data sharing in the blockchain space.

MVL, a leader in blockchain-based mobility solutions, has officially launched its mainnet on April 9, 2025, marking a significant advancement in its mission to create a value-sharing mobility ecosystem. Founded in 2018, MVL aims to ensure that drivers, riders, and service providers benefit equitably through blockchain technology. The new mainnet is built on Base Appchains, a Layer 3 app-specific rollup developed by the Coinbase Developer Platform, which allows MVL to operate independently without competing for resources. This setup provides MVL with enhanced scalability, faster transaction speeds, and a robust infrastructure, ensuring a seamless experience for users of its services, particularly the zero-commission ride-hailing platform, TADA. The launch of the MVL mainnet is pivotal for the expansion of TADA, which has already established itself as the second leading ride-hailing service in Singapore and is set to enter the U.S. market through a partnership with Drivers Cooperative Colorado. This collaboration aims to introduce a zero-commission ride-sharing service in the U.S., leveraging TADA's technology and operational expertise. The integration of TADA's infrastructure onto the blockchain, referred to as DePIN (Decentralized Physical Infrastructure Network), enhances transparency and shifts control back to users, challenging traditional platform models that often prioritize corporate profits over user benefits. In addition to TADA, MVL has launched 'Musubi', a digitized vehicle finance platform that connects ride-hailing drivers with investors. Musubi allows for the digitization of vehicle-related rights, providing real-time access to critical data such as vehicle location and performance metrics. CEO Kay Woo emphasized that the mainnet will unify MVL's services, fostering synergies across the ecosystem and driving further innovation in the mobility sector. With ongoing expansions and partnerships, MVL is poised to redefine the future of mobility through blockchain technology.