Latest DePIN Funding News

Decentralized Physical Infrastructure Networks (DePin) are making significant strides in the tech industry by facilitating decentralized projects that focus on real-world infrastructure. Recently, the DePin sector has seen notable developments, including the listing of the GRASS token on OKX's pre-market futures platform. This allows users to trade USDT-margined futures on the GRASS token, which is the native asset of the Grass project. The futures went live on October 14, 2024, enabling users to monetize unused bandwidth by selling it to vetted companies, thereby creating a fairer marketplace for proxy services. Additionally, the Grass Foundation is set to release a checker for its highly anticipated “Airdrop One” on October 21, 2024, marking it as potentially the most widely distributed airdrop in crypto history. In another significant move, Aethir, a decentralized GPU-as-a-service network, announced the launch of a $100 million Ecosystem Fund aimed at fostering AI and cloud gaming initiatives. A substantial portion of this fund will be directed towards the Aethir Catalyst program, which offers grants ranging from $5,000 to $200,000 to emerging developers. This initiative not only provides financial backing but also grants access to Aethir's extensive GPU resources, enabling developers to create decentralized cloud-based games and integrate AI solutions. Aethir's strategic investment in this area reflects its commitment to enhancing its presence in the rapidly growing cloud gaming and AI sectors. Analytics platform LunarCrush has also highlighted the top DePIN projects based on social media mentions, with Bittensor (TAO) leading the pack with 10,880 mentions, indicating a surge in community interest. MultiversX (EGLD) and ICP (Internet Computer Protocol) followed, showcasing their growing presence in the decentralized infrastructure space. While DePIN is still evolving and faces challenges, it plays a crucial role in bridging the gap between synthetic and real-world assets, thereby supporting traditional infrastructure in areas where conventional models fall short.

FILLiquid, a new platform based on Filecoin, has recently launched FIG Staking, allowing users to earn yield by staking its governance token, FIG. This innovative product employs a revenue-sharing model that enhances the utility of the FIG token, enabling holders to claim a portion of the platform's transaction fees. Since the launch of FILLiquid's FIL liquidity protocol in August 2024, the platform has rapidly gained traction, amassing over $2.5 million in Total Value Locked (TVL). The FIG Staking launch saw nearly 1 million $FIG staked within just two hours, indicating strong interest from the community in engaging with the protocol more deeply. The introduction of FIG Staking not only broadens the use of the FIG token beyond governance but also provides stakers with access to transaction-based revenue. Users can participate by depositing FIG into the staking product, with rewards accumulating as more transactions and loans occur on the platform. The staking process requires users to choose a deposit period, with longer commitments yielding higher rewards. The initial dividends will be distributed manually on specific dates, offering FIG holders multiple opportunities to begin staking and benefit from the platform's growth. FILLiquid aims to solidify its position within the Filecoin ecosystem by enhancing liquidity for storage providers, thereby promoting sustainable storage power growth. The protocol's algorithmic interest rate model is designed to unlock liquidity for storage providers, addressing the challenges they face in making consistent FIL pledges. With a team experienced in the crypto space and a proven track record, FILLiquid is poised to become a significant player in the DeFi landscape, providing innovative solutions for both token holders and storage providers alike.

The cryptocurrency market recently experienced a brief retracement following an extended bull run. This market adjustment, while not entirely unexpected, is crucial for establishing support before continuing its upward trajectory. Investors are actively reshuffling their portfolios as a precautionary measure. Notably, while top altcoins like Helium have managed to maintain momentum above their resistance levels, others, such as Tron (TRX), have fallen below these thresholds. In light of this, many investors are turning their attention to promising presale projects like Lunex Network (LNEX), which boasts significant growth potential due to its innovative decentralized exchange approach. Lunex Network aims to address the challenges of interoperability among blockchains, a common issue faced by decentralized exchanges. By connecting isolated blockchains, Lunex facilitates a non-custodial crypto exchange that allows for the instant conversion and transfer of over 50,000 cryptocurrencies. The platform adopts a customer-first philosophy, enabling users to conduct transactions without the need for KYC or third-party wallets. Additionally, Lunex offers a unique revenue-sharing model, allowing token holders to earn up to 18% passive returns through staking. The LNEX token serves as the primary medium of exchange within the Lunex ecosystem, facilitating staking, reward distribution, and governance. In contrast, Tron (TRX) has struggled to maintain its price above the resistance level of $0.156, recently dropping to a low of $0.148. Despite a brief surge during the recent bull market, TRX's momentum has waned, leaving investors uncertain about its future performance. Helium (HNT) has also faced challenges, yet it has managed to retain some gains from previous rallies, currently trading between $7.54 and $7.87. Analysts suggest that HNT could retest its monthly high of $8.50, reflecting a bullish outlook with a year-to-date increase of over 416%. In this competitive landscape, the unique features of Lunex Network's LNEX token may position it favorably against established tokens like TRX and HNT.

In the rapidly evolving landscape of cryptocurrency, Qubetics is making waves with its innovative decentralised VPN (dVPN) service, which promises to enhance online privacy and security. Unlike traditional VPNs that may track and store user data, Qubetics operates on a peer-to-peer network, ensuring that no single entity has control over user traffic. This unique approach not only safeguards user information through advanced security features like end-to-end encryption and multi-hop routing but also empowers users with freedom from censorship. The excitement surrounding Qubetics is palpable, especially as it successfully raised over $1 million within the first 24 hours of its presale, highlighting strong investor confidence in the project. Currently in its third presale phase, Qubetics is offering $TICS tokens at a competitive price of $0.013 each and has raised an impressive total of $1.2 million. This rapid fundraising success positions Qubetics as one of the standout projects in the crypto presale space. The demand for its dVPN service reflects a growing awareness among users about the importance of online privacy, especially in an era where data breaches and surveillance are prevalent. As more individuals seek secure browsing options, Qubetics is poised to capture a significant share of the market. In addition to Qubetics, other cryptocurrencies like Filecoin and World Liberty Financial are also gaining traction. Filecoin's decentralised storage network allows users to rent out unused storage space, creating a robust ecosystem for data management. Meanwhile, World Liberty Financial aims to disrupt traditional banking systems, offering financial freedom to everyday Americans. As these projects continue to innovate and expand, they collectively represent a promising future for the crypto market, with Qubetics leading the charge in enhancing online privacy through its dVPN service.

Ethereum, since its inception in 2015, has evolved from a visionary concept into a foundational platform for decentralized applications. However, as competition intensifies from other blockchains like Bitcoin and Solana, Ethereum appears to be losing its direction. The token's price remains stagnant, failing to surpass its all-time high of $4700 reached in 2021. This stagnation raises concerns about Ethereum's commitment to its original vision of becoming the World Computer. Ethereum Team Lead, Péter Szilágyi, has noted that the platform is "losing the plot," as it becomes distracted by trends like faster transaction speeds and the concept of "ultrasound money," which detracts from its core purpose of decentralization. The underperformance of Ethereum can be attributed to the current state of decentralized applications (dApps) built on the network. Many of these applications generate short-lived excitement but suffer from poor user interfaces and limited functionality, which hampers user growth. Furthermore, the focus on Layer 2 solutions has led to a siloed user base, making it difficult for Ethereum to achieve its goal of being the World Computer. Despite these challenges, there are signs of progress in Ethereum's infrastructure, with ongoing developments in decentralized computing and a shift towards permissionless networks favored by enterprises. Looking ahead, Ethereum is at a critical juncture in its scaling roadmap. Upcoming upgrades, such as the Pectra upgrade scheduled for late 2024, are essential for maintaining competitiveness with other blockchain platforms. The Purge upgrade will also play a crucial role in simplifying the protocol and reducing costs, but it raises concerns about data centralization. To truly fulfill its role as the World Computer, Ethereum must refocus on enhancing its infrastructure rather than chasing fleeting trends. By doing so, Ethereum can ensure a robust foundation for decentralized computing and regain its status as a leader in the blockchain space.

The cryptocurrency landscape is witnessing significant developments, particularly with the emergence of Qubetics ($TICS), which has successfully raised $1.2 million in its presale, now in Phase 3. Priced at $0.0132 per token, Qubetics is poised to revolutionize user interactions within the digital economy. The project’s innovative approach, especially its integration of Debit and Virtual Card functionalities, allows users to utilize their cryptocurrency seamlessly for everyday transactions, eliminating the need for fiat exchanges. This feature not only enhances user experience but also incentivizes participation through rewards in $TICS tokens, making it an attractive option for early investors in the crypto presale market. In parallel, Filecoin is generating excitement with analysts predicting a 30% price increase by October 12, potentially elevating its value to $4.84. This anticipated growth is underpinned by the increasing demand for decentralized storage solutions, positioning Filecoin as a critical player in the market. As digital data continues to proliferate, the need for secure storage options becomes paramount, and Filecoin's technology is well-suited to meet this demand. Investors are closely monitoring these developments, as the potential price surge could significantly enhance Filecoin's market presence. Additionally, Aptos is preparing for a potential price rally, with analysts noting strong support levels that suggest a breakout may be imminent. Known for its efficient transaction capabilities, Aptos is attracting attention from both developers and investors. As the project continues to refine its infrastructure, it stands to gain from the growing interest in its innovative technology. The combination of Qubetics’ groundbreaking presale, Filecoin’s promising price trajectory, and Aptos’ potential rally illustrates the dynamic nature of the cryptocurrency market, offering various opportunities for investors looking to capitalize on these emerging trends.

The cryptocurrency market is witnessing significant fluctuations, particularly with Ethereum and Bittensor experiencing declines, while BlockDAG is making notable gains. Ethereum has seen a drop in active users by 18.23%, decreasing from 382,000 to 312,000. This decline raises concerns about the network's overall activity, contributing to a price drop to approximately $2,480, which is a 6.18% decrease. Despite some trading activity from Ethereum ETFs, the lack of user engagement may further depress prices, prompting analysts to monitor its potential recovery. In contrast, Bittensor had a remarkable September, with its price surging by 111% from $264 to $587. However, early October has brought uncertainty, as indicators suggest that Bittensor might be overbought. Currently priced around $585, it faces resistance at $660, and without renewed interest, it could see a decline to $520 or even $445. The decrease in visibility and market focus for Bittensor could hinder its growth unless it can attract more attention from investors. Amidst these challenges, BlockDAG has emerged as a strong contender in the crypto space, raising $10 million in just 72 hours following the successful launch of its testnet. This achievement has propelled its presale value to over $92 million, with expectations of reaching a $600 million target. The BDAG coin has experienced a staggering increase from $0.001 to $0.0206, offering early participants a remarkable 1960% gain. As demand for BDAG coins continues to rise, experts predict a potential 30,000x return for early investors, making BlockDAG a project to watch closely in the upcoming crypto rally.

The rise of Decentralized Physical Infrastructure Networks (DePIN) is generating significant excitement in the tech community, as projects in this space are poised to transform the traditional cloud computing model. By creating a two-sided marketplace, DePIN allows users to own parts of the network through node operations, fostering sustainable economic incentives. This innovative approach not only empowers local economies but also supports new models of economic development, particularly in emerging markets where physical infrastructure is often lacking or unreliable. For instance, Helium's network is being utilized for livestock tracking in Africa, demonstrating how DePIN can enhance local livelihoods while protecting endangered species. As DePIN technology continues to evolve, it is becoming clear that node operators can be viewed as micro-businesses rather than mere components of a larger decentralized revolution. This perspective is particularly relevant in emerging markets, where individuals can operate nodes as small businesses, akin to running a local shop. By providing reliable internet services and cloud storage at competitive prices, these node operators can significantly impact their communities, creating opportunities for localized innovation and economic growth. The potential for new business models that emerge from these localized nodes is immense, as they can address specific regional challenges that larger tech companies like AWS may overlook. Ultimately, DePIN represents more than just a technological advancement; it is a catalyst for global innovation. By reducing latency and improving internet access, DePIN can drive the development of new ideas and services across various sectors, including education, healthcare, and entertainment. As node operators in diverse regions begin to harness the power of DePIN, we may witness a wave of localized innovations that reshape industries and empower individuals. The future of decentralized networks is bright, and the potential for economic development through DePIN is just beginning to be realized.

In the rapidly evolving cryptocurrency landscape, BlockDAG has emerged as a significant player, raising an impressive $10 million in just 72 hours. This surge in funding follows the launch of its highly scalable and user-friendly testnet, which has generated considerable excitement among investors. With the presale now exceeding $92 million, BlockDAG is positioning itself as a frontrunner for the next major crypto rally, drawing attention away from struggling platforms like Ethereum and Bittensor. Ethereum is facing challenges as its active user base has declined by 18.23% this year, dropping from 382,000 to 312,000. This decrease has raised concerns about the network's overall activity, contributing to a price drop to approximately $2,480. Despite the introduction of Ethereum ETFs, the lack of user engagement is prompting analysts to monitor whether Ethereum can regain momentum or continue its downward trend. Similarly, Bittensor has experienced a volatile month, with its price peaking at $587 but now facing potential resistance around $660, indicating a possible correction if demand does not increase. In stark contrast, BlockDAG's rapid growth is attracting significant interest, with projections suggesting a potential 30,000x return for early investors. The presale has seen over 14 billion BDAG coins sold, and as the demand continues to rise, the price of BDAG coins has skyrocketed from $0.001 to $0.0206. As the latest presale batch nears completion, investors are urged to act quickly to capitalize on this burgeoning opportunity before prices escalate further. BlockDAG's momentum positions it as a promising candidate for those looking to invest in the next wave of cryptocurrency growth.

Aethir, a decentralized GPU cloud computing company, has announced the launch of the Aethir Catalyst, a significant $100 million investment fund aimed at fostering the growth of AI and gaming projects. This initiative is designed to support early-stage startups and established enterprises by providing financial backing and essential computing resources. The fund will specifically issue 336 million ATH tokens, Aethir's native utility token, to aid in the development of these innovative projects, ensuring that they have the necessary tools to scale their operations effectively. The Aethir Catalyst includes a dedicated $20 million grant program, which is part of the larger Ecosystem Fund. This program is tailored to meet the unique needs of each project, with grants awarded in ATH tokens. Aethir’s Chief Strategy Officer, Mark Rydon, emphasized the importance of this initiative, stating that it aims to eliminate barriers faced by developers in the AI and gaming sectors, particularly those related to high-performance computing. The expansive cloud network, powered by over 43,000 GPUs and 3,000 NVIDIA H100 GPUs, will be leveraged to provide critical compute resources for the supported projects. The initiative is expected to support over 100 projects, focusing on four key categories: gaming innovators, pre-launch projects, AI-integrated enterprises, and cloud gaming platforms. Each application will be evaluated based on factors such as innovation, growth potential, computing needs, and community impact. This comprehensive approach not only aims to stimulate the AI and gaming ecosystems but also positions Aethir as a leader in providing essential resources for the next generation of tech startups.