Latest DePIN Funding News

In the ever-evolving world of cryptocurrency, Aptos (APT) has made headlines with a notable 21% surge, bouncing back after a significant drop earlier this month. This resurgence is attributed to the cryptocurrency reaching its Fibonacci retracement level, which has sparked renewed optimism among investors. The increase in active addresses, peaking at 1.27 million in June, further supports this bullish trend. As of now, Aptos is trading at approximately $9.38, with analysts suggesting a potential rise of another 19% to reclaim its October peak. Meanwhile, Bittensor (TAO) has also experienced a remarkable 20% jump in a single day, driven by positive sentiment following recent elections. However, the cryptocurrency faces resistance as indicated by the Ichimoku Cloud, which could pose challenges for further upward movement. The Relative Strength Index (RSI) has surged into the overbought territory, suggesting that while there is strong buying interest, a correction may be imminent if the momentum does not sustain. Traders are closely monitoring TAO's short-term moving averages for signs of a trend reversal that could lead to higher resistance targets. The standout performer in the current market is BlockDAG (BDAG), which has successfully raised over $122 million in its presale, attracting significant attention from investors. With over 15.3 billion coins sold at a price of $0.0234, early participants have already seen returns exceeding 2240%. BlockDAG’s innovative DAG-PoW technology positions it as a strong contender in the Layer-1 blockchain space, aiming for a target of $600 million. As the presale progresses, the urgency for investors to join increases, highlighting BlockDAG as a potential breakout altcoin that could redefine the market landscape.

The launch of the DRF token represents a pivotal moment for the DRIFE ecosystem, which aims to revolutionize the ride-hailing industry through decentralization. As the first fully transparent decentralized ride-hailing platform, DRIFE introduces the DRF token to empower users, drivers, and riders alike. This initiative not only provides a stake in the platform's future but also fosters active participation among community members. Drivers can enhance their earnings while riders enjoy reduced costs and increased transparency, creating a collaborative environment where all users contribute to the ecosystem's growth. The DRF token also serves as a versatile payment method within the DRIFE platform, allowing users to pay for rides using DRF tokens in select regions. This integration promotes seamless and secure transactions, reducing reliance on traditional currencies. Additionally, DRIFE incentivizes user engagement through a rewards system, where both riders and drivers can earn DRF tokens for their activities. Staking opportunities further enhance the token's appeal, enabling users to grow their holdings passively while supporting the platform's development. Subscription benefits, such as priority booking and discounted fares, add further value for token holders, enriching their overall experience. With a carefully structured token distribution model, DRIFE ensures long-term growth and stability. The allocation of tokens among various stakeholders, including team members and investors, is designed to prevent immediate sell-offs and promote ecosystem health. The introduction of the DRF token not only empowers drivers and riders economically but also fosters a transparent and decentralized ride-hailing experience. As DRIFE continues to expand its offerings, the DRF token will play a crucial role in shaping the future of mobility, establishing a user-driven platform that rewards participation and redefines the ride-hailing landscape.

The Auki Network has recently announced a significant update regarding its third-party custody solution for its token, $AUKI. Emphasizing their commitment to radical transparency and accountability, Auki Network has opted to migrate its digital assets to a new custody provider. Third-party custodians play a crucial role in the blockchain ecosystem by securely holding and managing digital assets on behalf of clients, ensuring the safety of private keys and enhancing overall security. The choice of custody solution is vital for any blockchain project, as it directly impacts asset management and security protocols. The migration process involves transferring tokens to new wallets under the new custody solution and resetting permissions for various operational routines. The previous custody arrangement had some limitations, including the consolidation of all cold wallet $AUKI tokens in a single wallet, which hindered clear on-chain separation between different pools of unvested tokens. Additionally, the previous custodian's internal token movements could have led to perception issues within the community, as any unlisted $AUKI tokens would be considered circulating supply without prior notice. Auki Network's decision to change custodians addresses these concerns and aligns with their goal of implementing best practices in asset management. The new custody solution involves migrating assets to Hex Trust, a centralized custodian, while smart contract administration roles have been assigned to Safe Wallet, a decentralized custodian. This dual approach not only resolves the issues faced with the previous custodian but also enhances visibility and transparency for the community. The new setup provides comprehensive insurance coverage of USD 50 million for all wallets, significantly improving security. As a result, the community can expect more accurate circulating supply data on platforms like CoinGecko, reinforcing Auki Network's commitment to transparency and accountability in their operations.

MetaMask has recently enhanced its functionality through integration with IoTeX, allowing users to perform seamless token transfers across various blockchains. This integration significantly improves interoperability for active traders, enabling over 30 million users to engage across 90 different blockchain environments. However, some users have reported issues with the Snap feature, which can experience sporadic delays, particularly when handling large token volumes. This reliance on multiple network connections may also slow down transactions, leading to frustration among users seeking quicker responses. In the wake of the recent U.S. election results, XRP has seen a notable rally, with its price climbing to $0.5142, marking a 2.19% increase. This surge is largely attributed to optimism surrounding Trump's potential influence on future crypto regulations, particularly regarding the SEC's stance on Ripple. Trump's promises to dismiss SEC Chair Gary Gensler could ease regulatory pressures, benefiting XRP's market position. However, the dependency on political changes introduces volatility, as ongoing legal actions from the SEC could still pose risks for XRP investors. Plus Wallet is making waves in the crypto wallet sector by transforming everyday transactions into earning opportunities. Its innovative features, such as 'Swap to Earn' and 'Refer to Earn', allow users to profit from their trading activities and expand their networks for passive income. This approach not only enhances user engagement but also fosters a supportive community focused on mutual benefits. As crypto enthusiasts increasingly seek wallets that provide rewards alongside basic functionalities, Plus Wallet's commitment to user empowerment positions it as a leading choice in the market.

As we look ahead to 2025, the cryptocurrency landscape is poised for significant evolution, particularly with the emergence of blockchains like Solana, SUI, and Bitcoin. Following the FTX crash, many investors have turned their attention back to Solana, which offers a unique advantage over Ethereum by providing faster and cheaper transactions. With only 5% of the global population currently owning cryptocurrency, experts believe we are still in the early stages of this digital revolution. While Bitcoin remains the dominant force in the market, Ethereum's influence is waning, primarily due to its congested layer 2 solutions, which may hinder its performance in the upcoming cycle. Solana is rapidly gaining traction, boasting impressive statistics such as a transaction speed of 1,500 transactions per second (tps) and surpassing Ethereum and Tron in total economic value locked. The upcoming Firedancer update is expected to enhance its capabilities further, potentially reaching 1 million tps. Additionally, the SUI blockchain is emerging as a strong contender in the decentralized physical infrastructure networks (DePIN) space, offering solutions for the Internet of Things. With a focus on real-time, secure interactions among interconnected devices, SUI is attracting developers and projects like Karrier One and Chirp Wireless, which aim to revolutionize wireless access and decentralized telecom. The current narratives in the crypto space include real-world assets, AI, GameFi, and meme coins, with a particular emphasis on DePIN. Bitcoin continues to outperform other asset classes, reinforcing its position as a leading investment choice. As the cryptocurrency market evolves, the belief in Web3 remains steadfast, with many anticipating a bullish trend in the near future. For those still exploring the crypto landscape, the message is clear: the opportunity to invest in transformative technologies is ripe, and the time to act is now.

The IoTeX Network has made significant strides with the launch of its 2.0 upgrade in Q3’24, which aims to provide decentralized infrastructure, public goods, and governance tools for Decentralized Physical Infrastructure Networks (DePIN). This upgrade has led to a notable increase in network activity, with active wallets and transactions rising by 13% and 8% quarter-over-quarter (QoQ), respectively. The introduction of the ioID protocol has been pivotal, transforming hardware devices into on-chain entities with verifiable identities. As of Q3’24, the network is secured by 112 delegates who are actively staking $172 million, marking a 17% increase QoQ, and achieving an average staking participation rate of 41.3%. The IoTeX 2.0 upgrade also features an enhanced tokenomic design that seeks to balance inflationary staking rewards with deflationary token burns, thereby driving the utility of the IOTX token. Throughout Q3’24, IoTeX has integrated with several prominent networks and protocols, including Solana and Polygon, which positions the IoTeX Network as a robust ecosystem for DePIN projects. The middleware solution, W3bstream, is set to launch on the mainnet in Q1’25, further enhancing the network's capabilities by providing verifiability and scalability for DePINs. In addition to the technical advancements, IoTeX has established the Marshall DAO to manage a pool of IOTX tokens dedicated to funding DePIN projects. This community-driven approach allows token holders to propose and vote on initiatives, fostering a collaborative environment for innovation. The DePIN ecosystem on IoTeX has expanded significantly, with over 230 dApps and more than 50 dedicated DePIN projects, solidifying IoTeX's position as a leading player in the decentralized infrastructure space. The future looks promising as the network continues to evolve and attract diverse applications across various sectors, including DeFi and GameFi.

The cryptocurrency market is witnessing a significant surge, particularly in altcoins, as the total market cap, excluding Bitcoin and Ethereum, has surpassed $750 billion. Among the standout performers are Akash Network, Cronos, and Render, each showing promising price movements and potential buying opportunities. Investors are keenly observing these tokens as they navigate through their respective bullish trends, indicating a robust interest in altcoin investments. Starting with Akash Network (AKT), the token has demonstrated a strong breakout from a falling channel, currently trading at $3.30 after a notable 12.11% intraday gain. This rally has propelled AKT to a 52% increase over the past week, surpassing the 38.20% Fibonacci retracement level. Analysts suggest that the price could extend towards the psychological mark of $5, with a long-term target at $12, indicating a potential upside of over 250%. This positions Akash Network as a compelling option for investors looking for growth. Cronos (CRO) has also made headlines with a remarkable 60% price increase in just two days, following a 72% recovery last week. Currently priced at $0.1195, it is nearing the critical psychological level of $0.20. The token is challenging the 23.60% Fibonacci level at $0.2152, with expectations of a bullish breakout that could push the price to $0.40, representing an upside potential of more than 100%. Meanwhile, Render (RNDR) is trading at $7.33, having surpassed the $7 mark with a 75% price jump. Analysts predict that it could reach new highs above $13.27, showcasing an upside potential of over 80%. These developments highlight the dynamic nature of the altcoin market and the opportunities it presents for investors.

Kraken, one of the leading cryptocurrency exchanges, is set to launch two new tokens on November 12, 2024, at 14:00 UTC: the Aethir native token (ATH) and the meme coin Apu Apustaja (APU). This announcement has generated significant excitement within the crypto community, particularly as Kraken prepares to add 17 new listings, including several meme coins. The Aethir token, which has recently seen a price increase of 17.14% in the past 24 hours, is currently trading at $0.07, reflecting a 12.29% rise since Kraken's announcement of its listing. The Aethir token, launched earlier this year on June 12, 2024, plays a crucial role in the Aethir DePIN stack, facilitating payments for GPU resources in AI and cloud gaming. With a market cap exceeding $280 million, Aethir aims to democratize access to GPU resources through its decentralized cloud infrastructure. In contrast, the Apu Apustaja meme coin, which started as an internet meme, has seen a slight decline of 3% in the past 24 hours, trading at $0.000982. Despite this, APU maintains a market cap of $326 million and a robust community following. The upcoming launch of ATH and APU on Kraken is a significant event for both tokens, as it provides them with increased visibility and trading opportunities. The Aethir token's recent performance, particularly its 54.41% increase over the past week, suggests that it may benefit from the ongoing Bitcoin rally, which has reached an all-time high of $89,604. As the crypto market continues to evolve, the success of these tokens will depend on their adoption and the overall market sentiment surrounding cryptocurrencies.

In a significant move to bolster transparency and reliability in decentralized GPU-powered applications, io.net, a decentralized physical infrastructure network (DePIN), has announced a partnership with NovaNet, a decentralized incentive network focused on privacy preservation through zero-knowledge proofs. This collaboration aims to introduce a groundbreaking zero knowledge GPU identification technology, referred to as zkGPU-ID. By implementing this innovative system, io.net will ensure that its GPU resources consistently deliver the promised performance levels, thereby enhancing user confidence in the quality and authenticity of decentralized compute assets. The zkGPU-ID system employs advanced cryptographic techniques to verify that the GPUs on io.net meet or exceed their advertised capabilities. Utilizing NovaNet's zero-knowledge proof technology, io.net can validate GPU specifications without disclosing sensitive information, thereby reinforcing both privacy and robust verification. This solution empowers users to not only confirm the performance of GPUs but also their authenticity, adding a crucial layer of security to decentralized computing networks. According to Tausif Ahmed, io.net’s VP of Business Development, this partnership will optimize coordination and verification across a vast network of distributed GPU suppliers, ensuring that customers can trust the GPUs they rent from io.net. To achieve its objectives, the zkGPU-ID utilizes a zero knowledge virtual machine (zkVM) to assess GPU specifications and generate cryptographic proofs that validate various performance levels. This process produces tamper-proof evidence, and any attempts to manipulate the details will result in invalid proofs, thereby securing the network's integrity. Wyatt Benno from NovaNet emphasized that their zkVM provides a secure and scalable method for GPU verification, ensuring reliable performance guarantees. The collaboration between io.net and NovaNet is poised to redefine standards for transparency and reliability in decentralized compute infrastructure, making zkGPU-ID an essential tool for users reliant on GPU resources.

A prominent crypto strategist, Ali Martinez, has recently expressed a bullish outlook on two lesser-known altcoins that he believes are on the verge of significant price increases. The first altcoin he highlights is Filecoin (FIL), which serves as the native asset for a decentralized file storage network. Martinez notes that FIL has been respecting its long-term support level, positioning it for a potential rally. He suggests that if FIL can break through a critical resistance level, it could soar to $30, representing a staggering 700% increase from its current price of $4.32, which has already seen a 7% rise in the past day. In addition to Filecoin, Martinez is also optimistic about the community token NOT, associated with the Telegram-based tap-to-earn mining game Notcoin. He points out that NOT has recently broken out of a falling wedge pattern, a bullish reversal signal. With this breakout, he projects that NOT's price could increase by 76%, reaching $0.012 from its current value of $0.0076. This positive sentiment around NOT indicates a growing interest in gaming-related cryptocurrencies, which have been gaining traction in the market. Martinez's analysis provides insight into the potential upside for these altcoins, but he also emphasizes the importance of conducting thorough research before making any investment decisions. As the cryptocurrency market remains highly volatile, investors are reminded to exercise caution and consider the risks involved in trading digital assets. With both Filecoin and Notcoin showing promising signs, they may be worth watching for traders looking to capitalize on emerging opportunities in the crypto space.