Latest DePIN Funding News

Building a startup is often a chaotic journey, but for Aethir, that chaos has transformed into remarkable clarity and success. Just one year after its Token Generation Event (TGE), Aethir has established itself as the largest decentralized GPU cloud in the Web3 space, boasting over $141 million in Annual Recurring Revenue (ARR). This achievement signifies that Aethir is not merely another crypto project; it represents a significant advancement in decentralized, scalable, and accessible cloud computing infrastructure. The company has effectively addressed the pressing issue of GPU availability for AI and compute-heavy applications, attracting both crypto enthusiasts and institutional partners alike. Aethir's rapid growth can be attributed to its innovative approach to decentralized physical infrastructure (DePIN). By leveraging distributed nodes of idle GPU power from data centers and individual contributors worldwide, Aethir has drastically reduced capital expenditures while enhancing supply elasticity. This model not only reinforces Aethir's Web3-native architecture but also positions it as one of the most scalable and capital-efficient solutions in the Web3 infrastructure landscape. The company has built trust within its community by offering rewards to contributors and ensuring transparency through on-chain tracking, which has been crucial for its explosive growth. In the past year, Aethir has achieved several significant product milestones, including the launch of Aethir Edge, a plug-and-play node hardware for GPU sharing, and the Aethir Cloud Console, a Web3-native dashboard for compute deployment. These developments have made it easier for users and builders to engage with the decentralized GPU cloud, fostering a community of over 100,000 contributors. As Aethir celebrates its first anniversary, it is poised to continue scaling its decentralized GPU cloud, deepen integrations with AI projects and gaming engines, and empower its community with exclusive rewards and feature upgrades. Aethir's journey exemplifies the potential of focused execution in the Web3 space, building a future that goes beyond mere speculation and addresses real-world needs.

Roam, an innovative open wireless network leveraging WiFi and eSIM technologies, has officially listed its $ROAM token on Binance Alpha and launched a liquidity pool on Meteora, a leading decentralized exchange (DEX) on the Solana blockchain. This dual listing signifies a major milestone in Roam's cross-chain expansion, enhancing token accessibility across both the BNB Chain and Solana ecosystems. Starting June 13, eligible Binance users can engage in the ROAM Alpha campaign to earn rewards, while liquidity providers on Meteora can benefit from platform-specific incentives through Roam's liquidity pool. In addition to the listing, Roam is rolling out a high-yield staking program that offers an impressive average annual percentage yield (APY) of 35% for general users. For Roam Miner users, a dedicated staking pool with a 100% APY and monthly airdrops of 40 $ROAM tokens per device for six months is available. This reward structure is strategically designed to foster long-term community engagement aligned with Roam's decentralized physical infrastructure network (DePIN) and token economy, further solidifying its commitment to user participation. Roam is also enhancing its cross-chain capabilities through integration with Wormhole's NTT framework, allowing seamless bridging of $ROAM between Solana and BNB Chain directly within the Roam App. This integration not only reduces transaction costs but also introduces $ROAM to a broader audience across Binance's centralized and decentralized ecosystems. With over 10 million WiFi nodes deployed globally, Roam aims to facilitate real-world connectivity while supporting its expanding ecosystem that includes targeted advertising and enterprise-grade eSIM services, thereby reinforcing its position as a leader in the DePIN sector.

In a significant move to enhance the integration of stablecoins in ecommerce, Coinbase and Shopify have announced a partnership that allows select merchants to accept USDC payments on Coinbase's layer-2 network, Base. This early access feature is set to roll out more broadly throughout the year, as confirmed by Shopify CEO Tobi Lutke. He emphasized the natural fit of stablecoins for online transactions and highlighted the development of a commerce payment protocol smart contract in collaboration with Coinbase. This initiative aims to streamline the payment process for consumers shopping at Shopify-powered merchants. The partnership also includes collaboration with payments giant Stripe to create a permissionless payments protocol, known as the Commerce Payments Protocol. This innovative protocol addresses the complexities of ecommerce transactions, which often involve multi-stage payment commitments. As Lutke explained, the smart contract developed models a state machine that manages escrow funds, ensuring that payments are released to merchants only upon successful transaction completion. This advancement is crucial for handling scenarios such as inventory shortages and refund requests, thus enabling on-chain commerce at scale. The implications of this partnership are profound, as it marks a significant step towards mainstream adoption of crypto payments in ecommerce. Coinbase CEO Brian Armstrong noted that this collaboration demonstrates how crypto is evolving the financial system. While Shopify had previously introduced Solana Pay for USDC payments, this new integration with Coinbase and Stripe represents a more comprehensive solution for merchants. Additionally, the Commerce Payments Protocol will allow for buyer incentives, such as cash back on purchases, further enhancing the shopping experience. Despite the positive developments, shares of both Shopify and Coinbase saw a decline of around 4% following the announcement.

The Solana-based DePIN (Decentralized Physical Infrastructure Network) platform's native token, Grass ($GRASS), has experienced a significant decline of 15%, dropping from a recent high of $1.96 to approximately $1.72. This downturn has returned the token to levels it was trading at a month ago. Analysts suggest that the price drop is largely attributed to substantial selling in perpetual futures, with no significant on-chain activity to justify the decline. In the past 24 hours alone, over $637,400 worth of long positions in $GRASS were liquidated, while on-chain trading volume via Raydium only reached about $3.2 million. Despite the price drop, trading volume for $GRASS has surged by over 55% in the last day, indicating a strong interest from investors. Notably, the derivative market volume has also increased by more than 95%. This uptick in trading activity suggests that smart money and whale investors are capitalizing on the dip, making $GRASS the second-most-purchased Solana token in the AI and utility sector. Whales have reportedly purchased over $200,000 worth of $GRASS, raising speculation about their insights into the market that retail investors might have missed. Grass has been making strides in network growth, processing over 57 million GB of public web data in the first quarter and building a massive video dataset of over one billion videos. The Grass Video Search tool allows users to search for specific visual patterns in videos, marking a significant advancement in video data handling. As the derivative market's funding rates shift from negative to positive, indicating bullish sentiment, whales are strategically positioning themselves for potential gains. If $GRASS can reclaim its previous highs, investors could see returns exceeding 125%. However, the price must hold above the critical support zone of $1.56 to maintain a bullish outlook.

Analyst and trader Michaël van de Poppe has shared his insights on Bitcoin ([BTC](https://www.mexc.com/price/BTC)) and two other cryptocurrencies as the market shows signs of recovery. He notes that Bitcoin is currently in the first phase of consolidation after breaking above the $106,500 mark. Van de Poppe predicts that this consolidation phase will last for a few days before Bitcoin potentially breaks out above its all-time high. He suggests that the ideal buying zone for investors would be around $107,000 to $108,000, indicating a favorable opportunity to buy during this dip season. As of now, Bitcoin is trading at $109,325. Turning to Ethereum (ETH), Van de Poppe believes that the asset is preparing for a significant breakout following a month-long consolidation period. He estimates that Ethereum could rise by approximately 26% if it successfully breaks through the resistance level at $2,800, with a target price range of $3,400 to $3,500. He emphasizes the importance of holding above the support level of around $2,575, as Ethereum is currently trading at $2,770. Lastly, Van de Poppe discusses Bittensor (TAO), a decentralized AI platform, predicting a potential increase of around 92% from its current price. He anticipates that as market confidence returns, TAO could break above $475 and reach between $700 and $800 in the next bullish run. Currently, Bittensor is trading at approximately $416. Investors are advised to conduct their own research before making any investment decisions in the volatile cryptocurrency market.

DIMO, a decentralized vehicle data platform, has announced a joint venture with Hakuhodo KEY3 to penetrate the Japanese market, which is projected to be worth $1 trillion by 2030. This partnership aims to assist automakers who face challenges related to expensive infrastructure development and stringent privacy regulations. Ryo Hayashi, CEO of DIMO Japan, emphasized the importance of Japan in the global automotive landscape, stating that the immediate goal is to expand the DIMO platform and facilitate local companies' integration with it. This move is expected to alleviate infrastructure hurdles for automakers, service partners, and third-party developers seeking to innovate within the automotive sector. DIMO operates a decentralized physical infrastructure network (DePIN) that functions as a marketplace for vehicle data. By connecting their vehicles through DIMO's mobile app, drivers can maintain ownership of their data while earning token rewards for sharing anonymized information. This creates a two-sided marketplace that encourages participation, with DIMO currently connecting over 180,000 vehicles worldwide. The timing of this expansion is particularly strategic, as Japan accounts for approximately 10% of global vehicle production, with major brands like Toyota, Suzuki, and Honda. The connected vehicle market is expected to grow significantly, making DIMO's entry into this space timely and relevant. The joint venture is not just a business move but also follows DIMO's decentralized governance model, which empowers token holders to vote on significant treasury decisions. A community vote is scheduled for June 16 to determine whether to allocate $500,000 USDT and 4 million DIMO tokens for a 33% equity stake in the Japanese venture. This approach ensures that stakeholders have a direct say in strategic decisions, reinforcing DIMO's commitment to community involvement and transparency as it navigates the complexities of the Japanese automotive market.

In a landscape often clouded by skepticism and hype, Hivemapper stands out as a beacon of practicality in the crypto space. The company, which has mapped approximately 33% of the global road network in just over two years, is leveraging decentralized infrastructure to create a real-time, AI-powered global map. Hivemapper operates on the Solana blockchain, utilizing token incentives to engage a network of drivers equipped with dashcams. This innovative approach not only enhances mapping efficiency but also fosters a community of contributors, including gig workers and fleet operators, who are rewarded with cryptocurrency for their efforts. Recently, Hivemapper has made significant strides in monetizing its platform, closing four major deals in just one month, matching its total from the entirety of 2021. Partnerships with established companies like Lyft, TomTom, and Trimble highlight the tangible value of the data Hivemapper provides. The transition from cash payments to on-chain token rewards has not only streamlined compensation for contributors but also built trust within the community. As CEO Ariel Seidman notes, this shift has transformed Hivemapper into a trusted entity rather than an outsider, enhancing the overall ecosystem. Looking ahead, Hivemapper aims to innovate consumer navigation, potentially reshaping how users interact with mapping technologies. By focusing on specific needs, such as real-time updates on station availability for truckers, Hivemapper differentiates itself from traditional mapping services. The company is not just answering the question of crypto's real-world applicability; it is actively monetizing its solutions, demonstrating that blockchain technology can indeed deliver practical benefits and foster a new economic model where users are compensated for their contributions to the infrastructure. This evolution signifies a promising future for both Hivemapper and the broader crypto landscape.

As the cryptocurrency market experiences renewed vigor, investors are on the lookout for promising projects to capitalize on the upcoming bullish trends. Among the notable contenders, BlockDAG is emerging as a standout option. With a presale price of $0.0018 and an anticipated listing price of $0.05, early investors could see returns as high as 2,520%. The project has already raised over $293 million and sold more than 22.1 billion BDAG tokens, indicating strong market interest. BlockDAG's compatibility with Ethereum's EVM allows for seamless migration of dApps, which could significantly enhance its adoption in the DeFi and NFT spaces. In addition to BlockDAG, other projects like Bittensor, Render, and Filecoin are also gaining traction. Bittensor has shown impressive recovery, trading above $400, and is expected to continue its upward trajectory, driven by strong technical indicators. Render is capitalizing on the growing demand for decentralized GPU rendering, with its price nearing $4.00 and bullish long-term projections. Meanwhile, Filecoin is evolving its infrastructure with the launch of a cross-chain bridge with Avalanche, enhancing its utility in Web3 applications. The competition for the best crypto investment is intensifying, with each project offering unique value propositions. However, BlockDAG's combination of low entry price, robust technical features, and significant presale momentum positions it as a potentially lucrative opportunity. As the June 13 Go Live Reveal approaches, investors are urged to act quickly to secure their stake in what could be a transformative project in the blockchain landscape.

In the latest market developments, Bittensor [TAO] has emerged as a leader in the AI and big data sector, achieving over 11% gains in just 24 hours. At the time of writing, TAO's price surged to $431.57, breaking above the $400 mark, which indicates a broader market recovery. Other notable performers include Internet Protocol [ICP], which rose by 10.21% to $6.19, and Near Protocol [NEAR], which saw a 6.7% increase. The overall positive movement in the sector is also reflected in the performance of Render [RNDR], Artificial Superintelligence Alliance [FET], and Filecoin [FIL], all of which experienced gains, contributing to a bullish sentiment in the market. TAO's recent price action suggests a potential trend reversal as it broke above the $429.3 level, supported by increasing bullish volume. Technical indicators such as the MACD and Chaikin Money Flow indicate rising positive momentum, with the MACD line climbing to 10.7 and the Chaikin Money Flow at 0.30. If TAO maintains its position above the upper channel trendline at $400, it could target the next significant resistance level at $500. However, if the price fails to hold, it may drop below $400, with key support levels at $373 and $349. The liquidation map for TAO shows a predominance of leveraged long positions, particularly between $417 and $430, which could lead to significant sell-offs if the price drops sharply. Conversely, a move above $435 could trigger a rush of short sellers exiting their positions, potentially fueling a strong upward surge. Investors are advised to monitor the momentum closely, as the continuation of bullish sentiment hinges on sustained buying activity and the maintenance of positive technical indicators.

The Roam Discovery Ecosystem has officially launched Phase II, introducing seven new collaborative projects that aim to enhance decentralized AI development, data management, digital identity, social interaction, and gaming. Notable additions include AIxBlock, a decentralized AI development platform, and the Solana Name Service (SNS), which simplifies cryptocurrency payments and on-chain identity management. This expansion reflects Roam's commitment to creating a seamlessly connected and intelligent future through strategic partnerships across diverse fields, including water-saving technology and gaming rewards. The newly added partners—AIxBlock, AquaSave, DMC (Datamall Coin), SNS, Card3, UpRock, and Bitbangbot—each bring unique features and capabilities to the ecosystem. For instance, AquaSave focuses on optimizing water use through smart devices and blockchain technology, while DMC offers scalable data storage solutions for decentralized AI networks. These collaborations not only enrich the Discovery ecosystem but also provide a robust platform for innovation and user engagement, with nearly 30 projects now interconnected through Roam's open platform. Roam continues to demonstrate strong growth with over 5 million self-built WiFi nodes and more than 2.7 million registered users globally. The ecosystem supports projects through innovative funding mechanisms, allowing community members to stake $ROAM tokens and receive rewards. With the introduction of the second phase of partners, Roam aims to accelerate the large-scale implementation of Web3 applications, fostering a vibrant global community dedicated to co-creating the future of decentralized services. As the ecosystem expands, Roam encourages innovative projects to join and benefit from exclusive support and collaboration opportunities.