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The concept of Decentralized Physical Infrastructure Networks (DePIN) has gained significant attention in 2024, although its roots trace back further. The term DePIN was popularized in late 2022 by Messari, which categorized various projects under this umbrella. Among the pioneering DePINs, Helium stands out with its extensive network of over 996,000 routers and a market cap exceeding $1 billion for its HNT token. Helium exemplifies the practical benefits of decentralization, providing localized 5G coverage that traditional telecom infrastructures often overlook. This shift towards decentralized solutions reflects a growing recognition of the value they bring beyond mere security and resistance to censorship. As the DePIN landscape evolves, experts like Álvaro Gracia and Sean Carey are exploring new categorizations for these networks. They distinguish between 'bespoke' networks, which require specific hardware like Helium, and 'commodity' networks that can operate on everyday devices, such as smartphones. Projects like NATIX and Wingbits illustrate this trend, enabling users to earn tokens by contributing data through their devices. These innovations suggest that the potential for disruption in the DePIN space is vast, particularly as more individuals can participate without the need for specialized infrastructure. Looking ahead, DePINs are poised to transform various sectors, including electric vehicle (EV) charging infrastructure. With EV adoption outpacing the establishment of public charging stations, decentralized solutions are emerging to connect EV owners with private chargers. Initiatives like PowerPod leverage token incentives to encourage participation, while Minima explores a model where tokens manage access rather than serve as payment. This approach could redefine how users interact with charging infrastructure, blending decentralized technology with traditional fiat payment systems, thus broadening the appeal and usability of DePINs in everyday life.

Game development company Studio369 has announced the migration of its mech shooter title MetalCore to the Solana blockchain, aiming to enhance the gaming experience through faster on-chain transactions. As of October 24, the Solana blockchain is processing an impressive average of about 3,000 transactions per second, a key performance metric that underscores its capabilities. MetalCore will leverage Solana Labs' GameShift platform, which integrates a storefront and payment systems for in-game purchases. This free-to-play open-world game features both player-versus-player (PvP) and player-versus-environment (PvE) battles, allowing players to acquire assets from defeated opponents and convert them into Web3 assets for trading. The migration to Solana comes as the network has been attracting various protocols looking to improve scalability and reduce costs. Studio369's decision reflects a broader trend, as other projects like MetaBlox's Roam network and the decentralized wireless communications protocol Helium have also transitioned to Solana for its faster transaction speeds and scalability. With the gaming sector increasingly gravitating towards blockchain technology, Solana's infrastructure is positioned to support these developments effectively. Despite its advantages, Solana has faced challenges, including significant periods of downtime that have raised concerns about its reliability. The latest outage, which lasted about five hours, occurred on February 6, 2024. In response to these issues, the Solana Foundation is working on the Firedancer upgrade, with a full version expected in 2025 and interim updates to manage the growing network activity. As Solana continues to evolve, it remains a focal point for gaming and decentralized infrastructure projects seeking robust blockchain solutions.

In a recent analysis of a16z's report on the "State of the Crypto Industry," Lily Liu, Chair of the Solana Foundation, highlights a notable EVM bias that overlooks Solana's impressive achievements in transaction fees, NFTs, and the DeFi market. Despite Solana leading in NFT addresses and transaction volume over the past year, the report fails to acknowledge significant innovations in decentralized physical infrastructure networks (DePIN), such as Helium and Hivemapper, which thrive within the Solana ecosystem. Liu argues that the report's binary framework, which positions EVM and non-EVM ecosystems as oppositional, misrepresents the true landscape of blockchain development and user engagement. Liu emphasizes the importance of transaction fees as a more meaningful metric for assessing ecosystem activity and health, rather than relying solely on active addresses or Total Value Locked (TVL). Since introducing a fee market, Solana's transaction fee market share has surged from below 1.5% to consistently above 10%, peaking at 25% in July 2024. This shift indicates a growing economic value within the Solana ecosystem, narrowing the gap with Ethereum when considering Real Economic Value (REV). Furthermore, Liu critiques the report's gaming sector analysis, which fails to adequately include non-EVM networks like Solana, leading to incomplete comparisons that do not reflect the full blockchain gaming ecosystem. Additionally, Liu points out that the report's focus on TVL for DeFi comparisons is insufficient, as it overlooks critical metrics such as transaction volume. While Solana's TVL is only 10% of Ethereum's, its monthly DEX transaction volume often exceeds that of Ethereum, highlighting its capital efficiency. Liu also notes that Solana's low transaction costs have driven significant consumer behavior changes, exemplified by the success of platforms like Drip Haus. The absence of DePIN innovations within the report raises questions about its comprehensiveness, as groundbreaking projects like Helium and Hivemapper are primarily developing within the Solana ecosystem, showcasing the real-world applications of decentralized networks.

**Regulators Acknowledge Benefits of Decentralized Physical Infrastructure Networks (DePIN)** Regulators have recognized the unique advantages brought by decentralized physical infrastructure networks (DePIN), as stated by Greg Osuri, the founder of Akash, a DePIN protocol. Osuri aims to persuade regulators that DePIN should be supervised differently from other crypto sectors. A recent meeting with a key staffer from the U.S. House committee overseeing commerce and trade was described as 'productive' by Osuri. Akash and competitor InFlux Technologies have joined forces to establish a DePIN and Web3 advocacy group to create a regulatory framework for the sector. Advocates of DePIN emphasize the real-world value these projects offer by granting users control over physical infrastructure networks using blockchain technology. Alvaro Garcia from Borderless Capital highlighted that DePIN projects stand out from traditional crypto ventures as their value is derived from outside the crypto sector. Osuri echoed this sentiment, mentioning that regulators are taking notice of DePIN's disruptive potential in mainstream markets. VCs like Borderless Capital have shown interest in DePIN, with a recent $100 million fund dedicated to the sector, investing in projects like Helium and GEODNET. Osuri argues for a distinct regulatory approach for DePIN compared to sectors like DeFi. Akash and InFlux Technologies have formed an advocacy group to educate regulators on the unique value proposition of DePIN. Osuri stressed the importance of differentiating DePIN from other crypto sectors in regulatory discussions to ensure lawmakers understand its distinct characteristics and benefits. Despite utilizing crypto features, Osuri believes that emphasizing the advantages of DePIN is more crucial than focusing on the 'crypto' aspect.

The Helium (HNT) token has shown signs of a bullish recovery over the past two days, aided by its 200-day Exponential Moving Average (EMA) on the daily chart. Currently, the token is trading 46.25% below its all-time high (ATH), suggesting a potential for a breakout rally. However, market analysts warn of a possible bull trap around the $8 mark, where a strong sell point exists. This volatility raises questions about the wisdom of investing in Helium amidst fluctuating market sentiments. In recent trading, Helium's price has experienced increased volatility, with a 10.39% correction over the past week and a 14.47% decline in the last 30 days. Despite these setbacks, the token has recorded a 4% increase in the last 24 hours, with a trading volume of $15.46 million, albeit down by 45.41%. The bearish trend indicated by the 50-day EMA contrasts with the support provided by the 200-day EMA, reflecting uncertainty in the market. The Relative Strength Index (RSI) indicates a neutral trend, suggesting a balance between buying and selling pressures. Looking ahead, if bullish momentum continues, HNT could retest its resistance level of $6.525 this week. Sustaining above this level may pave the way for a rise toward the $8 resistance in the coming weeks. Conversely, a bearish turn in the crypto market could see Helium drop to its support level of $5.155, with further declines potentially reaching the lower support trendline of $3.80. Investors are keenly observing these developments to gauge the long-term prospects of this digital asset.

The emergence of Decentralized Physical Infrastructure Networks (DePin) is addressing a critical question in the cryptocurrency space: what practical applications does blockchain technology offer? DePin represents a shift towards utilizing blockchain for solving real-world issues, moving beyond speculative tokens. Projects under DePin, such as Hivemapper, Helium, and GEODNET, are leading the charge by leveraging blockchain to create innovative solutions that can be easily understood and utilized by the general public. Hivemapper is revolutionizing mapping technology by allowing users to contribute to a live, high-definition map of the world. Users can purchase a 4K dashcam that maps roads as they drive, earning HONEY tokens in the process. In less than two years, Hivemapper has mapped over 330 million kilometers of roads, significantly outpacing traditional mapping services like Google Maps. Meanwhile, Helium has established a global IoT network by selling mini cell towers, allowing individuals to earn HNT tokens for providing internet coverage. With over one million hotspots deployed, Helium is also expanding into mobile services, demonstrating the scalability of its decentralized model. Another noteworthy project, GEODNET, aims to enhance GPS accuracy by utilizing a network of satellite miners installed on rooftops. This innovative approach offers centimeter-level precision at a fraction of the cost of traditional GPS services. GEODNET's partnership with the US Department of Agriculture highlights its potential applications in sectors where precision is crucial, such as agriculture. Overall, DePin projects are not only showcasing the transformative power of blockchain technology but are also poised to lead the next wave of growth in the cryptocurrency market, making it an exciting sector to watch in the coming years.

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.

The Helium Network Token (HNT) is currently experiencing significant market fluctuations, with a market capitalization of $1.14 billion, ranking it at #60 in the cryptocurrency market. Over the past week, HNT has seen a notable decline of 13.16%, yet it has rebounded impressively with a 120% increase over the last 90 days. The price action is currently forming a symmetrical triangle pattern, suggesting that HNT is at a critical juncture. Analysts are questioning whether bullish momentum will lead to a breakout rally that could push the price to the $10 mark this October. In examining the daily chart, HNT's recovery rally has transitioned into a sideways movement within the symmetrical triangle. This pattern follows a breakout from a falling wedge that began in early July, with HNT initially recovering from the psychological $3 level. Presently, the price is consolidating between the 78.60% and 61.80% Fibonacci levels, specifically at $7.782 and $6.365, respectively. Despite the bullish alignment of key exponential moving averages (EMAs), there are signs of a bearish cycle that may threaten a breakdown within the triangle. The local support trendline and the 100-day EMA are critical levels to watch as they could influence HNT's future price trajectory. Looking ahead, if HNT can break out of the triangle pattern, it may target the $1.10 neckline, potentially leading to further gains with targets set at $14 and $21 based on Fibonacci retracement levels. However, should the price fall below $6.36, crucial support levels at $5.527 and $4.80 could come into play. As traders and investors remain vigilant, the question of whether HNT will reach the $10 mark this year continues to spark interest in the cryptocurrency community.

Marwari Network, a decentralized physical infrastructure network, has successfully raised $10.8 million in a funding round. The round was led by Anfield Ltd, Borderless Capital, and 1kx, with participation from Accord Ventures, Animoca Brands Japan, Blockchange Ventures, Draper Dragon, and Samsung Next, among others. Notable angel investors include Helium co-founder Sean Carey, The Tie co-founder and CEO Joshua Frank, Pete Townsend of Techstars, and Galaxy Digital’s former exec Ivan Brightly. The fundraising was structured as a simple agreement for future equity (SAFE) with token warrants. The total amount raised by Marwari Network now stands at $17.3 million, following an oversubscribed seed round of $6.5 million announced earlier in February 2023. The company is focused on building a decentralized physical infrastructure network (DePIN) that aims to scale spatial computing, enabling interactions with virtual 3D spaces using extended reality (XR), augmented reality (AR), and virtual reality (VR) devices.

**Fantom, ImmutableX, Helium: Price Breakout or Pullback Ahead?** With the BTC price stabilizing above the $63,000 level, top cryptocurrencies have regained momentum with major altcoins breaking out of their respective resistance levels. Moreover, mid-cap altcoins have recorded high gains, raising speculations of a potential Altseason. Planning on investing in altcoins but confused about which one to stack? Dive in as, in this article, we have covered the price analysis of Fantom (FTM), ImmutableX (IMX), and Helium (HNT) for the upcoming weeks. **Fantom (FTM)** The FTM price has added 1.43% in the past 24 hours with a trading volume of $166.030 million. Further, it has jumped ~15% over the past week and 30.80% during the past 30 days. Notably, it has rewarded its long-term investors with a YTD return of 27.52%. The Simple Moving Average (SMA) constantly acts as a support to the Fantom price chart in the 1D time frame. Moreover, the RSI indicator is hovering close to its overbought range. This suggests a positive outlook for the altcoin during the upcoming week. Suppose, a bullish reversal occurs, in that case, the FTM price could head toward its upper resistance level of $0.840. On the flip side, if the bears continue gaining momentum, the price could plunge toward its support level of $0.5375. **ImmutableX (IMX)** Despite recording a drop of 2.36% in the past day, the IMX price has jumped 22.36% over the past week. Moreover, it has added ~20% to its valuation over the past month. Notably, with a market capitalization of $2.828 billion, it has secured the 36th position in the market. The MACD indicator shows a constant rise in the green history with its averages showing a bullish rise. On the other hand, the EMA 50/200-day has recorded a bullish curve in the 1D time frame. Further, this highlights a high possibility of a Golden Cross. If the market continues trading under a bullish sentiment, the IMX price could head toward its upper resistance level of $2.470 during the upcoming time. Conversely, a bearish action could pull the price toward its low of $1.464. **Helium (HNT)** With a jump of 8.56% over the past week, the HNT price continues trading within the expanding channel pattern. Notably, the altcoin has been trading in this pattern since July, indicating a long-term bullish sentiment for it in the market. The RSI indicator has recorded a sharp drop toward its neutral point in the 1D time frame. However, the SMA acts as a support. This suggests a mixed sentiment for the Helium coin price in the coming time. If the bulls regain momentum, the Helium price may break out of its resistance level of $8.010 and be headed toward its upper resistance level of $9.510. However, if the bearish sentiment intensifies, this could result in it retesting its low of $6.525.