Latest Helium News

Crypto venture capitalists have been successful in raising over $2.2 billion in new capital through closed funds in 2024, as reported by PitchBook data. In recent weeks, several VCs have collectively raised more than $500 million, with notable examples including ParaFi Capital, Borderless Capital, Hack VC, and Robot Ventures. The trend indicates a positive outlook on early-stage startups, showcasing optimism for new innovations. One standout fund is Borderless Capital's $100 million DePIN Fund III, focusing on Decentralized Physical Infrastructure Networks (DePINs) that utilize blockchain technology and token incentives to create connectivity networks. The growth in the DePIN sector, as seen through increased funding rounds and project ambitions, suggests a maturing industry with strong fundamentals and diverse applications. **Unique Resilience of DePIN Projects** Alvaro Gracia, a partner at Borderless Capital, highlighted the resilience of DePIN projects in bear markets, noting that their value is derived from sources outside the crypto sector. Projects like Helium and GEODNET exemplify this resilience, with revenue streams that are independent of crypto market fluctuations. Gracia emphasized the tokenomics design of DePIN projects, which enables revenue transfer to token value through mechanisms like buy-backs. This unique feature, coupled with the sector's ability to maintain fundamentals during market downturns, positions DePIN projects as promising investments.

Borderless Capital, a leading Web3 investment manager, has announced the launch of its third DePIN-focused fund, a $100 million fund dedicated to accelerating the growth and development of Decentralized Physical Infrastructure Networks (DePIN). The fund is backed by prominent investors like peaq, Solana Foundation, Jump Crypto, IoTeX, GSR, and others. DePIN is revolutionizing the construction and maintenance of physical infrastructure by leveraging blockchain technology and token incentives. This decentralized approach allows for the creation of various applications, such as connectivity networks and GPU clusters, more efficiently and cost-effectively than traditional Web 2.0 models. Notably, the Helium Network and GEODNET showcase the rapid growth potential of DePIN in deploying IoT antennas and RTK networks on a large scale. Borderless Capital's Partner, Álvaro Gracia, expressed confidence in DePIN's transformative potential within the Web3 space, emphasizing its role in setting global standards for deploying physical infrastructure and generating passive income while enhancing user accessibility and reducing costs.

Moody’s recent report has brought attention to DePIN, Render, Filecoin, and Helium in the crypto space. Investors are also exploring Pepe Unchained for diversification. In 2017, the crypto market witnessed a surge in prices, with Bitcoin nearing $20,000 by December. The subsequent years saw the DeFi and NFT boom, propelling Bitcoin and Ethereum to new highs by Q4 2021, with BTC almost hitting $70,000 and Ethereum nearing $5,000. Analysts predict another bullish cycle in 2024 and 2025, anticipating fresh all-time highs for crypto prices. Bitcoin recently surged above $70,000, reaching $73,800 post the April 2024 Halving, despite uncertainties surrounding politics and institutional interest. The emergence of DePIN, or Decentralized Physical Infrastructure, has garnered significant interest, with Moody’s providing a comprehensive assessment of its potential impact on infrastructure management. Leveraging trustless ledgers, DePIN platforms aim to enhance efficiency, reduce costs, and drive growth through token issuance to incentivize investor participation and network expansion. However, challenges such as regulatory ambiguity, compliance issues, and cybersecurity risks pose hurdles to widespread adoption, necessitating careful risk management and investment in blockchain integration.

Helium (HNT) has seen a remarkable surge of 18% over the past week, standing out in a period where most major cryptocurrencies faced losses. With HNT’s price climbing above $8.3, the token has demonstrated resilience and impressive performance against broader market trends. The recent price rally reflects the growing momentum within the Helium ecosystem. According to @MilkRoadDaily, Helium is now recognized as the fastest-growing Decentralized Physical Infrastructure Network (DePIN) project. This recognition highlights the significant progress the Helium community has made in building the world’s largest decentralized network, covering sectors like IoT, mobile, and energy.

DePIN, the sector bridging everyday life with the digital world, is booming with Helium emerging as one of the fastest-growing networks in crypto. Over the last 30 days, DePIN's market cap surged by 22.7%, reaching $20 billion with a 400% increase. The fundraising volume also saw a 296% surge year-over-year, indicating massive growth and investor confidence. With over 100 projects in development, DePIN's potential is undeniable, attracting both developers and investors. Helium, for instance, attracted 756,000 real users on June 18, transferring 19.1 TB of data on their network. This success showcases DePIN's seamless integration into daily life, making blockchain technology accessible without users even realizing it. The sector's rapid expansion and promising future make DePIN a major player in the crypto market.

A recent MV Global report highlights the transformative potential of DePINs in the Web3 space, with over 1,000 projects and a $50 billion market cap. DePINs, decentralized physical infrastructure networks, aim to decentralize real-world systems like communication networks and energy markets. The report predicts a $128 billion market for decentralized data storage by 2028, driven by AI demand. DePIN projects are gaining traction, attracting both existing Web3 users and newcomers from Web 2. Emerging projects like Helium and Destra.network are disrupting traditional infrastructure, while specialized blockchains like Peaq and IoTeX cater to unique network needs. Projects in sensor networks and energy storage solutions are also on the rise, with Daylight and EC3 leading the charge. Established players like Filecoin and Arweave are poised to benefit from the growing demand. The report emphasizes the significant impact DePINs can have on real-world infrastructure across various sectors.

Sui blockchain pioneers 'internet-less transactions' to ensure continuous crypto flow even without internet connectivity. By utilizing mobile networks, radio waves, and innovative compression techniques, Sui enables transactions to be transmitted without relying on the internet. This breakthrough development addresses concerns about crypto accessibility during internet outages or low connectivity areas. The technology has already been successfully tested and aims to be integrated into IoT devices, benefiting projects like Decentralized Physical Infrastructure (DePIN). DePINs, a growing sector in Web3, involve collective participation to run public infrastructure and earn rewards. Sui's vision includes using mesh networks for message relay in scenarios with no internet but available GSM, leveraging satellites, relays, or radio channels. These 'internet-less transactions' extend beyond payments to include coupons, rewards, and data-related services. Initiatives like Helium Mobile and Wifi Dabba on the Solana network are already working to expand digital access through similar DePIN projects. Sui's focus on financial inclusion drives their mission to make financial services more accessible and affordable to a wider audience.

Helium (HNT) has surged past $7, breaking the recent downtrend in altcoins with a 12% rally. Speculation is rising on whether HNT will reach a new all-time high as trading volumes and open interest soar. Factors driving this surge include increased buyer activity, bullish technical indicators, and growth in decentralized physical infrastructure networks. Traders are monitoring key technical levels such as moving averages, resistance and support levels, and the long/short ratio. Despite some caution in the market, the positive sentiment around Helium suggests a potentially bullish outlook for the cryptocurrency.

Helium (HNT) and Akash Network (AKT) continue to surge despite the overall crypto market cooldown. Helium's HNT token has surpassed the $7.12 mark, driven by its role in decentralized IoT. With extensive network coverage and the ability to earn HNT tokens, Helium is likened to crypto mining with a purpose. The project has also ventured into providing 5g services, attracting attention with a $20 monthly cell plan. As HNT aims for the $8.00 target, there's potential for a return to 2024 highs around $11. Meanwhile, investors exploring crypto presales may encounter projects like Pepe Unchained (PEPU), a layer-2 meme coin offering fast, affordable transactions. Despite the opportunities, it's crucial to remember the high-risk nature of crypto investments.

OKX Wallet recently hosted a successful 'DePIN Day' event showcasing the growth and innovation within the Solana ecosystem. Key insights from the event include the excitement around OKX Wallet's Blinks capabilities, the integration of Dialect's technology, and the potential collaborations with projects like Uprock and Helium Foundation. The event highlighted OKX Wallet's dedication to supporting the Solana ecosystem and the expanding DePIN sector, projected to reach $3.5 trillion by 2028.