Latest DePIN Mining News

Decentralized Physical Infrastructure Networks (DePin) are making strides in the tech industry by supporting decentralized projects in real-world infrastructure. World Mobile has reached a significant milestone with over 100,000 daily users, a 400% increase in the past year, with its network expanding across Africa, Asia, and the USA. The company has deployed 1,798 AirNodes globally, positioning it as the largest network in the DePin category. World Mobile supports its participants through the World Mobile Token (WMT), incentivizing an active user base. The company has also announced plans for global AirNode deployments and a token migration to various blockchains in 2024. Additionally, the Helium Foundation is exploring new subnetwork opportunities with the Swedish energy project Srcful, which aims to use Helium hotspots to run a virtual power plant, offering another way to earn tokens. Meanwhile, Crust Network has partnered with Xcavate to provide secure, decentralized storage solutions for real estate tokenization, enhancing data integrity and scalability.

The Render Network has experienced a significant increase in activity, with a 17.7% rise in frames rendered in Q1 2024 and a surge in daily active addresses and whale transactions. This has led to a bullish trend for the RNDR token, which has jumped 6.98% to $6.63. The network's incentive program for node operators and GPU providers has been successful in increasing computational resources for AI and machine learning tasks. Additionally, the integration of Render's technology into the Solana blockchain through the DePIN protocol has driven adoption and scalability.

DePIN, shorthand for decentralized physical infrastructure, is a burgeoning sector in the crypto space that combines various technologies to maintain a global network of physical assets. It encompasses protocols leveraging blockchain for a decentralized approach to infrastructure management, supported by participants providing computational resources. DePIN projects are divided into two categories: Physical Resource Networks (PRN), which include essential hardware for connectivity, and Digital Resource Networks (DRN), supplying the digital resources necessary for operating physical systems. Notable DePIN projects include Render Network, which decentralizes GPU cloud rendering, and The Graph, Filecoin, Arweave, Akash Network, AIOZ Network, Bittensor, Helium Network, IOTA, and Theta Network, each contributing to the advancement of decentralized infrastructure solutions.

Decentralized compute networks are emerging as a sustainable solution for the energy-intensive GenAI industry. By utilizing underutilized hardware and edge nodes, these networks can balance computational loads, reduce latency, and reward power suppliers with tokens. This approach not only promotes efficient energy use but also democratizes access to high-performance computing resources, making advanced AI tools more accessible to small businesses. As the GenAI industry grows, decentralized networks offer a greener and more inclusive path forward.

Decentralized physical infrastructure networks (DePINs) are poised to revolutionize the use of shared computing resources like GPUs and routers, making web3 mining accessible to everyone. Despite a market capitalization exceeding $20 billion, the DePIN sector faces challenges in adoption due to the complexity of blockchain technology. User-friendly applications are essential to simplify DePIN technology and lower the entry barrier, enabling broader participation in the digital economy. DePINs can democratize access to decentralized networks, enhance data sovereignty, and cut costs. Examples like Teleport, a decentralized ride-sharing service, demonstrate the potential of DePINs to create fairer and more sustainable business models.

Undervalued cryptocurrencies are gaining attention with potential for significant growth. Nosana (NOS-USD), a decentralized GPU grid, allows users to share computing power and earn rewards in $NOS tokens, showing a 1,000% increase since March. The Render Network (RNDR-USD) enables GPU owners to rent their computing power for various industries, with a 1,125% rise since July 2022. Ondo (ONDO-USD), a DeFi platform, aims to provide institutional-grade financial services to everyone, with ONDO tokens surging over 300% since the beginning of the year.

Roam, a DePIN project, has reported significant growth in June, with over 464,000 active app users and 333,000 deployed nodes worldwide. The project has achieved over 321.6 million Roam Points for conversion to $ROAM tokens post-TGE. Roam's community engagement is evident through the Roam x OKX Wallet Giveaway event, which attracted over 100,000 participants. The project has also launched on the Solana Mobile dApp store, integrating with the world's most Web3-focused phone, the Saga phone, to provide faster load times and superior connectivity. Roam has partnered with APhone cloud devices and Coral App to enhance WiFi roaming and introduce Roam miners for new connectivity and earning opportunities. MetaBlox Labs, the developer of Roam, has been recognized by the Wireless Broadband Alliance as a Certified Access Network Provider for OpenRoaming™, reflecting Roam's commitment to seamless and secure WiFi access.

Decentralized Physical Infrastructure Networks (DePin) are revolutionizing technology by facilitating decentralized initiatives in real-world infrastructure. Nuklai has partnered with Filecoin to archive global data, enhancing AI capabilities with comprehensive data insights. The collaboration will leverage Lighthouse Storage's solution for efficient data storage on Filecoin's decentralized network. Meanwhile, the Opentensor Foundation has outlined post-hack recovery plans following a security breach that led to a loss of 32,000 TAO tokens valued at approximately $8 million. Lastly, Silencio, a decentralized app combating noise pollution, has reached a milestone of 5 million check-ins, utilizing a community-driven approach on the PEAQ blockchain.

Chia has released version 2.4.0 of its reference client, which includes a soft fork and several new features to enhance performance and security. Key updates include the full implementation of the new wallet sync protocol introduced in version 2.3.0, enabling real-time updates for relevant transactions in the mempool. Additionally, observer wallets have been introduced, allowing users to view their wallet's history and balance without storing private keys locally, thus improving privacy and security. The block fill rate has also been increased to 70%, with plans to raise it to 100% by the end of 2024, aiming to achieve a network speed of around 40 transactions per second (TPS). The release also includes a soft fork to align the BLS implementation with industry standards, which will activate at block 5,940,000, expected in September 2024. Users are advised to upgrade to version 2.4.0 or later before this block. Lastly, support for macOS 11 (Big Sur) will be discontinued in the next release, as Apple ended support for this version in September 2023.