Latest DePIN Token Launch News

The decentralized AI industry has experienced a surge in growth and investment, especially in the 'Crypto + AI' sector. NeurochainAI, a DeAIAAS platform, is garnering community support in anticipation of its upcoming token generation event (TGE). The platform aims to address the centralization of AI models by Big Tech companies and the high costs of hardware that limit individual and business contributions to AI advancements. With the global AI industry projected to grow at a 37% CAGR to $1.8 trillion by 2030, NeurochainAI's DeAI Infrastructure seeks to democratize and decentralize the AI space, fostering a community-driven ecosystem. The platform's $NCN token is set to launch in a TGE, promoting a fair launch and rewarding community participation.

Helium ($HNT) is making significant strides in the Decentralized Physical Infrastructure Networks (DePIN) category, showing strong demand-side traction and market response. Over the past week, $HNT has seen a 21% increase, and a remarkable 53% surge over the past 30 days. The fundamentals of Helium are powering global telecommunications, gaining investor confidence and interest in its unique value proposition. The combination of Solana ($SOL) and DePIN projects like Helium offers a compelling opportunity, leveraging the strong fundamentals of DePIN and the high-growth potential of the Solana ecosystem. As Helium expands its global telecommunications infrastructure, it is well-positioned to benefit from the increasing adoption of decentralized networks. The market is starting to recognize Helium's robust fundamentals and impressive market performance, making it a promising area for investors to watch.

AAVE has silently achieved a doubling of its Total Value Locked (TVL) to a remarkable $21 billion this year. With active loans, revenue, and fees surging, AAVE is outpacing market capitalization growth, establishing itself as a major player in the Web3 lending market. Over three years, AAVE has secured a 50% market share, driven by stablecoin integration, asset support expansion, and resilience through market cycles. A new fee switch and token buyback proposal, if implemented, could further enhance AAVE's economic model and investor appeal. Despite shifting trading volumes towards SOL, AAVE remains at the forefront of the $ETH lending market, showing less sector-specific risk compared to UNI in the DEX sector. AAVE's growth and strategic moves highlight its dominance in the Web3 lending space, with potential model changes set to strengthen its position as the decentralized finance landscape evolves.

Filecoin's price surges with the announcement of the Waffle network update, set for August 2024, promising performance enhancements and new capabilities. The update includes support for Ethereum transactions and a non-interactive proof of replication. Filecoin's strategic partnership with SingularityNET aims to revolutionize AI data storage, positioning Filecoin as a leading DePIN project for AI. The price rally is supported by an increase in trading volume and positive technical indicators, with the potential to break resistance levels for continued growth.

Ramon Recuero, CEO of Kinto, discusses the potential of real-world assets (RWAs) in the blockchain space, highlighting their role in unlocking liquidity for asset holders and the challenges of establishing a product-to-market fit in the crypto industry. He believes that RWAs could represent a multitrillion-dollar opportunity and that exponential adoption will eventually lead to a significant shift in the value of tokenized assets.

The crypto market is currently calm, with altcoins at an advantageous entry point for potential growth. Trends such as Real World Assets, Decentralized Physical Infrastructure Networks, and AI coins are gaining attention. CYBRO's presale has reached $1.3 million, offering investors significant returns and benefits. Render (RNDR) shows signs of a possible price increase, while Filecoin (FIL) and Ondo (ONDO) also indicate bullish potential despite minor dips. JasmyCoin (JASMY) offers a glimmer of hope in the market.

YOM, a cloud gaming platform, is set to revolutionize the gaming industry by allowing gamers to earn cryptocurrency from their idle computational power. Partnering with peaq, a blockchain ecosystem, YOM plans to launch its Genesis Series as the first NFT Node Mint on the peaq blockchain. This integration aims to provide a more sustainable approach to cloud gaming with lower hosting costs and reduced latency. YOM's platform supports Unreal Engine 5 and offers a creative solution for gamers to earn rewards from their gaming rigs. The node sale for YOM's Genesis Node Licenses as NFTs will be open-sourced, enabling other projects on peaq to conduct similar events.

JasmyCoin, an IoT token, experienced a 30% surge last week, outperforming other DePIN coins like Filecoin, Render, and Arweave. The price prediction indicates a potential recovery aiming for the $0.046 peak seen in June. Despite a 25% drop in trading volume, JasmyCoin's technical structure suggests a bullish trend, supported by the 200-day EMA and a 67% climb above key support levels. The MACD indicator also confirms the bullish outlook, with a possible move towards the previous peak if certain resistance levels are breached. JasmyCoin is working on transforming data security through partnerships with major tech companies, aiming to make data security a basic right in the IoT era.

Helium's HNT has experienced a 20% surge, reaching over $4.4, making it the second-best performing altcoin globally after WLD. Analyst 'Agonybeard' on Twitter is bullish on HNT due to its leading position in the DePIN narrative, clear crypto and token use case, and being one of the few Solana-based tokens that funds are comfortable buying. With a circulating supply of 75% and a market cap of $650 million, there is potential for HNT to reach multibillion-dollar levels. Agonybeard also highlights Helium's product-market fit with its mobile phone plan and 5G network, which has seen a doubling of subscribers since late February, indicating growing adoption. Despite being over 92% below its all-time high, the analyst suggests a promising chart and a long road to recovery for HNT.

In Q2 2024, the crypto market saw a 14.4% drop in total market cap, yet certain sectors like meme coins, real-world assets, AI, and DePin showed resilience. Despite Bitcoin halvings, the overall market was poor, but these sectors gained attention. Meme coins, especially 'cat-themed' tokens, were among the top narratives, with blockchain ecosystems like Solana and Ethereum capturing significant market attention. RWA and AI integration in blockchains, along with DePin's innovative approach to decentralizing physical assets, were highlighted. The crypto market's annualized volatility was high at 48.2%, indicating investor uncertainty. Notable events included Mt. Gox trustee moving 140,000 BTC and Germany selling seized Bitcoin, affecting the market. Ethereum experienced an inflationary shift with an addition of 120,818 ETH to its supply. Crypto exchanges showed mixed trends, with CEXs like Binance seeing a decline in trading volume, while DEXs like Uniswap and new platforms saw volume increases, benefiting from meme coin trades and airdrops. The outlook for the rest of 2024 is cautiously optimistic, with improving macroeconomic conditions and ongoing development efforts.