Latest DePIN Token Launch News

Only 3% of PumpFun traders have made over $1,000 in profits, while more than 60% have lost money. DEXScreener is earning over $1 million in weekly fees from meme token traders. TRX posts an 18% weekly gain driven by the Sun Pump token launchpad. Balaji Srinivasan aims to establish a 'Network State' through a pop-up city in Singapore. Runes dominate Bitcoin on-chain activity, Xai partners with Gauntlet, and Aethir powers smart TV gaming with DePIN infrastructure.

Network3, the DePIN-Edge AI protocol, has successfully sold out its first batch of physical mining devices, N3 Edge V1, within an hour after launch. The sale went live on August 20 at 10 am PST and was met with an extremely high demand from users. N3 Edge V1 is a dual mining machine that can mine Network3’s native token and IoTeX tokens. The physical mining machine enables users to boost their Network3 rewards by mining two types of tokens. These devices integrate IoTeX’s infrastructure like the decentralized W3bstream and ioID to provide device identity and DePIN verification, leveraging IoTeX’s advanced ZK and off chain computing technology with its modularity tech stack. The N3 Edge is more powerful than other personal devices that people use for mining tokens. Additionally, it is lightweight and has high processing power, helping users to efficiently and seamlessly mint two tokens. Most importantly, N3 Edge is very easy to set up. Users have to connect to a power source, connect the device to the internet, login, and start mining. Network3 aims to democratize the AI industry by decentralized model training and data processing in exchange for tokenized rewards. The successful launch of Network3’s dual mining machine, N3 Edge, is a step forward towards realizing a more equitable and decentralized future.

Top DePIN Cryptocurrencies for 2024 include PlayDoge, Render, BitTorrent, Filecoin, Theta Network, MultiversX, Ocean Protocol, Livepeer, Storj, and World Mobile Token. These projects offer decentralized real-world infrastructure ecosystems like GPU rendering, cloud storage, and internet access. PlayDoge stands out with its P2E game and meme appeal, while Render provides peer-to-peer GPU rendering services. The DePIN sector is expected to grow as more users participate, making these coins potentially lucrative investments.

Top DePIN Tokens with Promising Growth Potential for Investment Portfolio include FOAM, Sentinel, Jackal Protocol, Dimitra, and MVL. FOAM leads in decentralized geospatial data management, with a 25.5% price surge. Sentinel offers decentralized VPN services, showing an 8.2% value increase. Jackal Protocol focuses on decentralized data storage, with a 7.7% price growth. Dimitra supports small-scale farmers using blockchain and AI, with a 7.8% token price rise. MVL targets automotive and transportation industries, with a 6.6% price increase.

Aethir token (ATH) experiences a 35% surge after being listed on South Korea's top exchanges, Upbit and Bithumb. The token, known for its applications in AI and gaming, solidifies its presence in the market. With a strong market debut and trading incentives, Aethir aims for new highs amidst sector growth. Despite the revenue success and increased open interest, caution is advised as no DePin project has proven long-term viability yet. The surge in open interest and trading volume indicates a volatile market environment for Aethir.

BlockDAG's X1 mining app has surged to 100,000 users, raising over $65.6 million in its presale. Filecoin and Bitcoin Cash holders are closely monitoring the project as it outperforms major coins in the market. Filecoin faces challenges after a significant drop post-March correction, while Bitcoin Cash shows mixed sentiment with a potential 15% rise. BlockDAG's X1 app has turned smartphones into mining devices, attracting high investor interest and achieving a 1600% price surge. With a promising future and innovative technology, BlockDAG is set to deliver substantial returns, making it a top choice for investors seeking groundbreaking projects.

OKX, a leading cryptocurrency exchange, has integrated the DePIN modular platform from IoTeX into its wallet, allowing users to manage IoTeX L1 chain assets and interact with on-chain apps. With over 50 million wallet users, this integration is expected to significantly boost traffic to the IoTeX ecosystem and DePIN. Following the upgrade to IoTeX 2.0, the ecosystem has expanded through modular infrastructure. A strategic alliance with TON aims to bring 950 million TG users to DePIN, while a collaboration with Filecoin further elaborates on the modular integration strategy. IoTeX's CEO emphasizes the importance of modularization for large-scale adoption and building an open, cross-ecological DePIN ecosystem that bridges the real world with Web3.

Lava Network has launched its public mainnet with $2 million in incentive pools from supported ecosystems, attracting high-quality infrastructure providers like Google Cloud. The mainnet debut features the community-first launch of the LAVA token, aiming to increase decentralization and participation. With support from Filecoin Network, Starknet Foundation, and Cosmos Hub, Lava Network focuses on providing quality nodes to boost interoperability and network reliance. Illia Polosukhin, Co-Founder of NEAR Protocol, praised Lava Network for decentralizing the NEAR RPC layer and improving the experience for developers and users.

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.