Latest DePIN News

In May, DIMO announced several exciting updates aimed at enhancing the developer experience on its platform. The most notable introduction is the public beta of DIMO Webhooks, which allows developers to subscribe to vehicle events instead of repeatedly querying the Telemetry API. This innovative feature is expected to significantly streamline the development of event-driven applications. The Webhooks functionality is integrated into the DIMO Developer Console, with support for the Python SDK and n8n already available, enabling developers to manage webhooks programmatically or in a low-code environment. Additionally, DIMO has improved the user experience for logging out of accounts using the Login with DIMO feature. Developers can now implement a direct logout option through the React Component SDK, allowing users to log out easily via a new “Manage DIMO Account” button. For non-React applications, a new URL Redirect method has been introduced, making it simpler to manage user sessions. These updates aim to enhance user convenience and streamline the logout process for developers. Furthermore, DIMO is excited to introduce on-chain attestations, which will help establish trust in vehicle data by allowing third parties to verify information immutably on the blockchain. This feature acts like a Notary Public for vehicle data, ensuring authenticity and quality without relying solely on the source. Lastly, DIMO will be deprecating the old privilege grants for the Token Exchange API on May 27th, urging developers to transition to the SACD permissions contract to maintain service continuity. These updates reflect DIMO's commitment to fostering a robust and reliable data ecosystem for developers and users alike.

Last week, the blockchain fundraising landscape witnessed a significant surge, with 26 projects collectively raising a remarkable $267 million. The standout was World Foundation, which successfully completed a $135 million public token sale aimed at creating a proof-of-personhood protocol that facilitates universal digital identification and global financial access. Following closely was Catena Labs, which secured $18 million in seed funding to develop an AI-native financial institution. Other notable projects included Roxom, True Markets, and Hyperdrive, each attracting substantial investments to enhance their innovative offerings in the blockchain space. In addition to fundraising, the week also saw notable mergers and acquisitions (M&A) that are reshaping the blockchain ecosystem. DePIN Pulse made headlines by acquiring DePIN.Ninja and Who Loves Burrito, consolidating fragmented data within the DePIN ecosystem. This strategic move aims to streamline operations and enhance data analytics capabilities. Meanwhile, Alchemy expanded its portfolio by acquiring NFT launchpad HeyMint, which provides no-code tools for NFT creation, thereby bolstering its Smart Wallets initiative. Apex Group also announced plans to acquire Tokeny, further solidifying its commitment to digital asset infrastructure. On the venture capital front, Theta Capital Management launched Theta Blockchain Ventures IV, a $175 million fund-of-funds dedicated to supporting crypto-native VCs focused on early-stage blockchain startups. This fund aims to leverage the expertise of specialist managers to navigate the evolving landscape of digital assets. Insights from industry experts highlighted a shift in crypto VC dynamics, with a focus on long-term fundamentals rather than speculative investments. As the sector continues to mature, these developments signal a promising trajectory for blockchain innovation and investment.

In 2025, DePIN (Decentralized Physical Infrastructure Networks) has transitioned from a niche within the cryptocurrency space to a critical component of the real world. This evolution is not merely theoretical; it encompasses tangible elements such as routers, GPUs, sensors, and solar panels, all contributing to a new kind of internet that is peer-to-peer, tokenized, and built from the edge. DePIN fundamentally alters the traditional infrastructure model by enabling everyday users to contribute compute, storage, bandwidth, or energy, and in return, they receive compensation. With a market cap exceeding $50 billion and over 350 tokens, DePIN has emerged as Web3's fastest-growing vertical, supported by real-world deployments and increasing revenue streams. Leading projects like iExec, Arweave, and Helium are at the forefront of this movement, utilizing smart contracts to operate their networks without intermediaries. Contributors can easily set up nodes, serve the network, and earn tokens, all while ensuring data privacy and system resilience. However, scaling these networks presents significant challenges, including the need for coordination, cross-chain interoperability, and navigating regulatory landscapes. iExec, in particular, excels in providing confidential computing infrastructure that is essential for AI, data management, and real-time applications. Ultimately, DePIN is on the path to establishing a decentralized operating system for the physical world. This innovative approach is not only fast and composable but also represents a paradigm shift in how infrastructure is conceived and utilized. Rather than relying on rented systems, the future of infrastructure is about earning it, one node at a time, empowering individuals to take part in this transformative ecosystem.

In a recent report, Messari, a prominent crypto data platform, has projected that the market capitalization of Decentralized Physical Infrastructure Networks (DePIN) could reach an astounding $3.5 trillion by 2028. This forecast comes on the heels of a significant event in Europe, the "2025 Iberian Peninsula blackout," which resulted in a €1.6 billion setback and highlighted the vulnerabilities of centralized systems. The incident has prompted a reevaluation of aging energy and communication infrastructures, emphasizing the urgent need for decentralized alternatives like DePIN. Messari's analysis indicates that the DePIN market is gaining momentum, with its value estimated to grow to $50 billion in 2024. The first quarter of this year showcased a surge in capital markets, technology adoption, and sector innovation, despite the sector still being in its early stages. With over 13 million devices contributing to the decentralized network and $350 million in seed funding, the demand for DePIN is expected to rise exponentially in the coming years. The anticipated market cap of $3.5 trillion would surpass the $1.8 trillion valuation of the telecom services market by 2024, according to Data Bridge. The report also underscores the roles of Solana and Base as pivotal players in the DePIN ecosystem. Messari noted that DePINs launched a year prior to its Q1 2025 report achieved an average fully diluted valuation of $760 million, marking significant growth. Solana is positioned to become a leading network infrastructure, while Base is expected to see increased demand for consumer-focused applications. Other notable projects within the Solana ecosystem include Render, Helium Mobile, Hivemapper, Xnet, and Nosana, all of which are set to play crucial roles in the evolution of DePIN.

The DePIN (Decentralized Physical Infrastructure Networks) narrative is rapidly gaining traction, bolstered by the introduction of innovative protocols and the expansion of existing ones. Recent reports indicate that the DePIN sector's total market capitalization has surged by 132% year-over-year, surpassing $40 billion. Additionally, startups within this domain have raised over $266 million in funding. With its demonstrated real-world applications and strategic partnerships, DePIN is poised to transform major industries such as telecommunications, energy, and computing. Notably, the compute sub-sector is anticipated to become one of the largest DePIN markets, with Inferix leading the charge as Asia's largest decentralized GPU network, offering high-performance GPUs for AI training and visual computing at competitive costs. Inferix has announced a partnership with Animoca Brands Japan to launch the Inferix Worker Node Sale on May 30, 2025. This sale will feature a network of decentralized machines, categorized as Manager, Verifier, and Worker nodes. The Worker Node is crucial for handling the majority of rendering and processing tasks. When an AI or rendering job is requested, the Manager node distributes the tasks to Worker nodes, which then return the results for verification. Successful verification results in rewards distributed in the form of IFX tokens from the Inferix blockchain, incentivizing participation in the network. The Worker Node License, represented as an ERC721 NFT, allows holders to earn rewards by operating a Worker Node Client. Inferix aims to deploy around 100,000 Worker Nodes, with 75% of the Ecosystem Fund allocated for service revenue rewards. The Node Sale will include both a Whitelist Sale and a Public Sale, commencing simultaneously on May 30, 2025. Interested participants can find detailed information about the sale structure, pricing tiers, and eligibility criteria through the official channels. Inferix's innovative GPU network is set to revolutionize visual computing, enabling faster and more cost-effective rendering solutions for a variety of industries.

In a recent interview at Consensus 2025 in Toronto, Frank Mong, the COO of Nova Labs, emphasized the financial benefits of decentralizing telecommunication infrastructure for both small businesses and large telecom corporations. He highlighted that local operators, such as bars and restaurants, can generate revenue by hosting wireless hotspots, thereby expanding network coverage. This decentralized approach allows significant cost savings for telecom giants, who can utilize the Helium Network's telemetry to enhance their services in areas that typically lack coverage, known as dead zones. Mong pointed out the high costs associated with traditional telecom infrastructure, noting that establishing a single 5G tower can cost around $300,000. Instead of burdening consumers with expensive phone plans, he proposed a model where individuals with Wi-Fi networks can share their connections securely, providing valuable data to major companies like AT&T. This innovative use of decentralized physical infrastructure networks exemplifies how blockchain technology can enhance resilience against outages and disruptions while delivering real-world value. In addition to these insights, Nova Labs has been actively forming partnerships with telecom companies to improve network coverage. Notably, in January 2024, they collaborated with Telefónica in Latin America, and more recently, in April 2025, they partnered with AT&T to facilitate automatic access for users within the Helium Network's coverage area. With over 95,000 mobile hotspots in the U.S. and more than 284,000 active IoT hotspots globally, Mong believes that the success seen in the U.S. and Mexico should be replicated worldwide as Nova Labs continues to expand its reach through strategic partnerships.

In the latest quarterly report, io.net has demonstrated significant growth in revenue, achieving an impressive 82.6% increase, which brought its total revenue to $5.7 million. This surge in revenue is particularly noteworthy given the broader contraction in the cryptocurrency market, where the market cap of its IO token plummeted by 71.4% to $108 million, alongside a 74.9% drop in token price. Despite these challenges, io.net has successfully integrated with various AI and compute-focused platforms, including partnerships with Zerebro, KREA, and Injective, aimed at enhancing decentralized GPU compute capabilities for applications in AI and DeFi. The infrastructure of io.net, which is built on a decentralized network of GPUs and CPUs, allows for scalable access to compute resources, particularly for machine learning and AI applications. The platform supports a wide array of machine learning frameworks, ensuring flexibility and efficiency in resource allocation. However, the average daily verified compute resources have seen a decline, with verified GPUs and CPUs down 11.1% and 4.5% respectively. This reduction reflects ongoing supply-side challenges and a decrease in token incentives, which has impacted the overall activity within the network. Despite the mixed performance metrics, io.net has maintained a steady pace of development, with numerous collaborations aimed at expanding its ecosystem. The partnerships formed in Q1 2025, including those with Alpha Network and Mira Network, highlight io.net's commitment to enhancing decentralized AI infrastructure. As the project continues to refine its economic models and expand its network capabilities, it remains a key player in the evolving landscape of decentralized compute resources, even amid a challenging market environment.

Ben Goertzel, a pioneer in artificial intelligence, has been advocating for decentralized AI since he wrote his first line of code 30 years ago. As the world stands on the brink of achieving Artificial General Intelligence (AGI), Goertzel emphasizes the importance of decentralization in ensuring that this powerful technology benefits humanity rather than serving centralized powers. At the recent Consensus conference in Toronto, he expressed optimism that AGI could be launched within the next one to three years through his project, SingularityNET, which aims to create a global marketplace for AI services. The project has made significant strides, including partnerships with Mind Network and Filecoin Foundation, a $53 million investment in a modular supercomputer, and a token merger with Ocean Protocol and Fetch.ai. Goertzel's vision for decentralized AI is rooted in his early experiences with the internet, which he initially saw as a decentralized platform. However, he notes that the rise of tech giants like Google and Facebook has led to a more centralized internet, which undermines the foundational principles of decentralization. He argues that for AGI to be a force for good, it must be built on decentralized architecture from the outset. This philosophy is reflected in the design of SingularityNET, Hyperon, and the upcoming ASI Chain, which is tailored for decentralized AI applications. Goertzel believes that the trajectory of the post-AGI era will significantly differ based on the role of decentralized ecosystems in its development. In addition to his work in AI, Goertzel has a history of exploring decentralized money concepts dating back to the 90s. Although he and his peers initially dismissed the practicality of decentralized transactions due to concerns over speed and cost, the emergence of Bitcoin has validated some of his early ideas. He humorously reflects on the missed opportunities of that era, acknowledging that their lack of business acumen prevented them from envisioning the darker applications of decentralized money. Today, Goertzel's commitment to decentralized AI continues to gain traction, positioning him and his initiatives as key players in the evolving landscape of technology and governance.

In April, CUDOS Intercloud celebrated significant milestones and shared impressive metrics in its monthly update. The platform reported a record revenue of $204,505, alongside a remarkable 27% increase in GPU consumption, totaling over 300,000 hours. This growth reflects the rising demand for decentralized computing solutions, with more than 2 million GPU compute hours surpassed. CUDOS emphasized its commitment to transparency by providing real-time metrics on GPU capacity, VM deployment, user growth, and ecosystem spending, showcasing a clear distinction in cloud service delivery. A notable highlight was the six-month anniversary of CUDOS's partnership with the Artificial Superintelligence Alliance (ASI). During this period, CUDOS has served over 15 million GPU hours and welcomed more than 30,000 users. The collaboration aims to build a decentralized compute layer that supports AI development without centralized bottlenecks. Additionally, CUDOS introduced "One Click Computing," allowing users to deploy AI stacks effortlessly, eliminating the complexities traditionally associated with AI deployment. CUDOS also participated in the Ai2Peace initiative, focusing on using AI for global good. The platform's community rewards program concluded at the end of April, encouraging user engagement through referrals and feedback. Furthermore, CUDOS was represented at Paris Blockchain Week, where discussions highlighted the importance of permissionless compute access and the potential for blockchain to enhance AI's energy efficiency. As CUDOS continues to innovate and expand its offerings, it aims to foster a more sustainable and accessible computing environment for all users.

DIMO Network has officially launched its Vehicle Events API, a significant enhancement aimed at developers eager to create more responsive applications. This new API allows developers to set up webhooks, enabling real-time notifications based on specific vehicle conditions, such as odometer readings or speed limits. By minimizing the need for frequent API requests, this event-driven architecture opens up new possibilities for building intelligent, automated solutions within the DIMO ecosystem. The Vehicle Events API simplifies the process of creating and managing webhooks through a straightforward JSON-based configuration. Developers can define the service, data points to monitor, trigger conditions, and notification frequency. Subscribing vehicles to these events is made easy with a single request to the Subscribe All endpoint. Additionally, the DIMO Developer Console has been updated to provide a user-friendly interface for configuring webhooks, making it accessible for both developers and managers. With support for real-time alerts and plans for daily notifications, the Vehicle Events API is set to revolutionize how developers interact with DIMO vehicles. Updates to the Data SDKs in TypeScript, Python, and C# will further enhance the experience, allowing for more programmatic subscription methods. As DIMO encourages developers to explore the API, they anticipate innovative applications that leverage these new capabilities, marking a transformative step in the automotive tech landscape. More detailed insights into the Vehicle Events API will be shared soon on the DIMO Blog and through their monthly newsletter.