Latest DePIN News

Deus X Capital has recently launched Solstice Labs, a business focusing on providing institutional-grade decentralized finance (DeFi) investment products. This move comes shortly after the introduction of Cor Prime, a prime of prime broker by Deus X Capital. Solstice Labs was unveiled at the Solana Breakpoint 2024 event at Token2049, with plans to debut its first project on the Solana blockchain in early 2025. The project aims to offer enhanced yield opportunities and will start with over $100 million in total locked value, supported by Deus X Capital. Deus X Capital CEO Tim Grant, who is also the co-founder and chairman of Solstice Labs, emphasized the importance of this new venture in bridging traditional capital markets with the crypto and DeFi ecosystems. Additionally, Deus X Capital has committed up to $100 million in risk capital to Cor Prime, which is set to begin commercial lending in 2025 pending regulatory approvals in Bermuda and Abu Dhabi. The company's ecosystem is further strengthened by its liquidity provider Alpha Lab 40 and software and AI business APEX:E3, in which Deus X Capital made a strategic investment in July. Alpha Lab 40, founded by Stuart Connolly, operates under the leadership of Grant, who also chairs APEX:E3. Deus X Capital's involvement extends to incubator projects like TradeLocker and FunderPro, as well as the creation of Bridgetower Middle East in partnership with Bridgetower Capital. This crypto infrastructure platform, established in the Abu Dhabi Global Market with $250 million in funding, showcases Deus X Capital's commitment to fostering innovation and growth in the digital asset space.

DeRace is conducting an airdrop program with the artwork created by Steven Adams. Participants have the opportunity to receive DeRace tokens with an anticipated earning of $3300 or more. The airdrop duration is 6 minutes, and there is no investment required. To claim the DeRace airdrops using DappRadar, follow these steps: 1. **Navigate To DappRadar Website:** The first step is to visit the DappRadar platform. 2. **Verification:** After registration, it is essential to verify your identity to ensure safety and compliance. Follow the verification steps as per the platform's guidelines. 3. **Configure Your Wallet:** Set up a suitable wallet on the DappRadar site to claim your $DERC tokens. This wallet will be used to securely hold and manage your tokens. Explore the DeRace airdrop opportunities on DappRadar's site by completing these simple steps. Secure your tokens and discover the various opportunities provided by DeRace.

In the fast-paced realm of digital transformation, cryptocurrencies like Render and Aptos are making significant strides, but it's BlockDAG that's stealing the spotlight with its potential for substantial early investor returns. Render is revolutionizing the market with its GPU-based decentralized economy, while Aptos is strategically maneuvering through technical chart patterns for pricing strategies. BlockDAG, on the other hand, is impressing with its strong presale performance and cutting-edge technological advancements, hinting at remarkable growth and enhanced user engagement, setting a noteworthy benchmark in the evolution of blockchain and cryptocurrency sectors. **Render's Performance and Investor Confidence** Render (RNDR) is gaining attention with its decentralized platform enabling users to monetize their unused GPU capacity. This platform not only meets the increasing demand for high-performance computing but also offers a decentralized, efficient, and cost-effective solution. As the digital content creation industry expands, Render's scalable platform becomes crucial for companies and individual contributors. Investor confidence in RNDR is evident through a significant rise in whale accumulation, with large holders' stakes increasing from 51.5% to 71.5%. Despite a minor price setback to $5.05, the market sentiment remains positive, driven by expectations of Render's expanding influence in AI and blockchain realms. **Aptos's Market Dynamics and Potential** Aptos (APT) stands at a critical juncture, positioned at the convergence of key moving averages and a rising wedge pattern on its daily chart. Trading around $6.7 with an 8% weekly increase, APT faces resistance near $7.2 and $7.7 if it maintains levels above moving averages. A breach below the wedge could lead to significant losses, with crucial support at $5.7. The MACD hints at a potential momentum shift, impacting future trends. With subdued volatility and a balanced long/short ratio, traders are advised to monitor market movements closely for breakout opportunities. **BlockDAG's Presale Success and Testnet Launch** BlockDAG (BDAG) is witnessing a surge in buyer interest during its presale phase, with the price soaring impressively from $0.001 to $0.00178 in the 22nd batch, indicating a substantial return potential. The presale has raised a significant $73 million, showcasing robust market support. BlockDAG is preparing for a crucial testnet phase scheduled for September 20, 2024, allowing for comprehensive network testing and feedback collection before its official public launch. This phase is vital for ensuring operational stability, security, and efficiency, setting the stage for BlockDAG's future growth and success.

The crypto market is currently experiencing significant volatility, with projects like Render (RNDR) and Chainlink (LINK) taking heavy hits. Despite being once reliable, these projects are now struggling, leading top Ethereum (ETH) holders to seek alternatives. In this uncertain environment, IntelMarkets (INTL) has emerged as a platform powered by AI-driven trading and a modern blockchain, offering stability and advanced technology that investors are looking for. **Render (RNDR) Network's Volatility and Ethereum (ETH) Holders' Search for Stability** Render (RNDR) is facing severe volatility, currently priced at $4.83 with a 6.19% gain this month. However, it remains 64.33% down from its high in March 2024. The active trading volume of Render (RNDR) at $213.28 million indicates restless investor behavior, with concerns rising due to erratic price movements. This volatility may prompt Ethereum (ETH) holders to explore more stable options, as Render (RNDR) has shown significant growth but is now at a turning point in the market.

DCX Systems saw its share price surge by as much as 5% and hit an intraday high of Rs 355.05 per share on the BSE following the announcement of an export order from Israel-based Elta Systems worth Rs 154.8 crore. The company disclosed that it had secured export orders from Elta Systems Ltd., Israel, amounting to $18,495,779.10 (Rs 154.8 crore) for Radio Frequency (RF) Electronic Modules to be delivered within 12 months. At 11:20 AM, DCX Systems shares were trading 1.48% higher at Rs 343.15 per share, outperforming the BSE Sensex which was up 538.13 points at 83,486.36 around the same time.

Solana recently unveiled its second-generation mobile phone, the Solana Seeker, during the Token2049 event. This new phone aims to address the shortcomings of its predecessor, the Solana Saga, which initially faced criticism for its high price tag. Despite the initial skepticism, the Saga gained popularity after the introduction of BONK rewards, leading to a surge in resale prices. Now, all eyes are on the Solana Seeker to see if it can replicate its sibling's unexpected success. The Solana Seeker has already garnered significant attention, with 140,000 pre-orders from 57 countries. Formerly known as the 'Chapter Two' project, the new phone has exceeded the demand for its predecessor by fivefold, securing $70 million in pre-orders. To further entice customers, Solana has offered a limited-time promotional price of $450 until Sept. 21 as part of its Founder Window launch strategy. The company claims that the Seeker represents a substantial upgrade over the Saga, particularly in areas such as Web3 accessibility, DeFi applications, and on-device security.

Shares of DCX Systems Limited surged 5 percent to Rs 355 in morning trade on September 19 after the company announced it has received an export order from Israel's Elta System worth Rs 154.80 crore. DCX Systems said that the order is related to the supply of RF Electronic Modules and is expected to be completed within 12 months. This marks the second order win in 2 days for the company, following its subsidiary's acquisition of an industrial license from the Cochin Special Economic Zone (CSEZ) to manufacture and test microwave submodules, avionics, and defence electronic equipment. The newly acquired license allows DCX Systems to manufacture highly classified and sensitive products under CATEGORY-A, as per the Ministry of Defence Security Manual, with a validity of 15 years. In the recently concluded June quarter, DCX Systems reported a 19 percent year-on-year decline in revenue, accompanied by a 69 percent drop in net profit and an operating loss of Rs 4.8 crore. Despite these challenges, brokerage firm KR Choksey remains optimistic about the company's long-term prospects. The brokerage expects growth acceleration in the second quarter, supported by a strong order pipeline and key drivers such as a robust order book, increased focus on cable and wire harnessing, and the commercial production of Raneal Advanced Systems. As of 11 am, DCX shares were trading at Rs 348 on the NSE, up by 3 percent from the previous close, with a weekly rally of 6 percent.

Solana Mobile, a subsidiary of Solana Labs, revealed at the Token 2049 conference that they are set to release their second crypto phone, named Seeker, in 2025. This new handheld device will boast significant hardware upgrades compared to its predecessor, the Saga. Emmet Hollyer, the head of Solana Labs' phone project, highlighted that Seeker will feature improvements such as a better battery, a stronger camera, and a lighter design. Additionally, Seeker will come equipped with a specialized crypto wallet integrated with the device's Seed Vault key storage, allowing users to conduct crypto transactions more efficiently than on the Saga. Seeker's development marks Solana's continued investment in merging crypto technology with mobile devices. Following the success of the Saga, which was rescued from poor sales by the allure of token airdrops, Solana Mobile received substantial pre-orders in early 2024, paving the way for the creation of Seeker. The new phone will maintain the Android platform and a dedicated app store for crypto developers within the Solana ecosystem, enhancing the user experience and expanding the reach of decentralized applications.

Borderless Capital announced on September 18 the launch of its third DePIN-focused fund with a $100 million investment goal. The fund aims to boost the development of Decentralized Physical Fracture Networks (DePIN) in the Web 3 space. This new fund will prioritize investments at the protocol level, reflecting Borderless Capital's optimism about the future of DePIN. Investment firm Borderless Capital introduced its third fund focused on Decentralised Physical Infrastructure Networks (DePINs). The fund will prioritize Web2.5 DePINs, Impact, and commodity DePINs. DePINs have emerged as the fastest-growing sector in crypto, allowing the maintenance of physical infrastructure by leveraging blockchain technology. Their decentralized nature enables investors to build applications, GPU clusters, and connectivity networks at a lower cost compared to Web 2.0 models.

Solana Mobile's upcoming Seeker device is set to revolutionize the world of crypto payments with its double-tap feature. Unlike its predecessor Saga, Seeker is already making waves in the market, garnering $70 million in preorders. The new phone, expected to launch in the summer of 2025, is attracting a significant portion of orders from previously untapped Asian markets. The Seeker device, priced at $500, boasts improvements in weight, screen brightness, battery life, and affordability compared to the Saga. It also features enhancements in its crypto components, such as a more user-friendly Seed Vault for storing crypto seed phrases and a unique double-tap screen feature for seamless crypto transactions. Additionally, Seeker comes with a soulbound NFT that unlocks various rewards programs for users, making it a lucrative investment for buyers.