Latest DePIN News

Coral App, the first multi-chain Web3 phone, is set to revolutionize how we interact with the decentralized internet. It allows users to earn money through Decentralized Physical Infrastructure Networks (DePIN) participation without compromising data privacy. With multi-chain integration, Coral App supports various blockchain networks, enabling seamless interaction with decentralized applications. This innovation prioritizes user data security, aligning with Web3's ethos of data ownership. Coral App represents a significant leap in smartphone evolution, offering control, security, and financial opportunities.

CUDOS prioritizes privacy and anonymity in the cloud computing and blockchain technology landscape by implementing a no-KYC policy. This approach allows users to engage with the platform without revealing personal information, emphasizing core values of efficiency, sustainability, and decentralization. The no-KYC policy ensures true anonymity, decentralization, and accessibility for users worldwide. By supporting cryptocurrency payments and private networks, CUDOS remains committed to creating a secure and private digital ecosystem that aligns with the ethos of Web3 and blockchain technology.

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.

According to @intotheblock, DePIN (Decentralized Physical Infrastructure Networks) is emerging as a significant narrative in the current cryptocurrency cycle, boasting a market cap of over $20 billion. The focus is particularly on IoTeX (@iotex_io), a layer 1 blockchain that is optimized for DePIN projects. Traders should keep an eye on IoTeX as it plays a pivotal role in this growing sector. (Source)

Raad Labs, a climate tech company, has secured a $2.25 million funding round to enhance climate data measurement and forecasting. The blockchain-enabled network, led by CoinFund and other investors, monitors weather patterns, greenhouse gas emissions, and soil degradation. Raad Labs aims to provide businesses and governments with high-quality data to prevent climate disasters cost-effectively. With the global forecasting market expected to grow, the company's technology has applications in various sectors, including AI and methane detection.

Filecoin's upcoming 'Waffle' upgrade, NV23, is set to enhance the network's performance and integrate Ethereum transactions, aiming to improve storage efficiency and broaden ecosystem integration. Key features include a soft launch of Fast Finality, support for legacy Ethereum transactions, and a non-interactive proof of replication to streamline the sector sealing process. These improvements are expected to accelerate network growth, open cross-chain applications, and reduce transaction confirmation times. Additionally, Filecoin is collaborating with AI projects to advance decentralized AI infrastructure, emphasizing its role in the AI data storage space.

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.