Latest DePIN News

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.

The automotive industry is at a crossroads with the emergence of electric vehicles and autonomous driving. However, the joy of car ownership is fading as vehicles become mere transportation devices. Decentralized Physical Infrastructure Networks (DePIN) aims to reignite the passion for car culture by connecting blockchain technology to the physical world. DIMO, a DePIN network, enhances the car ownership experience through vehicle integration technology, giving vehicles an on-chain identity and allowing owners to control their car and data. This opens up new services, experiences, and economic opportunities, such as earning crypto tokens for sharing vehicle data, which could be worth $800 billion by 2030. DePIN also has the potential to revolutionize the ownership experience by enabling customization, virtual car shows, and gamification of car ownership, as well as transforming commerce and registration processes in the automotive world.

DePIN 2.0 represents the next phase in Decentralized Physical Infrastructure Networks, promising a world where decentralized networks manage our infrastructure. With a global market value of over $2 billion in 2023, DePINs are gaining recognition and investment, with over $1.5 billion invested in 2024. DePIN 2.0 introduces enhanced smart contracts, improved data security, and AI-driven resource allocation, making it more efficient and scalable than its predecessor. Despite the potential, DePINs face challenges such as technical complexity and market fragmentation, but their ability to address traditional system inefficiencies and offer economic benefits makes them an attractive investment.

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.

Aethir, a Decentralized Physical Infrastructure Network (DePin) startup, has reported a substantial revenue of $36 million this year, reflecting a 10% monthly growth. The company's growth is propelled by the high demand for artificial intelligence and gaming services offered through its Platform-as-a-Service (PaaS). Aethir's PaaS model facilitates the development, testing, and deployment of GPU-accelerated applications, which are crucial for AI, cloud gaming, and edge computing. The company's decentralized network structure offers a cost-effective and scalable alternative to traditional GPU setups, which often face issues with high costs, scalability, and security. Aethir claims its solution is up to 60% more cost-effective than services like Amazon Web Services (AWS). Despite the company's impressive revenue and advancements, the price of Aethir's token (ATH) has struggled since its listing on crypto exchanges.

Decentralized Physical Infrastructure Networks (DePin) are making strides in the tech industry by supporting decentralized projects in real-world infrastructure. World Mobile has reached a significant milestone with over 100,000 daily users, a 400% increase in the past year, with its network expanding across Africa, Asia, and the USA. The company has deployed 1,798 AirNodes globally, positioning it as the largest network in the DePin category. World Mobile supports its participants through the World Mobile Token (WMT), incentivizing an active user base. The company has also announced plans for global AirNode deployments and a token migration to various blockchains in 2024. Additionally, the Helium Foundation is exploring new subnetwork opportunities with the Swedish energy project Srcful, which aims to use Helium hotspots to run a virtual power plant, offering another way to earn tokens. Meanwhile, Crust Network has partnered with Xcavate to provide secure, decentralized storage solutions for real estate tokenization, enhancing data integrity and scalability.

Helium Mobile has expanded its decentralized network with increased compatibility with third-party hardware and pilot programs for interoperability with other carriers. The company's licensing program has enabled developers to create compatible hardware like routers and hotspots, exemplified by RAKwireless's MNTD.FI Pro mobile hotspot. Additionally, Helium is working on the OpenRoaming framework to enhance wireless carrier crossover.

DePIN projects are gaining momentum, and privacy is a critical aspect of their success. Secret Network's DeCC service offers a solution for user data protection at the network level, allowing users to control what information they disclose. Akash, a DePIN project at the crossroads of DePIN and AI, benefits from DeCC by safeguarding user data, whether they are providing GPU computing power or renting it for AI projects. DeCC ensures that wallet information and payment data remain private, preventing potential targets for hackers and maintaining user confidence. Additionally, DeCC supports new projects in maintaining stealth during development, avoiding exposure until they are ready for a public launch. Furthermore, DeCC plays a role in protecting the data collected by DePIN projects, preventing centralized control by entities like OpenAI and promoting decentralized AI solutions where users have control over their data access.

Mizzle, a DePIN platform, has received a $1 million investment from tech investor Onextel to enhance its compute and storage platform. The funding will be used to improve platform capabilities, security features, and user experience. Mizzle's technology combines AI-based DevOps, eBPF security, and advanced encryption to offer a secure and efficient decentralized infrastructure solution. The investment is expected to help Mizzle capture a significant share of the growing DePIN market.