Latest DePIN News

Bittensor (TAO) has recently experienced a remarkable surge, with its price skyrocketing by 300%, capturing the attention of traders and investors alike. As of the latest updates, TAO is priced at $601.10, with a trading volume of $216.9 million over the past 24 hours. Despite a slight decline of 4.07% in the last day, the token has shown a 9.34% increase over the week, indicating sustained interest in the market. The rapid expansion of subnets, which have become a vital part of Bittensor's ecosystem, is a significant factor contributing to this growth. With over 50 active subnets and more on the way, the network's capacity has been enhanced, attracting both developers and users, which in turn boosts TAO's market performance. The recent breakout of TAO from a descending channel has been a key catalyst for its bullish trend. However, analysts have noted a bearish divergence between TAO's price and the Relative Strength Index (RSI), suggesting a potential correction may be on the horizon. Key support levels are identified around the $300 mark, which previously served as both resistance and support during the token's rally. If TAO can maintain stability above this level, it may provide a solid base for future growth. On the resistance side, levels between $580 and $600 are crucial; a sustained breakout above these could lead to further gains for TAO, especially if market conditions remain favorable. In terms of market dynamics, TAO's price action has shown some correlation with Bitcoin (BTC), which could influence its next moves. A correction in Bitcoin may lead to increased volatility for Bittensor, while a strong recovery in Bitcoin could enhance bullish sentiment across the market, benefiting altcoins like TAO. On-chain data indicates a net outflow of TAO tokens, suggesting that holders are moving their assets into personal wallets, potentially reducing selling pressure. Despite mixed technical indicators, the overall trend for TAO remains positive, and traders are advised to monitor these signals closely for any potential trend reversals.

As Solana continues to benefit from low transaction fees and impressive scalability, tokens such as Bonk (BONK) and Arweave (AR) are experiencing notable growth. Bonk, a community-driven memecoin, has reached a market cap of $1.4 billion, currently priced at $0.0000205. Despite a recent 10% drop, Bonk has shown resilience with a staggering 9517% increase over the past year. Technical indicators suggest a neutral stance, with a rising Chaikin Money Flow (CMF) indicating potential capital inflow and investor confidence, even as the broader crypto market faces challenges. Arweave (AR), which focuses on decentralized permanent data storage, boasts a market cap of nearly $1.2 billion. While it has seen a 2% drop today and a 25% decline over the past week, its yearly performance remains strong with a 347% surge. Current technical analysis shows neutral oscillators and a sell signal from moving averages, with the Relative Strength Index (RSI) at 38, suggesting it may be undervalued. The community's bullish sentiment could propel Arweave to new heights as demand for reliable data storage solutions grows. Emerging on the scene is Cutoshi (CUTO), a utility-based meme coin that could potentially outshine both Bonk and Arweave. Currently in its presale stage, Cutoshi operates as a multi-chain decentralized exchange (DEX) with a unique tokenomics model designed to create scarcity and buying pressure. Analysts predict that Cutoshi could see significant growth following its Centralized Exchange (CEX) listing, with potential for a x100 increase in value. As the meme coin market expands, Cutoshi is well-positioned to capitalize on this trend, making it a noteworthy token to watch in the evolving blockchain landscape.

In an exciting development for the Web 3.0 landscape, aZen Protocol has announced a strategic partnership with Stratos. This collaboration aims to merge aZen's innovative DePIN (Decentralized Physical Infrastructure Network) and SocialFi technologies with Stratos' robust decentralized storage and computing services. By combining these strengths, the partnership is poised to enhance the efficiency and security of decentralized infrastructures, paving the way for a more integrated and user-friendly Web 3.0 experience. At the heart of aZen Protocol is its DePIN framework, which transforms computing resources and applications into NFTs, allowing for efficient management and seamless integration. This framework supports universal computing tasks across various networks and devices, ensuring scalability and security. Additionally, aZen Connect, the SocialFi component, incentivizes user engagement through a click-to-earn model, making it a valuable tool for social media marketing and community interaction. This innovative approach not only rewards participation but also enhances digital traffic, creating a vibrant ecosystem for users. Stratos, known for its decentralized infrastructure, provides essential services that include storage, computing, and blockchain capabilities. With a network of over 800 storage nodes and a capacity exceeding 14 PB, Stratos offers a decentralized alternative to traditional cloud services, ensuring transparency and privacy. The partnership will leverage Stratos' decentralized storage to bolster aZen's tokenized computing resources and enhance the user experience on aZen Connect. Together, aZen and Stratos are set to redefine the landscape of decentralized infrastructure and social engagement, empowering developers and users alike in the evolving Web 3.0 environment.

StealthEX recently conducted an AMA session on X Spaces in collaboration with IoTeX, and we’re excited to share the highlights with you. Recap of Exclusive AMA: StealthEX and IoTeX Host: StealthEX – instant cryptocurrency exchange. Guest: Giuseppe, DevRel lead at IoTeX. Questions from Twitter: Q1: How will IoTeX’s infrastructure specifically contribute to the advancement of AI? What role does real-time data play in training those models, and how can it impact the accuracy and capabilities of AI agents? Giuseppe: IoTeX’s infrastructure plays a key role in advancing AI by leveraging the DePIN model, where individuals can contribute data or GPU power for AI model training. With our infrastructure, people can provide real-time data, which is essential for improving the accuracy of AI models. What makes IoTeX unique is that everything is verifiable on our Layer 1 blockchain, meaning that anyone can check the contributions and computations, ensuring that AI models are built on trusted data sources. This adds transparency and boosts the reliability of AI systems. Q2: As IoTeX transitions into version 2.0, what new tools, protocols, or frameworks are being introduced to enhance the experience of developers building DApps on DePIN infrastructure, and how will these changes impact overall ease of use and performance for end users? Giuseppe: IoTeX 2.0 brings all the individual components we’ve been building together into a cohesive infrastructure. This includes tools like wallets, bridges, and decentralized off-chain computation layers. The key here is modularity: developers can choose specific components that suit their project needs, making their applications easier to build and more scalable. For end users, this translates to better performance and a smoother experience since developers don’t have to reinvent the wheel and can focus on creating useful, composable DApps. Q3: With the launch of a web wallet, version 2 was highlighted as an all-in-one DePIN asset manager. What unique features does it offer that position it above other wallets in the DePIN space? Giuseppe: Our web wallet is unique because it’s specifically designed for DePIN assets. It serves as a hub where new DePIN projects can list their tokens, and users can trade these tokens across multiple chains like Ethereum, Binance Smart Chain, Polygon, and now Solana. We’ve built the wallet to be more than just a place for storage – it’s an entry point for DePIN projects and users to discover, interact with, and cross-trade assets. Additionally, we’re expanding its cross-chain capabilities, making it easier for people to interact with multiple ecosystems within the DePIN space. Q4: Can you explain the features of IoTube as a cross-chain bridge facilitating asset exchanges between IoTeX and major Layer 1 and Layer 2 blockchains? How does IoTube enhance interoperability and facilitate seamless asset transfers across different blockchain networks? Giuseppe: IoTube is our decentralized bridge that connects IoTeX with major Layer 1 and Layer 2 blockchains like Ethereum, Binance Smart Chain, Polygon, and now Solana. Its main feature is enabling seamless cross-chain asset transfers, which is critical for DePIN projects that want to expand their user base across multiple ecosystems. By bridging these chains, we ensure that projects aren’t confined to a single ecosystem but can interact with users and liquidity on other chains. We recently announced our collaboration with Solana, which is a huge step toward making IoTube one of the most interoperable bridges in the DePIN space. Q5: Can you elaborate more on the Halo Grants initiative and its tailored support for DePIN projects at various stages of development? How do these grants foster innovation, provide professional guidance, and drive forward projects within the IoTeX network? Giuseppe: The Halo Grants initiative has been around for a while, providing support for smaller DePIN projects that are just getting started. It’s perfect for teams of one to three people who have great ideas but need resources to get started. We also offer more support for larger projects through our Accelerator program, which helps teams scale up by offering marketing, technical, and community-building assistance. So far, we’ve seen a lot of success with projects launching their devices and tokens, and many are now preparing for their next rounds of funding. The goal of both Halo Grants and the Accelerator is to foster innovation and help these projects grow within our ecosystem. Q6: With the introduction of decentralized governance in IoTeX 2.0, how does the platform balance governance efficiency with decentralization, and what mechanisms are in place to prevent centralization of power within the ecosystem? Giuseppe: Decentralized governance has always been at the core of IoTeX. With IoTeX 2.0, we’ve taken this further by introducing a new DAO structure—what we’re calling the “Marshall DAO.” This DAO is designed to allocate funds and resources to DePIN projects that the community believes are promising. Governance efficiency is maintained through proposals and community voting, ensuring that power isn’t concentrated in a few hands. By enabling the community to participate in decision-making, we prevent centralization and ensure that the platform remains transparent and fair. Live Questions Q1: Can you explain how the modular architecture of IoTeX 2.0 supports the scalability and specialized needs of DePIN projects? How does it compare to other existing solutions in the market? Giuseppe: The modular architecture of IoTeX 2.0 allows projects to select specific components they need, like identity protocols or off-chain computation, which increases scalability. This flexibility is key to supporting projects with unique requirements while enabling composability—where different projects using the same modules can easily collaborate. Compared to other solutions, IoTeX’s modular approach offers greater interoperability between projects, which is crucial for scalability and growth. The modularity empowers developers to build on top of other DePIN projects and make use of shared resources, something that many other ecosystems don’t offer. Q2: Staking programs are very important for any project. Can I stake your token? Do you have any plans for a staking program? Giuseppe: Yes, staking has been available since we launched IoTeX in 2019, and it operates on a delegated proof-of-stake (DPoS) model. You can stake your tokens via stake.iotex.io and either become a delegate or vote for other delegates. We recently introduced liquid staking and passed a proposal that allows staking to be represented as NFTs, making it even more flexible. We currently have between 110 and 120 delegates, with the top 36 responsible for block production. It’s a great way to contribute to the ecosystem and earn rewards while securing the network. Q3: What have been the challenges this project has faced since 2019 after launch? Giuseppe: We’ve faced numerous challenges over the years. One major challenge has been educating people about the value of combining IoT and blockchain. In the early days, it was difficult to explain our vision for DePIN, and getting people to see the benefits of decentralized machine networks took time. On the technical side, building entirely new protocols like off-chain computation layers was also a challenge. There weren’t many existing templates to follow, so we had to push boundaries and innovate. Persistence and constant iteration have been our main strategies for overcoming these challenges. Q4: After all these challenges, what has been your strategy for overcoming them and moving the project forward? Giuseppe: The strategy depends on the challenge. For product-related challenges, we focus on market fit and user research, iterating as needed until we get it right. For narrative challenges, where people don’t yet see the value of what we’re building, we keep pushing forward with our vision until the market catches up. Each challenge has its own unique strategy, but persistence and the willingness to adapt are key. StealthEX: Thank you all for joining today! Recap of Exclusive AMA: StealthEX and IoTeX You can swap IoTeX (IOTX) crypto on StealthEX exchange platform. How to Buy IoTeX Coin? Just go to StealthEX and follow these easy steps: Choose the pair and the amount for your exchange. For example, ETH to IOTX coin. Press the “Start exchange” button. Provide the recipient address to which the coins will be transferred. Move your cryptocurrency for the exchange. Receive your coins! Follow us on Medium, Twitter, Telegram, YouTube, and Publish0x to stay updated about the latest news on StealthEX.io and the rest of the crypto world.

Julian Assange, the founder of WikiLeaks, recently addressed European lawmakers following his release, claiming that the United States coerced him into pleading guilty to journalism. After spending 14 years in detention, Assange stated he chose "freedom over unrealizable justice." He emphasized the increasing threats to journalists and publishers, urging lawmakers to implement measures to protect whistleblowers and journalists from unjust persecution and governmental retaliation. Assange's case has sparked widespread debate about the state of press freedom and the implications of government actions against those who expose misconduct. Assange's journey began with the founding of WikiLeaks, which gained notoriety for publishing classified documents, including a 2010 release of footage showing a US military helicopter attack on civilians. His legal troubles escalated when he faced sexual assault charges in Sweden, which he denied. In 2019, he was arrested in London under a US extradition request for espionage. Many advocates for free speech, including a United Nations panel, have labeled his detention as arbitrary, raising concerns about the criminalization of journalism and the erosion of press freedoms worldwide. The alarming trend of journalists being arrested under national security pretenses continues to grow, with a record number of arrests reported in 2023. In response to the growing censorship and control over information, projects like tomi aim to create a decentralized internet that prioritizes free speech and user privacy. By leveraging Web3 technologies, tomi seeks to empower individuals to express their opinions without fear of government retaliation. This initiative includes developing a decentralized browser, storage solutions, and communication tools designed to protect the rights of journalists and the public. As the landscape of journalism becomes increasingly precarious, the adoption of decentralized technologies could serve as a crucial safeguard against censorship and promote a more transparent and open digital ecosystem.

A couple of weeks ago, I attended the Nexus Forum in Brussels, where policymakers, researchers, and SMEs gathered to discuss the European Edge Cloud Continuum. This strategic initiative aims to enhance Europe’s capabilities in cloud computing and edge technologies by moving data processing closer to its source. This shift is crucial for achieving faster and more efficient data management, reducing reliance on distant data centers. However, with the European cloud market increasingly dominated by non-EU providers like Amazon, Microsoft, and Google, the EU faces significant challenges in establishing cloud sovereignty and competing on a global scale. The European Commission (EC) is actively investing in cloud and edge computing to address this imbalance, with ambitious goals such as ensuring that 75% of EU enterprises adopt cloud solutions by 2030. The proposed federated cloud model seeks to combine smaller players, including telecom operators and local services, to create a unified front against global giants. However, fragmentation within the European market complicates this effort. The cloud-edge continuum concept aims to integrate various providers, from large cloud services to small edge nodes, to deliver computing resources closer to where data is generated. During the forum, I inquired about the role of decentralized technologies like Streamr in this vision. While the EC's roadmap places decentralized technologies at the far end of the cloud-edge continuum, many DePIN projects are already operational today. Streamr, for instance, can serve as a decentralized data backbone, facilitating the integration of various services and enhancing the efficiency of data management. To realize the potential of decentralized solutions in achieving cloud sovereignty, there must be more dialogue between policymakers and innovators, ensuring that these technologies are recognized and integrated into Europe’s strategic framework for the future.

In the wake of the 2008 financial crisis, the flaws of the centralized monetary system became glaringly apparent, prompting the emergence of Bitcoin as a revolutionary force aimed at separating money from state control. This shift towards a decentralized financial system is underpinned by blockchain technology, which enables the creation of systems for finance, identity, and social coordination without the need for centralized intermediaries. As the demand for individual liberties grows, the limitations of first-generation smart contracts become evident, necessitating the development of more advanced systems like SQL Smart Contracts to fully realize the potential of blockchain technology. Smart contracts, as pioneered by Ethereum, represent a significant advancement in decentralized applications, allowing for programmable logic to be executed across a network. However, current smart contracts face critical limitations in data management, particularly with index and access path dependence. These constraints hinder the ability to retrieve and manipulate data efficiently, thereby restricting the development of complex applications. The rigid structure of Ethereum's data storage means that developers must often restructure contracts to accommodate new functionalities, leading to increased costs and reduced usability. To overcome these challenges, platforms like Kwil are integrating relational databases into blockchain technology, enabling developers to leverage SQL's flexibility for data manipulation. This paradigm shift allows for the creation of more sophisticated and data-intensive decentralized applications, enhancing the capabilities of blockchain beyond simple cryptocurrency transactions. By adopting a relational model, the blockchain industry can unlock new applications that were previously unfeasible, paving the way for a more decentralized and trustworthy digital landscape that aligns with the foundational principles of freedom and self-determination.

In a groundbreaking collaboration, Hawk Networks, a key contributor to the Althea ecosystem, has teamed up with Globalstar, Global Telecom, and Alliance to revolutionize connectivity solutions in the telecom industry. This partnership integrates Globalstar’s Band 53 with Althea’s KeyLTE/5G, unlocking access to previously inaccessible licensed spectrum resources. The initiative aims to democratize telecom infrastructure, allowing organizations of all sizes—from small operators to local communities—to build high-performance networks. This shift addresses the historical barriers that have limited access to licensed spectrum, enabling a more inclusive approach to telecom network deployment, particularly in underserved broadband areas and smart agriculture applications. At the heart of this innovation is the Althea platform, which leverages blockchain technology to create a decentralized ecosystem for network management. Unlike traditional telecom models that rely on centralized entities, Althea automates processes such as payment settlements and bandwidth allocation through smart contracts. This automation reduces operational overhead, making it easier for smaller operators to participate in the market. By providing a streamlined solution that includes necessary radio equipment and core network components, Althea empowers a diverse range of participants to build and manage their telecom infrastructure, driving innovation and competition in the sector. The partnership also highlights the potential of real-world assets (RWAs) in telecom. By integrating RWAs like telecom towers and spectrum into its blockchain framework, Althea enables these assets to become tradable and programmable. This creates a dynamic marketplace for telecom resources, allowing operators to efficiently manage and scale their networks based on real-time demand. As the telecom landscape evolves, this collaboration sets a precedent for a more flexible and inclusive future, where high-performance connectivity solutions are accessible to all, fostering growth in emerging markets such as IoT and connected devices.

Crust Network has made significant strides in its technical progress, recently upgrading its runtime to specification version 25. This upgrade includes parameterization of all control variables for order costs, which can be modified via Parliament, and an adjustment to the File Base Fee strategy. Additionally, the SManager 2.0.3 version optimizes the order timeout logic and introduces a retry mechanism to enhance order success rates. The team is also researching IPFS configuration optimizations and investigating the feasibility of porting the latest IPFS Kubo code to Crust, further integrating its services within the Algorand ecosystem through the wen.tools project. In terms of ecosystem collaboration, Crust has launched its ERC-7588: Blob Transactions Metadata JSON Schema on Ethereum, which enhances data visibility and auditability for blob transactions. This upgrade supports new decentralized applications and improves data management. Crust also sponsored the Polkadot Hackathon 2024 in Singapore, where the CDepin team won the Crust Bounty, showcasing the innovation within the Polkadot ecosystem. To ensure domain name availability, Crust is implementing a multi-domain backup solution, providing several accessible domains to mitigate potential risks. Community engagement remains a priority for Crust, as evidenced by its participation in various events such as the “POL Launch Countdown” in Shanghai and hosting Twitter spaces with partners like SightAI and Tanssi. These initiatives aim to explore the potential of decentralized storage solutions and appchain deployment. Crust also attended Token 2049 and supported the Blockchain Development Program, demonstrating its commitment to fostering community knowledge and collaboration within the blockchain space.

In the ever-evolving landscape of cryptocurrency, analysts are predicting significant gains for DTX Exchange and Bittensor (TAO) in the final quarter of 2024. A Shiba Inu (SHIB) analyst forecasts that these altcoins could see returns as high as 20 times their current value, driven by their innovative features and strong market presence. As the crypto market remains volatile, Shiba Inu has experienced a slight decline of 2.8% over the past week, fluctuating between $0.0415 and $0.0419. Despite this, it appears to be stabilizing around $0.0418, with investors closely monitoring market conditions. Bittensor (TAO) is currently trading at approximately $636.26 and has seen a remarkable price increase of over 14% in the past week. This surge is attributed to growing investor confidence in its decentralized machine-learning capabilities, particularly as major AI companies rebound. Analysts are optimistic about Bittensor's future, especially with the upcoming launch of the Bittensor Improvement Template (BIT001), which will tokenize each subnet within its ecosystem. This, along with the introduction of the $TAOBOT token, is expected to enhance the value of Bittensor (TAO) significantly. On the other hand, DTX Exchange is also poised for substantial growth, with predictions of 20x gains by the end of 2024. The platform's unique features, such as a 1000X trading capacity without KYC requirements and gas-free trading through its VulcanX feature, make it an attractive option for traders. Additionally, DTX Exchange emphasizes financial inclusion for unbanked individuals, providing them access to global markets. With a focus on security through on-chain verifications and non-custodial solutions, DTX Exchange is well-positioned for rapid growth, making it a strong contender in the crypto market alongside Bittensor (TAO).