Phoenix

In a recent analysis by Phoenix Group and LunarCrush, Chainlink (LINK) has emerged as the leader in social engagement among decentralized physical infrastructure network (DePIN) projects. With a remarkable 15,200 engaged posts and 3.6 million interactions within a 24-hour period, Chainlink significantly outperformed its competitors, showcasing a vibrant community discussion around its protocol. This high level of engagement not only cements Chainlink's position at the top but also reflects the growing interest in decentralized infrastructure solutions. Following Chainlink, Bittensor (TAO) secured the second position with 9,700 posts and 876,800 interactions, indicating strong community momentum despite being far behind Chainlink. The Internet Computer Protocol (ICP) rounded out the top three with 4,200 posts and 300,600 interactions, demonstrating steady traction among its user base. Other notable projects like Arthera (ATH), which recorded 3,000 posts and 475,700 interactions, also showed significant community response, highlighting the diverse engagement levels across the DePIN landscape. The rankings also featured smaller projects such as Grass and Dione, which, despite lower posting activity, managed to attract considerable interactions, indicating a growing interest in emerging networks. The data underscores a trend where social metrics are becoming essential indicators of project momentum, as they reflect how well these projects resonate with their communities. As the DePIN sector continues to evolve, the increasing engagement from both established and emerging tokens suggests a vibrant future for decentralized infrastructure initiatives.

Recent data from Phoenix Group and LunarCrush highlights the most active projects within the Decentralized Physical Infrastructure Network (DePIN), with TAO and Internet Computer (ICP) leading the charge. As of June 14, 2025, TAO recorded an impressive 6.9K engaged posts and 592.4K total interactions, showcasing its strong community support. ICP followed closely with 5.3K posts and 414.2K interactions, indicating robust discussions and interest in the project. The metrics reveal a growing trend in blockchain infrastructure tokens, with smaller projects like Render, Siacoin, and Theta also gaining traction in the DePIN space. Siacoin, in particular, stood out with 2.5K posts and a remarkable 614.9K interactions, suggesting a high level of viral interest despite fewer original posts. Render, focused on decentralized GPU rendering, garnered 3.2K engaged posts and 216.5K interactions, reflecting a rising interest in this niche. Theta maintained its position in the decentralized video streaming sector with 2.2K posts and 142.4K interactions. These statistics illustrate how certain projects can generate significant user engagement even with lower content volume, emphasizing the importance of interaction-to-post ratios in measuring project resonance. Looking ahead, the World Economic Forum's June 2025 Technology Convergence Report projects that the DePIN market, currently valued at $30 billion, could soar to $3.5 trillion by 2028. This anticipated growth underscores the increasing influence of DePIN within the global technology landscape. As interest in AI and DePIN applications continues to rise, projects like Soul, Elrond, Livepeer, and others are also making their mark, indicating a broader shift towards decentralized infrastructure solutions in the blockchain ecosystem.

On April 24, 2025, LBank Exchange announced the listing of Phoenix (PXT), a new digital asset designed to bridge the gap between Artificial Intelligence (AI) and decentralized physical infrastructure networks (DePIN). The PXT/USDT trading pair is now available, marking a significant step in the evolution of Web3. Phoenix aims to provide a modular and scalable framework for developing AI agents and intelligent applications directly on the blockchain, enhancing user interaction with digital assets and decentralized governance. Phoenix's ecosystem is built on the principles of composability and accessibility, allowing developers and users to create autonomous agents and decentralized applications with minimal technical barriers. The integration of AI with DePIN transforms decentralized networks into programmable economies, enabling AI agents to engage in value creation and resource coordination autonomously. This innovative approach addresses critical limitations in the current Web3 landscape, such as cross-chain interoperability and the complexity of onboarding non-technical users, while enhancing the real-world utility of decentralized systems. The native utility token, PXT, plays a vital role in the Phoenix ecosystem, facilitating economic interactions and incentivizing participation among developers, agents, and users. With a total supply of 21 billion PXT tokens, the distribution includes community incentives, ecological development funds, and allocations for team support and strategic partners. This tokenomics model not only fuels transactions and dApp operations but also fosters a sustainable DePIN economy, allowing for staking and cross-chain economic activities. Phoenix is poised to drive the next wave of adoption at the intersection of AI, DeFi, and digital infrastructure.

In the ever-evolving landscape of decentralized finance (DeFi), Total Value Locked (TVL) serves as a critical metric for assessing the growth of various protocols. Recent data from Phoenix Group has revealed significant TVL increases across several projects in the past month, attracting the attention of investors and crypto enthusiasts alike. Among the top 15 projects, BUIDL has emerged as the standout performer, showcasing a remarkable 219% growth in TVL, which now stands at $1.8 billion. This tokenized money market fund, powered by BlackRock and built on the Ethereum blockchain, has seen its value triple in just three weeks, reflecting a heightened demand for secure crypto assets. Following BUIDL, Sonic (S) has secured the second position with a 171% increase in TVL, demonstrating the platform's growing influence since its rebranding from Fantom. Level Finance (LVL) comes in third with a 123% growth, attributed to its unique offerings in the DEX perpetual trading marketplace on the BNB Chain. Euler (EUL) and Sky (SKY) round out the top five, with TVL growths of 105% and 55.6%, respectively. Sky's recent rebranding from Maker to Sky has successfully attracted more users to its platform, further enhancing its market presence. Other notable projects that have seen impressive TVL growth include DeepBook (DEEP) with a 53.8% increase, Idle Finance (IDLE) at 51.9%, and Beethoven X (BEETS) with a 47.9% rise. The data highlights a vibrant DeFi ecosystem, with projects like Orderly Network (ORDER) and Pell Network Token (PELL) also making significant strides. As the DeFi space continues to mature, these growth metrics underscore the increasing interest and investment in innovative financial solutions within the blockchain realm.

The total value locked (TVL) in various cryptocurrency projects has seen remarkable growth, as highlighted in a recent research document by Phoenix Group, which utilizes data from DeFiLlama. TrueFi (TRU) has emerged as the leading project, boasting a TVL increase of $260.2k, equating to an impressive 424% surge. This growth positions TrueFi ahead of its competitors in terms of locked value, showcasing the increasing investor confidence in decentralized finance (DeFi) markets. Following TrueFi, three DeFi projects—Mint ($MINT), Maple ($MPL), and Zircuit ($ZRC)—have also experienced notable TVL growth. Mint currently holds a TVL of $1.5 million, while Maple and Zircuit report $454.4 million and $890.8 million respectively. This upward trend in TVL indicates a growing trust among investors and heightened activity within the DeFi sector, reflecting a broader acceptance of decentralized financial applications. Additionally, other protocols such as Note ($NOTE), Euler ($EUL), and Velodrome ($VELO) have shown substantial TVL increases, with values rising to $13.5 million, $377.1 million, and $66.7 million respectively. The overall growth in TVL across multiple platforms signifies a diverse and expanding DeFi landscape, driven by enhanced liquidity and user engagement. As protocols like $IDLE, $PUFFER, $BLUE, and $CPOOL report successive growth, the ongoing trends are reshaping the DeFi ecosystem, attracting more capital inflows and reinforcing the foundation of decentralized finance networks.

The Decentralized Physical Infrastructure Network (DePIN) sector is rapidly evolving, showcasing significant potential across various technological domains. According to a recent report by Messari, DePIN is currently in its nascent growth phase, holding less than 0.1% of the market share but boasting a market cap of $50 billion, supported by over 13 million devices contributing daily. By eliminating centralized intermediaries, DePIN facilitates a more efficient and inclusive sharing of physical assets, which is crucial for the development and operation of critical infrastructures in computing, AI, wireless technology, and energy services. Since its inception, DePIN has garnered attention from major tech companies, particularly in 2023, as global manufacturers began integrating blockchain into real-world infrastructures. The sector can be categorized into Physical Resource Networks, which focus on devices, and Digital Resource Networks, which emphasize computing resources like CDNs and AI. This duality allows individual device owners to share data and earn rewards while providing accessible computing resources. DePIN's applications extend to telecommunications, data management, and cloud storage, offering scalable alternatives to traditional centralized systems and enhancing AI functionalities. At the forefront of this innovation is Phoenix, a decentralized AI compute network that leverages DePIN infrastructure to deliver scalable solutions for AI applications. Phoenix's SkyNet platform utilizes a globally distributed network of high-performance GPUs, including both NVIDIA and alternative models, to optimize AI operations. Their collaborations with firms like TandemAI and Origin Quantum aim to democratize access to advanced computing resources, enabling research organizations to conduct complex analyses at minimal costs. As the DePIN-AI sector is projected to reach a market size of $3.5 trillion by 2028, Phoenix is poised to lead this transformative wave by merging decentralized infrastructure with cutting-edge AI technologies.