The DePIN Explorer - DePIN Scan

In the latest quarterly report, io.net has demonstrated significant growth in revenue, achieving an impressive 82.6% increase, which brought its total revenue to $5.7 million. This surge in revenue is particularly noteworthy given the broader contraction in the cryptocurrency market, where the market cap of its IO token plummeted by 71.4% to $108 million, alongside a 74.9% drop in token price. Despite these challenges, io.net has successfully integrated with various AI and compute-focused platforms, including partnerships with Zerebro, KREA, and Injective, aimed at enhancing decentralized GPU compute capabilities for applications in AI and DeFi. The infrastructure of io.net, which is built on a decentralized network of GPUs and CPUs, allows for scalable access to compute resources, particularly for machine learning and AI applications. The platform supports a wide array of machine learning frameworks, ensuring flexibility and efficiency in resource allocation. However, the average daily verified compute resources have seen a decline, with verified GPUs and CPUs down 11.1% and 4.5% respectively. This reduction reflects ongoing supply-side challenges and a decrease in token incentives, which has impacted the overall activity within the network. Despite the mixed performance metrics, io.net has maintained a steady pace of development, with numerous collaborations aimed at expanding its ecosystem. The partnerships formed in Q1 2025, including those with Alpha Network and Mira Network, highlight io.net's commitment to enhancing decentralized AI infrastructure. As the project continues to refine its economic models and expand its network capabilities, it remains a key player in the evolving landscape of decentralized compute resources, even amid a challenging market environment.

On May 21, 2025, IoTeX, a prominent Layer 1 blockchain designed for decentralized physical infrastructure networks (DePIN), officially launched its Staking Program on DePINscan. This unified staking interface aims to empower users by providing a simplified and trusted gateway to support and earn from innovative DePIN ecosystems. The program initially offers native staking support for Hivello and Functionland, both of which are incubated by IoTeX, along with integrated staking for other projects like Filecoin, Fluence, Swan, and Aethir, in partnership with technical collaborator Parasail. The launch of the staking program is a significant milestone as it aligns with the maturation of DePIN from a nascent concept to a fully developed industry. Qevan Guo, CTO and Co-Founder of IoTeX, emphasized that this initiative facilitates scalable user participation in real-world infrastructure projects. DePINscan is not merely a dashboard; it represents a gateway to the future of Web3 utility, providing visibility into over 100 projects and an ecosystem value exceeding $1 billion. With the introduction of native and cross-chain staking, token holders can now easily delegate to real-world networks, track rewards, and support aligned DePIN projects. The integration of high-profile projects like Filecoin and Aethir highlights IoTeX's commitment to fostering open collaboration and chain-agnostic support. All staking operations are secured by Parasail’s robust infrastructure, ensuring reliability and scalability for future partners. Dom Carosa, co-founder of Hivello, expressed enthusiasm about the staking program, noting it as a significant opportunity for users to engage with decentralized infrastructure intuitively and rewarding. IoTeX plans to continue onboarding new projects and providing extensive support through marketing, infrastructure tools, and cross-chain integrations, inviting developers and builders to join their staking program.

Alpha Liquid Fund has announced a significant investment in the $XNET token ecosystem, reinforcing its commitment to innovative projects in the decentralized wireless (DeWi) sector. The XNET Foundation is at the forefront of transforming mobile connectivity by addressing the limitations of traditional network infrastructure. By utilizing blockchain technology on the Solana network, Citizens Broadband Radio Service (CBRS) spectrum, and Wi-Fi 6+, XNET empowers local builders to deploy LTE/5G or carrier-grade Wi-Fi in underserved areas. This community-driven approach not only reduces costs but also enhances scalability, offering resilient connectivity solutions that challenge conventional Mobile Network Operator (MNO) models. Recently, XNET Mobile was recognized as an International Data Corporation (IDC) Innovator in DePIN for 2025. In April, the project achieved a notable milestone with a 16% increase in average daily data offload, showcasing its ongoing momentum. Wes Levitt, the Chief Investment Officer of Alpha Liquid Fund, emphasized the tangible impact of XNET, highlighting the consistent growth in data offload and the strong community support that fuels the network's progress. Alpha Liquid Fund specializes in liquid digital assets, maintaining a 90-day liquidity threshold. The fund employs a rigorous fundamental research approach, investing in digital assets both on the open market and through OTC deals directly from crypto projects. By utilizing institutional hedging tools and diversifying across sectors and market caps, Alpha Liquid Fund aims to deliver strong returns with reduced volatility and risk compared to direct digital asset holdings. Meanwhile, the XNET Foundation continues to drive innovation in decentralized wireless networks, striving to create scalable and cost-effective mobile connectivity solutions globally.

DIMO Network has officially launched its Vehicle Events API, a significant enhancement aimed at developers eager to create more responsive applications. This new API allows developers to set up webhooks, enabling real-time notifications based on specific vehicle conditions, such as odometer readings or speed limits. By minimizing the need for frequent API requests, this event-driven architecture opens up new possibilities for building intelligent, automated solutions within the DIMO ecosystem. The Vehicle Events API simplifies the process of creating and managing webhooks through a straightforward JSON-based configuration. Developers can define the service, data points to monitor, trigger conditions, and notification frequency. Subscribing vehicles to these events is made easy with a single request to the Subscribe All endpoint. Additionally, the DIMO Developer Console has been updated to provide a user-friendly interface for configuring webhooks, making it accessible for both developers and managers. With support for real-time alerts and plans for daily notifications, the Vehicle Events API is set to revolutionize how developers interact with DIMO vehicles. Updates to the Data SDKs in TypeScript, Python, and C# will further enhance the experience, allowing for more programmatic subscription methods. As DIMO encourages developers to explore the API, they anticipate innovative applications that leverage these new capabilities, marking a transformative step in the automotive tech landscape. More detailed insights into the Vehicle Events API will be shared soon on the DIMO Blog and through their monthly newsletter.