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Analysis of the current status and trends of DePIN projects on mainstream public chains
Overview of DePIN Projects on Various Public Chains
With the continuous development of the decentralized physical infrastructure network (DePIN) field, projects on different public chains are showing a trend of diversification. Although Solana is currently receiving a lot of attention, some well-known DePIN projects have also begun to choose Arbitrum and Polygon as their underlying chains. At the same time, public chains specifically designed for DePIN, such as IoTex and Peaq, as well as Layer 1 and Layer 2 public chains that are vigorously developing artificial intelligence, like Near and Aptos, are expected to continue to grow in the future.
Ethereum: A Paragon of Application Diversity
The DePIN projects on Ethereum demonstrate a wide range of application scenarios:
ORA: A verifiable AI oracle that is developing opML technology aimed at bringing AI models onto the blockchain.
ATOR: This is a DePIN WiFi network where users can earn token rewards by connecting to the network and contributing bandwidth. It currently has about 3,400 nodes and a market value of approximately 76.72 million USD.
AIOZ: Provides a comprehensive DePIN solution, covering applications such as Web3 storage, decentralized AI computing, streaming, and video on demand. It has over 180,000 nodes, with a market cap/fully diluted valuation of $510 million.
Janction: As an AI Layer2 solution, it provides GPU network and traceable data input services for small and medium-sized enterprises and startups.
Deeper: A decentralized VPN network that allows users to earn token rewards by contributing unused bandwidth. It has 150,000 nodes, with a fully diluted valuation of approximately $23.47 million.
Solana: The Leader in Node Count
The DePIN project on Solana is known for its large node scale:
Helium: As a decentralized wireless hotspot network, it has over 1 million nodes and a market cap of $1.127 billion.
Render: This decentralized GPU network allows users to complete rendering tasks and earn rewards by contributing idle GPU resources. It has 3,783 nodes and a market cap of $2.349 billion.
HiveMapper: An innovative decentralized mapping network where users contribute data to the map by connecting dash cams to earn tokens. It has over 150,000 nodes and a market cap of $169 million.
DePHY: Provides an integrated DePIN framework that simplifies the development process of DePIN projects.
HajimeAI: As an AI sidechain of Solana, it is dedicated to bringing multi-intelligent AI into the blockchain, allowing users to support AI agents' inference and training by providing computing resources.
Polygon: A New High for DePIN Activity
The DePIN projects on Polygon showcase a variety of application scenarios:
DIMO: This decentralized automotive data network allows users to create and share verified vehicle data streams to earn token rewards. With over 100,000 nodes, it has a market capitalization of $32.9 million.
WIFI Map: As a WiFi hotspot network, it has an amazing 15 million nodes, with a market value of 11.13 million dollars.
Geodnet: This geographic data network allows users to earn rewards by connecting rooftop GNSS antennas, suitable for multiple fields. It has 8719 nodes and a market cap of 20.77 million dollars.
Arbitrum: A New Home for Traditional dApps
Livepeer: As a well-established decentralized video streaming network, nodes provide live or on-demand services to enterprises by contributing computing resources and network bandwidth, thereby earning token rewards. It has 100 professional nodes, with a market cap/fully diluted valuation of $483 million.
Wicrypt: This WiFi sharing platform allows users to purchase dedicated devices to share WiFi and earn tokens. It has 1,832 nodes and a market cap of $1.49 million.
IoTex: An Emerging Force Driven by Sensors
The projects on the IoTex blockchain mainly focus on the Internet of Things and sensor fields:
Wayru: A decentralized WiFi network where users can set up nodes and share the network using dedicated devices or existing WiFi devices.
Inferix: This decentralized GPU network allows users to share idle GPU computing power to earn token rewards, with 1533 nodes.
PowerPod: An innovative decentralized electric vehicle charging station network where users can purchase charging equipment and earn token rewards through sharing.
Network3: This decentralized AI network allows users to support various services of AI models by sharing bandwidth, computing power, and datasets, thereby earning token rewards.
Peaq: The Incubator for Innovative Use Cases
Peaq on-chain project showcases the innovative potential of DePIN:
Natix: This decentralized camera network aims to build a real-time world map, where users can earn token rewards by collecting geographic images. Market cap of $19.18 million.
Silencio: A global noise pollution measurement network where users can measure the noise levels in their surroundings using their mobile phones to earn token rewards.
Overall, DePIN projects are showing a booming trend across various public chains, demonstrating the immense potential and application prospects of decentralized technology in the field of physical infrastructure.