The world is witnessing a revolutionary transformation, not just in the crypto realm, but in the very fabric of our physical infrastructure. The rise of Decentralized Physical Infrastructures (DePINs) is not just another crypto trend; it's a complete reimagining of how we interact with the world around us. DePINs are changing the world, from providing internet access in underserved communities to destroying Telecoms oligopolies, and they're doing it at breakneck speed.
In August 2023, IoTeX spurred the DePIN scene with the launch of DePINscan – the first-ever real-time data explorer for this burgeoning sector. DePINscan is more than just a CoinMarketCap or CoinGecko for DePINs; it's a game-changer. It empowers DePIN projects to effortlessly create profiles, share real-time network-level data like node distribution and location, and pique investor and user interest in their groundbreaking endeavors.
Since its August debut, DePINscan has become a go-to source for DePIN intel, amassing over 163,000 unique visitors and 367,000+ pageviews. A whopping 21 DePIN projects, representing a combined market cap of ~$6.1 billion and roughly 475,000 devices across 156 countries, are directly integrated with the platform. And this is just the beginning!
Today, we're thrilled to announce the launch of DePINscan 1.0, in partnership with blue-chip DePIN projects Helium, Akash, Streamr, Theta, Pocket, Drife, WiFi Map, and DIMO. This iteration isn't just a facelift; it's a complete overhaul, transforming DePINscan into a comprehensive command center for navigating the burgeoning DePIN landscape. Let's dive into what's new.
The People's Network. Helium fosters a distributed wireless network, incentivizing participants with token-based rewards for contributing their resources for its expansion. It operates on the high-scalability and secure Solana blockchain and supports diverse applications, including IoT devices and 5G connectivity. Unique to Helium is its Proof-of-Coverage consensus algorithm, rewarding verification of network coverage.
With over 975,000 hotspots, Helium represents the immense potential of DePINs to overtake traditional infrastructure.
The world's first decentralized cloud computing marketplace, offering on-demand cloud resources at significantly lower costs. It operates on blockchain technology and employs a unique model that allows users to lease unused compute capacity from data centers and cloud providers. Enhancing its network, Akash recently added GPU support, including NVIDIA and AMD, to address the growing demand in AI model training and similar GPU-reliant tasks.
In 2023, Akash reached 56% of CPU utilization, signaling a strong trend towards decentralized compute solutions.
DIMO is the people-powered movement behind the next generation of mobility services. By connecting drivers and their data with developers and manufacturers, they are building the largest, most useful IoT network of user-owned devices—starting with cars.
With over 36,000 cars already on the road, DIMO is transforming how vehicle data is collected, shared, and used, offering a new realm of possibilities in the automotive world.
Theta is the leading purpose-built blockchain for video, AI and entertainment. It uses blockchain technology to incentivize users to share their excess bandwidth and computing resources, contributing to a more efficient, high-quality video streaming network. They recently launched Theta EdgeCloud: The 1st hybrid cloud computing platform built on a fully distributed edge architecture, designed to serve the compute needs of video, 3D rendering, AI, and more.
Streamr helps DePINs unlock their potential by hyperscaling real time data delivery between any two points - via a decentralized P2P network. It also helps DePINs monetize their data to third-party apps and developers via its Hub and Data Union framework. Its technology is a core service layer for DePINs and implements a vendor-neutral, real-time publish/subscribe protocol for data transmission. The data travels via ‘one to many’ or ‘many to many’ data pipelines and its powerful tools for monetization enable DePINs to generate revenue from their data, fostering a thriving economy within the DePIN ecosystem.
POKT Network is the RPC Base Layer that anyone can build on top of to lower costs (with fees from $0.85/mil), boost reach (instant access to 50+ chains) and ensure uptime + scalability (with 15-18k nodes in 22 countries).
Whether you connect directly, or via an existing RPC provider, you should have POKT Network underneath - protecting uptime, reducing cost, and providing resilient scalability.
Drife is a decentralized ride-hailing platform, designed as an innovative solution within the transportation industry, particularly targeting the challenges faced in conventional ride-hailing services like Uber or Lyft. It operates on blockchain technology and aims to disrupt the traditional ride-hailing ecosystem by introducing a more equitable, transparent, and user-centric model through token inventives. Drivers earn more by not having to pay high commission fees, and riders can benefit from competitive pricing.
Drife already has 30,000 drivers onboarded, benefitting from an equitable, decentralized ridesharing dApp.
WiFi Map is a mobile application designed to help users locate and connect to WiFi networks around the world. It's particularly useful for travelers or anyone needing internet access while on the go. The app operates on a community-driven model where users contribute and update WiFi network information including locations, passwords, and comments about the quality of the connection.
Starting as a Web2 venture, WiFi Map quickly incorporated a database of over 4.5 billion WiFi hotspots. As they move into the Web3 space, WiFi Map is ready to use the DePIN model to further incentivize and grow the network.
DePINscan v1.0 is packed with exciting new features that elevate the DePIN discovery experience to a whole new level:
🔥 Top Trending Projects: Stay ahead of the curve with the hottest DePIN projects of the week and discover new, verified gems to add to your watchlist.
📊 DePIN Market Cap, Volume, and Total Devices: Get a holistic view of the sector's health with a layered timeline showcasing the sector's three most crucial stats.
👀 Pre-Token Launch Projects: Reap early bird rewards by keeping an eye on upcoming DePIN projects before they hit the token market.
⛏️ Mineable Projects with Buy Now Option: For the action-oriented, DePINscan 1.0 opens the door to direct mining. Skip the middleman and start earning rewards by purchasing devices straight from mineable projects within the platform.
🔍 Detailed Project Pages: Gain comprehensive insights into each project, with data from CoinGecko-powered token prices to in-depth device metrics.
This platform is the crystallization of a vision - a vision where decentralized infrastructure is not a distant future but a tangible, accessible reality. By bridging the gap between innovative DePIN projects and a global audience, DePINscan is democratizing access to cutting-edge technology. From Helium's expansive wireless network to Akash's decentralized cloud computing, Streamr's peer-to-peer communication solutions, and beyond, each project represents a unique facet of this decentralized revolution. As we move forward, DePINscan will continue to be the beacon for those navigating this brave new world, offering insights, accessibility, and opportunities to participate in an ecosystem that is reshaping how we think about and interact with our physical and digital realms. In essence, DePINscan is more than a platform; it's a testament to the power of collective innovation and the boundless potential of decentralized infrastructure.