In the past week, the DePIN market experienced significant fluctuations, with the market value dropping from $23,728,290,803 to $22,160,732,690, a decline of approximately 6.6%. Despite the overall market decline, trading volume remained active, with a transaction volume of $4,484,287,726 on October 28th, indicating continued investor interest in DePIN. Notably, some tokens performed exceptionally well, particularly Autonolas (OLAS) and Nosana (NOS), which rose by 81.80% and 66.50% respectively, becoming the highlights of the market this week.

Key Project Updates

Qubetics has raised $1.4 million in its presale, demonstrating investor confidence in its innovative blockchain solution. By integrating AI optimization tools and autonomous blockchain technology, Qubetics not only enhances development efficiency but also lowers the barrier to entry for decentralized application development. The $TICS token has been eye-catching in the presale phase, attracting the attention of early investors.

Filecoin announced the launch of Filecoin Web Services, aiming to leverage decentralized storage to expand into the AI market. This service expands its original storage solutions, which are particularly suitable for the efficient storage and processing of data required by AI applications. Although the price of the FIL token has fallen slightly this week, Filecoin's transformation towards AI and blockchain infrastructure may enhance its long-term investment appeal.

Network3, through data from DePINscan, has shown that its node network has covered 185 countries and regions worldwide, with a node count reaching 360,000, marking the widespread adoption of its platform and the continuous growth of market demand. The project recently completed a seed financing of $5.5 million to support its future expansion. Network3 plans to undergo an expansion upgrade on November 1st, further enhancing the rewards for miners and network performance.

Crust Network has partnered with Yoghourt Cloud to enhance the storage and retrieval efficiency of the InterPlanetary File System (IPFS), providing a more powerful and scalable data storage solution for decentralized applications. By optimizing storage architecture and improving data retrieval speeds, this collaboration will significantly improve user experience and promote the application of decentralized storage in a broader dApp ecosystem.

DePIN Token Market Performance

The best-performing DePIN tokens this week include:

Other notable tokens include Nodle (NODL), up 16.80%, and Deeper (DPR), up 15.70%. The strong performance of these tokens reflects the market's ongoing demand for decentralized storage, identity, and Internet of Things (IoT) applications.

Industry Focus

Auki's Posemesh network aims to provide a global machine perception network, utilizing a decentralized architecture to support the collaboration between AI and devices, promoting the development of future IoT applications. Posemesh enhances the cognitive abilities of AI devices in real-world environments, with a wide range of applications, including retail, property management, and event navigation, demonstrating the tremendous potential of decentralized networks in machine perception.

DIMO showcased its innovative decentralized automotive data management capabilities during the ETHOnline hackathon, attracting the attention of a large number of developers. DIMO, through its no-code API tools and developer support programs, allows developers to easily integrate vehicle data management solutions, promoting innovation in the automotive industry. In the future, DIMO's Transactions SDK will lower the barrier to using on-chain transactions, further promoting the adoption of Web3 in the automotive industry.

Decentralized Identity (DID) technology has become one of the industry's focal points this week. DID systems give users full control over their personal data, allowing them to use a single identity across different decentralized applications (dApps) while enhancing data security and privacy. As the demand for data privacy increases, DID is gradually becoming a key element in the future adoption of Web3. However, there are still technical challenges such as scalability and user-friendliness.

Latest DePIN Domain News

Roam has been promoting its decentralized WiFi roaming service globally this week, ensuring the security of user data through decentralized identity and verifiable credentials. Currently, Roam operates in more than 190 countries, covering 750,000 self-deployed nodes, demonstrating the vast prospects of global wireless networks in the DePIN ecosystem.

Arkreen launched RMP and REC miners this week, aiming to promote community participation in renewable energy network construction. These miners combine the Decentralized Physical Infrastructure Network (DePIN) and Real World Assets (RWA) models, providing users with real-time sharing and trading of green energy data, further promoting the popularization of green energy.

Ambient has deployed blockchain-based air quality sensors in Los Angeles, aiming to enhance the environmental quality and health experience of local residents. These sensors use blockchain to record air quality data, with users participating in monitoring through token incentives. This move provides a new model for real-time monitoring of urban environments and offers new opportunities for the application of decentralized data in public health.

XProtocol's encrypted Android phone, XForge, is expected to hit the market on October 30th. The phone, through its built-in Xardian node, provides users with decentralized network rewards and access to cryptocurrency, committed to enhancing the application of blockchain in the mobile market. XForge, through its Base Superchain technology, offers users on-chain gaming and other entertainment features, making it an innovative product in the Web3 ecosystem.

Summary

This week, although the overall market value of DePIN has declined, trading volume remains active, showing continued investor interest. Tokens such as Autonolas and Nosana have performed exceptionally well, and the popularization of decentralized identity technology, the launch of machine perception networks, and decentralized applications in the automotive industry demonstrate the technological innovation potential of DePIN. With more projects emerging, the DePIN market is expected to further expand its applications in decentralized data management, the Internet of Things, and sustainable energy sectors.