Over the past week, the DePIN market has shown relative stability, with the market value slightly declining from $24,820,584,738 to $24,735,191,889, a drop of about 0.3%. Despite the slight decrease in market value, the overall trading volume has increased significantly, from $2,676,223,552 to $3,142,631,059, indicating investors' continued enthusiasm and attention for DePIN projects.
Several DePIN projects have performed brightly, especially Aleph (ALEPH) and Nosana (NOS), which have risen by 53.60% and 52.90% respectively, leading the market. This reflects the market's strong demand for decentralized storage, computing, and smart contracts.
Key Project Updates
- IoTex Becomes a Leading DePIN Platform
With the rise of the Decentralized Physical Infrastructure Network (DePIN), IoTeX has emerged as a major force in this field. It supports over 40 projects and 10 million devices, with applications spanning various industries such as transportation and agriculture. IoTeX's architecture offers high scalability and interoperability, suitable for large-scale device operations, further solidifying its leading position in the DePIN domain.
- Bistroo Partners with IoTeX
Bistroo partnered with IoTeX in September, significantly driving user growth, with a 402% increase in user accounts. Through community activities and platform optimization, Bistroo has further enhanced user experience and solidified its leading decentralized infrastructure in the catering industry.
DePIN Token Market Performance
The best-performing DePIN tokens in the past 7 days are:
- Aleph (ALEPH): Up 53.60%, leading the market;
- Nosana (NOS): Up 52.90%;
- Stratos (STOS): Up 33.20%;
- Constellation (DAG): Up 25.40%;
- Pocket (POKT): Up 23.50%.
Other notable tokens include Autonolas (OLAS), up 22.20%, and Storj (STORJ), up 19.50%. These increases reflect the DePIN market's ongoing demand for decentralized storage and computing solutions.
Industry Focus
- A combination of AI and DePIN
io.net's collaboration with ParallelAI has enhanced decentralized GPU computing capabilities, enabling AI developers to train large language models at a lower cost. This partnership strengthens the distributed management of computing resources and lays the foundation for a deeper integration of AI and DePIN.
- Green Charging Network Expansion
PowerPod's collaboration with Arkreen demonstrates how an on-chain carbon offset system can drive the green transformation of the Asian electric motorcycle market. The partnership ensures the sustainability of electric motorcycle charging through tokenized Renewable Energy Certificates (RECs), providing a practical case for the application of sustainable energy solutions in the mobility sector.
Active DePin Projects in the Community
Analysis platform LunarCrush, by counting daily social mentions of projects on social media, concludes the community activity of various DePIN popular projects: Bittensor (TAO) is mentioned 10,950 times, showing a significant increase of 2490 times, indicating the community's strong interest in the project; other outstanding projects include MultiversX (EGLD), Internet Computer (ICP), and Holo (HOT).
Latest DePIN Field News
- aZen Partners with Stratos: Their collaboration further optimizes the construction of Web 3.0 infrastructure by integrating decentralized storage and SocialFi technologies, enhancing the efficiency and security of decentralized computing solutions.
- Aethir Ecosystem Fund: Aethir announces the establishment of a $100 million ecosystem fund, focusing on supporting innovation in the AI and gaming sectors, demonstrating the important role of DePIN technology in high-performance computing resource management.
- Storj Token Returns to Binance: After a seven-month suspension, Storj has resumed depositing tokens to Binance, with the STORJ token rising by 19.50% in the past week, reflecting the market's confidence in its decentralized storage solutions.
Summary
Although the overall market value of DePIN slightly decreased this week, trading activities remained active, with several projects' technological advancements and token performances attracting attention, especially in the fields of decentralized storage, computing, and green energy, such as the strong growth of projects like Aleph, Nosana, and Stratos. IoTeX's ecosystem expansion and innovative collaborations, Bistroo's user growth, and technological progress in projects like Storj and Aleph further demonstrate the broad application prospects of DePIN across various industries. With the continuous integration of AI and decentralized technologies, the DePIN industry will continue to expand its technological boundaries and market potential in the future.
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