The Rise of DePin Projects in Crypto: Top Picks to Watch
As the crypto market continues to evolve, the concept of Decentralized Physical Infrastructure Network (DePin) projects is gaining traction among investors. These projects focus on building physical blockchain infrastructures connected to the real world using native tokens to incentivize participation. With a market capitalization of $25 billion, DePin projects span various categories like data processing, storage, and artificial intelligence. Among these, data storage projects are particularly popular due to the increasing demand for data utilization in daily life.
The Trend of DePin Protocols Unveiled
- DePin projects work through native tokens to incentivize physical blockchain infrastructure
- Users pay node operators with these tokens for services like storage space and bandwidth
- Ethereum is the preferred network for DePin project development
Insights from Crypto.com Study
A recent study by Crypto.com sheds light on the growing DePin market, revealing a market capitalization of $25 billion distributed across various sub-categories. Data processing, storage, and artificial intelligence are the key areas driving this market, with AI projects leading the way. The study highlights Ethereum as the primary platform for developing DePin applications, followed by Filecoin, Solana, Cosmos, and Polkadot. Additionally, IoTeX is carving a niche for itself in IoT infrastructure.
Leading DePin Projects: Helium and Render Network
- Helium: Operates on a wireless physical network using HNT tokens for incentivization
- Render Network: Utilizes decentralized GPU processing on Ethereum for real-time rendering services
Helium and Render in Focus
Helium stands out as a blockchain infrastructure facilitating wireless networks globally through HNT token rewards. On the other hand, Render Network leverages Ethereum’s capabilities for GPU-based real-time rendering services. Both projects have seen significant growth in terms of user adoption and technological advancements.
Top DePin Crypto Projects: Over, Io.net, Stratos Network
- Over: Augmented reality project creating 3D maps of physical locations for virtual interactions
- Io.net: Provides computing power through GPUs for AI and ML tools
Exploring Over and Io.net
Over’s innovative approach to augmented reality has attracted over 1.2 million users globally, showcasing its potential in creating immersive experiences. Io.net focuses on democratizing GPU computing by offering free access to this technology without any restrictions. The project recently secured significant funding and is set to launch its own token soon.
The Future of DePin Projects: A Look Ahead
As DePin projects continue to gain momentum in the crypto space, investors are keeping a close eye on emerging opportunities in this sector. With innovative solutions like Over’s AR platform and Io.net’s GPU computing model, the future looks promising for decentralized physical infrastructure networks.
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