How is DePIN developing on L1 and L2?
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How is DePIN developing on L1 and L2?
As the DePIN sector evolves, dedicated DePIN blockchains like IoTeX and Peaq, along with L1 and L2 networks such as Near and Aptos that are heavily investing in AI, are expected to continue growing.
Navigating Web3 tides with focused insightsAuthor: Heimi
How are DePIN projects developing on L1s and L2s?
While Solana currently attracts significant attention, several prominent DePIN projects are beginning to adopt Arbitrum and Polygon as their base chains.
As the DePIN sector evolves, we can expect continued growth from dedicated DePIN blockchains like IoTeX and Peaq, as well as L1s and L2s such as Near and Aptos that are heavily investing in AI.
Ethereum - Diverse dApps
1. ORA (AI Oracle)
A verifiable AI oracle currently developing opML to bring AI models on-chain.
Backed by renowned VCs including dao5, Polygon, Foresight Ventures, Sequoia China, and Hashkey.
2. ATOR $ATOR (WiFi)
A DePIN WiFi network allowing users to connect and earn tokens by contributing bandwidth.
Total nodes: 3,400
MC: $76.72 million, FDV: $95.71 million
3. AIOZ $AIOZ (Streaming)
A comprehensive DePIN solution supporting Web3 storage, decentralized AI computing, streaming, video-on-demand, and more.
Total nodes: 184,069
MC/FDV: $510 million
4. Janction (AI Layer2)
An AI-focused Layer2 offering a GPU network that provides traceable data inputs for SMEs and startups.
5. Deeper $DPR (DPN)
A decentralized VPN network (DPN) where users earn tokens by contributing unused bandwidth.
Total nodes: 150,000
FDV: $23.47 million
👀 Solana - Highest Node Count
1. Helium $HNT (Wireless Hotspot Network)
A decentralized wireless hotspot network where users connect and earn tokens by sharing bandwidth.
Total nodes: 1.008 million
MC: $1.127 billion, FDV: $1.494 billion
2. Render $RENDER (GPU Network)
A decentralized GPU network where users contribute idle GPUs to render tasks and earn tokens.
Total nodes: 3,783
MC: $2.349 billion, FDV: $3.186 billion
3. HiveMapper $HONEY (Map Data Network)
A decentralized mapping network where users connect dashcams and earn tokens by contributing map data.
Total nodes: 153,192
MC: $169 million, FDV: $459 million
4. DePHY (Infrastructure)
An integrated DePIN framework simplifying development for new DePIN projects.
5. HajimeAI (AI Sidechain)
A Solana-based AI sidechain aiming to bring Multi-Agent systems on-chain to fulfill any user intent. Users can join the network as nodes, providing computational support for AI agent inference and training.
Polygon - Most Active in DePIN
1. DIMO (Vehicle Sensors)
A decentralized automotive data network where users create and share verified vehicle data streams to earn tokens.
Total nodes: 109,205
MC: $32.9 million, FDV: $139 million
2. WIFI Map $WIFI (WiFi Hotspots)
A WiFi hotspot network where users earn tokens by contributing WiFi access.
Total nodes: 15 million (originally a Web2 "WiFi password" type product)
MC: $11.13 million, FDV: $36.27 million
3. Geodnet $GEOD (Geospatial Data Network)
A geospatial data network where users earn rewards by connecting rooftop GNSS antennas, serving applications in agriculture, transportation, and geospatial data products.
Total nodes: 8,719
MC: $20.77 million, FDV: $141 million
Funded by top-tier VCs including Pantera and VanEck.
👀 Arbitrum - Established dApps
1. Livepeer $LPT (Video Streaming)
A veteran decentralized video streaming network where nodes contribute CPU/GPU resources and bandwidth to provide live or on-demand video services for companies, earning tokens in return.
Total nodes: 100; regular users can stake tokens under these nodes to earn yield.
MC/FDV: $483 million
2. Wicrypt $WNT (WiFi)
A WiFi sharing platform where users purchase dedicated hardware to share WiFi and earn tokens.
Total nodes: 1,832
MC: $1.49 million, FDV: $7.12 million
👀 IoTeX - Sensor-Driven
1. Wayru (WiFi)
A decentralized WiFi network where users can either buy dedicated hardware or use existing WiFi devices with the WayruOS system to set up nodes and earn tokens by sharing WiFi.
2. Inferix (GPU Network)
A decentralized GPU network where users earn tokens by sharing idle GPU power.
Total nodes: 1,533
3. PowerPod (EV Charging Network)
A decentralized EV charging network where users purchase charging equipment, share it, and earn tokens. The mainnet has not yet launched.
4. Network3 (AI Network)
A decentralized AI network where users earn tokens by sharing bandwidth, compute power, and datasets to support AI model inference, fine-tuning, and training. Currently in testing.
👀 Peaq - Rich in Innovative Use Cases
1. Natix (Maps)
A decentralized camera network aiming to build a real-time world map. Users download a dedicated camera app to collect geospatial images and earn tokens.
MC: $19.18 million, FDV: $118 million
2. Silencio (Environmental Sensors)
A global network measuring noise pollution. Users earn token rewards by using their smartphones to measure ambient noise levels.
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