(The decentralized physical infrastructure network (DePIN) sector is growing rapidly. 650 new projects have already been launched, and the market capitalization of the entire segment has reached $20 billion. Read this article about the VR Soldier’s list that includes top DePIN projects like Rowan Energy, Helium Network, and Filecoin.
DePIN Sector Experiencing Massive Growth
The growing interest in DePIN is due to the fact that these projects are changing traditional systems towards democratization: more people will be able to take advantage of real services and have the opportunity to improve their quality of life.
However, it takes time, effort and money to develop effective community incentive systems, create favorable conditions for long-term development, and survive fierce competition from Web2 giants. Meanhwile, some startups operating in this segment have already managed to achieve results.
The VR Soldier analysts picked the most promising DePIN projects that can bring benefits to early investors and benefit community members.
Top DePIN projects
There are already more than 650 DePIN projects on the market, many of them are worthy of attention. On the other hand, our selection includes startups that offer decentralized solutions in key areas of the real world (energy, wireless networks, data storage) and have investment attractiveness.
Rowan Energy
This is a DePIN project that supports the production and consumption of clean energy, as part of the global policy of transition to zero emissions.
Rowan Energy already has several working products, including an automated platform for buying and selling solar energy directly between users, and a SmartMiner system that rewards solar panel owners for every net kilowatt.
The platform’s native token, Rowan Coin (RWN), is used in on-chain transactions. In addition, ecosystem participants receive rewards in RWN.
At the time of writing, RWN is worth $0.1765. Over the month, the token increased in price by 54%. There are a total of 195 million tokens in circulation, and the total market capitalization exceeds $34 million (according to the project).
Helium Network
This is a DePIN project that is building “The People’s Network”, Helium Network is a decentralized wireless network based on blockchain technology. It consists of hundreds of thousands of devices around the world that act as access points and allow people to connect various smart devices to the Internet. In addition, some devices on the Helium (People’s Network) also act as validator nodes.
The project offers a more cost-effective and reliable alternative to traditional wireless networks, satellite and mobile Internet, making them accessible to a large number of people.
To pay for services on the network, the native cryptocurrency of the Helium (HNT) project is used. It also pays rewards to owners of access points. At the time of writing, one HNT costs $8.86. Over the month, the token rose in price by 20%, and its market capitalization exceeded $1.5 billion.
Filecoin
This is a DePIN project that offers decentralized data storage. The developers set themselves the task of moving away from the traditional system of storing information on centralized servers of large corporations, making it more accessible and secure.
The business model behind Filecoin is based on the idea of a shared economy: users who have free space on their hard drives or other media “rent” it to those who need to host their data. Experts believe that Filecoin project is capable of revolutionizing the field of cloud computing, leaving traditional cloud services behind.
“AI needs data to train. If a centralized repository fails, access rules or prices change, the AI dependent on that repository will cease to exist. This is a real threat to survival, so I believe that AI services should use decentralized data stores,” said BitMEX co-founder Arthur Hayes.
The network uses its own cryptocurrency Filecoin (FIL). It is needed to pay data storage providers. The coin is among the top 50 largest cryptocurrencies and is trading at $10.5 at the time of writing. Within a month, the token rose in price by more than 100% amid news of a strategic partnership with Solana .
Conclusion
The growing interest in DePIN is due to the fact that these projects are changing traditional systems towards democratization: more people will be able to take advantage of real services and have the opportunity to improve their quality of life. DePIN combines the decentralized nature of cryptocurrencies with real-world physical infrastructure—from Wi-Fi networks and transportation to data storage and energy—making it more transparent, efficient and secure. This concept attracts many crypto investors who see it as a solution to global infrastructure problems.
