Current Status of DePIN on L1/L2

How is the development of DePIN on L1 and L2?

Although Solana is currently receiving a lot of attention, some well-known DePIN projects have begun to adopt Arbitrum and Polygon as their base chains.

With the development of the DePIN field, it can be foreseen that DePIN dedicated chains such as IoTex and Peaq and L1 and L2 of AI that are vigorously developed by Near and Aptos will continue to grow.

Ethereum - dApp Diversity

1. ORA (AI Oracle)

A verifiable AI oracle, opML is being developed to bring AI models on-chain.

Invested by well-known VCs such as Dao 5, Polygon, Foresight Ventures, Sequoia China, and Hashkey

2. ATOR $ATOR (WiFi)

A DePIN WiFi network where users can connect to the network and earn tokens by contributing bandwidth.

Total number of nodes: 3400

MC: $76.72 million, FDV: $95.71 million

3. AIOZ $AIOZ (Streaming)

A comprehensive DePIN solution suitable for application scenarios such as Web3 storage, decentralized AI computing, streaming, video on demand, etc.

Total number of nodes: 184,069

MC/FDV $510 million

4. Janction (AI Layer 2)

An AI Layer 2 that provides a GPU network and traceable data input for small and medium-sized enterprises and startups.

5. Deeper $DPR (DPN)

A decentralized VPN network (DPN) where users earn tokens by contributing unused bandwidth.

Total number of nodes: 150,000

FDV $23.47 million

👀 Solana — Largest number of nodes

1. Helium $HNT (wireless hotspot network)

A decentralized wireless hotspot network where users can connect to the network, share bandwidth and earn tokens

Total number of nodes: 1.008 million

MC: $1.127 billion, FDV: $1.494 billion

2. Render $RENDER (GPU Network)

A decentralized GPU network where users can connect to idle GPUs to complete rendering tasks to earn tokens.

Total number of nodes: 3783

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 data to the map.

Total number of nodes: 153, 192

MC $169 million, FDV $459 million

4. DePHY (Infrastructure)

An integrated DePIN framework that simplifies the development of DePIN projects.

5. HajimeAI (AI Sidechain)

A Solana AI sidechain dedicated to bringing Multi-Agent to the chain to meet any users intentions. Users can connect to the network and become nodes to provide computing assistance for AI Agent reasoning and training.

Polygon - DePIN Most Active

1. DIMO (vehicle sensor)

A decentralized car data network where users can create and share verified vehicle data streams and earn tokens

Total number of nodes: 109, 205

MC $32.9 million, FDV $139 million

2. WIFI Map $WIFI (WiFi hotspots)

A network of WiFi hotspots where users can earn tokens by contributing WiFi.

Total number of nodes: 15 million (itself a WIFI key product of Web2)

MC: $11.13 million, FDV: $36.27 million

3. Geodnet $GEOD (Geographic Data Network)

A geodata network where users can connect rooftop GNSS antennas to earn rewards for use cases such as agriculture, transportation, and geospatial data products.

Total number of nodes: 8719

MC: $20.77 million, FDV: $141 million

Invested by well-known VCs such as Pantera and VanEck.

👀 Arbitrum - Veteran dApp

1. Livepeer $LPT (Video Streaming)

An established decentralized video streaming network where nodes contribute their CPU/GPU resources and network bandwidth to companies that want to add live or on-demand services to their products, thereby earning tokens

Total number of nodes: 100. Ordinary users can stake tokens at the nodes to earn income.

MC/FDV $483 million

2. Wicrypt $WNT (WiFi)

A WiFi sharing platform where users buy dedicated devices to share WiFi and earn tokens.

Total number of nodes: 1832

MC $1.49 million, FDV $7.12 million.

👀 IoTex - Sensor-driven

1. Wayru (WiFi)

A decentralized WiFi network where users can purchase dedicated equipment or use off-the-shelf WiFi equipment to set up nodes through the WayruOS system, share WiFi and earn tokens.

2. Inferix (GPU Networking)

A decentralized GPU network where users can share idle GPU computing power and earn tokens.

Total number of nodes: 1533

3. PowerPod (electric vehicle charging station network)

A decentralized charging station network where users purchase charging equipment and share to earn tokens. The official version is not yet online.

4. Network 3 (AI Network)

A decentralized AI network where users can share bandwidth, computing power, and data sets to provide inference, fine-tuning, and training services for AI models, thereby earning tokens. Currently in testing.

👀 Peaq - Many innovative use cases

1. Natix (Map)

A decentralized camera network that aims to build a real-time world map where users can download dedicated camera apps to collect geographic images to earn proxies.

MC: $19.18 million, FDV: $118 million

2. Silencio (Environmental Sensor)

A global network for measuring noise pollution, where users can get token rewards by measuring the noise pollution around them through their mobile phones.