The rise of the DePIN track, a list of 6 noteworthy projects

As $MOBILE continues to hit new highs recently, it has completely ignited the sentiment of the DePIN market, and DePINscan data shows that the current market value of the DePIN concept market has exceeded 3 billion. In addition to Mobile, BlockBeats has put together 6 DePIN items to watch out for readers’ reference.

IoTeX（IOTX）

Unlike other DePIN projects, IoTeX, founded in 2017, is positioned as a platform designed for DePIN builders that combines fast, secure blockchain technology with the Internet of Things (IoT) and smart devices. The off-chain computing protocol W 3 bstream allows IoTeX DePIN projects to easily generate logic based on smart device data to trigger blockchain operations. The most well-known IoTeX DePIN projects include Envirobloq, Drop Wireless, and HealthBlocks.

IoTeX currently has a market cap of over $450 million, and its token is IOTX, up 21.2% over the last 24 hours, and is trading at $0.05 at the time of writing.

Hivemapper (HONEY）

Hivemapper, a mapping tool platform built on Solana, received $18 million in funding from Multicoin Capital, Solana’s founders, and others in April 2022. Users purchase Hivemapper’s dashcam, accumulate data during driving, and upload map data to get rewards. There are currently two dashcams on sale, priced at $300 and $649.

Hivemapper currently has a market cap of over $93.21 million, and its token is 52.6% of HONEY last 24 hours, trading at $0.28 at the time of writing. It is worth noting that the price of HONEY has increased by more than 15 times in the past month.

DIMO (DIMO)

DIMO is a decentralized automotive IoT platform where users purchase their products, collect and share their vehicle data to earn tokens. DIMO raised $9 million in 2022 with participation from CoinFund and others. Currently, Dimo has partnered with 9 Web2 businesses, such as gas stations, repair shops, and auto parts shops, among others, where users can use DIMO tokens to purchase services. According to the official website, DIMO currently connects more than 28,000 vehicles, with a cumulative mileage of more than 153 million kilometers.

At present, the market capitalization of DIMO exceeds $13.1 million, and its token is DIMO, which is 67.6% in the last 24 hours, and is quoted at $0.66 as of the time of writing, which has risen more than 6 times in the past month.

Streamr（DATA）

The Streamr Network is a decentralized network designed to collect and publish low-latency, real-time data streams from IoT sensors, machines, and other smart devices. Streamr Network went live in April with The Hub, an on-ramp portal for developers to create and connect to live streaming data. DIMO created one of the first open data projects on The Hub. Earlier this month, Stramr launched the Streamr 1.0 incentivized testnet.

Streamr currently has a market cap of over $40 million, and its token is DATA, up 84.1% over the last 24 hours, and is trading at $0.06 at the time of writing.

WiCrypt（WNT）

Wicrypt Network is a decentralized shared network service on Polygon that allows users to get paid while sharing WiFi. Founded in 2018, Wicrypt Network is Africa’s first blockchain-based independent Wi-Fi sharing network. According to the official website, Wicrypt has a huge platform with its own browser and storage servers, and more than 1,067 devices are running in more than 31 countries and 92 cities around the world.

Wicrypt currently has a market cap of $840,000 and its token is WNT, up 44.9% over the last 24 hours, trading at $0.4 at the time of writing.

XNET（XNET）

XNET is a decentralized, quasi-permissioned mobile operator built on Polygon, with a team with decades of experience in telecommunications, technology, and blockchain. Leveraging the CBRS spectrum, XNET is focused on building a reliable, industrial-grade, neutral host network. In addition, 40% of XNET’s all network revenue will be used to buy and burn $XNET tokens from the open market. On November 30, XNET launched the XR 560 Wi-Fi access point for $995.

The XNET token is up 24% in the last 24% and is trading at $0.01 at the time of writing.