DeCipher DePIN #03
Peaq finally launches and tons of project updates
GM DePIN Enthusiasts!
Welcome to the third edition of the Decipher DePIN Newsletter!
The past week has been an exciting one for the DePIN sector. With peaq's launch gaining significant traction, DePIN continues to grow in mindshare and adoption. Beyond this, several projects in the ecosystem have hit key milestones, marking another strong week for the industry.
If you’re reading this, congratulations—you’re still early in DePIN! Let’s dive into the latest updates and keep you ahead of the curve.
In this week’s newsletter, we cover:
Launch of Peaq
Some impressive project stats
Hot alpha for the week and things to interact with
Market This Week
This week, the market remained largely sideways, but the DePIN sector stood out with a surge in engagement and discussions. Much of the buzz centered around Peaq's launch, which brought significant attention to the space.
Peaq introduced its mainnet and token, securing listings on multiple centralized exchanges. Additionally, the first wave of projects on Peaq has started transitioning to mainnet, marking an important milestone for its ecosystem.
As we anticipated here, Peaq’s token launched with a $400M fully diluted valuation (FDV), aligning with our earlier predictions. If you’ve been following our updates on Twitter, you’ve likely benefited from our early insights—if not, now’s the time to join the conversation to stay ahead in the DePIN market.
However, the post-launch period hasn’t been without challenges. The Peaq token has seen a steady grind downward, with prices falling over 35% since launch. For holders, it’s crucial to pay close attention to the tokenomics. Over the next year, peaq’s circulating supply is expected to more than triple, presenting a risk of significant dilution. Current holders should carefully assess the supply growth and consider its impact on their position.
Beyond Peaq, the week was filled with major updates across the DePIN ecosystem, with several projects achieving important milestones. Dive into the sections below for a closer look at these developments and how they’re shaping the future of DePIN!
What you missed this week
Projects Updates
375ai, a decentralized edge data intelligence network launches its mobile app to beta testers in our Discord Server
Destra Network, a GPU marketplace launches its Beta Phase. They are offering competitive introductory pricing and usage terms with the launch.
WiFi Map surpassed 190,000,000 users worldwide and has made 1,656,636 new connections over the past week
Impossible Cloud Network, a multi-service cloud platform launches its Fandrop gamified rewards program
Coinbase launches the Crypto 50 benchmark index for digital assets. Helium and Render make it into the list.
Roam, reaches 1,000,000 registered users worldwide with its WiFi, eSIM, Map, and Rewards platform
Plural Energy, a clean energy fundraising platform completes its first clean energy investment offering raising $601k for 21 solar installations across the U.S
Dats a cybersecurity compute platform reached an incredible 570K+ Real Device IPs worldwide
Important Dates to Track
Timpi, a web index protocol will be running its synaptron node sale starting Nov 17. Synaptron nodes play a core role in data structuring and earn rewards
Fundraising
Heurist, a ZK Layer-2 blockchain network focused on democratizing AI inference by enabling serverless access to open-source AI models raises $2 Million
Top DePin Reads This Week
Fundaments of Gradient Network and its Edge Compute Network (Gradient)
Decharge and the new wave of EV charging stations and devices (DePHY)
An overview of Mawari and its upcoming node license (Mawari)
Solana DePIN deep dive by (Syndica)
An introduction to SKYX weather protocol by (Cipher Research)
Liquidity hub for DePIN with (3,3) (Loxodrome)
Content Delivery Network’s Bandwidth and Latency by (Pipe Network)
State of IoTeX Network by (Messari)
Top DePin Listens This Week
Alpha for This Week
Since you made it this far, here’s the alpha for this week:
DeNet is running its Watcher Node program, allowing mobile devices to monitor files on the network and earn rewards. Launching a free Watcher Node now will get you a discount on the upcoming Data Keeper Node sale on peaq.
ICN’s fandrop just launched and the protocol has been making good enough waves in the cloud sector. This might be a good way to get an airdrop by engaging with the protocol. The more you engage with the ICN Testnet, the more XP you earn.
That’s a Wrap for This Week’s Newsletter!
We hope you found value in this edition of the Decipher DePIN newsletter! Your engagement fuels our mission to bring you the latest insights and updates in the DePIN sector.
Make sure to follow us on X and subscribe if you’re new. We’re excited to have you with us on this journey!