Curious about the $100 trillion narrative you’re hearing about in the crypto world? Well, it’s called DePIN. In the latest cycle, DePIN has become one of the most talked-about narratives in the crypto markets. But what is DePIN, and which coins in this sector are currently leading the way?
Understanding DePIN
DePIN stands for “Decentralized Physical Infrastructure Network.” The concept revolves around “using web3 incentive mechanisms to encourage communities to build decentralized real-world infrastructure networks.” Essentially, DePIN can be applied to AI, wireless networks, energy networks, or any real-world application that can be adapted to a web3 framework.
At present, the DePIN sector has “a market cap of around 29 billion dollars.” According to a report by Messari, “the sector could add 10 trillion dollars to the global GDP in the next decade and another hundred trillion in the decade after that.” These are indeed bullish numbers that have attracted investor attention.
Top Coins in the DePIN Sector
Peak Network
Peak Network is designed as a layer one blockchain specifically for the DePIN sector. It “can process up to 100,000 transactions per second,” which is crucial for a network aiming to handle vast numbers of connected devices. The transaction fees are as low as 0.0025 cents, making it an attractive option for developers.
Peak Network has gained significant traction, securing over $20 million in the “largest CoinList launch in the last two years.” Additionally, MasterCard has chosen Peak Network for its Start Path program, indicating strong institutional interest in its potential.
Natic
Natic presents a groundbreaking idea where users can “monetize your travel every time you get in the car and drive around.” Natic is a massive AI camera network, and “anybody with a smartphone can join.” This eliminates the need for specialized equipment, making it accessible to a broad audience.
Natic’s potential lies in its user base, considering that “there are about 7 billion smartphone users globally.” This offers a massive pool of potential participants, enhancing the network’s data accuracy and importance.
Render
Render is a multi-narrative project with a market cap exceeding 4 billion dollars. It connects owners of idle GPU computing power with users in need, spanning tasks from basic artist rendering to AI applications. As its creator puts it, “market research firms expect the cloud computing market to reach 1.44 trillion by 2029,” and platforms like Render aim to capture a slice of this market.
Edge Matrix Computing (EMC)
Just like Render, EMC allows GPU owners to contribute their resources in exchange for EMC tokens. Their mainnet is set to launch soon, and the project still has “a very small market cap,” making it a potential high-growth investment.
WiFi Map
WiFi Map aims to “connect users to free Wi-Fi in over 200 countries.” It serves as a giant search engine for Wi-Fi hotspots, rewarding users with WiFi tokens for contributing data. The founders believe in universal access to free and secure internet, a mission that resonates widely in today’s connected world.
Conclusion
DePIN represents a promising intersection of the physical and digital worlds, encouraging the development of decentralized networks that provide tangible utility. As new projects emerge and existing ones grow, the potential for significant economic and technological impact becomes clearer. Someday, we might all be connected through these networks, underlining the vast utility that the crypto industry can offer.