jakiro
Source: web3
DEPIN is a decentralized application, which aims to motivate individuals’ cooperation efforts in constructing an interconnected real -world physical infrastructure through token rewards.The abbreviation of DEPIN is “decentralized physical infrastructure network”. It uses blockchain technology to unite millions of participants, creating and supervising infrastructure that is not required to trust and does not need to be permitted by programming.
The comprehensive ecosystem covers various fields, including VPN, CDN, file storage, database and other cloud networks, as well as wireless technologies such as 5G, Internet of Things, sensor networks, and energy networks.
DEPIN has a simple and eye -catching selling point.By providing Web3 incentives, these networks effectively promoted the cooperation development and management of important infrastructure.Therefore, they are expected to surpass centralized infrastructure in terms of efficiency, elasticity and performance.In essence, DEPIN has the potential to bring significant and positive changes to the real world infrastructure pattern.
DEPIN market diversified project portfolio
In order to systematically organize a comprehensive DEPIN ecosystem, we recommend that the entire market is divided into 6 different market segments.
The market has more than 675 DEPIN, with a total market value of more than 35 billion US dollars.According to the annual revenue (ARR) on the chain, the total revenue exceeds $ 19 million.
DEPIN’s main share was built on the Ethereum blockchain, accounting for the vast majority.Considering the rapid development of the Ethereum ecosystem, a new DEPIN project is expected to occur in 2024.The proprietary native platform constitutes the second largest market value, including Bittensor, IoTA, SIA and other platforms, which is with expectations in this context.
Calculate the market:
The physical infrastructure network involves nodes, and manages the personal contribution resources of these nodes, such as storage or processing capabilities, and compensation for its contribution.
The computing market represents the most mature and successful DEPIN business model.The storage network needs to increase demand, calculating the network requires additional supply, and the search network needs to increase the density to effectively compete with Web2.
Filecoin
Filecoin is an early famous decentralized point -to -point -point infrastructure network (DEPIN) protocol, which was the first to launch ICO in 2017.As a decentralized file storage network, it uses households to share its unused computer storage and earn $ Fil.Storage providers receive $ Fil because users store files in their available space.The decentralized nature ensures the market -driven pricing.
Filecoin has found cases, including data backup of Internet archives and support for various formats in applications such as Audius and Huddle01.It is worth noting that the main decentralized exchange Sushiswap has been integrated with Filecoin and may affect the data management of the decentralized exchange.
Operating indicators include: TVL to $ 1020,000, core developers (30 days average) -44, income (30 days) -$ 228,450.
Akash network
The grand launch of Akash Network is a decentralized cloud computing market connecting providers and customers.Cloud computing is widely recognized but often misunderstood. It solves the problem of excess computing resources of major Web2 companies such as Google and Amazon.These technology giants have begun to sell excess capacity and dominate the cloud market.
Developers purchased a fixed hosting space, leaving a lot of unused.Akash intervenes, using unused global data centers to provide economic and efficient cloud computing without new infrastructure.
Akash’s efficiency has attracted blockchain verifications, and platforms such as OSMOSIS and Avalanche are using their services.Users can choose from various providers to reduce the risk of dependence on technology giants and reduce single -point failure.
Operating indicators include: transaction volume -more than 11 million US dollars, bond tokens -60.7% / $ 1371.6 billion, and the Akash Community Pool -exceeded 9.5 million US dollars.
Wireless coverage: Meitations in this field use 5G, Wi-Fi, Bluetooth or LoRa and other protocols to provide wireless network services.Each department in decentralized wireless (DEWI) operates in accordance with different economic principles.Although the mobile industry occupies a leading position in terms of currency value, fixed Internet and WIFI are in a leading position in terms of usage (measurement with Gigabit bytes and users).
Encrypted mobile virtual network operators (MVNO) use tokens to completely change the traditional wireless economic model.MVNO is responsible for obtaining and managing customer relationships, and providing compensation for wholesale network access to traditional telecommunications companies (MNO).
Helium
As a leading agreement in the field of DEPIN, Helium focuses on the connection of IoT devices.Helium was initially expanded in 2019 with a decentralized IoT connection, introducing the HELIUM hot honeycomb network.Users to install equipment at home or office can contribute to the city’s wireless connection and earn original currency $ HNT.
The diversified extension of Helium includes turning from the Internet of Things equipment network to the cellular network and the current 5G network.This extension provides an opportunity to excavate the $ Mobile tokens through operating 5G nodes and contributing to the Helium 5G mobile network.
Operating indicators include: active hotspots -more than 8,500, and employment costs -more than $ 220,000.
Wifi map
WiFi is a global popular connection agreement with billions of daily active users (DAU). It experienced a noticeable event in 2023. WiFi Map distributed to 225,000 contributors in 190 countries/regions.$ Wifi token.
The platform has more than 2 million monthly active contributions and 5 million monthly active users, and generates a $ 1 million chain of annual revenue (ARR) through the ESIM package and VPN.
Artificial intelligence wholesale data:
The integration of artificial intelligence and cryptocurrency provides another withdrawal strategy for the DEPIN sensor/data network.These networks can now use intelligent data sets through intelligence mining or participating in data computing markets instead of directly competing with upstream.
Council: https://www.chainml.net/
CouncilIt is an open source framework that is used to use the agent team in Python (will soon be in Rust) to quickly develop customized generative AI applications.It has expanded a large language model (LLM) tool ecosystem to provide high -level control for AI agents.Users can create complex agents with predictable behaviors through functions such as controllers, filters, evaluations, and budgets.
The framework is seamlessly connected to various large language models (LLM) and integrated with storage such as Langchain and LLAMAINDEX.Council’s goal is to simplify the large -scale packaging and deployment of proxy across multiple platforms. The future version will focus on enterprise -level monitoring and advanced quality control.
Bittensor: https: //bittensor.com/
BittersorIt is a decentralized network connecting the global machine learning model.Each “neuron” represents the model owned by the world’s personal models, collaborative information, similar to the cooperation of human brain neurons.
The network uses a unique blockchain architecture based on the Substrate framework, which is the same as supporting Polkadot technology.Substrate’s modular design enables Bittensor to customize its blockchain for decentralized machine learning.
Bittensor uses the consensus mechanism (POS) consensus mechanism, which is different from the traditional workingload certificate (POW) network such as Bitcoin.POS selects the verified as a tokens held by the verification and as a mortgage to provide a more energy -saving alternative.
Operating indicators include: total accounts -more than 82,000, pledge supply -89.52%, active verification -more than 45, active miners -more than 1,000.
Serve the market
The horizontal service market uses cryptocurrency incentives to obtain top global talents.These markets, whether they rely on artificial services or agency services, have performed well in two key aspects: 1) attracting and retaining outstanding talents, 2) effective adjustment of supply and demand.
The vertical service market is reshaping the zero -industrial economy established by the web2 platforms such as Uber and Doordash.Different from seniors who permanent economic value from the local economy, the Web3 platform gives local operators power by restoring ownership and control.
In 24-25, security services on the chain are expected to become obvious winners.In the previous encryption cycle, Certik created a precedent for the goals that CERTIK could achieve $ 10 billion or more on the security service market.
The sensor network plays a key role in restoring users’ ownership and control of data.Our surroundings are full of devices that constantly generate data.The sensor network collects various data from nodes (machines that can collect and process information), from traffic conditions to weather and local street images.
dimo: https: //dimo.zone/
DimoIt is a project that collects remote test data from hardware equipment connected to the vehicle.Any nodes with necessary hardware and software can be added to the network to collect information such as fuel consumption and speed.These data can be purchased by automotive manufacturers and insurance companies.For example, mobile data can provide insights on vehicle diagnosis, battery health and maintenance.The driver who transmits data will be rewarded by online native currency $ DIMO.
Operating indicators include: network vehicles -more than 39,000 vehicles; the value of all vehicles on DIMO -exceeded $ 1 billion.
Hivemapper
HiveMapper aims to create a decentralized map network, similar to decentralized Google Maps.The user purchases the driving recorder to draw a street map while driving, and the uploaded images will be converted into map data on the Solana blockchain.The driver will receive a $ Honey token reward.Although in view of Solana’s performance, $ Honey has the potential for appreciation, the cost of $ 299 may restrict global adoption, especially in developing economies.
Operating indicators include: total mapping kilometers -more than 116 million, total transactions -more than 13 million, total contributors -more than 41,000, region -more than 2,100.
Energy network
DEPIN is expected to have a significant impact on traditional industries characterized by oligopoly market structures such as telecommunications and energy.In the field of energy, the main model involves centralized power plants and usually relies on fossil fuel.Energy DEPIN breaks this status quo through decentralized energy production process and inspires individuals to contribute resources to the Internet.Incorporating smart contracts into network governance eliminates intermediary agencies, and a direct connection is established between producers and consumers in the energy market.
Entheos: https://www.entheos.network/
ENTHEOSSo that solar and wind energy operators can make full use of their uns development battery capacity.The proprietary battery management system is a key component of our entering market strategy. By effective use of a single battery, the battery life can be significantly extended by more than doubled.
Glowgreen: https://glowlabs.org/
GlowgreenIt is a kind of permanent capital tool on the chain, which aims to motivate green energy production.The solar power field distributes 100% power income to Glow Finance, and actively participate in the mining of $ GLW.Miners participated in the competition of fixed GLW emissions, of which computing power is related to the production of carbon credit.This structure establishes a self -enhancement incentive mechanism that generates carbon credit in unrealistic places in solar projects.
DEPIN investment pattern
Risk capital and investment are the key driving forces of most markets, promote the exponential growth of mature initials, and promote the emergence of innovative concepts and development in the market.
The inspection of the DEPIN venture investment market shows that the largest project has accumulated about $ 1 billion in funds.The average total investment scale of a single project in this data set is $ 81.6 million.In contrast, in the last market cycle of Defi, the corresponding indicators were 174.7 million US dollars.This difference may mean that DEPIN is currently being regarded as a less noticeable narrative, or its timing has not yet arrived.
Vanparts, which have always supported DEPIN initiative through multiple investments in the DEPIN project, are easy to identify, which shows a obvious trend.These active funds are worth noting in the leaders of Hashkey, Coinbase Ventures, A16Z and other industry leaders.
Active DEPIN funding plan
The donation plan can greatly inspire the co -founders, developers and funders of emerging projects to strengthen existing products or develop new products.The DEPIN market has also followed, and has launched a number of substantive plans dedicated to promoting the development of DEPIN product ecosystems.
1.iotex subsidy
IOTEX provides diverse development funding, including DEPIN incubators funding up to 20,000 USDT.This professional layer supports the needs of innovative projects that use real -world data to meet the needs of starting the DEPIN project or integrated data into a mature team in existing products.The incubator provides IOTEX financial support and technical knowledge to achieve breakthrough ideas.Individual developers can also obtain 2000 USDT funds for simple DEPIN concept verification.
2. PEAQ ecosystem funding plan
PEAQ recently launched the DEPIN funding plan through the PEAQ ecosystem funding plan through the PEAQ Foundation.The plan was supported by entities such as Cypher Capital and Hashkey Capital, which provided financial support for R & D and development in the Peak ecosystem.In the near future, the community will participate in the selection of funding objects through voting.Eligible projects include DEPIN, DAPP, Layer-2 applications, as well as plans to support DAPP builders, users and Layer-2 applications on the Peak network.
3. DIMO funding plan
The DIMO IGNITE funding plan acts as the catalyst of the DIMO ecosystem, and promotes the research of DEPIN through an open funding plan.Evaluation standards include:
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The use of funds is transparent: funders must provide clear implementation plans and exit standards.
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Executive ability: Those who are funded need to show their qualifications and feasible project completion plans.
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Impact: Projects should have an impact that can be measured by DIMO protocols and ecosystems, and provides lasting value after the funding period.
DEPIN market development prospects and niche opportunities
The DEPIN market is actively developing, which is characterized by a large number of new developers, projects, and subsequent emergence of emerging niche markets.We recommend researching various potential niche markets that have potential to occupy the leading position in the DEPIN market.
Combed with depin and privacy
ATOR Network uses the $ Ator to tokens, and plans to split TOR by introducing hardware relay and providing tokens to node operators in 2024.As the number of nodes on the Internet continues to increase, developers have the opportunity to create high -performance privacy -centered applications (onion services) on the ATOR platform.Digging $ Ator has the potential to become a striking consumer use case for DEPIN: users can protect their family Internet traffic by purchasing WIFI routers, and earn token in the process.Other well -known privacy DEPINS including major progress includes 0 Knowledge Network, Hopr, Session, Aeronyx, and NYM.
DEPIN and zk series
As developers create popular version of Web2 applications on the enhanced ZK infrastructure, Web3 provides a favorable opportunity for Web2 vampire attacks.In these attacks, the agreement provides token incentives to attract the user base of competitors.Unlike traditional attacks limited to data on the chain, ZK TLS achieved verified chain data for the first time with the support of advanced cryptography.This introduces a new original, because in addition to capital and labor, DEPIN can also be guided by reputation.
DEPIN and AI together
The GPU cloud verified by ZK is expected to be launched in the next 1-2 years, which will usher in the chain reasoning economy that is difficult for centralized providers to adapt.The cost of reasoning large language models (LLM) is very high, prompting custody providers to prefer smaller and more economical models.This has challenged the smart contract developers seeking artificial intelligence into the logical logic on the chain.Although ZK verification can confirm whether specific models are used for reasoning, the current implementation has increased transaction costs 75 times.Reducing these management costs is essential for the potential of artificial intelligence on the release chain.
If you need to learn more about the implementation of zero knowledge (ZK) technology in machine learning, please refer to our previous article: “Revolution of data transmission and verification: ZK + ML”
in conclusion
The number of DEPIN markets is broad, and the number of projects, developers, investors and emerging measures continues to grow.
In 2023, DEPIN witnessed an increase of more than 600,000 nodes across wireless, computing and sensor networks.In addition to the nodes displayed in the figure, many emerging DEPIN contains 100 to 500 nodes throughout the year, which shows rapid expansion by transition to 2024.
However, when checking the progress of the income on the DEPIN chain in 2023 to measure the market dynamics, it is obvious that after the peak of activities and popularity in March and April 2023, revenue subsequently declined.
The income on the chain refers to the user’s purchase and protection/burning token in exchange for products, services or products.The decline in income may originate from the decrease or price decrease.But it is worth noting that this decline rely less on market speculation.This is because most DEPIN’s income mechanism is different from the founding mechanism of DEFI, L1/L2 and Infra.
Red indicates that the ingredients are directly affected by the cryptocurrency speculative cycle, and yellow represents the ingredients related to the low speculation cycle of cryptocurrencies. Black indicates unrelated ingredients.
Assume that the income of DEPIN in the cryptocurrency speculation cycle is not significant. We can assume that the main challenge of Depin’s narrative is the emergence of large -scale adoption and the emergence of new breakthrough projects seeking integration, thereby promoting the development of the entire market.
