Real-World Crypto
One of the hottest sectors of the decade will be real-world assets, including DePIN. Decentralized physical infrastructure networks comprise digital devices in multiple forms and expressions. The marriage of AI and blockchain is another significant development. However, I expect much of the fruits of this marriage to manifest in the DePIN sector. This is ushering in the age of intelligence and the Machine Economy.
Essentially, robots and machines are only leveraged by wealthy individuals and corporations. However, DePIN enables the average citizen to monetize machines. As an average Joe, you can begin putting your machines to work. By harnessing the power of DePIN, your digital devices can be transformed into Crypto-producing nodes. This, my friends, is the Machine Economy, and it is gaining traction fast! At this stage of the game, Polkadot and Solana dominate the space.
The Peaq Network is a DePIN-dedicated Layer1 built on Polkadot and boasts approximately 50 DePIN projects under its umbrella. Solana is home to multiple wireless and AI DePINs such as Grass, Gradient Network, and BlockMesh. On closer examination, it’s evident that Polkadot and Solana are dominant players in the DePIN sector. This is expected as Solana has been the top project to build on in 2023 and 2024. Polkadot has also experienced a significant increase in development.
A Gap In The Market
Many Ethereum-based projects have also migrated to Polkadot for improved scalability and inexpensive transactional throughput. In the world of DePIN and WEB3, these are essential aspects to consider. Enhancing scalability and cost efficiency is imperative for blockchain projects reliant on multi-transactional models and up-to-date data. It makes sense that Polkadot and Solana are the chains of choice for DePIN developers.
I expect this trend to continue. However, saturation always occurs, which usually opens up a window of opportunity for alternative providers. In the case of DePIN and the blockchains required to power them, alternative chains with similar benefits are likely to begin garnering attention. Cosmos is also a Layer0 and could experience an increase in DePIN development. Cardano and BSC are also viable candidates. However, I expect the frenzy to continue regarding Polkadot and Solana.
As DePIN development continues on these two dominant chains, it makes sense to watch for worthy competitors. Once an alternative chain has a handful of successful DePIN projects, you can expect increased development and creativity. However, for now, Peaq and Polkadot are ruling the roost. It’s always important to identify the next wave before the market. Early access is at the heart of any form of profitability in the Crypto space.
It’s key! If you are early, you are guaranteed to outperform or benefit more significantly than the average user or investor. It’s one of the unwritten laws experienced Crypto enthusiasts apply with determination and fervor. Gain access to as many DePIN projects as you can now, and you will be surprised by the results you will achieve. Crypto needs more long-term-minded individuals. The Irony is that eventually, it will be a requirement, not an option.
Maximizing Potential
Many consider the current bull market the final opportunity to create life-changing wealth. This is true to a point regarding Bitcoin and the altcoin index. However, savvy investors will still be able to secure enormous gains by identifying future winners within the micro-cap sector. For example, the altcoin index might realize an annual return of 150% while specific micro-cap projects rack up thousands of percent in the same time frame.
This is another reason why DePIN projects are such a good idea. It’s a case of generating effortless passive income and investment success regarding price appreciation. Many of these projects are yet to launch tokens, and they are incredibly undervalued if they have launched tokens. For example, how can the market cap of Grass be more than twice that of Peaq when Peaq houses multiple projects like Grass?
In recent months, I have written extensively about Peaq and its ecosystem. It is a Layer1 blockchain legend in the making. It is a good long-term investment, especially since PEAQ tokens can be staked, ultimately providing portfolio growth regardless of price.
Final Thoughts
I am constantly researching hot DePIN projects within the Polkadot and Solana ecosystems. My radar is always on alternative chains. I recently stumbled across a DePIN on BSC. However, I am still researching it. Sui recently launched Kage, which enables users to earn Chirp tokens.
The Chirp token recently launched and has a modest market cap of only $3 million. DePIN is a solid movement and incredibly powerful in terms of passive income. Maximizing this wave in Crypto is essential. All the best! See you next time!
Sapphire Crypto 