Top Six DePIN Projects on CoinList
So much of the crypto industry lives in the ether — data moving around blockchains, price graphs, and other intangibles. But a hot emerging trend, DePIN, promises a direct tie to the real world and has VCs pumping billions into the sector.
DePIN, which stands for Decentralized Physical Infrastructure Networks, enables people to own and operate critical infrastructure like telecom networks, energy grids, transportation systems, and data storage. Today, DePIN is one of the few categories in crypto with significant product-market fit, and is currently the most in-demand category among CoinList users.
With strong incentives and rewards for participants, DePIN projects are gaining serious momentum and have reached a combined market capitalization of tens of billions of dollars in 2024.
Here are six standout DePIN projects making waves on CoinList.
1. Filecoin
About: Filecoin is a decentralized storage network that transforms cloud storage by making it more open, efficient, and secure. Built on IPFS, it allows users to store and share data with cryptographic proof of reliability. By connecting storage providers and users directly, Filecoin offers a cost-effective, decentralized alternative to traditional cloud storage while supporting a growing ecosystem of dApps.
Filecoin launched its token on CoinList in 2017, raising over $200 million from 2,100 participants.
Highlights:
- $7.2 billion market cap as of October 16, 2024
- 29 million in FIL deposits on the Filecoin Virtual Machine (FVM)
- 1.5 exbibytes (EiB) of active deals live on the network
- 53% YTD growth in storage utilization
- 21 million in FIL loans
- Recent partnerships with Storacha and Brave Wallet
2. peaq
About: peaq is a multi-chain layer one blockchain purposely built and optimized for DePIN and Machine RWA. With peaq, developers gain flexibility and access to a range of backend functionalities for DePINs and dApps, such as self-sovereign Machine IDs and role-based access control. The platform's multi-chain capabilities facilitate seamless interaction with other networks, rendering it an ideal choice for any DePIN project.
peaq launched its token on CoinList in 2024, securing $20 million from 14,500 participants.
Highlights:
- 1.3M+ devices connected
- 1M users
- 45 DePIN projects building on peaq across 20 industries
- 3 migrations to peaq from other L1s
- Recent partnerships with BloXmove, AllianceBlock, Subsquid, Ocean Protocol, and VLaunch
3. NATIX
About: NATIX Network is building an open geospatial intelligence network by utilizing proprietary AI technology and 45 billion existing cameras. NATIX’s flagship product “Drive&” uses driver assistant apps (e.g. dashcam and navigation), token incentives, computer vision AI, and smartphone cameras to crowdsource real-time data, creating an open geospatial Intelligence network that rewards users for contributing.
NATIX ran its rewards campaign and launched its token on CoinList in 2024, raising $8 million from 11,000 participants.
Highlights:
- $90 million FDV as of October 16, 2024
- 172,000 Drive& app users
- 60% increase in registered Drive& app users since token launch
- 131% increase in kilometers covered since token launch
- 85% increase in data points collected since token launch
- Recent Partnerships with Plato, Helium Mobile, Soarchain, Deeper Network, Mapbox, CUDIS, GEODNET, and Silencio
4. Koii
About: Koii’s Layer 1 leverages the core technology of Solana to build a hyper-scalable chain. K2, Koii’s blockchain, is one of the fastest chains globally, with the transaction speed of over 45,000 per second. What makes K2 unique is that the blockchain scales to include smaller devices such as laptops and mobile phones, which provide additional computation and storage. Apps built on Koii extend Smart Contracts with distributed computing capacity, reducing costs, and providing new utility for tokens.
Koii ran its incentivized testnet on CoinList in early 2024 to battle-test the network prior to mainnet launch, and bootstrap user acquisition.
Highlights:
- 670 million total transactions
- 93,000+ total nodes
- 1.5B+ transactions on K2 network in last six months
- 30K+ daily active users in apps and community channels
- Recent partnerships with Exabits, ORCA, and Adot
5. Plato
About: Plato is the first Eat2Earn consumer app with a mission to revolutionize the food economy by fixing data around food. Users contribute to a decentralized network by checking into restaurants in real life and verifying their visits with proof-of-purchase. Plato leverages its communities to collect this data and allows them to stake FAT tokens into real restaurants, creating a bounty system which allows users to onboard new restaurants to earn these bounties. As restaurants join and spend on the platform to engage with diners, those who staked earn a share of the generated revenue.
Plato ran its “Get $FAT” rewards campaign on CoinList in 2024 to bootstrap user acquisition.
Highlights:
- 15M+ restaurant locations supported
- 30,000+ registered users in past 9 months
- 50,000+ partnerships with restaurants
- Recent Partnerships with NATIX and NEAR
Join Plato’s rewards campaign »
6. DRIFE
About: DRIFE is a decentralized ride-hailing platform that utilizes blockchain technology to create a peer-to-peer network for drivers and riders. Through DRIFE, anyone can book affordable taxi rides with the industry's first “zero” commission policy, offering a more transparent, secure, and cost-effective system. This allows riders to enjoy personalized cab booking experiences, choosing drivers based on price, rating, car type, and other preferences.
DRIFE ran its “Share2Earn” rewards campaign on CoinList in 2024 to grow its network of riders and data shared.
Highlights:
- 400,000+ registered users
- 40,000+ registered drivers in India
- 1,000+ registered drivers in Dubai
- Recent Partnerships with Hydro Online, IoTeX, and GoSats
Join DRIFE’s rewards campaign »
At CoinList, we’re excited to support DePIN projects across every stage of their life cycle. To learn more about how we can best support your crypto project, reach out to us here.
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