Real-World Crypto
One of the hottest sectors of the decade will be real-world assets, including DePIN. Decentralized physical infrastructure networks are comprised of 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 40 DePIN projects under its umbrella. Solana is home to multiple wireless and AI DePINs such as Grass, Gradient Network, and Polymesh. 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 important 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. I do however expect the frenzy to continue regarding Polkadot and Solana.
As DePIN development continues on these two dominant chains it makes sense to keep watching for worthy competitors. Once an alternative chain has a handful of successful DePIN projects under its belt you can expect an increase in 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 that 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 achieve in the years to come. Crypto needs more long-term-minded individuals. The Irony is that eventually, it will be a requirement, not an option.
Final Thoughts
I am always 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. DePIN is a solid movement and incredibly powerful in terms of passive income. It’s important to maximize this wave in Crypto. See you next time!
Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.
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