The latest data shows that more than half (57.5%) of DePIN projects choose to launch on Ethereum, highlighting Ethereum's dominance in this growing field. Ethereum's mature infrastructure and widespread use of smart contracts make it an ideal choice for DePIN projects.
DePIN projects use blockchain technology and token incentives to promote the development of physical infrastructure, including but not limited to data storage, computing power, wireless connectivity, etc. These projects allow individuals and businesses to share resources such as storage space, computing power or wireless coverage in exchange for cryptocurrency rewards through distributed networks.
Ethereum's EVM (Ethereum Virtual Machine) compatible chain dominates the DePIN field, allowing projects to easily deploy smart contracts and applications on multiple blockchains. This is critical for DePIN systems that rely on decentralized networks to maintain physical infrastructure. The compatibility of EVM chains makes them attractive to developers who want to build scalable, secure, and interoperable systems.
Successful cases of the DePIN project include Filecoin, Render Network, and Helium. Filecoin reduces reliance on centralized servers and improves network security by creating a decentralized storage market that allows users to rent out their unused storage space to others. Render Network focuses on GPU rendering, providing large-scale rendering capabilities through a distributed network, which is particularly important for industries such as visual effects, games, artificial intelligence, and virtual reality.
As the DePIN project develops, we can foresee that by 2024 and beyond, the application prospects of decentralized infrastructure will be more extensive, and may expand to areas such as energy (such as decentralized power grids), transportation (such as decentralized ride-sharing services), and even healthcare (such as decentralized data management).
In general, the launch and development of the DePIN project on ETH not only demonstrates the application potential of blockchain technology in the real world, but also provides new directions and opportunities for the development of future infrastructure. #Depinè”é #DePINéĄčçź #depin #ETHđ„đ„đ„đ„ #render
