Important Project Analysis and Industry Trends in the DePIN Field

1. Analysis of Important Projects in the DePIN Track

1. DoubleZero - A web3 highway built on Solana

On March 10, amid a weak overall cryptocurrency market, the emerging DePIN project DoubleZero Foundation secured a substantial investment of $28 million. The main reasons for the project's ability to attract such a large-scale investment include:

The founding team has extensive experience and resources in blockchain projects. Austin Federa, the founder of DoubleZero, was the strategic director of the Solana Foundation and played an important role in the early development of the Solana ecosystem. He has a close relationship with the Solana core team, laying the foundation for DoubleZero to gain ecological resources and market recognition.

The investment lineup is strong, with the founder of Solana personally involved. In addition to top venture capital firms like Dragonfly and Multicoin, Solana Ventures and the co-founder of Solana Labs are also participating as angel investors. This indicates that the Solana official places great importance on this project, potentially making it an important part of its DePIN strategic layout.

The technical solution is leading and aims to solve issues at the web3 infrastructure layer. DoubleZero adopts a unique dual-ring architecture, with the outer ring connecting to public networks for traffic filtering, while the inner ring processes core business via dedicated lines. This design is expected to significantly enhance the performance and user experience of web3 projects.

2. Roam - Web3 Version of Starlink Built on Solana

On March 6, the decentralized wireless network project Roam was listed on mainstream exchanges, with a circulating market value of over 60 million USD. The main features of the project include:

Roam is a global WiFi and eSIM connectivity network based on Solana, currently covering over 190 countries, with more than 2.3 million users and 2 million WiFi nodes.

Technically, Roam combines OpenRoaming™ WiFi, eSIM services, blockchain incentive mechanisms, and decentralized identity technologies to ensure seamless connectivity and user privacy protection globally.

In terms of operational strategy, Roam encourages users to participate in network construction through its mobile application, earning points by adding WiFi nodes, daily check-ins, and other methods, thus rapidly building its user base.

As a new player in the DePIN track, Roam has shown good development momentum. If it can continue to expand its user base and usage scenarios, it is expected to achieve greater breakthroughs in the future.

2. Solana DePIN Ecosystem Observation

As of March 2025, the DePIN ecosystem based on Solana has significantly developed, with a total market capitalization exceeding 25 billion US dollars, far surpassing DePIN projects on other public chains. There are approximately 78 DePIN projects on Solana, covering various fields such as wireless communications, computing resources, geolocation, and cloud storage.

The reasons why Solana has become the preferred platform for DePIN projects include:

• High throughput and low transaction costs
• Mature developer ecosystem
• The foundation's strong support for the DePIN project

Representative projects include Helium, Render Network, Hivemapper, GenesysGo SHDWDrive, etc. These projects have made significant progress in their respective fields, with some projects having fully diluted valuations exceeding $10 billion.

The advantages of Solana in the DePIN field are mainly reflected in:

1. Technical performance and cost advantages
2. Suitable for handling large amounts of real-time data for DePIN projects
3. Active support of the ecosystem

Based on these advantages, Solana is expected to become an important platform for nurturing the DePIN empire ecosystem.

3. Recent Important Events in the DePIN Track

1. IoTeX Releases Development Roadmap for 2025, Focusing on the Integration of DePIN and AI

2. The DePIN + AI R3al World Summit will be held during ETHDenver 2025 to discuss regulatory frameworks.

3. The Solana Foundation held a DePIN Day event in Shenzhen, with multiple ecological projects participating.

4. Recent Financing Events in the Industry

1. The Solana ecosystem DePIN project Shaga has completed a $4 million seed round financing.

2. The DePIN project Geodnet has completed a token financing of 8 million USD.

3. The DePIN gaming infrastructure platform Beamable has completed a $13.5 million Series A financing.

4. DoubleZero Foundation received $28 million investment