Recently, the Helium project in the Solana ecosystem has become very popular, and the price of its token MOBILE has skyrocketed from US$0.00028 at the beginning of the month to a high of US$0.007, an increase of 2,400%.

Helium has successfully emerged as a dark horse in the hot BTC inscription narrative with DePIN. According to the data provided by Messari, it can be seen that in the past 7 days, most of the projects that issued tokens in the DePIN track have increased to varying degrees:

DePIN is also on the list of 2024 trends released by major institutions or individuals:

Messari Crypto Theses 2024: I like DePIN (Physical Infrastructure Networks), DeSoc (Social Media), and DeSci (Yeah, science!), because they feel like they will be less driven by rampant speculation and are all oriented around solutions critical to our industry well beyond finance.

Coinbase 2024 Crypto Market Outlook: We are specifically focused on decentralized physical infrastructure networks (DePIN) and the related concept of decentralized compute (DeComp). Both DePIN and DeComp utilize token incentives to drive resource creation and consumption for real world constructs. 

Pantera Capital partner Paul Veradettakit released six major predictions for the crypto industry in 2024, including: 1. The resurgence of Bitcoin and "DeFi Summer 2.0"; 2. Tokenized social experience for new consumer use cases; 3. Increased TradFi-DeFi bridges such as stablecoins and mirror assets; 4. Modular blockchain and zero-knowledge proof fusion; 5. More computationally intensive applications on the chain, such as AI and DePIN; 6. Public chain ecosystem integration and the "hub and spoke" model of application chains.

It can be seen that DePIN is not only a track that cannot be ignored in this cycle; in the next cycle, it is also a track that many institutions are betting on or optimistic about.

Judging from the secondary market performance above, perhaps we have missed the good opportunity to layout the DePIN track in this cycle, but we can wait for the next cycle:

What other potential projects are there in the DePIN track?

Filecoin 

Filecoin is the world's largest distributed storage network, with more than 3,800 storage providers contributing more than 17M TB of storage capacity. Filecoin was founded in 2017 and is a long-established project with the vision of bringing open, publicly verifiable features to the three core pillars that support the data economy: storage, computing, and content distribution. The current market value has reached 2.6B.

Akash Network

Akash Network is an innovative decentralized cloud service network composed of various cloud service providers. Its core function is to aggregate the cloud computing resources of these providers and provide developers with the required cloud computing capabilities at a lower cost. This decentralized approach not only makes services more efficient but also significantly reduces costs. The current market value of Akash Network reaches 573M.

CESS

Cumulus Encrypted Storage System (CESS) is a secure, efficient, open source, scalable data value interaction network based on blockchain technology. It supports large-scale commercial storage and provides the best solution for the storage and retrieval of high-frequency dynamic data in Web3.

Recently, CESS officially announced plans to launch the project token in the spring of 2024. There is currently an activity on TaskOn, you can participate, the task is relatively simple:

At the end of 2022, Messari defined the DePIN track for the first time, believing it to be "one of the most important areas of crypto investment in the next decade." Carrying huge expectations, DePIN finally ushered in an explosion after nearly a year of silence: Now, the track's market value has reached 12 billion US dollars. According to Messari estimates, by 2028, it is expected to reach 3.5 trillion US dollars.

This early-stage track has already made its mark in this cycle. I believe that at the beginning of the next cycle: in 2024, DePIN will also be able to respond to new expectations. What we need to do is no different from the previous strategy: ambush and then wait patiently.