Cipher Research Crypto

Hivemapper is making waves in the mapping industry, claiming to map the world five times faster than Google.
Having already covered 25% of global roads, it’s becoming harder to ignore. For the skeptics, here’s why Hivemapper and its token, $HONEY, deserve your attention.
Background
We rely on maps every day, whether for navigation or gathering location-based data. While they appear free to users, businesses pay a hefty price to access them. Today’s mapping services face three major challenges:
Outdated maps – Current maps are often slow to update, making them unreliable in fast-changing environments.Expensive APIs – Businesses pay a premium for access to map APIs, adding significant costs to their operations.Limited on-the-ground info – Maps lack real-time details on road conditions or construction, which is critical for various industries.
These problems create opportunities for new solutions, and that’s where Hivemapper comes in.
Introducing Hivemapper
Hivemapper is a decentralized mapping network that allows people across the globe to contribute to the creation and maintenance of street maps.
It enables real-time, community-generated maps that provide businesses with up-to-date and accurate street-level imagery.
At its core, Hivemapper uses a novel approach to mapping. Instead of relying on fleets of expensive vehicles, the platform empowers everyday drivers to capture street-level imagery as they go about their daily routines.
And in return for this valuable data, contributors earn Honey tokens.
How Hivemapper Works
The concept behind Hivemapper is simple: anyone can capture street imagery effortlessly while driving.
But executing this on a global scale requires a sophisticated system.
The process begins with Hivemapper’s purpose-built dashcams. These are easy to install and function like standard dashcams, recording roads as you drive.
What makes them unique is their ability to upload captured imagery to the Hivemapper network weekly via the app.
Contributions aren’t limited to dashcams, though.
Users can also update maps via their phones by reporting roadwork or construction sites, helping keep maps fresh and accurate.
Additionally, contributors can assist in training Hivemapper’s AI to recognize important objects like speed limit signs and traffic signals, which improves the platform’s accuracy.
Why Hivemapper Matters
But who exactly needs Hivemapper’s maps, and why?
There’s significant demand from various sectors, including:
Businesses looking for affordable map APIs, such as insurance companies that require real-time data on ground conditions.Autonomous vehicle companies needing highly accurate and up-to-date maps for safe navigation.Consumers wanting reliable information on road conditions and potential hazards.
Hivemapper’s decentralized model also makes it cheaper and more flexible than its competitors. Traditional services like Google Maps update their imagery every one to three years, while Hivemapper can refresh data 10 to 100 times more frequently.
The Role of $HONEY
The entire Hivemapper ecosystem operates on $HONEY, a token used to balance contributors and users.
Contributors are rewarded based on the value they add to the network, with weekly rewards determined by the amount of coverage, its freshness, and quality.
Rewards aren’t equal across the board.
Mapping under-represented areas or updating information in regions that haven’t been mapped recently results in higher rewards, incentivizing contributors to expand the global coverage of the platform.
Rapid Growth
The traction Hivemapper has achieved in just two years is nothing short of impressive.
It has already mapped 27% of the world’s roads, with a staggering 16.4 million unique kilometers covered by its community across multiple countries.
What’s even more remarkable is Hivemapper’s speed in covering this ground.
To put it in perspective, Google Street View took 10 years to cover 10 million unique miles, whereas Hivemapper achieved this in just two years.
The secret lies in decentralization—over 10,000 cars contribute to Hivemapper’s network, vastly outpacing Google’s smaller fleet of specialized vehicles.
The Case for Hivemapper
At first glance, Hivemapper might seem like just another mapping company. But once you understand the vast revenue potential that maps generate, its purpose becomes clear.
Companies of all types require map APIs and on-the-ground imaging for everything from logistics to customer service. What sets Hivemapper apart is its ability to provide updated, real-time maps at a fraction of the cost of competitors like Google. And since Hivemapper’s maps are refreshed much more frequently, the value proposition is hard to ignore.
The real power of Hivemapper comes from its scalability. The decentralized nature of its network allows it to cover more area in less time, a major advantage over centralized systems.
This is where the broader concept of DePIN (Decentralized Physical Infrastructure Networks) comes into play—Hivemapper isn’t just a map service, but a proof point for how decentralized networks can revolutionize industries traditionally dominated by centralized giants.
Hivemapper isn’t stopping at dashcams. Soon, the platform will launch Beekeeper, a new fleet-focused dashcam with advanced monitoring features like AI event detection.
Beekeeper will help reduce accidents, prevent asset misuse, and optimize routes for fleets, all while contributing valuable street imagery to the Hivemapper network.
This new product could be a game changer for large fleets. With Beekeeper, fleet managers can enhance safety and efficiency while helping to expand Hivemapper’s map coverage.
Final Thoughts
With demand for real-time maps and affordable APIs continuing to grow, Hivemapper’s value proposition is incredibly strong. Its ability to scale rapidly, provide fresher data, and operate more efficiently than traditional players makes it hard not to be bullish on Hivemapper’s mission and future.
As the world continues to move toward decentralization, Hivemapper is well-positioned to become a major player in the global mapping industry, and $HONEY may be a token worth watching closely.
About Cipher Research
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Благодаря 25 миллионам долларов, полученным от таких компаний, как Paradigm, сегодня мы понимаем Vana, протокол, который создает крупнейшую в мире сеть данных, принадлежащую пользователям, для ИИ.
В мире, где такие компании, как Reddit и Google, получают прибыль, продавая ваши данные фирмам, занимающимся ИИ, Vana меняет ситуацию.
Vana позволяет вам монетизировать собственные данные и стать совладельцем моделей ИИ, которые обучаются с ее помощью. Эта новая модель пользовательских данных готова произвести революцию в том, как компании ИИ получают доступ к критически важным данным, которые им нужны, и как пользователи наконец смогут взять под контроль и извлечь выгоду из ценности своей личной информации.

$30 billion in TVL! This is the market Curvance is single-handedly going for.
The protocol is set to drive the next liquidity wars, becoming the final chess piece in DeFi
Background
The current DeFi ecosystem, despite its rapid growth, faces several inefficiencies:
Under-utilized LP Tokens: Liquidity provider (LP) tokens locked in DeFi protocols often remain underutilized while earning yield.User Navigation Challenges: Users struggle to navigate multiple decentralized applications (dApps) when chasing yield.Incentive Deployment Issues: Protocols find it challenging to deploy proper incentives across different chains.
Curvance, born two years ago, addresses these problems head-on.
The Inefficiency of Locked Tokens
One of the biggest inefficiencies in DeFi is that tokens locked in liquidity pools stay idle. When users put their capital into any Automated Market Maker (AMM) pool, they receive LP tokens, which give them rewards in fees and yield.
The same applies to liquid wrappers. However, these tokens are often not utilized to their full potential.
Introducing Curvance
Curvance is building a modular money market on top of Yield-Bearing Tokens (YBT) such as LP tokens and liquid wrappers.
This approach allows YBTs to be used as collateral for peer-to-peer (P2P) loans, enabling users to leverage their existing positions and improve efficiency.
In the background, Curvance leverages several innovations to enable this functionality:
ERC-4626 Tokenized Vault Standard (c-token): This standard allows for efficient and flexible tokenized vaults.Dynamic Interest Rate: A system that adjusts rates based on market conditions.Dual Oracle System: Ensures accurate and reliable price feeds.Custom Liquidation Engine: Enhances the stability and security of the protocol.
Loans can be taken in isolated or cross-margin setups, offering a CeFi-like experience. YBTs such as Real-World Assets (RWA), Liquid Staking Tokens (LSTs), and LP tokens can be used as collateral to borrow stablecoins in a P2P manner.
This unlocks about $30 billion in TVL that can be leveraged.
In the future, most ERC-20 tokens will be supported, depending on liquidity.
YBT's Curvance will/can support 👇
User Experience and Yield Management
Curvance not only addresses the money market for YBTs but also tackles user friction in DeFi. The protocol provides a comprehensive solution for yield and position management.
Users can:
connect to Curvance, view all assets across chainscheck if they are getting the best yieldbrowse different strategies for these assetschoose the one they feel comfortable with and zap
The All-in-One DeFi App
With both yield management and money market, Curvance becomes the main frontend for the DeFi lending and yield stack.
A dashboard with your assets, look for the best yield, zap into strategies, auto-compound, and take loans using YBT as collateral. Curvance becomes the all-in-one app for DeFi, fully multichain.
Curvance also sits at the top of the Fat-dApp thesis, aggregating a range of other dApps and providing a unified platform for DeFi users. This positions Curvance to become a significant player in the DeFi ecosystem. A powerhouse in DeFi to become.
The $CVE Token and the Curvance Flywheel
Native token $CVE stands to gain the most of Curvance's success. $CVE is set to bring in one hell of a flywheel with gauges. Curve wars focused mostly on stablecoins.
With Curvance, imagine 100s of protocols, 10+ chains all looking for users to deposit liquidity.
Multichain Gauge Voting
Curvance introduces multichain gauge voting, allowing users to lock $CVE on any chain for $veCVE, vote bi-weekly for any pool across all chains, and distribute emissions based on gauge weights. .
This system, powered by Wormhole, creates a competitive environment among different actors:
Users: Lock $CVE to get protocol fees, bribes, and voting power.Protocols: Seek power to vote for emissions towards their pools.Chains: Aim to gain governance power to attract users and liquidity.
The introduction of Curvance sets the stage for the Curvance Wars, where different entities compete for governance and liquidity. The $CVE token will play a central role in this dynamic, with its liquidity bootstrapping pool (LBP) set to launch soon.
Why I’m Bullish on Curvance
Curvance has several key strengths that make it a promising addition to the DeFi landscape:
Unlocking Untapped YBTs: By creating a money market for YBTs, Curvance taps into a vast, underutilized resource.DeFi Multichain Aggregator: The platform offers one-click zaps and a seamless multichain experience.Strong Flywheel Effect: The interest among protocols and chains for gauge emissions creates a powerful growth mechanism.Race to Lock: The competitive environment will likely create a supply shock for $CVE.
I plan to bid on $CVE during the LBP, as I believe in Curvance's potential to transform DeFi.
Conclusion
Curvance is set to become a major player in DeFi, driving the next liquidity wars and optimizing liquidity management. With its innovative approach and strong value proposition, Curvance stands to unlock significant value in the DeFi ecosystem.
As the Curvance Wars begin, the protocol's impact will be felt across the entire DeFi landscape.
About Cipher Research
Cipher Research is a leading crypto research firm focused on DeFi and DePin (Decentralized Physical Infrastructure Networks). We specialize in delivering high-quality, digestible research designed for all users—whether you're a seasoned investor or just getting started.
Check our our other writing here:
https://cipherresearch.substack.com/
https://www.cipherresearch.co/

Ever dreamt of slashing your internet by 80%?
Meet DAWN, the decentralized wireless network poised to disrupt the broadband industry and revolutionize how we access the internet.
The Stranglehold of Traditional ISPs
The internet industry is dominated by a handful of major Internet Service Providers (ISPs). These giants have established a costly monopoly, leaving consumers with high prices and limited choices.
To understand why the internet is so expensive, it’s essential to break down the supply chain:
Tier 1 Providers: These are the companies that connect global networks through subsea fiber cables.Tier 2 Providers: Internet exchanges and wholesale IP providers that manage the bulk of internet traffic.Tier 3 ISPs: These companies handle the last mile, delivering internet from local hubs to homes.
While ISPs buy internet access at relatively low prices from Tier 2 providers, they face exorbitant costs when building and maintaining the infrastructure needed to deliver internet to homes, such as laying fiber optic cables.
To cover these capital expenditures, ISPs mark up the cost to consumers significantly—by as much as 100x the wholesale price.
Enter DAWN: Decentralized Autonomous Wireless Network
DAWN, the Decentralized Autonomous Wireless Network, is set to change all of that.
Think of how solar energy disrupted the electricity market by enabling homeowners to generate their own power. DAWN applies the same concept to the internet, allowing users to buy their own bandwidth and sell any surplus.
Here’s how it works:
DAWN uses advanced wireless technology to beam internet signals through the air, significantly reducing the need for expensive fiber infrastructure.
Point-to-Multipoint Radios: These radios connect data centers and transmit internet signals over a radius of up to 5 miles.Rooftop Antennas: Similar to Starlink, these antennas receive the signals and distribute them to home routers.
To ensure widespread and reliable connectivity, DAWN employs a network of nodes that serve as relay points:
Bandwidth Nodes: Located in data centers, these nodes are the primary sources of internet bandwidth.Distributor Nodes: Positioned on building rooftops, these nodes extend the network’s reach.Routers: Installed in users’ homes, these routers not only manage internet access but also act as nodes in the decentralized network.
Each node is equipped with a Robotic Antenna System, which automatically adjusts the antennas to maintain optimal signal strength.
For homeowners, accessing cheap, wholesale internet is as simple as installing a DAWN router and a rooftop dish. DAWN’s routers are powered by high-performance x86 machines, meaning any x86 device, like a desktop computer, can function as a powerful router.
These routers not only manage your home internet but also allow you to participate in the decentralized network, offering services such as cloud storage, computing, and even AI training from the comfort of your home.
Think DePin like Akash, Filecoin and Render along with internet routing. Dawn is bringing the entire DePin infra to the end consumer and acts like a distribution layer.
Proofs of Performance and Token Incentives
To ensure the smooth operation of the network, DAWN uses Proofs of Performance, which run on the Solana blockchain.
Network performance is verified through various methods, including speed and location checks, with devices and browsers handling these tasks.
To support and incentivize the network’s operations and growth, Dawn’s native token has the following utilities:
Node Operators: Receive token incentives for their contributions.Internet Payments: Users can purchase internet access through the DAWN app using tokens.Bandwidth Management: The token allows users to manage the network’s bandwidth.Staking: Token holders can stake their tokens to earn additional rewards
Dawn features a Flexible Supply Model to support growth and tech advancements.
Proven Track Record and Ambitious Plans
DAWN isn’t just an idea—the technology has already seen significant traction. The company behind DAWN, Andrena, has achieved impressive growth using wireless technology in the Web2 space:
Service Coverage: Andrena operates in over 10 states, serving around 10,000 households.Affordable Pricing: Homeowners currently pay as little as $30 per month for internet access.
By partnering with building owners, Andrena has been able to deliver affordable internet to a growing number of users.
With DAWN, the goal is to scale this technology to the masses by leveraging the power of Web3. On the day of DAWN’s launch, the network will have access to:
Coverage: Approximately 3 million households in New York City and PhiladelphiaInfrastructure: 240 Distribution Nodes across 40 sites
I believe that once it launches, DAWN will scale rapidly.
Why DAWN is the Future of Decentralized Broadband
We’re witnessing a paradigm shift in broadband delivery, and Andrena is leading the way. You can't overlook a proven Web2 innovator making the leap to Web3, especially in a $500 billion industry.
DAWN caters to everyone: affordable broadband for consumers, plus the opportunity to sell excess bandwidth. By offering low-cost internet, DAWN integrates homes into a decentralized cloud network, allowing users to earn and greatly improving cloud distribution.
All of these combined just makes me certain Dawn will become the leader in decentralised broadband. I believe the stars are aligned for DAWN. The future is DAWN.
About Cipher Research
Cipher Research is a leading crypto research firm focused on DeFi and DePin (Decentralized Physical Infrastructure Networks). We specialize in delivering high-quality, digestible research designed for all users—whether you're a seasoned investor or just getting started.
Check our our other writing here:
https://cipherresearch.substack.com/
https://www.cipherresearch.co/

Понимание GNSS и проблемы
Глобальные навигационные спутниковые системы (ГНСС), в число которых входят GPS (США), ГЛОНАСС (Россия), Galileo (ЕС) и другие, имеют решающее значение для современной навигации.
От автономных транспортных средств до точного земледелия — эти системы используют GNSS для точного позиционирования.
Однако спутники ГНСС вращаются на высоте около 20 000 км над Землей, и при прохождении их сигналов через атмосферу они искажаются.
Это искажение может привести к ошибкам определения местоположения до 10 метров.
Для систем, требующих высокой точности, таких как беспилотные летательные аппараты, эти ошибки могут иметь катастрофические последствия.

Cars as Data Centers on Wheels
Cars today are akin to data centers on wheels, generating over 25 GB of data every hour. This data encompasses a wide range of information, including vehicle health, battery status, driver behavior, and location patterns.
However, with this wealth of data comes significant privacy concerns.
Much of this data is collected by automakers and often sold to third parties without the consent of car owners.
Many drivers have received unsolicited emails from insurance companies about their vehicles, raising concerns about privacy and data ownership.
Introducing DIMO
DIMO is an open mobility platform that empowers users to take control of their vehicle data, enabling access to various apps and services.
With $DIMO, users can choose what data to share, unlocking a range of personalized services tailored to their unique driving experiences.
The Pre-Android Era of Cars
Today's cars are similar to pre-Android phones, locked into their own ecosystems with limited utilities.
DIMO is changing the game, ushering in a post-Android era where any car—regardless of manufacturer—can access a diverse range of applications.
Why Focus on Car Apps?
Personalized data opens up endless possibilities. By leveraging DIMO’s platform, users can explore options such as custom insurance plans, vehicle financing, fleet management, and tailored racing data—none of which are feasible with today's isolated systems.
For instance, imagine being able to instantly check for car errors and share that data with a maintenance app that compares local repair quotes.
Users could also provide actual usage and health data to receive more accurate insurance quotes, turning real data into actionable insights.
The DIMO network is already supporting innovative apps and services. For example, Coverage Critic has leveraged car data to build a detailed map of cell tower connections across carriers.
Future possibilities include decentralized ride-hailing and car rental applications built on the DIMO platform.
Connecting Cars to DIMO
Cars can connect to DIMO either via hardware or software. For vehicles older than four years, a $DIMO device needs to be plugged into the OBD port, which is present in all cars.
Newer models can connect through software, with devices transmitting data using Helium and LTE networks.
Once connected, users can mint an NFT for their car, creating a unique blockchain identity that provides detailed data access and enhances transparency.
Car owners earn $DIMO tokens through a reward streak system as long as their device remains connected.
DIMO’s Impressive Traction
DIMO is emerging as a standout project in the decentralized physical infrastructure network (DePin) space, boasting over 109,000 cars connected to its network, collecting data and earning rewards.
The platform has seen significant success in North America and Europe, with Tesla recently integrating directly with DIMO.
DIMO's flywheel mechanism is highly effective. It attracts car owners with rewards, accumulates extensive car data, and enables developers to build apps using that data, all of which contribute to the network's growing value.
Users are incentivized to join and stay for the apps and utilities available.
Looking Ahead: The Next Phase
The next phase, which involves onboarding developers, is particularly exciting. We could witness a range of innovations—from generic insurance tracking apps to custom solutions for racers, as well as AI integrations and advanced mapping functionalities. With such a wealth of car data available, the possibilities are truly endless.
Applications will pay for data access, shifting the $DIMO token from a governance role to one focused on value capture.
The long-term vision includes major automakers integrating with DIMO, with Tesla already on board. This integration will further fuel DIMO's flywheel effect, cementing its position as a central hub for all car services.
About Cipher Research
Cipher Research is a leading crypto research firm focused on DeFi and DePin (Decentralized Physical Infrastructure Networks). We specialize in delivering high-quality, digestible research designed for all users—whether you're a seasoned investor or just getting started.
Check our our other writing here:
https://cipherresearch.substack.com/
https://www.cipherresearch.co/

Мир интеллектуальной собственности (ИС) вот-вот претерпит серьезные изменения, и Story Protocol находится в авангарде этой революции.
Текущая система IP сломана
Сегодняшняя среда интеллектуальной собственности неэффективна и устарела.
Процесс защиты и лицензирования интеллектуальной собственности невероятно затратен и требует дорогостоящих юридических услуг, которые выгодны только крупным корпорациям.
Для небольших творцов практически невозможно ориентироваться в этой сфере, не неся огромных затрат.
В этой сломанной системе только 1% лучших авторов могут по-настоящему преуспеть, оставляя менее успешных авторов в существенно невыгодном положении.

Фон
Sanko уходила корнями в 1980-е годы в игровую индустрию вместе с Nintendo и Sega, но сошла с карты из-за неудачных бизнес-решений. Компания выпустила несколько популярных аркадных игр в период своего расцвета, но боролась с растущим доминированием своих конкурентов. Финансовые ошибки и неспособность адаптироваться к быстро меняющемуся игровому рынку привели к ее упадку.
Перенесемся в 2022 год: команда крипто-аборигенов увидела потенциал в ностальгической ценности Sanko и решила приобрести ее активы. Они выпустили аркадные активы Sanko на блокчейне, оживив бренд в современной интерпретации. Или так гласит предание.