Analysis of DePIN Track Development

1. Important Project Analysis

1. DoubleZero - The highway of the Solana ecosystem

On March 10th, the DePIN project DoubleZero Foundation secured $28 million in funding, making waves during a market downturn. The project has attracted attention for several key reasons:

( The founding team has a strong background. Founder Austin Federa previously served as the Strategic Director of the Solana Foundation, playing an important role in ecological development and maintaining close relationships with the core team.

)2( The investment lineup is strong. Investors include top institutions such as Dragonfly, Multicoin, as well as Solana Ventures and internal forces from the ecosystem, indicating Solana's strategic emphasis on the DePIN field.

)3( The technical solution is advanced. DoubleZero adopts a dual-ring architecture aimed at addressing bandwidth limitations and routing issues in Web3 infrastructure. The outer ring is responsible for traffic filtering and security protection, while the inner ring processes core transactions through dedicated bandwidth, enhancing network efficiency.

) 2. Roam - Web3 version "Starlink"

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

###1( Global seamless WiFi and eSIM connectivity, covering over 190 countries, with more than 2.3 million users and 2 million WiFi nodes.

)2( Technical advantages: Utilizing OpenRoaming™ WiFi and eSIM technology, combined with decentralized identity and verifiable credentials to ensure privacy and security.

)3( Operating Strategy: Encourage users to participate in network construction through incentive mechanisms to quickly accumulate network effects.

) Growth Potential: Compared to similar projects, Roam's global coverage and user scale provide a competitive advantage, and future growth potential is promising.

2. Solana DePIN Ecosystem Observation

As of March 2025, the DePIN ecosystem on Solana has scaled up, with a total market value exceeding $25 billion. The main features are as follows:

• Number of projects: Approximately 78 DePIN projects covering multiple fields such as communication, computing, positioning, and storage.
• Technical advantages: high throughput, low transaction costs, and a mature developer ecosystem attract project implementation.
• Representative projects: Helium, Render Network, Hivemapper and other leading projects have valuations exceeding ten billion dollars.
• Ecosystem Support: The Solana Foundation actively promotes the development of DePIN projects through funding and activities.

Solana's advantages in the DePIN field include technical performance, cost-effectiveness, and support for real-time data processing, making it an important platform in this track.

3. Other Important Events in the Industry

1. IoTeX releases the 2025 roadmap, focusing on the integration of DePIN and AI.

2. During ETHDenver, a DePIN + AI summit will be held to discuss regulatory frameworks.

3. The Solana Foundation held a DePIN Day event in Shenzhen to showcase ecosystem projects.

4. Recent Financing Events

1. Shaga completed a $4 million seed round financing, led by IOSG Ventures.

2. Geodnet raised $8 million in token funding, led by Multicoin.

3. Beamable completed a $13.5 million Series A funding round, led by Bitkraft Ventures.

4. DoubleZero Foundation received $28 million in investment, led by Dragonfly and Multicoin Capital.