The DePIN sector is developing rapidly, and Solana ecosystem projects are performing well.

Analysis of Key DePIN Projects

DoubleZero - web3 highway on Solana

On March 10, the DoubleZero Foundation secured $28 million in funding, which is quite remarkable in the current market environment. DoubleZero's core advantages include:

1. The founding team is experienced and possesses extensive blockchain project experience and ecosystem resources. The founder, Austin Federa, was the strategic director of the Solana Foundation and drove the implementation of multiple key projects.

2. The investment lineup is strong, including top VCs like Dragonfly, Multicoin, and the founder of Solana, among others. This shows the emphasis of the Solana ecosystem on the DePIN strategy.

3. The technical solution is advanced, using a dual-ring architecture to address issues at the web3 infrastructure layer. The outer ring connects to the public internet for traffic filtering, while the inner ring processes consensus building through dedicated bandwidth, enhancing efficiency and security.

Roam - Web3 version of Starlink on Solana

Roam is a decentralized wireless network project based on Solana, aiming to provide global WiFi and eSIM connectivity. Its features include:

1. Global coverage with 2.3 million users and 2 million WiFi nodes, covering over 190 countries.

2. The technical advantages are obvious, using OpenRoaming™ WiFi and eSIM technology, combined with blockchain to protect user privacy.

3. The operational strategy is appropriate, quickly accumulating users and network effects through the web3 incentive model.

The Solana DePIN ecosystem is thriving

As of March 2025, the market capitalization of the Solana DePIN ecosystem has reached over $25 billion, far exceeding other public chains. The reasons why Solana has become the preferred platform for DePIN projects include:

1. High performance and low cost, suitable for frequent trading DePIN applications.

2. The technical advantages are obvious, with PoH and parallel processing capabilities benefiting the handling of large amounts of real-time data.

3. Strong ecological support, the Solana Foundation supports DePIN projects through various means.

Representative projects include Helium, Render Network, Hivemapper, etc., covering multiple fields such as wireless communication, computing resources, and geolocation.

Industry Dynamics

1. IoTeX releases its 2025 roadmap, focusing on DePIN + AI ecosystem development.

2. During ETHDenver, the DePIN+AI Summit will be held to discuss regulatory frameworks.

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

Recent Financing Events

1. Shaga completed a $4 million seed round financing.

2. Geodnet completes $8 million token financing.

3. Beamable completes $13.5 million Series A funding.

DoubleZero received a $28 million investment.