A DePIN empire is quietly rising on Solana

Analysis of Important Projects in the DePIN Track

1. DoubleZero - The Web3 Highway on Solana

On March 10, amidst the overall slump in the cryptocurrency market, the DePIN newcomer DoubleZero Foundation secured a $28 million investment.

The main reasons why DoubleZero can attract such a huge investment during a market downturn are:

1. The founding team has rich experience and extensive resources in the industry. Founder Austin Federa served as the strategic manager of the Solana Foundation and was one of the key promoters of the early Solana ecosystem.

2. The investment lineup is strong, supported by multiple forces including the founder of Solana. This is almost equivalent to official recognition of the project.

3. The technological solution is advanced, aiming to address issues at the infrastructure level of Web3. DoubleZero adopts a unique dual-ring architecture: the outer ring connects to the public internet and performs filtering, while the inner ring processes the filtered traffic through dedicated lines. This design can significantly enhance network efficiency and security.

2. Roam - Web3 version of "Starlink" on Solana

On March 6, the decentralized wireless network project Roam was launched on mainstream exchanges, with a circulating market value exceeding 60 million USD.

Roam is a decentralized wireless network project based on Solana, aimed at providing seamless and secure WiFi and eSIM connections globally. It currently has over 2.3 million users and 2 million WiFi nodes, covering more than 190 countries.

The technical advantages of Roam include:

• Adopts OpenRoaming™ WiFi technology, supporting users to seamlessly switch between different networks.
• Provide eSIM service, access data network without traditional SIM card
• Use blockchain incentive mechanisms to encourage users to provide WiFi services.
• Use decentralized identity and verifiable credential technology to protect user privacy

Although Roam will rebrand in 2024, the team has been deeply involved in this field for many years and has rich experience.

Solana DePIN Ecosystem Observation

As of March 2025, the market value of the DePIN ecosystem based on Solana has reached over 25 billion USD, far exceeding other public chains. There are approximately 78 DePIN projects on Solana, covering various fields such as communication, computing, geographic positioning, and storage.

Representative projects include:

• Helium: The world's largest decentralized wireless network, with nearly 1 million hotspots deployed.
• Render Network: Decentralized GPU Computing Platform
• Hivemapper: Decentralized Digital Map Network
• GenesysGo SHDWDrive: decentralized cloud storage solution

The advantages of Solana in DePIN mainly lie in:

1. High performance, low cost, suitable for DePIN projects that require frequent trading.
2. Capable of processing large amounts of real-time data, providing a smooth experience.
3. The Solana Foundation actively promotes the development of DePIN projects in various ways.

Recent Important Events in the DePIN Track

1. IoTeX releases 2025 roadmap, focusing on DePIN + AI ecosystem
2. During ETHDenver, the DePIN+AI Summit was held to discuss regulatory frameworks.
3. The Solana Foundation held a DePIN Day event in Shenzhen to showcase ecological projects.

Recent Industry Financing Events

1. Solana ecosystem DePIN project Shaga completes $4 million seed round financing.
2. The DePIN project Geodnet has completed a $8 million token financing.
3. The DePIN gaming infrastructure platform Beamable completed a $13.5 million Series A funding.
4. DoubleZero Foundation received $28 million in investment.