Analysis of Important Projects and Ecological Observations in the DePIN Track

DoubleZero - The Highway of web3 Built on Solana

On March 10th, amidst a sluggish performance in the overall cryptocurrency market, the emerging DePIN project DoubleZero Foundation secured a substantial investment of $28 million.

The DoubleZero Foundation was able to secure such a large investment during the market downturn for several reasons:

1. The founding team has rich experience, successful cases in the blockchain field, and abundant ecological resources. Founder Austin Federa served as the strategic director of the Solana Foundation and was one of the key drivers behind the early rise of the Solana ecosystem.

2. The investment lineup is strong, including top crypto investment institutions and the founder of Solana, demonstrating Solana's official support for the DePIN strategy.

3. The technical solution is advanced and aims to address issues at the infrastructure layer of Web3, allowing Web3 projects to operate more smoothly. Its unique dual-ring architecture can effectively filter out junk transactions and improve processing efficiency.

DoubleZero's goal is to increase bandwidth and reduce latency for all high-performance blockchains, paving the "information highway" for the Web3 world.

Roam - Web3 version of Starlink built on Solana

On March 6, the decentralized wireless network project Roam was launched on multiple exchanges, with a circulating market value of over 60 million USD, becoming another strong contender in the Solana ecosystem's DePIN track.

Roam is a global decentralized WiFi and eSIM connection network, currently boasting over 2.3 million users and 2 million WiFi nodes, covering more than 190 countries. Its technological advantages include:

• Adopts OpenRoaming™ WiFi technology, allowing users to seamlessly switch between different networks.
• Provide smart eSIM services, allowing access to data networks without a traditional SIM card.
• Use blockchain incentive mechanisms to encourage users to provide WiFi services or validate network performance.
• Apply decentralized identity and verifiable credential technology to protect user privacy and security

The Roam team has been deeply involved in Web3 for many years, quickly accumulating a user base through innovative incentive models. Compared to Grass, which has a market value of 600 million USD, Roam's current circulating market value of 15 million USD has significant growth potential.

Solana DePIN Ecosystem Observation

As of March 2025, the market value of the DePIN ecosystem based on Solana has reached over $25 billion, far exceeding other public chain DePIN projects. There are about 78 DePIN projects on Solana, covering multiple fields such as wireless communication, computing resources, geographic positioning, and cloud storage.

Representative projects include:

• Helium: The world's largest decentralized wireless network, with nearly 1 million hotspots deployed.
• Render Network: Decentralized GPU computing platform, supporting AI and media rendering
• Hivemapper: Decentralized digital mapping network, challenging Google Maps
• GenesysGo SHDWDrive: Decentralized cloud storage solution

The advantages of Solana in the DePIN field include:

• High performance, low cost, suitable for DePIN projects that require frequent trading.
• Proof of History and parallel processing capabilities, capable of handling large amounts of real-time data
• The Solana Foundation actively promotes the development of DePIN projects and has established a special fund.

Recent Important Events in the DePIN Track

1. IoTeX Releases 2025 Roadmap, Focusing on DePIN + AI Ecosystem
2. ETHDenver hosts the DePIN+AI Summit to discuss regulatory frameworks.
3. The Solana Foundation held a DePIN Day event in Shenzhen.

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. DePIN gaming infrastructure platform Beamable completes $13.5 million Series A funding
4. DoubleZero Foundation received $28 million in investment.