New stars rise in the DePIN track, a prosperous Solana ecosystem is expected

DePIN Project Analysis

DoubleZero: The Web3 Highway on Solana

On March 10th, as the overall cryptocurrency market showed signs of weakness, the DePIN newcomer DoubleZero Foundation secured $28 million in funding. The project was founded by former Solana Foundation strategic director Austin Federa and aims to address issues at the Web3 infrastructure level.

DoubleZero adopts a unique double-ring architecture:

• The outer ring connects to the public internet, using hardware for attack protection and transaction filtering.
• The inner ring processes filtered traffic through dedicated bandwidth lines to build consensus.

This design can significantly enhance network performance and security, providing a smoother experience for Web3 applications. The project has received support from top investment institutions including Dragonfly and Multicoin Capital, as well as participation from key figures in the Solana ecosystem.

Roam: Web3 version of Starlink system

On March 6, the decentralized wireless network project Roam based on Solana was launched on the trading platform, with a circulating market value exceeding 60 million dollars. Roam aims to provide seamless and secure WiFi and eSIM connectivity globally.

The technical advantages of Roam include:

• OpenRoaming™ Wi-Fi allows users to seamlessly switch between different networks.
• Provides eSIM services in over 160 countries
• Use blockchain incentive mechanisms and decentralized identity technology to protect user privacy

The project has accumulated over 2.3 million users and 2 million WiFi nodes, covering more than 190 countries. Roam's global布局 and user scale provide it with a competitive advantage.

The Solana DePIN ecosystem is thriving

As of March 2025, the market capitalization of the DePIN ecosystem on Solana has reached over 25 billion USD, far exceeding other public chains. Currently, there are about 78 DePIN projects on Solana, covering various fields such as wireless communication, computing resources, geolocation, and cloud storage.

Representative projects include:

• Helium: the world's largest decentralized wireless network
• Render Network: Decentralized GPU Computing Platform
• Hivemapper: Decentralized Digital Map Network
• GenesysGo SHDWDrive: Decentralized cloud storage solution

The advantages of Solana in terms of technical performance, cost, and ecosystem support make it the preferred platform for DePIN projects. The Solana Foundation has also established a special fund for DePIN to nurture more quality projects.

DePIN Industry Dynamics

1. IoTeX releases the 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, led by IOSG Ventures.

2. Geodnet completes $8 million token financing, led by Multicoin.

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

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