Analysis of Important Projects and Industry Trends in the DePIN Track

DoubleZero: Builder of the Highway in the Solana Ecosystem

On March 10th, a DePIN project named DoubleZero Foundation received $28 million in investment, attracting attention in the industry. The project has the following highlights:

1. The founding team has a strong background. Founder Austin Federa was the Strategic Director of the Solana Foundation and has a close relationship with the Solana core team.

2. The lineup of investors is impressive. It includes top VCs such as Dragonfly and Multicoin Capital, as well as internal forces from the Solana Labs founders.

3. Leading technical solutions. DoubleZero adopts a dual-ring architecture, improving transaction processing efficiency through dedicated hardware and bandwidth lines, aiming to address the bottlenecks in Web3 infrastructure.

The emergence of DoubleZero marks that the Solana ecosystem is actively laying out a physical infrastructure network, which is expected to become an important force in promoting DePIN development.

Roam: The Rise of the Web3 Version of "Starlink"

On March 6, another decentralized wireless network project based on Solana, Roam, was launched on the exchange. Roam aims to provide seamless global WiFi and eSIM connectivity, currently having 2.3 million users and 2 million WiFi nodes, covering over 190 countries.

The technical advantages of Roam include:

• Achieve seamless connectivity across networks using OpenRoaming™ WiFi and eSIM technology.
• Use blockchain incentive mechanisms to encourage users to contribute network resources.
• Protect user privacy through decentralized identity and verifiable credentials

The Roam team has been deeply involved in Web3 for many years, rapidly accumulating users through incentive models such as挂机 and sharing. Although the project started in April 2024, its predecessor MetaBlox was established as early as 2018, reflecting the value of long-term commitment.

The Solana DePIN Ecosystem is Thriving

As of March 2025, the market value of DePIN projects on Solana has reached over 25 billion USD, far exceeding other public chains. 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 Mapping Network
• GenesysGo SHDWDrive: Decentralized cloud storage solution

Solana, with its high performance, low-cost technological advantages, and strong support from the foundation, is nurturing an ecosystem of the DePIN empire.

Other Industry Trends

• IoTeX releases 2025 roadmap, focusing on DePIN+AI ecosystem development.
• The DePIN+AI Summit will be held during ETHDenver to discuss regulatory frameworks.
• The Solana Foundation held a DePIN Day event in Shenzhen, with several emerging projects participating.

Recent Financing Events

• Shaga completed a $4 million seed round financing.
• Geodnet completed a $8 million token financing.
• Beamable completed $13.5 million Series A financing
• DoubleZero received a $28 million investment

The DePIN track continues to attract capital attention, with multiple projects completing financing, injecting new momentum into industry development.