DePIN on Solana
DePIN (Decentralized Physical Infrastructure) has started to take off on Solana as the network's fee structure and speed can handle these networks. Notable projects include Helium (just migrated over), Hivemapper, and soon Render.
Build a DePIN dashboard covering Helium and Hivemapper, analyzing your choice of KPIs, users, and growth.
Are these networks showing signs of acceleration?
Is it true that these decentralized networks are really only possible on Solana right now?
In this analysis, the activity of the DePIN program utilization by Helium and Hivemapper has been investigated. This analysis contains various parts to evaluate the progress of this platform on Solana. Also, the activity of DePIN programs on other blockchains is analyzed. This investigation is divided into the following parts:
- Activity of Helium on Solana
- Activity of Hivemapper on Solana
- DePIN programs on the Polygon and Ethereum networks
Solana is a high-performance blockchain platform that has gained attention for its fast transaction speeds and low fees. One potential use case for Solana is the development of decentralized physical infrastructure.
Decentralized physical infrastructure would involve using blockchain technology to create a distributed network of physical assets, such as solar panels, wind turbines, and other renewable energy sources. These assets could be owned and operated by individuals or communities, rather than centralized corporations or governments.
By using blockchain technology, decentralized physical infrastructure could be more secure and transparent, with ownership and usage records stored on the blockchain. Smart contracts could also be used to automate payments and ensure that energy is distributed fairly among participants.
Overall, decentralized physical infrastructure on Solana has the potential to promote greater energy independence and sustainability, while also empowering individuals and communities to take control of their own energy production and consumption.
The data provided by Flipside has been used to handle this analysis.
- In this investigation, first of all, the activity of the Helium on the Solana has been determined.
Metrics-> Minted devices, token transfers, migrated wallets and their activity on the Solana blockchain
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After that, the activity of Hivemapper on Solana ecosystem has been evaluated. The detailed analysis related to the Hivemapper on the Solana are placed in the first paragraph of the related section.
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DePin programs on the other blockchians like Polygon and Ethereum networks have been investigated in the last section. The origin of these programs and their usage from the blockchains are demonstrated in the related section.
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Finally, draw a conclusion based on the outcomes of the previous sections and highlight the benefits of the DePIN on the blockchains.