5 DePIN projects that are ready to surge in 2024

From decentralised file storage to distributed computation networks, decentralised WiFi infrastructure to permissionless streaming platforms - DePIN can transform the majority of centralised services worldwide.

With the industry becoming red-hot, we’ve found the top five DePIN projects ready to surge in the 2024 bull market. Three of these projects are established heavyweights ready to continue their upward momentum. The other two are up-and-coming, newly emerging projects you must keep your eyes on.

These five DePIN projects are ready to surge in 2024

1. Filecoin - A decentralised peer-to-peer file storage infrastructure.
2. Render Network - A distributed GPU rendering on the blockchain project.
3. Theta Network - A Web3 infrastructure for video streaming, AI, and entertainment.
4. Bitcoin Minetrix - A hotly trending decentralised cloud mining infrastructure.
5. eTukTuk - A revolutionary sustainable transport solution to bring EVs to developing countries.

A closer look at the top 3 DePIN projects leading the charge
Here are the top three DePIn projects that are leading the industry forward.

1. Filecoin

Spotlight Wire

Filecoin is the largest DePIN project with its $4.2 billion market cap value, putting it in the top 30 ranked projects in the entire cryptocurrency industry.

The Filecoin Network is a decentralised peer-to-peer file storage infrastructure that lets storage providers offer hard drive space for storage services. Those seeking cloud storage can utilise the storage capacity to securely store their files, with all fees paid in the native token - $FIL.

Storage providers are incentivised to store files securely and efficiently as they’re required to pledge $FIL to the network to offer storage solutions.

The project is ready to continue its surge during 2024 as many experts believe that AI companies, which require vast amounts of data storage for their datasets, will start to use the cost-effective decentralised storage network.

Filecoin has seen significant players using its service, including universities, blockchain projects, medical institutes, and the Internet Archive.

Overall, Filecoin continues to be the market leader in the DePIN space.

2. Render

Spotlight Wire

Render is a distributed GPU rendering project that allows deployers to contribute their unused GPU power to allow users to render motion graphics and visual effects.

The project seeks to open the doors to ‘near unlimited’ decentralised GPU computing power to create the next generation of 3D content online.

Those seeking cost-efficient, scalable GPU power can rent the power from the Render network by paying fees in the $RNDR token, and those providing the power are rewarded.

Render is also touted to be a major DePIN player for AI companies, which allowed it to attain a staggering $2.8 billion market cap to become a top-50 ranked project in the crypto industry.

The project also directly compliments Filecoin, and both are expected to surge in this upcoming bull run.

3. Theta Network

Spotlight Wire

Theta network is a Web3 blockchain infrastructure project for video, AI, and entertainment. The purpose-built blockchain provides a decentralised infrastructure for peer-to-peer video delivery, opening the doors to decentralised online streaming.

Viewers on Theta network are incentivised to share their excess computing power and bandwidth to form a Content Delivery Network (CDN) for video streaming and entertainment. Those providing spare bandwidth and excess computing power earn $THETA tokens.

With video streaming already taking up two-thirds of the internet’s traffic, Theta network provides the perfect solution to remove centralised CDNs from the sector, creating a perfectly permissionless DePIN network.

With a market cap of $2.1 billion, this top-50-ranked project is ready to surge in 2024.

Top 2 newly-emerging DePIN projects ready to surge in 2024

These two projects are newly emerging DePIN options ready to surge in 2024.

4. Bitcoin Minetrix
Bitcoin Minetrix ($BTCMTX) is a newly emerging DePIN project slated to change the cloud mining industry following the upcoming Bitcoin block halving.

Bitcoin Minetrix introduces a novel stake-to-mine ecosystem that makes it easier for regular users to mine cryptocurrency in a decentralised ecosystem.

Users simply have to buy and stake $BTCMTX tokens to earn Mining Credits, which can be burnt in exchange for time on the decentralised Bitcoin Minetrix cloud mining infrastructure.

Tokenising the entire process ensures that users control their funds at each step. In addition, audited smart contracts allocate mining earnings so miners can be sure they’re not left short on their expected payouts.

With $11.5 million raised in its presale, investors are backing this as a disruptive force in the mining sector - especially with the block halving coming in just a few weeks.

Investors can buy $BTCMTX on the project’s website using ETH, USDT, or a credit/debit card. It’s important to mention that its fundraising is nearly complete, so this is the final opportunity to get positioned as an early adopter.



5. eTukTuk
eTukTuk is a sustainability DePIN project that brings EV transportation modes to the developing world through its suite of EV solutions.

Alongside a groundbreaking three-wheeler EV, eTukTuk will introduce a decentralised physical infrastructure of charging stations in the region, facilitated through Territory Partners, to let drivers charge their EVs.

EV giants like Tesla have successfully pushed the sustainable transport revolution to the developed world, but the technology remains far too expensive for poorer countries.

This is where eTukTuk steps in.

The project has developed an affordable EV alternative to the legendary tuk-tuk, helping drivers make the

revolutionary switch. The innovative DePIN of charging stations rewards $TUK holders when drivers charge their vehicles, giving birth to a dynamic multi-revenue model that effortlessly balances innovation with sustainability.

$TUK can be purchased through the project’s website using ETH, USDT, or a credit card.



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