What’s New in DePin? Bittensor Ranks 1st by Social Activity, WeatherXM Appears at Olympics, Hivemapper Enters Japan

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Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure.

Here’s what happened recently in the DePIN sector: Bittensor led the list of projects with the highest social activity, decentralized weather tracking network WeatherXM installed its stations around the Olympic venues, Hivemapper
and DMM Crypto started demonstration experiment in Japan.

Phoenix Names Top DePin Projects by Social Activity

Analytics platform Phoenix Group recently released a list of prominent DePIN projects based on social activity. The list includes TAO, RNDR, FIL, ICP, EGLD, WMT, DIONE, HOT, AR, and AKT. The announcement was shared on the firm’s official X (formerly Twitter) account.

Phoenix Group’s DePIN social activity list considers key indicators like engaged posts and interactions. Engaged posts track the number of posts receiving interactions within 24 hours, while interactions cover socially-driven actions such as upvotes, retweets, comments, and likes.

According to Phoenix Group, TAO tops the list with 7,200 engaged posts and 1 million interactions. RNDR ranks second with 5,800 posts and 371,500 interactions, followed by FIL in third with 5,600 posts and 558,000 interactions. ICP and EGLD complete the top five, showcasing strong community engagement.

While social activity isn’t the only metric to gauge a project’s success, it offers valuable insight into community engagement and interest. High interaction levels, like those seen in TAO, RNDR, and FIL, often reflect strong user involvement, which can drive adoption and momentum. However, other factors like technology, real-world utility, and market conditions also play crucial roles in determining long-term success.

WeatherXM Stations Appeared at Olympic Games

A decentralized weather tracking network called WeatherXM installed 40 Pulse weather stations around Olympic venues. These $900 devices reward operators with tokens while tracking crucial weather data, including precise temperatures, solar radiation, and air pressure near the competition areas.

The installation came together when Yannis Pitsiladis, a professor and member of the International Olympic Committee’s Medical and Scientific Commission, struck a partnership deal between WeatherXM and his research company Humantelemetrics. Humantelemetrics purchased 40 of the weather stations and now will receive token rewards for taking part in the network.

“A major objective of this mainly R&D partnership is to create and make universally available more innovative environmental monitoring solutions to allow the microclimate of competing athletes, officials, and even spectators to be determined in real-time and anywhere in the world where there is connectivity, with particular focus on keeping all these important stakeholders safe when operating in extreme environmental conditions,” Pitsiladis commented.

The sensors were used to track the “microclimate” to keep athletes and observers safe during “extreme environmental conditions.” So, perhaps WeatherXM stations could offer more precise monitoring on lightning storms or excessive heat.

WeatherXM is a growing player in the DePIN space. While some WeatherXM stations connect to Helium’s IoT network, the Pulse stations purchased by Pitsiladis and his company do not, according to the WeatherXM explorer. WeatherXM’s native WXM token is based on Ethereum, differentiating it from Helium’s Solana-based system.

Hivemapper Enters Japanese Market

DMM Crypto, a Japanese blockchain company founded in 2023, has partnered with Hivemapper, a decentralized mapping project, to launch a new initiative in Japan. Hivemapper uses AI-powered dashcams to crowdsource real-time map data, rewarding drivers with tokens for their contributions.

This initiative aims to improve map accuracy and support industries like cab and logistics. The project has been selected by JETRO as part of a “Web3 technology x incentive grant demonstration” aimed at addressing the shortage of drivers in the cab and logistics sectors. Under JETRO’s “Subsidy Project for Inward Direct Investment Promotion,” the collaboration seeks to drive innovation and resolve key challenges in these industries.

“DMM Crypto is an exceptional organization with a proven track record in areas essential to Hivemapper’s growth. Through our partnership, we aim to highlight the transformative power of DePIN and set the gold standard for Web3 projects in the region,” Hivemapper CEO Ariel Seidman said.

Hivemapper’s decentralized physical infrastructure network has already mapped over 15 million kilometers in just 20 months, surpassing conventional mapping services. Its data is available to support navigation services, home delivery, the real estate industry, and the safe operation of self-driving vehicles.

While DePIN is still in its early stages and has some flaws, it allows for the exchange of tokens between synthetic and real-world assets. This supports traditional infrastructure by providing last-mile coverage in areas where conventional models are not economically feasible.

The post What’s New in DePin? Bittensor Ranks 1st by Social Activity, WeatherXM Appears at Olympics, Hivemapper Enters Japan appeared first on BeInCrypto.

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