Analysis of Important Projects in the DePIN Track

DoubleZero - The Highway of Web3 Built on Solana

In the midst of the overall downturn in the cryptocurrency market, the DePIN project DoubleZero Foundation has secured a $28 million investment. The main reasons for the project's attention are:

1. The founding team has extensive experience, successful cases in the blockchain field, and rich ecological resources. Founder Austin Federa was the former Strategic Director of the Solana Foundation, facilitating the integration of USDC and USDT on Solana.

2. The investment lineup is strong, with top VCs including the founder of Solana participating. This indicates Solana's emphasis on the DePIN track.

3. The technical solution is advanced and aims to address issues at the infrastructure level of Web3. DoubleZero uses a unique double-ring architecture:

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

This design can improve transaction processing efficiency, reduce the burden on validators, and provide a smoother experience for Web3 projects.

Roam - Web3 Version of Starlink Built on Solana

Roam is another decentralized wireless network project based on Solana, currently with a circulating market value of approximately 60 million USD.

1. Roam aims to provide seamless and secure WiFi and eSIM connectivity globally, building an open wireless network. Currently, it has over 2.3 million users and 2 million WiFi nodes, covering more than 190 countries.

2. Technical Advantages:

   • Adopts OpenRoaming™ WiFi technology, supporting users to switch seamlessly between different WiFi networks.
   • Provide eSIM services, covering over 160 countries
   • Use blockchain incentive mechanisms and decentralized identity technology to protect user privacy

3. Operational Advantages:

   • The project team has been deeply involved in the Web3 field for many years.
   • Quickly accumulate users through models such as sharing incentives.
   • Originally named MetaBlox, established in 2018, rebranded to Roam in 2024 and migrated to Solana.

Ecological Observation

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

Representative projects include:

• Helium: the world's largest decentralized wireless network, with nearly 1 million hotspots covering 192 countries.
• Render Network: Decentralized GPU Computing Platform
• Hivemapper: Decentralized Digital Mapping Network
• GenesysGo SHDWDrive: Decentralized cloud storage solution
• Dabba Network: An emerging project focusing on the broadband market in India

Solana's advantages in the DePIN field:

1. High performance, low cost, suitable for frequent trading DePIN projects
2. Proof of History (PoH) and parallel processing capabilities are suitable for handling large amounts of real-time data.
3. The Solana Foundation actively promotes the development of the DePIN project and has established a special fund.

Recent Important Events in the DePIN Track

1. IoTeX releases 2025 development roadmap, focusing on DePIN + AI ecosystem
2. During ETHDenver 2025, the DePIN + AI R3al World Summit will be held to discuss regulatory frameworks.
3. The Solana Foundation held the DePIN Day event in Shenzhen, with multiple ecological projects participating.

Recent Financing Events in the Industry

1. The Solana ecosystem DePIN project Shaga has completed a $4 million seed round financing.
2. The DePIN project Geodnet completes $8 million token financing.
3. The DePIN gaming infrastructure platform Beamable has completed a $13.5 million Series A financing.
4. DoubleZero Foundation received $28 million in investment.