Analysis of Important Projects and Ecological Observations in the DePIN Track

DoubleZero: The Web3 Highway on Solana

On March 10, amid a weak performance in the overall cryptocurrency market, the DePIN newcomer DoubleZero Foundation secured a significant investment of $28 million. The project was able to attract capital interest during the market downturn for several reasons:

1. The founding team has rich experience, with successful cases in the blockchain field and extensive ecological resources. Founder Austin Federa was the strategic director of the Solana Foundation and an important promoter of the early development of the Solana ecosystem.

2. The investment lineup is strong, with top investors including the founder of Solana participating, demonstrating Solana's emphasis on the DePIN strategic layout.

3. The technical solution is leading and aims to address issues at the infrastructure layer of Web3, enhancing the smoothness of Web3 projects. DoubleZero adopts a unique double-ring architecture, which includes an outer ring for attack protection and transaction filtering, and an inner ring that processes filtered traffic through dedicated bandwidth.

The emergence of DoubleZero signifies that the Solana ecosystem is actively laying out a physical infrastructure network, potentially becoming a pioneering force in this field.

Roam: Web3 Starlink on Solana

On March 6th, the decentralized wireless network project Roam was launched on mainstream exchanges, with a circulating market value exceeding $60 million. Roam is a global seamless WiFi and eSIM connection service built on Solana, currently boasting over 2.3 million users and 2 million WiFi nodes, covering more than 190 countries.

The technical advantages of Roam include:

• Use OpenRoaming™ WiFi and eSIM technology
• Use decentralized identity and verifiable credentials to protect user privacy
• Encourage users to participate in network construction through blockchain incentive mechanisms.

The project team has been deeply involved in Web3 for many years and is skilled at quickly accumulating users through incentive models such as挂机 and sharing. Roam's predecessor, MetaBlox, was established in 2018 and underwent years of development before rebranding and migrating to the Solana mainnet in 2024.

Solana DePIN Ecosystem Observation

As of March 2025, the market capitalization of the Solana-based DePIN ecosystem has reached over $25 billion, far surpassing the scale of DePIN projects on other public chains. There are approximately 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
• Dabba Network: An emerging project focusing on the Indian broadband market

Solana's advantages in the DePIN field include:

• High performance and low-cost technical features
• Proof of History (PoH) and parallel processing capabilities
• The Solana Foundation's active support for DePIN projects

Recent Important Events in the DePIN Sector

1. IoTeX releases the 2025 development roadmap, focusing on DePIN + AI ecosystem.

2. The DePIN + AI R3al World Summit will be held during ETHDenver 2025 to discuss regulatory frameworks.

3. The Solana Foundation held a DePIN Day event in Shenzhen, with multiple ecological projects participating in the exhibition.

Recent Industry Financing Events

1. Solana ecosystem DePIN project Shaga completes $4 million seed round financing.

2. DePIN project Geodnet completed a $8 million token financing.

3. The DePIN gaming infrastructure platform Beamable has completed a $13.5 million Series A funding.

4. DoubleZero Foundation received a $28 million investment