Important Project Analysis of the DePIN Track

DoubleZero - A web3 highway built on Solana

On March 10, amid a weak performance in the overall cryptocurrency market, the DePIN rookie project DoubleZero Foundation secured a massive investment of $28 million.

The DoubleZero Foundation's ability to secure this large investment during a market downturn can be attributed to the following reasons:

1. The founding team is experienced, with successful cases in the blockchain field and rich ecological resources. Founder Austin Federa served as the Strategic Director of the Solana Foundation and was one of the key drivers of the early development of the Solana ecosystem.

2. The investment team is strong, supported by top investors including the founder of Solana, demonstrating confidence in the Solana DePIN strategy.

3. The technical solution is advanced and aims to solve problems at the infrastructure level of web3, building a "highway" for web3. The project adopts a unique dual-ring architecture to improve efficiency through hardware filtering and dedicated line processing.

DoubleZero's investment is seen as an important signal for the proactive layout of the DePIN track in the Solana ecosystem. The project is expected to become a key force in promoting the development of Solana DePIN.

Roam - Web3 Version of Starlink Built on Solana

On March 6, another decentralized wireless network project based on Solana, Roam, was launched on the exchange, with a circulating market value of over $60 million, adding new momentum to the Solana DePIN ecosystem.

Roam is a decentralized wireless network project aimed at providing seamless and secure WiFi and eSIM connectivity globally. It currently has over 2.3 million users and 2 million WiFi nodes, covering more than 190 countries, and is a leading player in the DePIN space.

The technical advantages of the project include:

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

The Roam team has been deeply engaged in web3 for many years, quickly accumulating users through incentive models such as挂机 and sharing. The project originated as MetaBlox, which was established in 2018 and rebranded to Roam in 2024 while migrating to Solana, showcasing the value of long-term dedication.

Solana DePIN Ecosystem Observation

As of March 2025, the market capitalization of the DePIN ecosystem based on Solana has reached over $25 billion, far exceeding other public chain ecosystems. A DePIN empire is forming on Solana.

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, Render Network, Hivemapper, and others.

The advantages of Solana in the DePIN track include:

• High performance, low cost, suitable for DePIN projects with frequent trading
• The technical features are suitable for handling large amounts of real-time data for DePIN projects.
• The Solana Foundation actively promotes the development of the DePIN project and has established a special fund.

Solana not only relies on the Meme effect; its strong ecological foundation and technical support are also important factors. The next DePIN empire ecosystem is likely to be born on Solana.

Recent Important Events in the DePIN Track

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

2. During ETHDenver, the DePIN+AI 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 Industry Financing Events

1. The Solana ecosystem DePIN project Shaga has completed a $4 million seed round of financing.

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

3. The DePIN game infrastructure platform Beamable has completed a $13.5 million Series A financing.

4. DoubleZero Foundation received $28 million in investment.