The Solana DePIN ecosystem gained traction in H1 2024, reinforcing Solana's undisputed position in the category.
by crypto analytics provider Flipside, the growth isn’t restricted to Render but was evident across the Solana DePIN sector in the first half of 2024 .
“With advantages in retail liquidity, speed, scalability, cost, and mindshare, Solana has become a natural choice for many web3 projects, including the DePIN category.’According to the Flipside report, four major DePIN sub-categories have matured within Solana – compute, connectivity, data/sensor, and storage networks.
Render offers a Web 3 alternative to AWS or Google Cloud through its peer-to-peer compute power marketplace. Per the report, Render pivoted to AI/Machine Learning and could be an outlier in the segment if the AI narrative extends.“As global GPU demand continues to outstrip supply, investment in, and adoption of, decentralized compute solutions will likely outpace other DePIN sectors.
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