peaq

Modular Functions for DePINs

The platform provides a suite of modular functionalities tailored for DePIN use cases, including data verification, machine payment processing, secure data storage, and real-time data indexing. These tools streamline the development and deployment of decentralized applications, reducing complexity for teams working on Web3 machine ecosystems.

Interoperability

peaq is designed for seamless interaction with major blockchain ecosystems, including Polkadot, Ethereum, Solana, and Cosmos. Its bridging infrastructure connects with over 30 blockchains, facilitating cross-chain operability for machine identities and data exchanges.

Ecosystem and Adoption

peaq powers an expansive ecosystem, supporting over 50 DePINs across industries such as transportation, agriculture, cybersecurity, and gaming. Notable projects leveraging peaq include:

• Silencio: A global noise pollution monitoring app with over 425,000 users in 180+ countries.
• MapMetrics: A drive-to-earn platform with tens of thousands of active drivers reporting real-time traffic updates.
• Farmsent: A network enabling farmers to manage produce distribution autonomously.
• DATS: A cybersecurity platform enhancing online safety for over half a million users.

These projects highlight the versatility of peaq’s infrastructure in fostering decentralized machine networks.

Tokenomics

The $PEAQ token is the native utility asset of the peaq network, enabling transactions, governance, and staking. Token holders can vote on network upgrades, machine subsidies, and protocol developments. Its role is central to maintaining network security and incentivizing ecosystem participation.

Recent Developments

In November 2024, peaq achieved a major milestone by launching its mainnet, initiating a new era for the Machine Economy. This launch was accompanied by the listing of $PEAQ on multiple cryptocurrency exchanges, solidifying its presence in the Web3 landscape. With its innovative vision and strong ecosystem, peaq positions itself as a leader in enabling decentralized networks for machine operations.