# 2024: A Breakthrough Year for the Peaq Ecosystem
The year 2024 marked a period of remarkable growth and innovation for the Peaq ecosystem. With the launch of its mainnet, the largest-ever CoinList offering, and the introduction of over 40 new Decentralized Physical Infrastructure Networks (DePIN), Peaq has firmly positioned itself at the heart of the Machine Economy.
The Peaq mainnet launch was heralded not just as a technological milestone but as the dawn of the Machine Economy era. Peaq’s founders announced that “soon, millions of people will fundamentally change the way they interact with technology through Peaq.”
# Growth in DePIN, Node, and Staking Participation
The Peaq ecosystem has integrated a total of 54 projects in 2024, adding 41 new DePINs in just one year. This expansion has brought innovative decentralized models to 22 industries, including energy, environment, smart homes, agriculture, mobility, and AI.
The first month saw over 40,000 devices registered on-chain, showcasing the potential of the Machine Economy. Staking participation surged, with over $1 billion in $PEAQ staked within two weeks post-launch, reaching $1.39 billion currently.
# Expansion Catalysts: DePIN Fund Support and Token Launch
Peaq’s CoinList launch in May was the largest on the platform in two years, attracting 14,500 participants and raising $36 million, with $20 million secured in final funding. This launch underscored Peaq’s global potential and played a crucial role in ecosystem expansion.
Additionally, Peaq’s involvement as an anchor LP in Borderless Capital’s new $100 million DePIN fund has strengthened financial and network support for DePIN projects.
Throughout 2024, Peaq integrated various technological and financial solutions to broaden its ecosystem. The adoption of stablecoins like USDC has invigorated Machine DeFi, and collaborations with key wallet services such as Ledger and Safe have enhanced user convenience. Integration with LayerZero and Stargate has enabled liquidity and data exchange across more than 90 blockchains.
Peaq’s integrations have not only driven technological advancements but also bridged the gap between Web2 and Web3, delivering improved user experiences and efficiency.
# Innovations with Partner Projects: Enterprise Adoption and Global Collaborations
Concurrently with the mainnet launch, Peaq initiated the DePIN Enterprise Adoption Program, engaging global companies like Bosch, Bertelsmann Investments, Deutsche Telekom MMS, Lufthansa Innovation Hub, and TUM School of Management. These entities are operating network nodes and exploring the potential of DePIN models.
Peaq was also selected for Mastercard’s Start Path program, exploring new possibilities to connect existing financial infrastructure with the Web3 economy. 2024 was a year of notable achievements for DePIN projects operating within the Peaq ecosystem.
Silencio: An environmental management platform leveraging noise data, secured $2.5 million in seed funding and garnered over 400,000 users.
Farmsent: An agricultural DePIN that revolutionizes food supply chain transparency through a partnership with Asia’s largest agarwood producer.
MapMetrics: Set a new standard for traffic information by collecting location data in 167 countries.
DeNet: Established the most distributed storage network with 500,000 nodes globally.
# 2025 Kick-off: The Get Real Campaign
Peaq’s 2025 launches with the “Get Real” campaign, recognized as one of Web3’s largest reward-based initiatives. This campaign aims to demonstrate the tangible value of DePIN models and accelerate ecosystem growth, already featuring 140,000 participants who have completed 1.9 million quests.
Peaq plans to continue its Web3 innovation with various technological and ecosystem expansions in 2025, including validator node setups, native DEX launches, and AI integration.
2024 cemented Peaq’s foundation in the Machine Economy and positioned it as a leader in the Web3 industry. All eyes are on Peaq as it builds on these achievements to deliver more groundbreaking technologies and projects, solidifying its role at the center of the global blockchain ecosystem.
