What is a DePIN? DePINs are the bridge between the physical and digital worlds. They use blockchains and provide token rewards for publicly recorded services. Imagine a decentralized physical infrastructure network (DePIN) technology, a public library where everyone can contribute or borrow books freely. In this library, blockchain is a detailed catalog of books with…

Apollo Crypto, an investment management firm specializing in digital assets, released a report highlighting the potential for a second wave of growth in decentralized finance (DeFi). A market slowdown followed the peak of “DeFi Summer” in 2020, the report noted, though protocols like Maker, Uniswap and Aave have emerged as industry staples. “As of today…

EigenLayer’s native token, EIGEN, cracked the top 100 tokens by market capitalization after commencing trading on Oct. 1, according to CoinMarketCap. The token unlocked at 5:00 am UTC and has been trading between $3.50 and $4.50 per token on Binance. According to Binance, it’s currently trading at around $3.85, implying a fully diluted value of approximately…