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Key Takeaways
Which DePIN mission has the bigger person base on Solana?
Helium, due to thousands and thousands of migrated hotspots and robust Helium Cell adoption.
Which mission reveals greater buying and selling exercise?
Render posts greater buying and selling volumes and quicker Token Turnover.
Helium [HNT] and Render [RNDR] have change into the 2 loudest names in Solana’s [SOL] DePIN push. One is constructing a community-run wi-fi community, and the opposite is pushing decentralized GPU energy.
Each are rising quick, each are drawing in new customers, and each declare to be the way forward for real-world infrastructure on-chain. Which of those fashions is displaying extra energy?
Helium by the numbers
Helium is without doubt one of the earliest and strongest DePIN tasks, constructing decentralized wi-fi networks for IoT and 5G. A significant turning level got here in April 2023, when thousands and thousands of Helium hotspots migrated to Solana.
Since then, Helium Cell has change into its largest development engine, providing $20 limitless information plans and rewarding customers for serving to broaden protection.
With assist for various community sorts and a partnership with AT&T for nationwide service, Helium is an influence participant.
Supply: Token Terminal
Token Terminal information confirmed that Helium’s market cap and buying and selling quantity have fluctuated during the last three years, with spikes throughout main community occasions.
Supply: Token Terminal
Income and Charges have steadily grown, particularly by means of 2025, whilst Energetic Addresses have step by step declined.
Supply: Token Terminal
A take a look at Render
Render Community is a world market for GPU energy, letting individuals hire out their unused computing assets to creators and builders. Transferring from Ethereum [ETH] to Solana made the system quicker and cheaper to make use of, particularly for fixed small funds throughout rendering jobs.
At its peak, Render earned about $746,000 in month-to-month income.
Supply: Token Terminal
Token Terminal information confirmed Render’s market cap and buying and selling quantity rising throughout late-2023 and early-2024, adopted by a gradual cool-down.
Community exercise can be much like this sample, with spikes in Energetic Addresses throughout main utilization intervals earlier than settling into decrease ranges by means of 2025.
Supply: Token Terminal
When positioned subsequent to Helium, Render’s person base was far smaller. Even so, its buying and selling quantity and Token Turnover remained considerably greater, signaling stronger hypothesis and quicker liquidity biking.