Share this article
Layer-1 Blockchain Peaq Raises $15M to Expand Its DePIN Ecosystem
Crypto market data provider Messari estimates that decentralized physical infrastructure networks could have a market value of $3.5 trillion by 2028.
Updated Mar 27, 2024, 2:28 p.m. Published Mar 27, 2024, 10:00 a.m.
- DePIN layer 1 Peaq raised $15 million in a funding round led by Generative Ventures and Borderless Capital.
- DePIN refers to using a blockchain to build physical infrastructure networks so other projects don't need to buy and run their own equipment.
- Peaq currently hosts more than 20 DePIN networks.
Layer-1 blockchain Peaq said it raised $15 million in funding to expand its ecosystem of decentralized physical infrastructure (DePIN) networks.
The funding round, led by Generative Ventures and Borderless Capital and featuring participation from Spartan Group, CMCC Global and Animoca Brands, comes ahead of the blockchain's mainnet launch and listing of the PEAQ token.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
DePIN refers to using blockchain technology and token incentives to build physical infrastructure networks so other projects don't need to buy and run their own equipment. In other words, DePIN is a decentralized version of Amazon Web Services (AWS) or Google Cloud.
Peaq currently hosts more than 20 DePIN networks, according to a Wednesday email statement.
Crypto market data provider Messari estimates that DePIN could have a market value of $3.5 trillion by 2028.
Read More: AIOZ Network Partners With Alibaba Cloud to Boost AI, Storage and Streaming Services
CORRECTION (March 27, 14:28 UTC): Corrects spelling of Borderless Capital in second paragraph.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Cascade Unveils 24/7 Neo-Brokerage Offering Perpetuals on Cryptos, U.S. Stocks
The platform will let retail traders use one margin account to trade round-the-clock perpetual markets.
What to know:
- Cascade has introduced a 24/7 brokerage-style app for perpetual markets spanning crypto, U.S. equities and private-asset exposure.
- The firm is pitching a single, unified margin account with direct-to-bank U.S. dollar capability for deposits and withdrawals.
- The company has raised $15 million from investors including Polychain Capital, Variant and Coinbase Ventures.
Top Stories
