Mobile is the largest Depin project on the Solana chain. Depin stands for decentralized infrastructure network, a name decided by a community vote initiated by Mesari. Depin is also a prime example of blockchain application in real life. Due to narrative fatigue with Ethereum and its high costs, many Depin projects have chosen the Solana chain. This led to Solana's price increasing from 6 USD to the current 100 USD.

Main Reasons for the 100-fold Increase in Mobile Token Price

The Mobile token is a reward token for the traditional 5G telecommunications service company, Helium Mobile. All users participating in the rewards program and providing 5G hotspots can earn $Mobile tokens as rewards whenever the hotspot is used.

Helium Mobile was originally in the IoT business. While working on IoT LoRaWAN, they realized that hotspots are essential infrastructure for IoT, so they entered the 5G mobile network space, providing 5G hotspot network services. As a large number of users share the 5G network as hotspots, 4G users don't need to upgrade their current plans to use 5G network services. After the company launched a 20 USD per month unlimited data plan in December, the number of users providing hotspots to earn Mobile token rewards increased eightfold. The price of the Mobile token also grew 24 times.

Mobile Mapping Rewards

Beyond sharing hotspots, users who provide shared hotspot data to Helium Mobile can earn an additional 20% reward through the Proof of Mapping mechanism. This data also helps other new hotspot providers understand where 5G hotspots are needed more, thus earning token rewards more easily.

This greatly reduces the cost of deploying hotspots for traditional companies, converting the points used by traditional companies into blockchain tokens for users. With the push of the bull market, those points, which were originally of little value, have become a community acknowledgment of service and assets.

Therefore, the Depin project is considered another area with huge potential in the bull market, second only to AI.