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DePin ruled Q1 this year but somehow went down and @peaq is singlehandedly bringing it up again to glory.
Let's look at Peaq in detail.
peaq is a dedicated Layer‑1 blockchain built for the Machine Economy.
Before we go deeper lets look at what machine economy is.
The machine economy we are talking about is a decentralized economic system where machines, devices, and AI agents can own wallets, perform tasks, generate income, and transact value without human involvement. To make it simpler, a good example of machine economy is having your car rent itself.
So how and where does peaq come in this?
As a layer 1, its the foudation that lets developers build DePINs, DePAIs, Machine DeFi apps, and Machine RWAs with ultra-low fees, high throughput, and plug‑and‑play functions for machines.
How do they do it?
peaq provides a blockchain platform and toolbox designed to let vehicles, robots, smartphones and IoT sensors form community‑owned networks, exchange data and value, and share revenue.
According to the team, the goal is to create the what they refer to as " Economy of Things" which is a new infrastructure layer for real‑world services where everyday machines participate directly in blockchain networks
Now I hope you understand why I say $PEAQ is carrying the whole DePin Meta by themselves.