Strong Machine Onboarding Growth Records 789% Boost in Q1 2025 by peaq
Peaq, a Polkadot-secured rollup, is dominating the machine economy, following its mainnet launch in November 2024. According to the Q1 2025 report, Peaq has experienced a jaw-dropping growth in various aspects, solidifying its position as the foundation layer of the machine economy.
Machines Going Crazy for Peaq!
Peaq reported an impressive 789% quarter-over-quarter increase in daily new machine addresses, jumping from 2,654 in Q4 2024 to a whopping 23,603 in Q1 2025. This growth can be attributed to rapid adoption from machine-native DePINs like Silencio and Teneo. These projects integrated real-world devices that autonomously interact on the chain. Users have also mirrored this trend, with the average number of daily active addresses skyrocketing by 256.7%, reaching 22,738. The surge in daily transactions reached 77,386, marking a 32.5% increase. This explosion was primarily driven by the Get Real Campaign Beta, which incentivized humans and machines through token rewards and gamified quests.
Rollin' in the Dough
Peaq's protocol revenue soared by a staggering 350%, totalling around $33,300 for Q1. The revenue more than doubled month-over-month from February to March, mirroring the rising network activity and microtransaction volume. Peaq's cost-effective fee structure charges just $0.00025 per transaction, allowing for a stable and scalable user interaction. However, Peaq's market cap saw a 74.2% decline, falling from $347.5 million to $89.8 million. This drop coincided with the unlocking of early campaign tokens and a 14.5% increase in circulation supply.
All Hands on Deck (and Machines)!
Still in fundraising mode during Q1, Peaq managed to raise over $4 million across projects like XMAQUINA, Teneo, and Combinder. This indicates continued institutional confidence. The ecosystem ended the quarter with 49 active DePINs, with Peaq expanding its validator set from 32 to 48 active validators, representing 41.2% of total token issuance. The network operates on a Nominated Proof-of-Stake (NPoS) model with disinflationary tokenomics.
Ready, Set, Unlock!
During Q2, 279.4 million PEAQ tokens are set for unlocking. This includes investor allocations, community rewards, and network security incentives. Following the unlocking, the circulating supply will exceed the current 14.5% of the 4.2 billion genesis total. With robust infrastructure for DePIN, Decentralized Physical AI (DePAI), Machine DeFi, and tokenized machine-based RWAs, Peaq is primed to be the engine of the machine economy.
Keep in mind, as of May 12, 2025, Peaq (PEAQ) is priced at $0.1735. Peaq's focus on DePIN applications and the machine economy positions it for significant growth in the upcoming year. However, market volatility and investor interest can impact its success. The integration of AlphaAI, expected to begin in August 2025, is expected to enhance Peaq's capabilities in the machine economy, potentially increasing user and machine engagement.
Sources:1. https://www.cryptocompare.com/coins/peaq/forecast/yearly2. https://i.redd.it/wx3ztxwuoq161.png3. https://peaq.io/4. https://twitter.com/PeaqFoundation/status/15236718483614873625. https://bitrue.com/project/PEAQ
- Reflecting its growth, Peaq's blockchain technology has seen a jaw-dropping 789% increase in daily new machine addresses, highlighting the decentralized scalability of the network.
- As part of Peaq's DeFI (Decentralized Finance) ecosystem, the Get Real Campaign Beta offers token rewards and gamified quests, encouraging both human and machine engagement.
- With a market cap of $89.8 million, Peaq continues to expand its validator set, now operating with 48 active validators, demonstrating its commitment to a decentralized infrastructure.
- The upcoming integration of AlphaAI, scheduled for August 2025, is expected to further enhance Peaq's technology in the machine economy, potentially driving both user and market interest.
