Peaq, a Layer-1 blockchain designed for the Machine Economy and DePINs, has surpassed 2.5 million wallets.
Author: Chirag Sharma
Written On: Tue, 11 Mar 2025 20:24:08 GMT
Peaq, a Layer-1 blockchain designed for the Machine Economy and Decentralized Physical Infrastructure Networks (DePINs), has surpassed 2.5 million wallets. This milestone showcases rapid adoption but has also sparked skepticism within the community. While some hail it as a breakthrough, others question whether the numbers are inflated.
Peaq has gained traction by tokenizing real-world assets such as:
With over 2 million users and machines onboarded in just 3.5 months, peaq has assigned 1.5 million peaq IDs, allowing seamless interactions via modular DePIN functions like Peaq ID and Peaq Pay. Projects like Silencio (noise pollution mapping) and Wingbits (aircraft tracking) highlight its real-world applications.
Despite peaq’s claims of organic expansion, X users have raised concerns about:
Critics argue that rapid wallet growth does not necessarily indicate adoption, while supporters maintain that peaq’s focus on DePINs gives it a tangible edge.
Peaq has secured $35 million from token launches and pre-launch funding, fueling speculation on whether it will become the first blockchain to reach 5 million wallets. Historically, Bitcoin and Ethereum took years to achieve such numbers, but peaq’s trajectory suggests it could set a new record.
As debates continue, peaq’s future hinges on proving its numbers reflect real engagement rather than artificial growth. Will it silence the doubters or face further scrutiny?
Wuddie Woodpegger asks if majority of these are bots or not
Simon believes that they are just starting for some big moves in the future
iWantCoinNews : “I see a future where machines are integrated into our daily lives, which is why I’m excited about $PEAQ!”
Real voices. Real reactions.
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