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Solana DeFi Projects See Record High Monthly Revenue in April? Reviewing Key Projects' Performance

Solana DeFi Projects See Record High Monthly Revenue in April? Reviewing Key Projects' Performance

BlockBeatsBlockBeats2025/05/12 04:31
By:BlockBeats

In April, the Solana ecosystem's DeFiPrime track achieved a total monthly revenue of $458,000, representing a 33% year-over-year growth and marking the best performance of the year.

Original Article Title: Deep Dive: Solana DePIN
Original Article Author: Syndica
Original Article Translation: Zen, PANews


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Solana's DePIN ecosystem track revenue hit a new high from the beginning of the year to April, with a total monthly revenue of $458,000 in April, a 33% year-on-year increase, achieving the best performance of the year. This was mainly due to the stable growth of projects such as Helium, Render, Hivemapper, and XNET.


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However, the number of active contributors to the DePIN protocol actually saw a slight decline. Helium, Hivemapper, Nosana, Render, Sallar, Sourceful, and XNET together maintained approximately 87,000 active contributors.


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In April 2025, the number of small-scale DePIN protocol contributors saw a significant increase, with Nosana's growth rate exceeding 100%, while the growth of larger protocol contributors such as Helium and Hivemapper remained steady or slightly declined.


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Here is a recap of the performance of the major DePIN projects:


Dabba Network


The Dabba Network is an India-specific DePIN based on Solana, aiming to deploy Wi-Fi hotspots across India using a "hosted deployment" model in collaboration with local wireline operators to provide users with high-speed, low-cost internet access. From March to April, its cumulative data consumption surged to 8,000 TB, achieving a 2x growth; device sales during the same period increased by 29%, further expanding the network's scale.


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Helium Mobile


Helium Mobile is a mobile virtual network operator under the Helium network, combining community-deployed Wi-Fi hotspots with partner cellular base stations to provide users with low-cost mobile data and voice services.


After Helium Mobile opened up its free mobile plan to all users, the number of new subscribers surged by 125% to reach 36,000, hitting a record high. Correspondingly, Helium Mobile's revenue reached a record $250,000. The month's revenue, measured by data credits burned, grew by 34% to reach a new high of $250,000, with data offloading accounting for 79%.


(Note: When users use the mobile network, some of the traffic is "offloaded" to Helium's hotspots for transmission and billing, and this portion of traffic is referred to as "offload data.") Additionally, Helium Mobile saw a 65% increase in average daily offload subscriptions, with offloaded data volume growing by 32%, both setting new records.


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It is worth noting that since 2025, the overall number of active contributors to Helium has shown a slight downward trend, and the number of active contributors to Helium has stabilized at around 75,000.


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XNET


XNET is a decentralized mobile network built on the Solana blockchain. In April, XNET's data offloading continued to grow, with average daily offload volume increasing by another 16%, marking the eighth consecutive month of steady growth in data offloading for XNET. Additionally, despite a 6% decrease in rewards, XNET Mobile saw a 6% increase in active contributors in April, reaching 732 people, a new record high.


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Roam


In April, Roam added 535,000 new WiFi nodes (the second-highest in history) and 87,000 new users, bringing the total number of protocol nodes close to 4 million and the number of users close to 3 million. Despite a 19% decrease in monthly user check-ins, the cumulative check-in count has surpassed 300 million, demonstrating that user stickiness remains strong.


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Shaga


The Shaga protocol leverages idle GPU power to support Web3 games, currently covering 74 GPU models and providing 33.12 TB of storage and 15.27 Gbps throughput, with high-performance computing capabilities. In two months, Shaga has achieved 4,500 interactive game livestreams, totaling 50,000 hours, allowing viewers to interact in real-time and participate in the streamer's gameplay.


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Hivello


Hivello, as a DePIN aggregation platform used to monetize idle resources, saw a doubling of online hours in April compared to March, with more nodes joining the contribution network.


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Nosana


Nosana is a decentralized GPU computing network built on the Solana blockchain, focusing on providing a distributed computing power marketplace for AI inference workloads. In April, Nosana's job completion volume (In the Nosana network, whenever an AI client submits an inference request, the network assigns that request to one or more GPU nodes to execute. This entire process from initiating the computation to returning the result is referred to as a "job") and contributor rewards saw slight growth, with GPU nodes remaining stable; the newly launched Gaianet AI partnership project allows AI agents to run on the Nosana infrastructure or drive job growth.


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Sallar.io


Sallar is a protocol that incentivizes shared device computing power, particularly from smartphones, to form a distributed computing node network to support high-performance computing demands. In April, Sallar's USD rewards increased by 27% month-over-month. As a protocol for shared device computing power to complete AI tasks, the USD rewards in April increased to $11,800, with the number of active wallets remaining stable.


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Grass


Grass incentivizes participants by connecting their devices' idle internet bandwidth to the network to serve as the underlying data source for AI training, data scraping, and proxy services, rewarding them with on-chain tokens. In April, Grass's data collection volume reached a new record high of 34.5 million GB.


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Wingbits


Wingbits is a decentralized Physical Infrastructure Network (DePIN) project based on the Solana blockchain, which collects real-time aircraft data, including airplanes, helicopters, and drones, from globally deployed ADS-B hardware users and uploads this data on-chain in exchange for native token rewards. Since November 2024, the Wingbits network has increased its tracked flights to 150,000, daily data points collected to 9 billion, showing a 7% and 29% growth respectively; the number of contributing sites has also increased by 43%, reaching 3,000.


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Hivemapper


Hivemapper is a decentralized mapping network where users earn HONEY tokens by collecting street-level images through dashcams. The team continues to iterate on the product, and 20 – 30% of the monthly Beekeeper platform fees will be used to burn $HONEY or further incentivize growth.


In April, Hivemapper's monthly mapping mileage remained stable. The AI-driven fleet management platform, Beekeeper, officially launched in that month, bringing new growth momentum as more fleets join. Since February, the number of active map contributors on Hivemapper has remained steady at around 5,000.


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NATIX Network


The NATIX Network aims to collect street view and geographic data through smartphones and specialized devices to provide high-precision positioning and image support for mapping, autonomous driving, and physical AI. Participants receive token rewards for contributing data. The ecosystem remained stable in April, with user-driven mileage staying at 11 million kilometers for the third consecutive month.


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Sourceful Energy


Sourceful Energy revolves around a decentralized Virtual Power Plant (VPP) that integrates residential and commercial distributed energy resources (such as solar panels, electric vehicles, storage batteries, etc.) into the Solana blockchain network. Participants contributing power or data receive token incentives. In April, Sourceful Energy saw a 30% growth in power output. With 500 pre-orders for the newly launched Zap smart energy analytics device, the momentum is expected to continue.


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AmbiosNetwork


Ambios Network has built the world's largest-scale environmental monitoring DePIN. By deploying low-cost air quality and environmental sensors, it provides real-time, hyper-localized environmental data to support businesses, AI, and public services. Sensor owners can claim token rewards. In April, Ambios Network's cumulative user ecosystem data check-ins surpassed 2 million, with a 12% growth in ecosystem data check-ins; the platform's total user count increased to 45,000, a 2% year-on-year increase.


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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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