DePIN Tokens Surge: Akash Network (AKT) and Zebec Network (ZBC) Post Massive Gains

Amidst the stagnation of Bitcoin and Ethereum, decentralized physical infrastructure network tokens have surged, with Akash Network (AKT) and Zebec Network (ZBC) posting gains of 52.4% and 38.5%, respectively. This surge coincides with UpBit's support for AKT and Zebec's integration into the Circle ecosystem, which enables seamless real-world payments using USDC.

DePIN Tokens Surge: Akash Network (AKT) and Zebec Network (ZBC) Post Monster Gains

In a market marked by relative stability for Bitcoin and Ethereum, two tokens associated with decentralized physical infrastructure networks (DePIN) have emerged as standout performers, posting impressive gains.

Akash Network and Zebec Network Tokens Soar

Akash Network (AKT) and Zebec Network (ZBC) have witnessed substantial growth in the last 24 hours. AKT has surged by a remarkable 52.4%, while ZBC has risen by an equally impressive 38.5%, according to data from CoinGecko.

At the time of writing, AKT is trading at $6.29, while ZBC is trading at $0.03473. This surge comes even as Bitcoin has maintained its position above $66,000 and Ethereum has experienced a slight decline, trading just below $3,200.

Decentralized Physical Infrastructure Networks (DePIN) Gain Traction

DePIN has gained significant attention in the crypto space recently. This concept involves leveraging blockchain technology to manage networks of physical hardware, including wireless infrastructure, servers, energy grids, and other applications.

For companies, it offers a cost-effective alternative to building their own compute infrastructure, while also mitigating the risks associated with centralizing data with cloud computing providers. Furthermore, DePIN enables individuals to monetize their idle hardware, even if it is not sufficient to operate a data center.

Akash Network Token (AKT) Boosted by UpBit Listing

AKT's recent surge can be attributed in part to its listing on UpBit, South Korea's largest cryptocurrency exchange. The listing allows users to deposit and withdraw AKT tokens, providing increased accessibility and liquidity.

UpBit has a daily trading volume of approximately $1.3 billion, making it one of the most significant centralized crypto exchanges. Its support for AKT is likely to boost the token's visibility and adoption.

Zebec Network Token (ZBC) Benefits from Crypto Degens

While the reasons behind ZBC's surge are less clear, it is likely related to the project's association with crypto degens, who are known for their affinity for highly volatile, meme-based tokens.

Zebec Network's Zebec Instant Card allows holders of meme coins, such as BasedBrett (BRETT) and TIMMI, to spend their funds in real-life transactions using a Visa card. However, it is important to note that meme coins are inherently risky, and investors should exercise caution when trading in these assets.

Zebec Network Integrates with Circle Ecosystem

Beyond the influence of crypto degens, Zebec Network has also received a boost from its integration with the Circle ecosystem. This integration allows developers to utilize USDC for real-world payments and payroll processing.

In a recent announcement on Twitter, Zebec Network disclosed that over 200 clients are utilizing its product suite to process $37 million worth of payroll for approximately 10,000 employees each month.

Conclusion

The surge in DePIN tokens highlights the growing interest in decentralized infrastructure solutions. AKT and ZBC, in particular, have gained significant traction, driven by a combination of factors including exchange listings, partnerships, and the growing popularity of meme coins.

As the DePIN space continues to evolve, it will be intriguing to monitor the performance of these tokens and the broader ecosystem they represent.