GEODNET: The Solana-Based Global Earth Observation Decentralized Network That Surpassed Trimble in 2024

The Solana-based Global Earth Observation Decentralized Network, GEODNET, has had an exceptional growth year in 2024, with an increase of 219% in active RTK (Real-Time Kinetics) satellite miners.

Solana-based Global Earth Observation Decentralized Network (GEODNET) has had a stellar 2024, with a 219% increase in active RTK (Real-Time Kinetics) Satellite Miners, making it the largest RTK network in the world and surpassing centralized competitors like Trimble. By year’s end, GEODNET boasts over 12,000 active RTK Satellite Miners.

Crucially, GEODNET also saw a sharp rise in the value and market capitalization of its native token, GEOD. By the end of the year, the token had achieved a circulating market capitalization of $62 million, a 59% increase quarter-over-quarter and an impressive 524% year-over-year growth, bringing GEOD closer to its all-time high.

With a token price that rallied after a large unlock and a couple of new strategic partnerships, GEODNET is expanding its industry presence and setting itself up for a bright future in the decentralized Earth observation and satellite mining landscape.

Solana-based Global Earth Observation Decentralized Network (GEODNET) has had a stellar 2024, with a 219% increase in active RTK (Real-Time Kinetics) Satellite Miners, making it the largest RTK network in the world and surpassing centralized competitors like Trimble.

By year’s end, GEODNET boasts over 12,000 active RTK Satellite Miners. This landmark achievement signals the growing demand for decentralized Earth observation and real-time satellite data.

Crucially, GEODNET also saw a sharp rise in the value and market capitalization of its native token, GEOD. By the end of the year, the token had achieved a circulating market capitalization of $62 million, a 59% increase quarter-over-quarter and an impressive 524% year-over-year growth, bringing GEOD closer to its all-time high.

One of the largest token unlocks executed by GEODNET took place on December 28, 2024. It was a big one: the company released a total of 32.46 million GEOD tokens, valued at about $7.98 million. Usually, large unlocks like this create a bearish impact on a crypto project’s price due to the large influx of tokens coming into the market. But with GEODNET, the impact was positive, and clearly, that’s the type of impact we like to see when projects unlock tokens. The price of their token, GEOD, didn’t even dip. In fact, it rallied more after the event than it did before.

In 2024, GEODNET not only expanded its network and improved the performance of its tokens; it also netted a significant new pile of funding. This came in the form of a $2 million strategic funding round, led by high-profile investors like Animoca Brands and ParaFi. And what is GEODNET doing with this fresh capital? The company has a couple of plans that are mostly about further diversifying how it makes money and deepening the adoption of its technologies.

Along with the financial backing, GEODNET presented its latest product, the GEO-PULSE, a GPS receiver retailing for $149. The receiver utilizes the network’s RTK infrastructure to furnish users with navigation that is accurate to within centimeters. Cutting down on jokers like those listed above makes for an efficient tool for users that drive or urban navigate because “everyday” directions in either of those contexts have much more potential to affect lives on a wider scale than the use of GNSS under the circumstances that its specifications were meant to cover when they were first dreamed up.

At the end of 2024, GEODNET's GEOD circulating market capitalization reached $62 million, marking a 59% quarter-over-quarter (QoQ) increase and a 524% year-over-year (YoY) growth, nearing its all-time high.

The token ecosystem of GEODNET also expanded significantly. The company announced that its GEOD token would span multiple blockchain platforms, with the first additional platform being the Solana blockchain. This announcement highlighted the need for interoperability among various decentralized platforms and applications.

While the GEOD token was already being used widely in decentralized applications across the Ethereum ecosystem, this move aimed to ensure that GEOD’s utility would only grow in the future, as it could now also be utilized in applications across the Solana blockchain.

GEODNET’s presence within the geospatial and satellite sector is steadily increasing, with the company announcing two new strategic partnerships at CES 2025. The partnerships with Septentrio, a frontrunner in advanced GPS technology, and Bad Elf, a recognized provider of GPS and GN