Peaq’s Ecosystem Expands with New Projects and Integrations

The peaq blockchain network announced it surpassed 30 new project integrations in July, alongside 850,000 connected devices and $25 million in tokenized real-world assets.

This expansion highlights the growing interest in peaq’s decentralized physical infrastructure networks, affecting its native $PEAQ token and showcasing potential for further ecosystem growth.

Peaq Expands with 850K Devices and $25M in Assets

peaq’s July update announced a surge in ecosystem growth with 30 new projects. The network now connects over 850,000 devices, reflecting significant expansion in its decentralized infrastructure capabilities.

Incorporating 30+ DePIN projects, peaq achieved $25 million in tokenized assets, indicating its growing influence within the blockchain sector. These actions underscore the project’s robust development strategy.

Analysts Predict $PEAQ Token Price Increase

Industry observers note peaq’s growth could elevate its market position among blockchain networks. The expansion may positively influence the value of its native $PEAQ token. “July was another momentous month at peaq: peaq’s roadmap to launch went live, # of DePINs building on peaq passed 30, ranked #1 on fundamentals by CertiK, YOM expanded from Solana to peaq, Messari’s deep dive into peaq, peaqosystem devices passed the 800K mark.” —peaq Team, Official Team, peaq

Experts anticipate continued integration of devices and projects, backed by $25M in assets. Historical trends suggest that strategic growth can boost staking and on-chain activities.

Peaq’s Growth Compared to Solana and Polkadot

peaq’s current achievements draw comparisons to previous ecosystem expansions by platforms like Solana and Polkadot. Such milestones typically attract increased developer interest.

Analysts from Kanalcoin highlight potential for further financial gains, as seen in similar historical instances in the Layer-1 blockchain landscape.