Decentralized Physical Infrastructure (DePIN) is gaining attention in the cryptocurrency community as a potential game-changer. Helium, a decentralized wireless network builder based on Solana, is at the forefront of this movement. Over the past 24 hours, the native token of the protocol, HNT, has experienced a notable increase in value.

The price of Helium (HNT) surged by over 17% to reach $5.575, marking a weekly increase of 44% from $3.98 to $5.57. A positive moving average cross (MA Cross) on the 4-hour price chart indicates a trend reversal for HNT.

Notably, the Relative Strength Index (RSI) of HNT has entered the overbought zone. Currently, the token is trading at $5.33 with a market capitalization of $856 million. The daily trading volume of HNT saw a significant spike of 225%, reaching $68.2 million.

Furthermore, other tokens within the Helium ecosystem also demonstrated positive market performance. The native token of Helium Mobile Network, MOBILE, increased by 1.65% to $0.002834, while the token of Helium IoT Network, IOT, surged by 15% to $0.001186.

Helium's Progress

In December, the Helium Foundation announced plans to expand mobile coverage by offering a $20 per month plan for mobile phones in the US market. This initiative has attracted 62,463 subscribers thus far.

The number of Helium-powered mobile hotspots globally has reached 401,817. The revenue of the Solana-based DePIN project has grown significantly by 3546.7% year-to-date, rising from $35.9K to $1.31 million.

In addition, various decentralized mobile services like free WiFi and international roaming have been introduced to encourage users to participate in the decentralized wireless mobile network era.