Messari, a crypto research firm, published a report titled “State of Helium Q4 2024,” providing insights into Helium Network’s growth and developments during the last months of 2024.
Helium’s Q4 2024 Achievements
According to the data, Helium Network transferred over 576 TB of data in Q4 2024, a 555% increase quarter-over-quarter. By the end of the quarter, Helium Mobile had over 124,000 subscribers, marking a 7% growth. Mobile hotspots increased by 14% to 24,800, and IoT hotspots grew by 20% to 32,900. The introduction of HIP 138 simplified the token structure around HNT, redirecting 70% of HNT emissions to the MOBILE subnetwork and 30% to the IOT subnetwork, aimed at reducing complexity and barriers for new network participants.
Helium’s Leadership in DePIN Sector
Messari's report highlights Helium’s crucial role in the Decentralized Physical Infrastructure Networks (DePIN) sector. Helium stands out among other projects due to its support and development of other projects in this area. It has been a central topic at various crypto events like Token 2049 and Breakpoint, underscoring its significance.
Factors Contributing to Helium’s Success
One of Helium's key success factors is its ability to meet demand, focusing less on just increasing supply. Its flexibility in carrier offloading allows effective collaboration with traditional operators for improved service quality. The blockchain's simple yet effective tokenomics model involves burning Data Credits, directly reducing HNT supply and creating a natural demand mechanism. However, to maintain its competitive edge, Helium must continue scaling and maintain capital efficiency.
Messari’s report showcases Helium Network’s significant growth and expansion in 2024. With a market-driven approach, major partnerships, and straightforward tokenomics, Helium leads the DePIN sector.
