Peaq

Peaq is a layer-1 blockchain designed to power the Machine Economy and Decentralized Physical Infrastructure Networks. The platform is built to support DePINs and the billions of devices, robots, and vehicles that run on them. peaq launched on November 12, 2024 with over 50 DePINs already building in its ecosystem, leveraging over 2 million devices... across 21 industries including mobility, energy, connectivity, weather, and decentralized AI. With a transaction fee of just $0.00025 and a throughput of 10,000 TPS, peaq offers strong technical fundamentals. LayerZero connects peaq with liquidity and data from over 90 blockchains, unlocking possibilities for DePINs and enabling easy project migration. The platform features Modular DePIN Functions including Machine IDs and DePIN Data Verification that serve as building blocks for developers. peaq collaborates with leading IoT manufacturers such as Bosch and is involved in the Bosch-led moveID project, which includes Airbus and Continental, and also collaborates with Mastercard. The PEAQ token serves as the native utility token for transaction fees, staking, and network governance within the ecosystem.Read More