Strong growth reported by peaq in Q1 2025, marking a significant 789% surge in machine onboarding.
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Peaq, a Polkadot-powered blockchain, has burst onto the scene as a dominating force in the machine economy following its mainnet launch in late 2024. The quarter-by-quarter growth reported in the recently released Q1 2025 report shows no signs of slowing down.
Machines swarm to Peaq
Peaq has seen an impressive 789% quarter-over-quarter surge in average daily new machine addresses. With daily addresses jumping from just 2,654 in Q4 2024 to 23,603 in Q1 2025, the platform's popularity is on the rise. This explosion in growth can be attributed to rapid adoption from machine-native DePIN projects like Silencio and Teneo, which integrate real-world devices to interact autonomously on the chain.
Users have followed suit, with the average number of daily active addresses soaring by a jaw-dropping 256.7%. The increased activity has led to a 32.5% rise in daily transactions, making the average daily count sit comfortably at 77,386. The surge can be traced back to the Get Real Campaign Beta, an incentivizing program that rewards both humans and machines across 15+ DePIN projects, with token rewards and gamified quests.
Revenue skyrockets
In terms of financials, Peaq's Q1 revenue saw a remarkable 350% increase, totaling around $33,300. Although the network's market cap took a hit, shrinking by 74.2%, from $347.5 million to $89.8 million, this drop coincides with the unlocking of early campaign tokens and a 14.5% increase in circulation supply. Even with the dip in market cap, the network's revenue more than doubled month-over-month from February to March as network activity and microtransaction volume skyrocketed.
Funding and expansion
Quarter one also saw Peaq remain well-funded, with over $4 million raised across projects like XMAQUINA, Teneo, and Combiner — indicating ongoing institutional confidence. The ecosystem closed the quarter with 49 active DePINs in tow. From a security standpoint, Peaq expanded its validator set from 32 to 48 active validators, with around 1.75 billion PEAQ staked, representing 41.2% of total token issuance. The network operates under a Nominated Proof-of-Stake (NPoS) model with disinflationary tokenomics, ensuring the network's long-term sustainability.
The future beckons
The future holds the unlocking of 279.4 million PEAQ tokens in Q2 2025. Fractions of this token allocation include investment funds, community rewards, and network security. As more tokens enter the circulating supply, Peaq is poised to continue its growth in the burgeoning machine economy. With an expansive infrastructure that supports DePIN, Decentralized Physical AI (DePAI), Machine DeFi, and tokenized machine-based RWAs, Peaq has established itself as the foundation layer of this new economic landscape.
The future of Peaq hinges on its ability to tackle scalability issues and expand beyond niche DePIN use cases to broader enterprise applications. As the machine economy continues to evolve, Peaq stands ready to lead the charge toward a decentralized and autonomous future.
- The Peaq blockchain, a dominating force in the machine economy, has experienced a 789% quarter-over-quarter surge in average daily new machine addresses, showcasing its rapidly growing popularity.
- With daily addresses jumping from just 2,654 in Q4 2024 to 23,603 in Q1 2025, the surge can be attributed to rapid adoption from machine-native DePIN projects like Silencio and Teneo.
- The increase in activity has led to a 32.5% rise in daily transactions, making the average daily count sit comfortably at 77,386.
- Peaq's Q1 revenue saw a remarkable 350% increase, totaling around $33,300, despite a 74.2% drop in market cap from $347.5 million to $89.8 million.
- The network's revenue more than doubled month-over-month from February to March, as network activity and microtransaction volume skyrocketed.
- Ongoing institutional confidence is shown by over $4 million raised across projects like XMAQUINA, Teneo, and Combiner, and the ecosystem closed the quarter with 49 active DePINs in tow.
- As more tokens enter the circulating supply in Q2 2025, Peaq is poised to continue its growth in the burgeoning machine economy.
- The future of Peaq hinges on its ability to tackle scalability issues and expand beyond niche DePIN use cases to broader enterprise applications, preparing it to lead the charge toward a decentralized and autonomous future.
