The DePIN market has seen significant expansion over the past week. In this regard, $TAO, $WMTX, and $RENDER dominated the weekly rankings in terms of trading volume. According to Phoenix Group data, other notable names in the top 10 list include $FIL, $ANKR, $ATH, $AKT, $PHA, $AR, and $SKR. Their rising gains indicate growing investor interest in DePIN’s cutting-edge projects.
$TAO dominates DePIN tokens based on weekly trading volume at a staggering $2.3 billion
$TAO is the best DePIN token when it comes to weekly trading volume. Specifically, TaoFi’s native token recorded a volume of $2.3 billion over the week, while seeing a price increase of 0.9%. Additionally, $WMTX, the native token of the World Mobile Token, shows a noteworthy weekly trading volume of $468 million. Meanwhile, the 7-day price change represents a 0.5% decline.
Aside from that, Render WormHole’s native token, $RENDER, has also gained noteworthy status among DePIN tokens this week. In particular, the DePIN token accounted for an actual weekly trading volume of $352 million. Besides, the project witnessed a price decrease of 11.5% during the same period. In addition, $FIL, the token of Filecoin, ranks fourth among the major DePIN tokens of the week when it comes to weekly trading volume. Thus, it reached $348 million with a weekly price decrease of 1.4%.
After that, Ankr token $ANKR reached the $306 million mark in case of weekly trading volume. Additionally, it saw a weekly price rise of 25.7%. Following this, $ATH, Aethir’s native token, now accounts for $291 million in weekly trading volume. Going forward, Akash Network’s $AKT indicates a weekly trading volume of around $190 million USD while the 7-day price change is 36.1%.
SKR bottoms at $56 million in 7-day trading volume
According to Phoenix Group, $PHA, the native token of the Phala network, saw $103 million in weekly volume. Furthermore, the price of the Arweave $AR token stands at $68.5 million in 7-day trading volume. Concluding the list, the Seeker $SKR token recorded a total weekly trading volume of $56.0 million.
