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Helium builds a decentralized wireless network for Internet of Things (IoT) that runs on a peer-to-peer structure using blockchain. It sells IoT hotspots—small devices that users place to provide network coverage and, in return, earn Helium Network Tokens (HNT). IoT devices connect to the network by paying data credits, which helps finance operations. Unlike traditional cellular-based connectivity, Helium relies on a distributed set of hotspot owners to create coverage over wide areas. The company differentiates itself by combining hardware, distributed systems, and blockchain to create a community-powered network, rather than depending on a single carrier. Its goal is to reduce the cost and increase the reach of IoT connectivity by growing a large, decentralized network that people participate in and users earn rewards for expanding coverage.
Industries
Data & Analytics
Hardware
Enterprise Software
Crypto & Web3
Company Size
51-200
Company Stage
Series D
Total Funding
$364.8M
Headquarters
San Francisco, California
Founded
2013
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Total Funding
$364.8M
Above
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Funded Over
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Deep dive: Solana DePIN - March 2026. Read research, tutorials, news, and more on the Syndica blog. Cutting-edge insights and new features & product announcements can be found here. No spam. Unsubscribe anytime. Note: Below is the text-accessible version of this post for visually impaired readers. Syndica deep dive: Solana DePIN - March 2026. Solana DePIN revenue bounced back 16% to $2.9M. In March 2026, Helium, Render, Hivemapper, UpRock, NATIX, XNET, and Geodnet collectively generated $2.9M, reversing February's dip. Deployer rewards snap a 7-month slide, jumping 31% to $2.1M. Solana DePIN protocols distributed $2.1M in rewards in March, up from Feb's record low of $1.6M. This figure is set to grow as Wingbits and Dabba gear up for their TGEs. Wireless protocols smashed through 45k TB, another all-time high. In March 2026, Dabba Network, Helium Mobile, and XNET collectively delivered 45k TB of offloaded data, up 22% from February's 37k TB. Helium Mobile crossed 670k sign-ups. New subscribers picked up to 14k in March from 12k in February. Helium also launched Helium Hangouts, a new in-app feature for Mobile subscribers to discover local spots with Helium connectivity. Helium's growth story shied from new deployments to network utilization. Monthly deployments stayed in the low thousands, well below early 2025's 27k-30k peaks. The 128k cumulative base is doing real work, thousands connected via Helium at Okeechobee Music Festival last month. Helium daily offload hit 111 TB as subscribers approached 2.8M. Average daily data offload rose 10% while daily offload subscribers climbed 12%. Helium revenue climbed to $2.5M, a new ATH. Monthly revenue grew 14% to $2.5M in March, up from $2.2M in February. This marks three consecutive months above the $2M mark first breached in January 2026. Q1 2026 revenue is nearly surpassing 2025's full-year mobile revenue. Offload carriers now account for 57% of Helium Mobile revenue. Carrier offload fees widened their share to 57% in March, continuing their climb from near-parity in January. Major U.S. carriers are routing growing volumes of traffic through the network, reinforcing the shift from subscriber-driven to enterprise offload-driven revenue. Dabba usage surged 24% to 42k TB and unveiled its on-chain roadmap. Data consumption hit 42k TB in March, up from 34k. Deployments moderated to 6k hotspots. The protocol released a major article titled "The Next Phase of Dabba: From Real-World Network to On-Chain" signaling an upcoming token launch. XNET blew past its own record with 150 TB in March, up 40%. XNET's data offload jumped 40% from 107 to 150 TB, marking its second straight month above 100 TB. The protocol launched Passpoint, a seamless WiFi authentication feature that eliminates captive portal friction, and highlighted Cambium Networks' WiFi 7 tri-radio APs as a new revenue path for venue operators. XNET revenue recovered 16% to $4.3k alongside its record offload. On-chain revenue rose to $4.3k in March, up from $3.7k in February. Passpoint and WiFi 7 support aim to bring more venues onto the network by removing login friction and boosting capacity. Hivemapper revenue exploded 8x to $75k after February's low. Revenue surged from $9k to $75k as HONEY burn activity reignited with two weekly burns of roughly 7M HONEY each. Bee Maps launched a Map Feature Explorer for browsing every detected stop sign, speed limit, and turn restriction, and teased a Bee Maps Tracking app on Google Play. Hivemapper contributors jumped 51% to 242 as new products drew mappers back. New contributors rose from 160 to 242 in March, coinciding with the Map Feature Explorer launch and the Bee Maps Tracking app tease. Hivemapper mapping jumped 38% to 11M km as events surged 67%. Kilometers mapped rose from 8M to 11M and map data events climbed from 3M to 5M. The recovery across every metric suggests that the Map Feature Explorer and Bee Maps Tracking app tease fueled renewed contributor interest. NATIX held flat at 39M events but bet big on Physical AI partnerships. Map data events edged up 3% from 38M to 39M. The real story was two new partnerships: Valeo to build open-source multi-camera World Foundation Models for Physical AI, and MaprGo for spatial intelligence infrastructure. Onocoy landed a Tier-1 client that onboarded 1,000+ stations on day one. New minerstation deployments came in at 303 in March, bringing the total network to 7.6k. The standout was a major unnamed Tier-1 client now consuming correction data across North America, Europe, and SE Asia. Wingbits confirmed its $WINGS TGE for April 22 with 6k+ stations tracking 200k flights daily. Mainnet and token launch are set for April 22 on Solana, with 50% of revenue going to buy-back and burn. Ahead of launch, the team shipped a GPS Integrity Layer that visualizes jamming across global airspace and tracked the LaGuardia airport accident flight path in real time, demonstrating live utility of the network. Nosana jobs slipped 9% to 146k while the team invested in developer onboarding. Monthly jobs fell from 160k to 146k. Nosana focused on ecosystem building with Builders Challenge #4, including an in-person Singapore workshop and an online session for deploying ElizaOS agents on Nosana GPU Cloud. UpRock launched OpenClaw DePIN and the world's largest decentralized internet survey. $UPT burn up 6% to $35k. OpenClaw DePIN is live, earning tokens for browsing tasks across 190+ countries. The Global Internet Survey also dropped, covering 500k+ devices and 250M+ speed tests. Render revenue nearly doubled to $176k as Salad GPU integration passed its first vote. Revenue surged 87% from $94k to $176k, reversing February's dip. RNP-023, which brings Salad's decentralized GPU network to Render as an exclusive subnet, passed first-round voting with 1.3M yes votes vs. 15.5K no. 375ai went from NYC beta to nationwide US coverage in a single month. 375go v3 launched on Android in mid-March and store missions went live across the US by month's end. The 375edge hardware network expanded across NYC metro with Miami next. Collectively, the network processes 1TB of raw visual data daily into 35MB of structured output, a 26,000x compression ratio at the edge.
Helium Network accelerates global expansion with Brazil entry via Mambo WiFi partnership. Helium Network is making a significant push into the Brazilian market through a strategic joint venture with Brazilian Wi-Fi provider Mambo WiFi, marking a key milestone in the company's global expansion efforts and addressing the country's persistent connectivity gap, where more than half the population lacks reliable internet access and over 100 million people depend on shared or public Wi-Fi for online access. The collaboration leverages Mambo's existing 40,000 Wi-Fi hotspots as the foundation for the Helium Network in Brazil, enabling the people-powered wireless model where individuals and businesses deploy Hotspots that act as mini cell towers to extend mobile coverage and help carriers offload data to rapidly scale coverage across the country as local carriers adopt this decentralized approach, with Helium's network already spanning over 120,000 Hotspots across the U.S. and Mexico and serving nearly 2 million daily users. "Our collaboration with Mambo represents a significant milestone in expanding the Helium Network internationally," said Mario Di Dio, GM of Network at Helium. "Together, we're tackling the telco market in Brazil and pioneering a new model where people-powered networks deliver affordable, reliable coverage at scale. Mambo's deep carrier experience and national footprint make them the perfect partner to accelerate this shift, while setting the stage for future carrier collaborations internationally." The partnership aims to demonstrate how people-powered networks can enter and scale in new regions faster and more cost-effectively than traditional telco infrastructure, and Helium plans to work with local carriers to enhance coverage for subscribers via carrier offload while reducing infrastructure costs. "Through this collaboration, Mambo and Helium are bringing cutting-edge wireless technology to Brazil's telco market," said Katie Angelo Pierozzi, Co-founder and CEO of Mambo WiFi. "Our 40,000 access points will serve as a foundation for the Helium Network, enabling local carriers to adopt this people-powered model to close Brazil's longstanding connectivity gap, bringing reliable and accessible connectivity to millions of users across the country." Additionally, Helium has launched an International Waitlist to invite communities, enterprises, and deployment partners worldwide to express interest in bringing the Helium Network to new regions, helping guide the next phase of its global deployment strategy.
Helium expands to Brazil with Mambo WiFi in depin breakthrough. What to know: * Helium, a decentralized wireless network built on Solana, is entering the Brazilian market through a joint venture with local WiFi provider Mambo WiFi. * The partnership represents one of Helium's most significant international expansions so far and could set the stage for carrier integrations in a country where reliable internet access remains uneven. Helium, a decentralized wireless network built on Solana, is entering the Brazilian market through a joint venture with local WiFi provider Mambo WiFi, the companies said Wednesday. The partnership represents one of Helium's most significant international expansions so far and could set the stage for carrier integrations in a country where reliable internet access remains uneven. As a decentralized physical infrastructure network (DePIN), Helium's model depends on individuals and businesses installing hotspots that act as small cell sites. Those operators earn crypto rewards tied to network usage. Supporters say the approach allows wireless coverage to scale more quickly and cheaply than traditional telecom buildouts. Mambo's network of roughly 40,000 WiFi hotspots, which is already used by major Brazilian telecom providers, will serve as the initial base for Helium's deployment. The companies say this infrastructure could be used by carriers to offload mobile data traffic onto Helium-connected hotspots, a strategy that can reduce congestion and lower operating costs. "Together, we're tackling the telco market in Brazil and pioneering a new model where people-powered networks deliver affordable, reliable coverage at scale," Mario Di Dio, Helium's GM of Network, said in the announcement. Brazil is a sizable target for the rollout: more than 100 million people rely primarily on shared or public WiFi to get online, according to the press release. Helium currently has more than 120,000 hotspots across the U.S. and Mexico. Brazil is set to become the network's next major market as it continues its push beyond North America. AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by its editorial team to ensure accuracy and adherence to its standards. For more information, see CoinDesk's full AI Policy. Commissioned by GoPlus * As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. * GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. * Since its January 2025 launch, the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B, while derivatives volume peaked the same month at over $4B. The new update enables trustless swaps between Lightning and Liquid, removing technical hurdles for fast, self-custodial BTC spending, the company said. * Blockstream's Green app now supports atomic swaps between the Lightning and Liquid networks, enabling private bitcoin payments without channel management. * The update lets users pay Lightning invoices directly from their Liquid bitcoin (LBTC) balances in a self-custodial way. * Upcoming features will add on-chain swap support and hardware wallet integration to extend multi-layer bitcoin interoperability.
Helium (HNT) launched its ICO in 2019, initially priced at approximately $0.27.
With the launch of Helium Mobile, which is aimed at providing 5G connections, Helium has recently expanded its operations into the mobile service industry.
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Industries
Data & Analytics
Hardware
Enterprise Software
Crypto & Web3
Company Size
51-200
Company Stage
Series D
Total Funding
$364.8M
Headquarters
San Francisco, California
Founded
2013
Find jobs on Simplify and start your career today