Peaq Q3 Updates
This quarter focuses on Machine DeFi Suite V2, featuring Machine RWA for tokenizing physical assets, a peaq-native stablecoin for transaction stability, Machine Money Markets for lending and borrowing machine-related assets, and a peaq-native DePIN launchpad to fund and deploy infrastructure projects. Additional elements include bridges for cross-chain connectivity, aggregators for optimized trades, and expanded wallet support. Interfaces see peaq Portal V2 enhancements for better user access and the official Get Real launch to bridge Web3 with real-world applications. The purpose is to build financial infrastructure for machines, enabling seamless tokenization, stability, and ecosystem growth. Its significance lies in accelerating DePIN adoption, making peaq a hub for AI, mobility, energy, and IoT projects. Expected impacts include more builders onboarding, higher network utilization, and stronger positioning in the DePIN sector, valued at billions in potential by fostering real-world utility.Recent NewsFrom June to August, peaq expanded listings on Kraken, Binance Alpha, and WEEX, boosting accessibility. Q2 saw a 10.5 percent rise in daily active addresses to 25,132, the launch of a Machine Economy Free Zone in the UAE, and the debut of Machine DEX. Over 50 DePINs now build on peaq, with partnerships like Airbus, Bosch, and Mastercard driving momentum. Staking reached 1.4 billion PEAQ tokens, or 30 percent of supply, signaling strong holder commitment. The network processed 14 million transactions in Q2, up significantly, alongside 5 million on-chain addresses.Future PlansBeyond Q3, peaq aims to scale high TPS on mainnet with low block times and chain fee market upgrades. Roadmap goals include deeper integrations for global adoption, developer grants to spur dApp creation, and expansions into new verticals like robotics and DeSci. By 2026, the focus is on processing billions of daily IoT transactions, establishing peaq as the go-to layer-1 for the Machine Economy through enhanced scalability and interoperability.Onchain DataPeaq's metrics show robust growth, with Q2 average daily transactions at 77,386 and TVL trends upward. Staking stands at 1.9 billion PEAQ bonded, supporting network security. Wallet activity exceeds 5 million addresses, while 24-hour trading volume hovers around 2.8 million dollars. Detailed Dune dashboards confirm consistent transaction throughput, reflecting ecosystem health.Community SentimentReactions on X emphasize excitement over peaq's thriving apps, integrations, and partners like Airbus and Bosch, with users noting unstoppable growth in the Machine Economy. Discussions praise Q3 features like the stablecoin and DePIN launchpad for real-world impact, fostering optimism. Influencers highlight undervaluation at current FDV, though some advise caution on market volatility amid expansions.These updates solidify peaq's lead in DePIN, offering enthusiasts scalable tools for the future of connected devices.
peaq
September 30
