DePIN Tokens Show Notable Growth in Weekly Trading Volume, $TAO Leads

The DePIN market has experienced considerable expansion over the past week. In this respect, $TAO, $WMTX, and $RENDER have dominated the weekly rankings in trading volume. As per the data from Phoenix Group, the other prominent names on the top-10 list include $FIL, $ANKR, $ATH, $AKT, $PHA, $AR, and $SKR. Their rising gains indicate the surging interest of investors in the cutting-edge DePIN projects.

$TAO Dominates DePIN Tokens Based on Weekly Trading Volume with Staggering $2.3B

$TAO is the top DePIN token when it comes to weekly trading volume. Specifically, the native token of TaoFi has recorded a $2.3B in volume over the week, while witnessing a 0.9% increase in price. In addition to this, $WMTX, World Mobile Token’s native token, shows a noteworthy weekly trading volume of up to $468M. At the same time, its 7-day price change accounts for a 0.5% decrease.

Apart from that, Render WormHole’s native token, $RENDER, has also gained a noteworthy position among the DePIN tokens this week. Particularly, the DePIN token has effectively occupied a $352M in weekly volume. Along with that, the project has gone through a 11.5% dip in price over the same period. Additionally, $FIL, Filecoin’s flagship token, stands in the 4th position among the week’s key DePIN tokens when it comes to weekly trading volume. So, it has hit $348M alongside a 1.4% weekly price decrease.

Coming after that, Ankr’s $ANKR token has touched the $306M mark in the case of weekly trading volume. Additionally, it has undergone a 25.7% weekly rise in price. Subsequently, $ATH, Aethir’s native token, now accounts for a $291M in its weekly trading volume. Moving on, Akash Network’s $AKT denotes a weekly trading volume of almost $190M while its 7-day price change sits at 36.1%.

$SKR Bottoms List with $56M in 7-Day Trading Volume

According to Phoenix Group, the $PHA, the native token of Phala Network, has witnessed $103M in its weekly volume. Moreover, Arweave’s $AR token stands at $68.5M in 7-day trading volume. Concluding the list, $SKR, Seeker’s token, has recorded a $56.0M in overall weekly trading volume.