peaq Reports a Breakout First Full Quarter Following Its Mainnet Launch

Layer-1 blockchain peaq has posted a breakout first full quarter following its mainnet launch in November. The Polkadot-secured rollup reported a 789% increase in average daily new machine addressing. Jumping from just 2,654 in Q4 to 23,603 in Q1. This was driven by rapid adoption from machine-native DePIN like Silencio and Teneo. These integrated real-world devices interact autonomously on the chain.

peaq just posted a breakout Q1:

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The report highlights the remarkable growth of the peaq ecosystem. As evident in the integration of new machines and the increasing involvement of users in the network. The platform's architecture allows the seamless integration of real-world assets. Its features are scalability, interoperability, and a developer-friendly module.

Massive Growth in Machine Onboarding

The Polkadot chain reported a 789% quarter-over-quarter increase in average daily new machine addressing. Jumping from just 2,654 in Q4 2024 to 23,603 in Q1 2025. This was driven by rapid adoption from machine-native DePIN like Silencio and Teneo. These integrated real-world devices interact autonomously on the chain.

peaq is a rollup secured by Polkadot.

With top DePIN projects such as Silencio Network built on it, peaq has emerged as the leading L1 for the Machine Economy.

Users have actively mirrored this trend. The average number of daily active addresses had hiked on the platform by 256.7%. Reaching 22,738. While the average daily transaction increased by 32.5% to 77,386. The surge was largely driven by the Get Real Campaign Beta, which incentivizes humans and machines. This incentivization took place across 15+ DePIN projects with token rewards and gamified quests.

Protocol Revenue Soars 350%

In financial terms, peaq posted a 350% increase in the protocol revenue that totals around $33,300 for Q1. Revenue more than doubled month-over-month from February to March as network activity and microtransaction volume rose sharply. peaq uses a low-cost fee structure and charges just $0.00025 per transaction, allowing the users to experience a stable and scalable interaction. Despite a strong network growth trajectory, peaq market cap seems to decline by 74.2%. From $347.5 million to $89.8 million. This decline coincided with the unlocking of early campaign tokens and a 14.5% increase in circulation supply.

Ecosystem Funding and Expansion

This Polkadot-secured rollup, still in Q1 fundraising, remained robust. With over $4 million has been raised across projects like XMAQUINA, Teneo, and Combinder indicates continued institutional confidence. The ecosystem closed the quarter with 49 active DePINs. From the security point of view, peaq expanded its validator set from 32 to 48 active validators with around 1.75 billion PEAQ staked. Indicating 41.2% of total token issuance, the network runs on a Nominated Proof-of-Stake (NPoS) model with disinflationary tokenomics.

Q2 Token Unlock and Future Outlook

The future of 279.4 million PEAQ tokens is set to be unlocked in Q2 2025. Including allocation for the investor, community rewards, and network security. This will further increase the circulating supply beyond the current 14.5% of the 4.2 billion genesis total. With the robust infrastructure allowing DePIN, Decentralized Physical AI (DePAI), Machine DeFi, and tokenized machine-based RWAs. peaq has positioned itself as the foundation layer of a machine economy.