Messari’s Insightful Report on Helium Network’s Q4 2024

Messari, a crypto research firm, recently published the “State of Helium Q4 2024,” providing quantitative metrics and qualitative insights into Helium Network’s growth, adoption, and operational developments from the last quarter of 2024.

The report highlights Helium’s progress over four months, with a particular focus on the DePIN project’s expansion in mobile and IoT network capabilities.

Strong Q4 Performance for Helium Network

In Q4 2024, the Helium Network transferred over 576 TB of offloaded data, reflecting a staggering 555% increase quarter-over-quarter.

By the end of Q4, Helium Mobile was serving over 124,000 subscribers on its unlimited talk and text messaging service, marking a 7% increase from the previous quarter. According to a recent update from Messari, this figure has now risen to over 150,000.

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Regarding hotspot expansion, Helium’s mobile hotspots increased by 14% to 24,800, while IoT hotspots grew by 20% to 32,900 since migrating to Solana.

Nova Labs, an associate of Helium Network, also tested hotspots in collaboration with Telefonica in Mexico, showcasing interactions between a decentralized network and a major telecom provider.

In October, Ameriband allocated over 100,000 HNT to simplify and lower barriers for new participants, redistributing 70% of HNT emissions to the MOBILE subnetwork and 30% to the IoT subnetwork.

November brought recognition as Harvard Business School included Helium in its strategy curriculum case study, while Helium was also featured in Coinbase’s COIN50 index, allowing eligible users to trade in the index via a COIN50 perpetual future on Coinbase’s international exchange.

The report illustrates Helium’s increasing traction within the Decentralized Physical Infrastructure Networks (DePIN) sector, highlighting its scalability and ability to attract users and network providers.

Helium: A Leader in DePIN

Messari’s data makes a compelling case for Helium’s relevance in DePIN. While several projects focus on global connectivity, Helium distinctly leads, facilitating other DePIN projects.

Helium’s role is instrumental, evidenced by its participation in discussions at key crypto events, including Token 2049 and Breakpoint.

What sets Helium apart is its enabling role for DePIN projects like DIMO, Hivemapper, and WeatherXM, which leverage Helium’s IoT Network.

Additionally, Helium emphasizes responding to demand rather than merely expanding supply, proving effective in partnerships with high-demand venues where traditional carriers face challenges.

Helium’s blockchain features simple yet effective tokenomics; every network usage burns Data Credits (DCs), which reduces HNT supply, creating a natural demand mechanism.

To maintain its competitive edge, Helium Network must prioritize scaling, capital efficiency, and support composability across networks like IoT, MOBILE, and ENERGY.