Crypto News: A telephone (DePIN), a virtual web-based smartphone application, officially introduces its launch in the Solana ecosystem.
This innovative service redefines the Web3 mobile experience and provides millions of users with an easy way to interact with Web3 applications without any hardware limitations.
Let’s check out all the details below.
The innovations of Solana and DePIN for smartphones and crypto
As expected, APhone, a virtual telephone application based on the Internet, is causing a revolution the Web3 mobile experience announcing its official launch through the Solana ecosystem.
This provides millions of users with an easy way to interact with Web3 applications, overcoming hardware limitations.
APhone’s debut on Solana opens the doors to one of the most dynamic and fast-growing Web3 ecosystems, with more than 500 Web3 apps, games, NFTs, DeFi protocols and millions of users, ensuring smooth and uninterrupted performance.
APhone comes pre-installed with high-quality blockchain applications such as Magical Eden, OKX, Bybit, and games such as HoneyLand, Mighty Action Heroes, Warpcast and others.
The APhone NFTs, which provide access to in-app experiences, can be minted and activated (burned) directly onto the Solana chain.
As a virtual mobile phone application powered by DePIN, with an annual fee of $20, APhone overcomes the hardware limitations of old phone models.
In particular, providing access to Solana’s solid DePIN ecosystem, for which GPU, memory and RAM are essential a seamless experience.
APhone will open the doors to several DePIN key projects on Solana, including Helium, which rewards users for network coverage and transaction validation.
Furthermore, given the increasing penetration of smartphones and access to mobile Internet in emerging markets, APhone aims to offer cloud-based GPU computing.
Take care of bigger range, stability and accessibility in all regions, especially in emerging markets.
APhone: Revolutionizing Web3 Access via Distributed GPU Cloud
Powered by the distributed GPU Cloud infrastructure from Aethir, APhone overcomes hardware limitations and app store limitations, allowing access to demanding applications and graphics-intensive games directly through a browser.
This solution avoids costly developments and backward compatibility issues. APhone’s decentralized approach ensures global distribution of user data, eliminating single points of failure and improving data security and privacy.
Aethir also offers real-time services, including those for cloud gaming.
Jennifer Drink, former Global Business Development Manager at Polygon and currently leading the development and growth of the APhone ecosystem, stated:
“Our excitement in launching on Solana and challenging the duopoly of Google Play and Apple’s App Store lies in promoting self-governance and open platforms for cryptocurrencies. We are here to help make web3 and cryptocurrencies more accessible, capturing the growing interest.”
The APhone app is available to users at an annual cost of 20 dollars. To celebrate the launch of the mainnet on Solana, APhone is offering select Solana Mobile users a discount on access to its platform.
Solana DeFi Explosive Growth: Record Trading Volume and More
The recent data provided by DefiLlama highlighting a significant increase in decentralized finance (DeFi) on Solana in the past week.
In particular, the decentralized exchanges (DEX) on Solana have recorded significant increases in trading volume, especially in the period between March 3 and March 6.
The Chinese journalist specialized in cryptocurrencies, Colin Wu, shared intriguing details about the dynamics of Solana’s DEX trading activity.
According to updates published on his Wu Blockchain X page, the volume of DEX trades on Solana has exceeded $2 billion for four consecutive days.
Moreover, on March 5, trading volume reached $2.85 billion, setting a new daily record.
The information from Coin gecko indicates that Jupiter, the main DEX on Solana, is in the lead with a trading volume in the last 24 hours of $1,450,102,962, followed by Orca with a trading volume of $837,495,350.
From February 25 to March 2, Solana’s DEXs recorded a significant trading volume of $11.24 billion. This week marks a milestone for Solana’s DEXs, outpacing even the strongest competitor, Ethereumin terms of trading volume.
Recent reports show that DEX activity on Solana has seen a significant increase of 177% in just one week, with significant contributions from Orca and Raydium in which trading volumes increased by more than 100% compared to previous weeks.