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Homeweb3.0Aethir (ATH) Token Gains Traction as Whales Flock to DePin Projects

Aethir (ATH) Token Gains Traction as Whales Flock to DePin Projects

Aug 16, 2024 am 09:03 AM
Whales DePIN Aethir (ATH)

Decentralized Physical Infrastructure Networks (DePin) continue to be a growing narrative, transforming the tech sector.

Aethir (ATH) Token Gains Traction as Whales Flock to DePin Projects

A new crypto narrative is emerging and it’s heating up the tech sector. It’s called DePin, short for Decentralized Physical Infrastructure Networks. These networks are enabling decentralized projects in the real world, and one of the biggest players is Aethir (ATH).

On Thursday, Lookonchain showed that Arthur Hayes, the BitMEX founder, bought 11.4 million ATH tokens, valued at around $800,000, from OKX. According to Arkham, Hayes also received 29.611 million ATH tokens from several exchanges, including HTX, Bybit, and KuCoin.

Meanwhile, WuBlockchain reports that Hayes has 41.011 million ATH, worth about $2.84 million, making it his third-largest on-chain position. Reportedly, Arthur Hayes’ family office is also an Aethir investor.

In a separate Lookonchain report, another whale purchased 28.87 million ATH tokens, valued at $1.95 million, across Bybit, KuCoin, and OKX exchanges.

Aethir is gaining attention for its role in providing decentralized cloud infrastructure for gaming and AI. AltcoinDaily, a crypto analyst, notes that Aethir is emerging as a leader in the DePin space, thanks to its potential to build scalable, decentralized solutions.

The ATH token underpins the Aethir ecosystem, serving as a medium for staking and governance — real-world use cases that enhance the project’s credibility. The token's integration across exchanges is boosting interest, platform appeal, and meeting the rising demand for advanced blockchain solutions. Positioned as a GPU marketplace, Aethir seizes the opportunity presented by the AI sector’s growing need for computing power.

This demand also benefits other DePin projects like Helium (HNT), Storj (STORJ), and StorX Network (SRX), which offer cost-efficient, decentralized infrastructure.

Crypto researcher Alex Wacy refers to Aethir as the “Nvidia of crypto” due to its impressive arsenal of 43,000 enterprise-grade GPUs, including 3,000 Nvidia H100s. These high-performance GPUs are crucial for AI training, and Aethir's network boasts the largest collection of H100s among all Web3 companies. By clustering these GPUs within the same data center, Aethir enhances AI training efficiency significantly.

Wacy also highlights that Aethir's exclusive use of enterprise-grade GPUs guarantees superior service quality and 99.99% uptime. This commitment to top-tier performance positions ATH as a dominant player in the cloud gaming and AI training sectors.

With this, they conclude that ATH is well-positioned to dominate the cloud gaming and AI training market.

As the DePin narrative gains traction and more users enter the market, these tokens are expected to attract even more attention. With a expanding range of options, some analysts conclude that all DePin projects present compelling investment opportunities.

“The entire DePIN (and decentralized computing in particular) is a Web3 gold mine. I would not be able to pick one project over another for now, though,” another researcher noted.

As BeInCrypto reported, the DePin narrative has recorded parabolic growth since inception, soaring 400% to $20 billion as of August 8. This shows growing interest in decentralized infrastructure. However, revenue generation is a major challenge, and firms are leaning toward DePin projects that service profitable markets.

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